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Acceleware Ltd V.AXE

Alternate Symbol(s):  ACWRF

Acceleware Ltd. is a Canada-based company that develops clean-tech decarbonization technologies. The Company has two business units: Radio Frequency Heating Technology and Seismic Imaging Software. Its segments include High-Performance Computing (HPC) and RF Heating. Its HPC segment sells proprietary high-performance computing software and related consulting services and training programs primarily to the oil and gas industry. The RF Heating segment is engaged in research, development, and commercialization activities related to the Company’s proprietary enhanced heavy oil and oil sands production technology. It is focused on developing RF XL, a patented low-carbon production technology for heavy oil and oil sands. Its RF XL technology eliminates greenhouse gas (GHG) emissions associated with heavy oil and oil sands production. Its seismic imaging software solutions are for high fidelity imaging, providing the advanced imaging available for oil exploration in complex geologies.


TSXV:AXE - Post by User

Bullboard Posts
Post by TAswingon Jun 15, 2016 12:46pm
145 Views
Post# 24967766

I love that part of yesterday's news release...

I love that part of yesterday's news release...

...A key to achieving the operating and capital cost reductions from the Acceleware solution is the integration of GE's proprietary high-efficiency SiC power electronics.

"We are enthusiastic about contributing to the development of game changing oil sands recovery technologies that have the potential to dramatically lower the environmental footprint associated with upstream oil sands operations," said Brian Gregg, Manager for GE Global Research in Canada.  Over the last several years, researchers at GE Global Research have been developing SiC-based high power, high frequency converters for various applications including renewable energy, marine DC transmission and offshore oil and gas.  The collaboration with Acceleware will give us yet another application to demonstrate the capability of our unique power electronics technology.

The recently filed RF XL patent application adds to Acceleware's growing intellectual property asset base with additional applications expected to be filed in the coming months.

LINK: GE PARTNERSHIP

Bullboard Posts