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Bullboard - Stock Discussion Forum 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... see more

TSXV:AXE - Post Discussion

Acceleware Ltd > HUGE: AXE RECEIVED $2,064,434 Of $ 3 Million CRIN FUNDING
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Post by ztransforms173 on Mar 21, 2024 9:39pm

HUGE: AXE RECEIVED $2,064,434 Of $ 3 Million CRIN FUNDING

On Nov. 6, 2023, Acceleware announced non-dilutive, non-repayable funding from the Clean Resource Innovation Network (CRIN) of up to $3-million for the RF XL pilot. The funding is paid upon completion of certain milestones and is reimbursement for costs incurred between Jan. 1, 2022, and March 31, 2024. This funding is intended to accelerate clean technology development and commercialization for the oil and gas industry. There was $2,064,434 received in Q4 2023.

https://www.stockwatch.com/News/Item/Z-C!AXE-3527287/C/AXE

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z173
Comment by ztransforms173 on Mar 21, 2024 10:58pm
Note 15 from 2023 AAFS: A new grant funding agreement was entered into with Clean Resource Innovation Network (“CRIN”) as of July 13, 2023 which provides non-dilutive and non-repayable funding of up to $3,000,000 for costs incurred between January 1, 2022 and March 31, 2024 on the commercial-scale pilot test of the RF XL technology. The funding is provided in arrears based on completion of ...more  
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