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.

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Acceleware Ltd > New funding

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Comment by ztransforms173on Nov 05, 2023 10:51am

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Post# 35718271

RE:New funding

retry:

- it is the SAME NON-PROFIT ORGANIZATION mentioned in the AXE Q2/2023 MD@A report

- MAX FUNDING is $ 3 million so NO NEW FUNDING possible with CRIN

***

Website https://www.cleanresourceinnovation.com/ Industry Oil and Gas

Company size: 2-10 employees

Headquarters: Calgary, Alberta

Type: Nonprofit

Founded: 2017

***

- the FIRST CLAIM on CRIN was MADE in August 2023 so AXE either RECEIVED or is SHORTLY GOING to RECEIVE the amount which hopefully can REPAY a SUBSTANTIAL PART or ALL of the SECURED DEBT PAYABLE on NOVEMBER 30,2023

- it is NICE that Acceleware was ABLE TO CONVINCE CRIN that RF XL is a WORTHY project to ADVANCE

- it is STRANGE that AXE did NOT MENTION CRIN by name in the MD&A

z173