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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

Post by Whampoaon Jan 10, 2021 9:57pm
205 Views
Post# 32264803

On deck after Marwayne

On deck after Marwayne

In exchange for the financing, the producer will be able to provide input into pilot designs and test specifications prior to completion and will receive, along with the other pilot participants, exclusive access to the full set of detailed technical data and test results for one year following completion of the pilot. Acceleware has granted the producer prioritized rights to host a subsequent test of Acceleware's RF XL technology, preferred pricing on precommercial products and preferred access to RF XL products over operators that do not participate in the pilot.



Did you catch this, this second sands producer will get first rights to the "next test". Or better yet, is it our first revenue, even if its precommercial (pre commercial declaration announcement)?
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