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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Comment by youngkidon Oct 23, 2018 12:34pm

249 Views

Post# 28857021

RE:RE:RE:RE:RE:2.5m contract with AMD!

I don't think this will be recurring business. My understanding is AXE transferred some or all of the employees from that division to AMD and will now be employed by them.

So, AXE receives a cash infusion, will spend very little to fulfill this agreement, reduce overhead costs, minimize dilution required to fund the pilot project and will be able to focus more on the RF XL.

I think the RF technology will be the real money maker for us investors if successful, so to me this was a great move.

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