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Acceleware Ltd V.AXE

Alternate Symbol(s):  ACWRF

Acceleware Ltd. is an advanced electromagnetic (EM) heating company with highly scalable EM solutions for large industrial applications. Its segments include High-Performance Computing (HPC) and RF Heating. The HPC segment sells proprietary high-performance computing software and related consulting services and training programs to the oil and gas industry. The RF Heating segment is engaged in research, development, and commercialization activities related to advanced electromagnetic heating using radio frequency (RF) energy. It is piloting RF XL, its patented low-cost, low-carbon EM thermal production technology for heavy oil and oil sands. It is also working with a consortium of potash partners on a pilot project using its patented and field proven Clean Tech Inverter (CTI) to decarbonize drying of potash ore and other minerals. It is actively developing partnerships for EM heating of other industrial applications in mining, steel, agriculture, cement, hydrogen and other clean fuels.


TSXV:AXE - Post by User

Bullboard Posts
Post by Kazzkidon Aug 24, 2011 11:31am
342 Views
Post# 18974777

News

News

Technology selected to meet challenging depth imaging objectives.

AMSTERDAM, Aug. 24, 2011 /PRNewswire/ -- Paradigm™ (www.pdgm.com) announced today that Fugro (www.fugro.com) has selected the Paradigm Reverse Time Migration to meet its challenging depth imaging objectives. Reverse Time Migration is a preferred solution for imaging of seismic data in areas affected by complex wave phenomena, such as those encountered in the deep waters of Gulf of Mexico in the presence of salt structures.

(Logo: https://photos.prnewswire.com/prnh/20110317/CL67156LOGO )

Developed in collaboration with Canadian-based AccelewareLtd. (www.acceleware.com), the Paradigm Reverse Time Migration (RTM) is structured to handle large seismic datasets with an efficient high performance computing implementation for clusters equipped with many core (CPU and GPU) processors. In addition to imaging of surface recorded seismic data, the Paradigm RTM is able to image seismic data recorded at borehole locations.

"Paradigm's highly efficient implementation of Reverse Time Migration imaging technology provides Fugro a competitive advantage in areas with complex overburden formations such as salt bodies. Combined with data acquired by our latest state-of-the-art vessels and solid streamers, we will be able to provide our customers with seismic data that reveals unprecedented detail and accuracy in these challenging settings," said Andy Conway, president of Fugro Seismic Imaging, Inc.

"We are pleased that Fugro has selected the Paradigm Reverse Time Migration to augment their full seismic imaging portfolio," said Edip Baysal, chief geophysicist at Paradigm. "This combination of advanced computer science and geophysics will allow Fugro to generate high quality seismic images in basins with contrasting geologic structures and velocity distribution in predictable project time frames."

For more information on Paradigm products and services, visit www.pdgm.com, or e-mail info@pdgm.com.

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