Acceleware Ltd V.AXE

Alternate Symbol(s): ACWRF

Technology Software - Application

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

Acceleware Ltd

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Comment by TAswingon Sep 23, 2016 1:21pm

131 Views

Post# 25271100

RE:RE:Price of oil

I like your point of view Youngkid, keep posting!

youngkid wrote:

m112560 wrote: I think that oil would have to drop again for the big players to have another look a this technology, or if AXE can get it rolling sooner. Do they have any Federal $$ invested in this idea? IMHO if a company is making $$$ they tend to be happy and won't change. GLTA

I don't agree with the above, I think it's giong to be tough to sell this process to anyone until it''s been proven. No one wants to take a chance on a technology that might not work as it would get them fired and lose the owners a lot of money.

Once we run through the pilot project and if we get positive results I would imagine companies will begin looking at this with serious consideration. With a green push to cut CO2 and water usage every company will look at this if it's economical. Wether oil goes to $15 or $200, if this cuts production costs, limits the exposure to any potential carbon taxes sludge pond management etc then everyone will entertain the idea as it will improve the bottom line.

This might take some time before this becomes the technology of choice in the oil sands, but with a company at this stage just proving the tech works would likely see the stock price pop 10X from here imo.

Just look at the valuations orbite or Poet hit without any sales or proof of concept. AXE has SOME revenue, contacts with major comapnies, and a speculative technology that could save the industry billions. I sure think we have a lot of room to run and it's a matter of time before the speculative money starts piling into AXE.