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 > W/O Upgrades

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Comment by L.A.on Mar 24, 2023 8:57pm

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Post# 35359854

RE:RE:W/O Upgrades

Blitzer2, yeah I read through it.

Couple of nuggets; while the DTS was broken they continued to heat. Said they had the heat on for 200 days or 7 months.. Also because of the added cost of the w/o of about 2 million they will be able to fund it from oil sales.

Like a lot of people I have been in AXE for a long time, this is the first time I sense real optimism from management.

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