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.

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Acceleware Ltd > Gap closed

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Comment by Lurker11on Jun 16, 2022 8:43pm

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Post# 34763198

RE:RE:RE:RE:RE:RE:RE:Gap closed

Revenue will be recorded in the quarter they are realized along with operating, transportation, processing and other expenses associated with the operation of this site. Since oil was shipped, processed and sold in Q2 the financial accounting associated with it will absolutely be recorded in the Q2 financials.

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