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scuderigroup.com

Stage

Unattributed - II | Alive

Total Raised

$2.21M

Last Raised

$150K | 2 yrs ago

About Scuderi Group

Scuderi Group has developed an engine technology anticipated to replace many of the standard internal combustion engines used in applications such as cars, trucks, lawnmowers, boats, agriculture equipment, etc. Scuderi Group's business model is to license its technology to qualified engine manufacturers worldwide.

Scuderi Group Headquarters Location

1111 Elm Street Suite 33

West Springfield, Massachusetts, 01089,

United States

413-439-0343

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Scuderi Group Patents

Scuderi Group has filed 55 patents.

The 3 most popular patent topics include:

  • Energy conversion
  • Engine technology
  • Thermodynamics
patents chart

Application Date

Grant Date

Title

Related Topics

Status

9/27/2021

8/16/2022

Engine technology, Energy conversion, Fluid dynamics, Gas technologies, Thermodynamics

Grant

Application Date

9/27/2021

Grant Date

8/16/2022

Title

Related Topics

Engine technology, Energy conversion, Fluid dynamics, Gas technologies, Thermodynamics

Status

Grant

Latest Scuderi Group News

Camber Energy (CEI) Stock: Why The Price Jumped

Nov 17, 2021

The shares of Camber Energy, Inc. (NYSEAMERICAN: CEI) increased by over 9% pre-market today. This is why it happened. The shares of Camber Energy, Inc. (NYSEAMERICAN: CEI) increased by over 9% pre-market today. Investors appear to be responding positively to ESG Clean Energy – developers of Net Zero Carbon Footprints and clean energy solutions for distributed power generation – issuing a statement in response to a report issued by Kerrisdale Capital about Camber Energy and Viking Energy Group (OTCQB:  VKIN) that ESG believes contains misleading and inaccurate information about ESG. “Kerrisdale Capital issued a research report on Camber Energy Inc. (CEI). It is not an independent and disinterested report. Kerrisdale Capital is a short seller that held and may still hold positions in the stock of CEI. This report includes misinformation on Scuderi Group technology and a licensing arrangement between ESG Clean Energy and Camber/Viking. We welcome this opportunity to correct this information,” wrote ESG in the letter. “The Scuderi Group and the SEC entered into a settlement regarding events that took place over ten years ago. Scuderi Group neither admits nor denies the allegations in the settlement. The settlement has nothing to do with the technology or the license agreement with ESG Clean Energy or the Camber license agreement.” ESG also noted that Kerrisdale Capital mistakenly implies that there is something unusual about their licensing agreement, but that is not correct. “Most technology license agreements have an upfront fee paid at the closing of the license agreement and a running royalty usually based on a percentage of revenue. (In ESG’s license with Camber part of the upfront fee will be paid in Viking stock,” says the letter. “This furthermore underscores ESG’s belief in the technology). Higher upfront fees result in lower running royalties, and lower upfront fees result in higher running royalties. A license can have a zero upfront fee and still be very valuable to both the licensee and the licensor. The amounts are a negotiated compromise between the parties. Typically, a higher upfront fee means the licensee is assuming more risk of the technology being successful, and a lower upfront fee and a higher royalty shifts more of the risk to the licensor. A license agreement with an upfront fee of $5 million and a running royalty of 15% reflects the risk each party is willing to take. The structure of the deal does not determine its economic benefit.” Kerrisdale had issued a short-seller report on Camber Energy about a month ago claiming that the company is a “defunct oil producer” that failed to file financial statements with the SEC since September 2020 and is in danger of having its stock delisted. Camber Energy has about a 73% stake in Viking Energy, which is an OTC-traded company. In early September, ESG Clean Energy had announced it has signed a licensing deal with Viking Energy Group for exclusive rights to use ESG’s CO2-free power generation technology in all of Canada. Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.

  • Where is Scuderi Group's headquarters?

    Scuderi Group's headquarters is located at 1111 Elm Street, West Springfield.

  • What is Scuderi Group's latest funding round?

    Scuderi Group's latest funding round is Unattributed - II.

  • How much did Scuderi Group raise?

    Scuderi Group raised a total of $2.21M.

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