Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Camber Energy Announces Issuance Of New Patent Covering Transmission Line Ground Fault Prevention Systems

Author: Benzinga Newsdesk | September 27, 2023 07:34am

I.P. is Part of Solution Designed to Reduce Wildfires and Improve Grid Stability

Camber Energy, Inc. (NYSE:CEI) ("Camber" or the "Company"), today announced that on September 26, 2023 the U.S. Patent and Trademark Office (USPTO) issued U.S. patent 11,769,998 entitled " Electric Transmission Line Ground Fault Prevention Systems Using Dual, High Sensitivity Monitoring Devices" to Viking Protection Systems, LLC ("Viking Protection"), a majority-owned subsidiary of Camber's wholly-owned subsidiary, Viking Energy Group, Inc. ("Viking").

The new patent is part of a portfolio of intellectual property owned by Viking Protection Systems, LLC and/or Viking's joint venture partners which has been incorporated into Open Conductor Detection technologies designed to detect unsafe and hazardous conditions for electric transmission lines and distribution lines of any length and any voltage. The systems are designed to immediately identify (within a tenth of a second or less) when a conductor breaks or opens and to instantly de-energize the appropriate source of power. The technology is designed to be an integral component within a much-needed, worldwide grid hardening and stability initiative by electric utilities to improve resiliency and reliability of existing infrastructure.

Posted In: CEI

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist