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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 > Gap closed
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Comment by Lurker11on Jun 16, 2022 3:34pm
128 Views
Post# 34762412

RE:RE:RE:RE:RE:Gap closed

RE:RE:RE:RE:RE:Gap closedIt was mentioned in a few video's and in the latest press release dated May 26th that first oil production started in early April and shipments commenced in May.  They cannot ship oil to a processor with a processing contract and a buyer for the volumes. 

Another significant milestone was reached early April 2022 with first oil production from the RF XL Pilot. Oil shipments commenced in May 2022.
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