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 > Q1 2023 is out.

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Post by mctraderon May 25, 2023 10:14am

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Post# 35463593

Q1 2023 is out.

Q1 2023 is out and what stood out for me was the following:

Oil production resumed in late Q1 2023, however production will be shut-in when workover operations are active at site.
And:
Management decided to move forward with a solution that is expected to be completed in Q2 2023.

Which should be the end of next month.