CEI - CEI’s Subsidiary Groundbreaking Ozone Technology To Disrupt The Medical Waste Treatment Market
(NewsDirect)
Camber Energy Inc.(NYSE American: CEI) is a growth-oriented, diversified energy companythat owns minority, non-operated working interests in oil and gaswells in Texas and Louisiana, and works with commercial and industrialclients in North America to make energy and power solutions that fittheir needs.
CEIowns a 62% interest in the tightly held, low-float Viking Energy GroupInc. (OTC: VKIN), whose portfolio of technologies includes anexclusive license in Canada for a patented carbon-capture system, andsystems for detecting open conductors in electric transmission anddistribution.
Inaddition, VKIN also has a majority stake in an entity that owns theintellectual property rights to a fully developed, ready-to-market,proprietary ozone-powered medical and biohazard waste treatmentsystem.
TheGrowing Medical Waste Market
With a growing and aging population, increasedobesity, and more people suffering from diseases like COVID-19, thereis more demand for treating medical and biohazardous waste.
Analysts report that themedical waste management market is expected to grow at a 6.2% CAGR andreach a market value of $25 billion by 2028.
Viking is the majorityowner of Simson Maxwell, a producer of a medical waste treatmenttechnology known as the VKIN-6000, which uses ozone to treat medicaland biohazardous waste.
A Gap In The Market
Current methods for treating medical and biohazardous waste(microwaves, autoclaves, and incineration) have many drawbacks;
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Use of highly toxic chemicals that can causeharm to workers and the environment
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Need for significant post-treatment care andattention
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Various odorousgasses, including dioxins, furans and VOCs into the atmosphere causedby processing the waste with heat
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Extremely high cost
With the current solutions being subject to thesecostly and damaging drawbacks, there is a gap in the market, andCamber Energy Inc 's VKIN has the answer.
Cutting EdgeTechnology - OZONE
When compared to current alternatives, Viking OzoneTechnology's VKIN-6000 uses ozone instead of heat to treat wasteand is an improvement in almost every way.
As environmentalregulations continue to get more strict, the VKIN-6000 is a clearalternative to the current methods. The use of ozone and the lack ofheat mean that emissions and releases of harmful and odorous gases aregreatly reduced during the waste treatment process. Because there isno heat, there is also no need to worry about workers being exposed tohigh temperatures.
Also, the way medical waste is treated now often involvesmultiple steps and care afterward, whereas waste that has beenprocessed by the VKIN-6000 is ready to be thrown away safely or caneven be used as a renewable resource.
These factors will have a big impact on salesas they will help the medical waste disposal industry lower costs,improve safety, and be better for the environment.
For these reasons, investors should take acloser look at Camber Energy's subsidiary, Viking Energy GroupInc. (OTC:VKIN)
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