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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.


TSXV:AXE - Post by User

Acceleware Ltd > WOW: Up To $ 3M CASH GRANT On RFXL If Milestones ACHEIVED
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Post by ztransforms173on Aug 18, 2023 5:30pm
163 Views
Post# 35595651

WOW: Up To $ 3M CASH GRANT On RFXL If Milestones ACHEIVED

WOW: Up To $ 3M CASH GRANT On RFXL If Milestones ACHEIVED :
  • Subsequent to June 30, 2023, Acceleware signed an agreement with a Canadian not-for-profit corporation providing non-dilutive, non-repayable financing of up to $3-million for the RF XL pilot. The financing will be paid upon completion of certain milestones and is reimbursement for costs incurred between Jan. 1, 2022, and March 31, 2024.

- this is FANTASTIC NEWS if the PROJECTED Marwayne RF XL MILESTONES are ACTIVELY REACHED

- holy moly, ONLY $ 100,000 CASH ON HAND on June 30,2023

https://www.stockwatch.com/News/Item/Z-C!AXE-3446154/C/AXE

z173
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