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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 ztransforms173on Aug 02, 2023 6:32pm
228 Views
Post# 35570060

Basically, IMII Asked AXE To SCALE Potash DRYING Project

Basically, IMII Asked AXE To SCALE Potash DRYING Project

The IMII is ramping up consideration of new energy-related technologies on behalf of its minerals industry members. With the success of the Exploring Innovations project, IMII has announced that they have invited Acceleware to submit a proposal for subsequent project phases which could lead to the development of a CTI commercial scale drying platform with lower capital and operating costs than fossil fuels, alongside much lower greenhouse gas (GHG) emissions levels.

- so the small-scale RADIO-FREQUENCY HEATING of potash IDEA WORKS (CTI source of RADIATED EMISSIONS) but now they have to DESIGN, CONSTRUCT and OPERATE bigger and better plants for this new CO2 reduction emssion technology {assuming a GREEN GRID GENERATION of power} to be COMMMERCIALLY PROVEN and APPLIED to the potash industry 

- this is a MAJOR STEP FORWARD for Acceleware as this GIVES THEM COMMERCIAL TRACTION that so far the RFXL project at Marwayne has NOT DONE

- UNFORTUNATELY, this new industry development will REQUIRE NEW CAPITAL to actually get a TEAM TOGETHER with possible outside consultants to DILIGENTLY ENGINEER the potash drying PROCESS PLANT

* sure, the CTI-related stuff will be handled INTERNALLY by Acceleware but they will have to get OUTSIDE talent to design the rest of the physical plant

* so far, we do NOT know if IMII is willing to PUT UP SEED CAPITAL for this NEW PHASE of the project or maybe some GOVERNMENT GRANT MONEY IS AVAILABLE

- one thing is for CERTAIN and that this EXCITING new project will REQUIRE NEW RESOURCES that AXE must TAP to BRING THIS PROJECT FORWARD

z173

 

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