Camber's CEO Highlights Growth & Transformation Following Merger
HOUSTON, TX / ACCESSWIRE / June 20, 2024 / Camber Energy, Inc. (NYSE American:CEI) ("Camber" or the "Company"), a growth-oriented diversified energy company, today shares an open letter to shareholders.
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240621/0-0028e88dda2520f7889f1c6d64210418-0-20d153ce7e78c1c124b5b26fc3bcd738/big)
Dear Shareholders,
The Company is not involved in the day-to-day trading of its stock in the public market, nor does the Company receive proceeds from the trading of its stock in the secondary market, but we are definitely sensitive to market conditions and their impact on the stock price of many companies, including ours which, in my opinion, does not reflect the value of the organization.
Thanks to our dedicated team, Camber has achieved many important milestones over the past several months and by any measure is in a stronger position now than at any time in its past. Toward that end, I am pleased to highlight some of our recent accomplishments and demonstrate how we are positioned for growth.
Current Portfolio
Camber has a majority interest in a long-standing, active business in a high-demand / high-growth sector, along with interests in industry-changing technologies that are beyond the R&D phase and in the early stages of commercialization:
Simson-Maxwell Ltd. (https://www.simson-maxwell.com/) - Majority Owned by Camber
- Reputable participant in the power solutions' business for over 80 years
- Demand for primary and secondary power solutions is going to increase for many years as power consumption increases
- Appropriate catalyst/platform to facilitate and manage growth given existing team (100 employees) and relationships (approx. 4,000 customers)
Broken Conductor Protection (https://camberprotection.com/)
- Solution designed to assist utilities with reducing wildfire risk and improving grid resiliency
- Multiple patents
- Independently tested by two nationally-recognized laboratories
ESG Clean Energy System / Carbon-Capture Technology (https://esgcleanenergy.com/)
- License to expansive IP portfolio to unique clean energy & carbon-capture system
- Exclusive for all of Canada and for several locations in the U.S.
- Multiple revenue streams available through patented system
- Designed to make carbon-capture economically viable (existing methods are energy-intensive and cost prohibitive)
Viking Ozone Technology (https://vkin-ozone.com/)
- clean, safe and sustainable technology for waste treatment;
- institutions (e.g. hospitals) and waste management companies are actively searching for alternatives to existing methods;
- Our majority-owned subsidiary, Simson-Maxwell, is already an approved vendor with a UK-based National Health Services Trust that manages approx. 1,000 hospitals;
- Established distribution arrangements in the UK, France, Switzerland and other countries
Revenue Comparison
As a result of the merger closed in Q-3 last year, revenues, derived primarily from our power solutions' business, including from the design, sale and/or service of power generation units and systems, far exceed revenues generated by the Company in the past several years, as illustrated below.
![big](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240621/0-0028e88dda2520f7889f1c6d64210418-1-cf9af37f99bf00b52b6e0742bc960f40/big)
Similarly, revenues reported by the Company in Q-1 of 2024 also exceed, by a significant margin, revenues reported by the Company in Q-1 for the preceding few years, as highlighted below.
![big]()
Stockholders' Equity Comparison
The merger closed in Q-3 last year also improved the Company's stockholders' equity position, as shown below.
![big]()
Other Highlights
Other highlights from 2024, as previously disclosed, include:
- Q-1 2024 Stockholders' Equity of $20.2 million, compared to deficit of ($19.5 million) in Q-1 2023
- Additional Patents received for Broken Conductor Protection Technology
- Milestones reached for CO2-capture technology
- Continued performance in our Power Solutions Division
- Extinguishment of "floorless" conversion feature in legacy security instrument
- Extinguishment of certain promissory notes that were otherwise due in 2025.
2024 Objectives
- Expand existing Power Solutions' business
- Continue commercialization efforts regarding existing technologies (Broken Conductor Protection; Carbon-Capture; Waste Treatment)
- Pursue other synergistic growth initiatives
We are never complacent and remain diligent in our effort to improve each and every week. We are grateful to our shareholders for their support.
Sincerely,
James A. Doris
President & CEO
Camber Energy
About Camber Energy, Inc.
![big]()
Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly-owned subsidiary, Viking Energy Group, Inc., Camber: (i) provides custom energy & power solutions to commercial and industrial clients in North America; (ii) holds an exclusive license in Canada to a patented carbon-capture system; and (iii) has a majority interest in: (a) an entity with intellectual property rights to a patented, ready-for-market proprietary Medical & Bio-Hazard Waste Treatment system using Ozone Technology; and (b) entities with the intellectual property rights to patented and patent pending, ready-for-market proprietary Electric Transmission and Distribution Broken Conductor Protection Systems. For more information, please visit the company's website at www.camber.energy.
SEC Reports
All figures referenced herein are approximate and all descriptions above are qualified in their entirety by Camber's filings with the Securities and Exchange Commission ("SEC") and available under "Investors -- SEC Filings" at www.camber.energy.
Forward-Looking Statements
This press release may contain forward-looking information within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and Section 27A of the Securities Act of 1933, as amended. Any statements that are not historical facts contained in this press release are "forward-looking statements", which statements may be identified by words such as "expects," "plans," "projects," "will," "may," "anticipates," "believes," "should," "intends," "estimates," and other words of similar meaning. Such forward-looking statements are based on current expectations, involve known and unknown risks, a reliance on third parties for information, transactions that may be cancelled, and other factors that may cause our actual results, performance or achievements, or developments in our industry, to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially from anticipated results include risks and uncertainties related to the fluctuation of global economic conditions or economic conditions with respect to the oil and gas industry, the COVID-19 pandemic, the performance of management, actions of government regulators, vendors, and suppliers, our cash flows and ability to obtain financing, competition, general economic conditions and other factors that are detailed in Camber's filings with the Securities and Exchange Commission. We intend that all forward-looking statements be subject to the Safe Harbor Provisions of the Private Securities Litigation Reform Act of 1995.
Camber cautions that the foregoing list of important factors is not complete, any forward-looking statement speaks only as of the date on which such statement is made, and Camber does not undertake to update any forward-looking statements that it may make, whether as a result of new information, future events or otherwise, except as required by applicable law. All subsequent written and oral forward-looking statements attributable to Camber or any person acting its behalf are expressly qualified in their entirety by the cautionary statements referenced above.
Contact Information:
Investors and Media:
Tel. 281.404.4387
SOURCE: Camber Energy, Inc.
View the original
press release on accesswire.com
Released June 20, 2024
Camber的CEO强调了合并后的创业板和变革。
2024年6月20日,美国纽交所(NYSE American: CEI)上市公司Camber Energy,Inc.(“Camber”)一家成长型多元化能源公司,今天向股东们分享了一封公开信。Camber"或"公司成长型板块创业板(CEI)的Camber Energy今日给股东们分享了一封公开信。
![大](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240621/0-0028e88dda2520f7889f1c6d64210418-0-20d153ce7e78c1c124b5b26fc3bcd738/big)
亲爱的股东:
公司不参与其在公开市场上股票的日常交易,也不从其在二级市场的股票交易中获得收益,但我们绝对会敏感地关注市场状况,以及它对许多公司的股价,包括我们的公司及其对组织的价值造成的影响。
经过我们专注的团队的努力,Camber在过去的几个月里取得了许多重要的里程碑,无论从任何角度来看,现在都比以往任何时候都更加强大。为此,我很高兴地强调我们的一些最近的成就,并演示我们如何为增长做好了准备。
当前组合
Camber在一个高需求/高增长行业拥有多数股权,同时拥有一些超出研发阶段并处于商业化早期的具有变革性的技术:
辛普森-麦克斯韦有限公司(https://www.simson-maxwell.com/) - camber energy占优势地位
- 在电力解决方案业务中拥有良好的声誉超过80年
- 随着能源消耗的增加,对一次和二次电力解决方案的需求将在未来多年内不断增加
- 拥有完善的管理增长的催化剂/平台,具有现有团队(100名员工)和关系(约4,000位客户)
断线保护(https://camberprotection.com/)
- 旨在帮助提高电网抗风险水平,减少野火威胁的解决方案
- 多项专利
- 经过两家国家认可实验室的独立测试
ESG清洁能源系统/碳捕集技术(https://esgcleanenergy.com/)
- 许可独特的清洁能源和碳捕集系统中的广泛IP组合
- 为加拿大全部地区及美国多个地点提供独家服务
- 具有多重收入流的授权专利系统
- 旨在使碳捕集变得经济可行(现有方法耗能并存在成本难题)
海盗O3;甲醛在线检测;大气-涂装除味(https://vkin-ozone.com/)
- 为废物处理提供清洁、安全、可持续的技术;
- 机构(例如医院)和废物管理公司正在积极寻找现有方法的替代方案;
- 我们的多数股权子公司Simson-Maxwell已经成为英国国家医疗服务信托的批准供应商,管理着大约1,000所医院;
- 已在英国、法国、瑞士和其他国家建立了分销安排
营业收入对比
由于去年Q-3完成的合并,主要来自我们的动力解决方案业务的收入(包括发电单元和系统的设计、销售和/或服务)远远超过公司在过去几年中的收入,如下所示。
![大](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240621/0-0028e88dda2520f7889f1c6d64210418-1-cf9af37f99bf00b52b6e0742bc960f40/big)
同样,公司在2024年Q-1报告的收入也大大超过了前几年Q-1报告的收入,如下所示。
![大]()
股东权益对比
去年Q-3完成的合并也改善了公司的股东权益状况,如下所示。
![大]()
其他亮点
2024年其他亮点,如先前披露的:
- 2024年Q-1股东权益为2020.2万美元,而2023年Q-1为(1950万美元)赤字
- 获取了额外的断线保护技术专利
- 二氧化碳捕获技术的里程碑
- 力解决方案部门的持续表现
- 熄灭了旧安全工具中的“无底转换”功能
- 熄灭了某些原定于2025年到期的本票注
2024年目标
- 扩大现有的电力解决方案业务
- 继续推广现有技术(断线保护、碳捕捉、废物处理)
- 推进其他协同增长项目
我们从不自满,并且努力改进每一周。我们感谢我们股东的支持。
此致敬礼,
詹姆斯·A·多里斯
总裁兼首席执行官
Camber Energy
关于Camber Energy,Inc.
![大]()
camber energy是一家以成长为导向的多元化能源公司。通过其全资子公司Viking Energy Group,Camber: (i) 为北美商业和工业客户提供定制化的能源和电力解决方案;(ii) 在加拿大持有碳捕集系统的专利独家许可证;(iii) 拥有大多数利益:(a) 拥有使用臭氧技术的专利即用于市场的专有的医疗和生物危险废物处理系统的知识产权的实体;及 (b) 拥有专利和涉及专利,即用于市场的专有的电力输配电断线保护系统的知识产权。欲获取更多信息,请访问该公司网站:www.camber.energy.
SEC报告
此处提及的所有数字均近似值,以上所有描述均被Camber提交给证券和交易委员会("SEC")的申报文件所限制,并在"投资者 - SEC申报文件"下提供www.camber.energy.
前瞻性声明
本新闻稿可能包含《证券交易法》第21E条(经修正)和《证券法》第27A条(经修正)规定的前瞻性信息,其中任何不是本新闻稿中的历史事实的陈述都是"前瞻性陈述",该陈述可以通过诸如"预计"、"计划"、"项目"、"将"、"可能"、"预测"、"相信"、"应当"、"打算"、"估计"等类似含义的词语来识别。这些前瞻性陈述基于当前的预期,涉及已知和未知风险、对第三方获取信息的依赖、可能被取消的交易和其他因素,这些因素可能导致我们的实际结果、业绩或成就或我们所处行业的发展与所预期的结果、业绩或成就以及暗示的前瞻性陈述的结果、业绩或成就不一致。可能导致实际结果与预期结果不一致的因素包括与石油和天然气行业有关的全球经济环境或经济状况的波动、COVID-19大流行、管理层的表现、政府监管者、供应商和供应商的行动、我们的现金流和获得融资的能力、竞争、一般经济状况以及详细说明在Camber向证券交易委员会提交的文件中包括的其他因素。我们打算所有前瞻性陈述都受到1995年《安全港法》的安全港条款的约束。
Camber提醒,上述重要因素的列表并不完整,任何前瞻性陈述均仅以其所作的陈述公告日期为准,Camber不承诺更新任何前瞻性陈述,无论是因为获得新信息、未来事件或其他原因,除适用法律规定外。所有后续书面和口头的前瞻性陈述均由Camber或任何代表其行事的人士在其整个范围内明确表示与上述中的预防性声明相符。
联系方式:
投资者和媒体:
电话281.404.4387
消息来源:Camber Energy, Inc.
查看原始
新闻发布在accesswire.com上查看原始新闻
发布于2024年6月20日