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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 Whampoaon Oct 10, 2023 2:44pm
189 Views
Post# 35677490

Andrew Gillis declared this about AXE

Andrew Gillis declared this about AXE
Geoff Clark, CEO of Acceleware said, “we are very excited to be working with the Aurora team. This collaboration is a great opportunity to advance Acceleware’s vision of decarbonization at a global scale. Together, we see terrific potential for the CTI to improve the efficiency of the Aurora reactor while also establishing a fast-track to scale up industrial hydrogen production.”
 
“Aurora is very pleased to be working with Acceleware on developing what we believe could become the most efficient, scalable, and flexible hydrogen production process in the world,” said Andrew Gillis, CEO of Aurora Hydrogen. “We see great potential for the CTI to help us achieve these goals even sooner than anticipated and look forward to next steps.”

This was well before the Alberta Innovates' $2mm grant to AXE and Aurora in Feb 2023

https://www.acceleware.com/press-releases/2022/acceleware-announces-cti-collaboration-with-aurora-hydrogen.html
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