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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 MisterK25on Oct 22, 2022 10:56am
303 Views
Post# 35040902

Nice To Finally Have Some Great News !

Nice To Finally Have Some Great News !This news release is very positive in 2 aspects :  (1)   DTS repairs are underway, after which heating will restart   (2) They've secured an influx of cash, and continue to be supported by the industry partners.  There was concern from some members here not long ago that AXE was going to run out of cash and be unable to continue. No need to worry about that.  And an important thing to keep in mind is the commercial timeline - 2023 has always been the target and we are almost there. Did any of us expect to get rich before that ?
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