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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 18, 2023 7:25pm
156 Views
Post# 35595810

Holdbacks RECEIVABLES Are Now At $ 4.9M (Milestone RELEASED)

Holdbacks RECEIVABLES Are Now At $ 4.9M (Milestone RELEASED)Q2/2023 MD&A:

The remaining cash committed but not yet received from SDTC, ERA, and a Canadian not-for-profit corporation including holdbacks receivable was $3.5 million as at June 30, 2023 (December 31, 2022 – $1.0 million receivable from SDTC, ERA and Alberta Innovates) and amounts committed but not yet received or receivable from three major oil-sands producers were $1.4 million as at June 30, 2023 (December 31, 2022 – $1.4 million).

- already MADE CLAIMS on NEW $ 3 million NON-PROFIT MILESTONE-BASED CASH REIMBURSEMENT finacing

Subsequent to June 30, 2023, Acceleware submitted the first claim for reimbursement under the new $3 million funding arrangement noted above. No amounts have been received as of August 17, 2023. 

- WHO is this non-profit organization ?

z173


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