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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

Comment by Malton1on Nov 05, 2023 1:08pm
115 Views
Post# 35718392

RE:RE:New funding

RE:RE:New fundingWhile previously announced it is still new money and it is very nice to see it made official.
In addition I think we are going to see substantial contributions from our partners going forward.  I believe this will be made up in both monetary and practical help as we move forward and continue to upgrade.

We may have underestimated the amount of interest coming from the potash (mining) and food sectors.  My opinion is that they will of course continue to refine their tech for successfully implementation in the oil sector but we will see quicker movement coming from mining and food.
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