Viking Energy Group Inc. (OTCMKTS:VKIN) on August 29, 2022, announced filing a fresh patent application in the United States Patent & Trademark Office on August 23, 2022. The patent relates to the electric transmission line protection technology and is a continuation of earlier filings covering systems for avoiding ground faults.
Trading Data
On Monday, VKIN stock rose 6.92% to $0.3630 with more than 16.79K shares traded, compared to volume of 52.91K shares. The stock moved within a range of $0.3200 – 0.3630 after opening trading at $0.3495.
Viking Files New Patent Application
These faults can be caused by line breakage in existing three-phase electric transmission lines. Fires resulting due to line breaks have led to death, and injury as well as billions of dollars in damages to private and public property.
In case of broken lines, existing systems are shut down. The company’s rapid proactive systems are able to terminate the power before broken lines make contact with the ground.
Viking Energy Provides Update on Patent for Medical Waste Treatment Technology
Viking Energy Group Inc on July 18, 2022, announced that its themajority-owned subsidiary, Viking Ozone Technology LLC, was issued an Office Action by the United States Patent & Trademark Office. This was related to its pending patent application covering multi-chamber medical waste treatment systems.
Post response and amendment, an issued patent is likely to be given covering Viking Ozone’s proprietary methods harnessing Ozone-based treatments. Viking will then use the technology for expanding into medical waste treatment internationally.
Technical Data
VKIN stock is trading below the 20-Day and 50-Day Moving averages of $0.36 and $0.38 respectively. Moreover, the stock is trading below the 200-Day moving average of $0.58. The company has a total market capitalization of $41.75 million.
