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.

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Acceleware Ltd > Break out soon

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Comment by L.A.on Aug 19, 2022 6:28pm

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Post# 34908587

RE:RE:RE:RE:Break out soon

Here is the statement from the M D, & A

With the pause in heating and maintenance discussed above, Acceleware now estimates the net cost of the RF XL Pilot to be in the range of $22 million to $24 million. Net cost include estimated gross costs of $25 million to $26 million offset by an estimated $2 million to $3 million proceeds from the sale of produced oil.

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