Viking files new patent application

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HOUSTON, TX/ACCESSWIRE/August 29, 2022/Viking Protection Systems, LLC, a subsidiary majority owned by Viking Energy Group, Inc. (OTCQB:VKIN), is pleased to announce that it has filed a new patent application with the United States Patent & Trademark Office on August 23, 2022 relating to its power transmission line protection technology. The patent application is a continuation of previous filings and covers systems for preventing ground faults in existing three-phase electrical transmission lines caused by a line break (open conductor). Fires caused by line breaks have caused injuries, deaths and billions of dollars in damage to public and private property, forests and wildlife. Existing systems cut power on broken lines after broken lines have touched the ground (structures or natural earth) and therefore do not always prevent faults which can cause disastrous damage.

Viking’s rapid proactive systems are designed to interrupt (cut) power before the broken line(s) come into contact with the ground (structures or natural earth), the purpose being to prevent an incendiary event or other disaster.

This new patent application is specific to systems that use Viking’s high-sensitivity parameter sensing that reacts in fractions of a second to close broken lines before ground contact can occur.

About Viking:

Based in Houston, Texas, Viking Energy Group, Inc. is a growth-oriented, diversified energy company. Through various majority-owned subsidiaries, Viking provides customized power and energy solutions to commercial and industrial customers in North America and holds interests in oil and gas assets in the United States. The company also holds an exclusive license in Canada for a patented carbon capture system and owns a controlling interest in entities holding intellectual property rights to fully developed, patent-pending, market-ready property: (i) Medical & Bio- Hazardous waste treatment system using ozone technology; and (ii) open conductor detection systems. For more information, please visit the company’s website at www.vikingenergygroup.com.

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 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. These forward-looking statements are based on current expectations, involve known and unknown risks, reliance on third parties for information, transactions that may be undone and other factors that could cause our results, performance or actual achievements, or developments in our industry. , 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 relating to fluctuating global economic conditions or economic conditions as they relate to the oil and gas industry, the COVID-19 pandemic 19, the performance of management, the actions of government regulators, vendors and suppliers, our cash flow and ability to obtain financing, competition, general economic conditions and other factors detailed in Viking’s filings with of the Securities and Exchange Commission. We intend that all forward-looking statements be subject to the disclaimer provisions.

Contact information
Investors and media:
Such. 281.404.4387 (ext. 3)

THE SOURCE: Viking Energy Group, Inc.

See the source version on accesswire.com:
https://www.accesswire.com/713776/Viking-Files-New-Patent-Application

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