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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 ScarletSpideron May 25, 2023 10:35am
122 Views
Post# 35463668

RE:Q1 2023 is out.

RE:Q1 2023 is out.Yes those are the 2 that stuck out to me too...the oil production if i am reading things right and understanding it right is sn increase in revenue and if yes that is key 

And the workover as you simply stated should be finally finished in June simply put vs my long winded post

Overall i saw a strengthening of balance sheet where i am weighing it more on oil sale vs software which isnt very much and typically isnt however the company uses software and process jointly and that will be a powerful money maker software itself i am not too sure

There were also cut costs because a lot of the start ones have been taking care of and to be expected nominal revenue otherwise because the ficus at least right now is on Mayrne before other projects may get going so with heating paused no revenue outside the oil sale and nominal software sales that is to be expected as is less costs because there isca stall other than the equipment which is needed

So the oil increase in revenue is actually somethinh that sticks out clearly and i am very pleased with that. I expect quite a bit better with the heat cycles and yes keeping in mind the fluctuating prices and theoretically more oil flow in the higher heat cycle and some if rest between the phases which may or may not happen i dont know if it will be phase one 50 percent then directly phase two full power or a resting period in between i dont know if they will test what happens one phase directly to the next to see what happens deliberately and if things need a break or give a break? Going directly will allow the company to take note how far it can go before there is a danger of mechanical problems but having resting in between may not give that key data set so doing things that can cause stress is important so companues know. Maybe with resting they can extrapolate data. It is important to test max strain as much as i may not like if the parts wear out again but that is essential info..

Lets see how things go. Looking good at least i dont have anything to bark about right now in so far as the process the share value will shape up way better as things continue to progress.
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