CEI - CEI Subsidiary Viking Energy Group (OTC: VKIN) Leads Pack In Sustainable Medical Waste Treatment Technology
(NewsDirect)
The amount of medicalwaste needing to be managed is growing. An increase in the prevalenceof illnesses such as COVID-19, a growing medical infrastructure, andan increasing population are all factors contributing to the growingamount of medical waste.
These three factors combine to create a growing market forcompanies that deal with treating medical waste. According to industryanalyst Grand View Research, the global medical waste managementmarket was valued at $21.0 billion in 2016 and is predicted to grow ata CAGR of 5.4% through 2025.
According to the World Health Organization,managing healthcare waste requires increased attention and diligenceto avoid negative health and environmental outcomes.
Key elements ofimproving the management of medical waste, according to the WHO,involve favoring the safety of workers involved and putting anemphasis on being environmentally sound.
In this article, we will focus on CamberEnergy Inc's (NYSEAmerican: CEI) majority-controlled subsidiary,Viking Energy Group Inc., and how their game-changing technology seeksto alter the medical waste market.
Viking Energy Group Inc. (OTC: VKIN) is agrowth-oriented, diversified energy company, majority controlled byCamber Energy Inc. Through various majority-owned subsidiaries, Vikingprovides custom energy and power solutions to commercial andindustrial clients in North America and owns interests in oil andnatural gas assets in the United States. The company also holds anexclusive license in Canada for a patented carbon capture system.
Through itsmajority-owned subsidiary, Viking Ozone Technology, LLC, VKIN offersits revolutionary VKIN-6000, a waste treatment system utilizing ozone.By combining their technology with the use of ozone, VKIN is able tooffer an environmentally sustainable and cost-effective solution.
Current medicaland biohazardous waste management solutions that VKIN targets toreplace include incineration, chemical treatment, autoclaves, and heattreatments. Each of these current methods has multiple drawbacks.These methods for treating medical waste tend to be dangerous forworkers, involve the burning of harmful and odorous gasses, and resultin the release of harmful chemicals into the environment.
The VKIN-6000 eliminatesthe heating element of treating medical waste. This means VKIN’ssolution dramatically reduces the amount of energy used during theprocess, lowering costs, conserving resources, and eliminatinggreenhouse gases. This results in a cheaper process that is safer andmore environmentally friendly.
Waste that has been treated by the VKIN-6000 isable to be turned into a renewable resource, further proving itsenvironmentally friendly capabilities.
Recently, VKIN received a Notice of Allowancefrom the United States Patent & Trademark Office ("USPTO")for patent application No. 17/576,801 titled "Multi-ChamberMedical Waste Ozone-Based Treatment Systems and Methods". A Noticeof Allowance means that the USPTO has made the determination that apatent will be granted from an application. This means theirgame-changing medical waste technology should receive a patent in thecoming months.
The need for a solution that treats medical waste in a way thatis safe for the environment and for the workers involved in theprocess is clear. VKIN offers that with their groundbreaking ozonetreatment technology. With the amount of medical and biohazardouswaste growing with the population, look to solutions like theVKIN-6000 to be the way of the future.
Keep VKIN on your radar for stocks in themedical waste sector to watch.
Formore information investors should visit: https://ir.vikingenergygroup.com/
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