HOUSTON, TX / ACCESSWIRE / June 24, 2024 / Camber Energy, Inc. (NYSE American:CEI) (“Camber” or the “Company”) today announced the successful completion of critical independent testing of its broken conductor protection technology for power transmission systems.
The comprehensive testing included running more than 50 real-time digital simulations of a broken conductor using various voltage levels at various points on the power line, demonstrating the reliability and effectiveness of Camber’s technology in cutting power to a broken conductor before it comes into contact with the ground or grounded structures, preventing the conductor from becoming a source of ignition or posing a danger to life or property.
The testing was coordinated by Bridge View Resources, LLC (BVR) and conducted in the laboratory of a nationally known engineering firm specializing in complex and diverse electric transmission and distribution projects for investor-owned utilities, municipalities, rural cooperatives and industrial customers.
“As expected, the test results confirm the efficacy of this patented technology, and we are excited to collaborate with the Camber team on key elements of the commercialization strategy for this industry-changing product,” commented Steven A. Greenberg, president of BVR.
The Cost of Wildfires
According to a JEC Democratic Majority analysis released in October 2023, the total annual economic burden of wildfires in the United States is between $394 billion and $893 billion in damages, equivalent to 2-4% of U.S. GDP. Solutions like Camber’s line-break protection technology can help alleviate this burden and, most importantly, increase public safety.
Patents in CEI’s Wildfire Mitigation Portfolio
The technology owned by Camber’s majority-owned subsidiary is designed to be an integral component of existing grid protection systems, improving resiliency and reliability, eliminating the need for public safety power shutdown programs and significantly reducing fire risk, improving public safety.
About Bridge View Resources, LLC
BVR specializes in upgrading and modernizing utility infrastructure and systems among other things, and its founder, Steven Greenberg, has experience implementing strategies, systems and solutions for sustainable facilities, products and services for energy infrastructure. Steven is a member of ASHRAE and has previously served on the Board and/or Executive Committee of the California Federation of Distributed Energy Resources, the American Distributed Power Coalition and the American Combined Heat and Power Association. He holds a Bachelor of Science in Business Administration from California Institute of Technology.
About Camber Energy, Inc.
Camber Energy, Inc. is a growth-oriented diversified energy company. Through its wholly owned subsidiary, Camber, (i) provides custom energy and power solutions to commercial and industrial customers in North America; (ii) holds an exclusive license in Canada to patented clean energy and carbon capture systems; and (iii) holds majority interests in (a) a company that holds intellectual property rights to a fully developed, patented and marketable proprietary medical and biohazard waste treatment system using ozone technology, and (b) a company that holds intellectual property rights to a proprietary patented and patent pending transmission and distribution line break protection system. For more information, please visit the company’s website 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. All statements other than historical facts contained in this press release are “forward-looking statements” and may be identified by words such as “anticipates,” “plans,” “projects,” “will,” “may,” “expects,” “believes,” “should,” “intends,” “estimates” and other words of similar meaning. Such forward-looking statements are based on current expectations and involve known and unknown risks, reliance on third party information, transactions that may be canceled, and other factors that may cause the actual results, performance or achievements of the Company, or industry developments, 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 expectations include risks and uncertainties related to fluctuations in global economic conditions or economic conditions relating to the oil and gas industry, the COVID-19 pandemic, management’s performance, actions of government regulators, vendors and suppliers, the Company’s cash flows and financing capabilities, competition, general economic conditions and other factors detailed in Camber’s filings with the Securities and Exchange Commission. The Company intends all forward-looking statements to be covered by the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
Camber cautions you that the foregoing list of important factors is not exhaustive and that forward-looking statements speak only as of the date on which they are made and, except as required by applicable law, Camber undertakes no obligation to update any forward-looking statements made by Camber, whether as a result of new information, future events or otherwise. All subsequent written and oral forward-looking statements attributable to Camber or its agents are expressly qualified in their entirety by the foregoing cautionary statements.
contact address
Investors and media:
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Source: Camber Energy, Inc.
