Company
Vivakor Inc
NASDAQ:VIVK
Vivakor Inc is a clean energy technology and asset acquisition company with a focus in the area of natural resources. Vivakor's corporate mission is to create, acquire and accumulate distinct assets, intellectual properties, and exceptional technologies that produce solid returns to its valued shareholders and partners. The company currently focuses on bitumen (heavy crude) extraction from shallow, oil-laden areas in Eastern Utah, along with petroleum-based remediation projects across the globe. The technologies utilized are low-cost, proprietary and proving themselves industry disruptive when measured by a number of important factors. The general business model has been to be an acquisition hub, focused on building and acquiring cash-flowing assets in discrete areas that have an acknowledged technological advantage and enable a substantial market opportunity within significant target markets across the globe. The company's research, and the technology it acquires are anchored by its relationships with synergistic partners and product-specific commercialization strategies. From the point of product or technology conception, or through acquisition, development and commercialization, Vivakor expects to have strategic partners, joint ventures or licensing arrangements in place for many of its products to sustain revenue attainment.
27 stories
Vivakor hires oil industry expert James Ballengee as new CEO
Ballengee brings more than 20 years of direct energy industry experience to Vivakor
Vivakor closes acquisition of energy companies with assets in key US oil basins
Vivakor CEO Matthew Nicosia said these synergistic acquisitions represented a momentous and transformative event for the company and its shareholders
Vivakor strikes $37.7M deal to acquire energy companies with assets in key US oil basins
Vivakor said the acquisitions will allow the company to enter a synergistic segment of the energy industry with the combination of a crude oil gathering, storage, and transportation facility
Vivakor to deploy first centre for oil remediation in Houston through new partnership with EMS Management
When deployed, the company said its remediation processing centre technology could reclaim up to 1,000 barrels of recycled oil per day
Vivakor awarded 10-year contract for the sale of asphalt from its Utah facility
“As this is our first long-term contract for (the) sale of our asphaltic binder, it is an important milestone for Vivakor,” said the company’s CEO Matt Nicosia
Vivakor announces completion of design stages of its self-powered roadway sensors and the beginning of prototype stages
Four types of smart road sensors have been designed, including one to collect temperature data to allow Departments of Transportation to better direct salting and plowing operations
Vivakor gives tech investors exposure to tomorrow’s roads, using today’s waste
“Vivakor is a socially-responsible acquirer and developer of clean energy technologies and environmental solutions primarily focused on soil remediation,” according to the company's CEO Matt Nicosia
Vivakor secures long-term oil sands supply and lease agreement at its Utah facility
"Locking in a reliable supply of rich, raw oil sands was an important step in preparation to execute long-term sales contracts and prepare for the continual production and sale of asphalt at our Vernal, Utah facility," CEO Matt Nicosia said
Vivakor announces closing of $8M underwritten public offering and Nasdaq listing
In a major milestone, the clean energy technology and asset acquisition company’s shares began trading on the tech-dominated Nasdaq on February 14, 2022, under the symbol "VIVK"