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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

Post by L.A.on Nov 23, 2023 9:25am
177 Views
Post# 35749825

Results

Results

So having read more of the results not sure how I feel. On one hand the financial info doesn't make me feel to positive, but reading the operations info I feel pretty good.
The part that makes me feel good is it sounds like they have been working very close and getting input from the partners on improvements that should ease new installations. If the partners are engaged and want these improvements I would say they have plans to install a system at one of their oil sands facilities. On the other hand these upgrades and improvements cost money so it sounds like AXE is asking them to invest more money to make these upgrades. (Which makes sense) 
I will speculate that once they secure the money it will move forward quite fast. 

These improvements should provide our partners a lot of confidence to install a system plus it will make it much easier to sell a system to a smaller company knowing they have a much more robust and dependable system.

 

 

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