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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

Comment by blitzer2on Nov 12, 2022 5:34pm
146 Views
Post# 35094098

RE:Heating

RE:HeatingL.A. Once the DTS is fixed and the heating starts again it should only take less than a month
for the production of oil again. If you remember, they originally announced heating starting on
the pilot on March 10 and said they were producing oil by April 6th last time. 

If they can get all the revised testing and DTS repairs completed by the end of this month they
could then be back to full oil production before the end of the year. They have now learned a lot
more since the DTS problem. They have also had the added valuable benefit of input/expertise
from their 'big oil' company partners during the downtime.

So hopefully, once they get firing again on all cylinders, they could reach the finish line to a
successfully complete pilot test a lot quicker now. JMHO of course.
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