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Acceleware Ltd V.AXE

Alternate Symbol(s):  ACWRF

Technology Software - Application
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

Acceleware Ltd
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Post by Kazzkidon Jan 26, 2012 7:57pm
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Post# 19455046

News

News

Acceleware Announces Option Grant

Thursday, January 26, 2012

CALGARY, ALBERTA--(Marketwire - Jan. 26, 2012) - Acceleware® Ltd. (TSX VENTURE:AXE) (the "Corporation") a leading developer of high performance computing applications, today announced announces that it has granted stock options to acquire up to 1,380,000 common shares of the Corporation to certain of its employees, officers and directors. The options have an exercise price of
.10 per common share and expire on January 26th, 2017. One third of the options shall vest on the first anniversary of the grant date, one third of the options shall vest on the second anniversary of the grant date, and the remaining options shall vest on the third anniversary of the grant date. The stock option grant is subject to regulatory approval.

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