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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 ! 1 ONE Of The 3 MAJOR Oil Sands Firms WALKED OUT !
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Comment by L.A.on Aug 16, 2024 6:20pm
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Post# 36183606

RE:WOW ! 1 ONE Of The 3 MAJOR Oil Sands Firms WALKED OUT !

RE:WOW ! 1 ONE Of The 3 MAJOR Oil Sands Firms WALKED OUT !Just a hunch but I suspect it was Suncor that backed out. Ever since they hired Rich Kruger he has been cutting cost and R&D expenses. He also took some heat when he announced they were scaling back on climate reduction initiatives. When he was CEO of Imperial he didn't seem interested in this technology. I think Cenovus and mystery company #3 ( suspect it might be either Conoco or CNR) will be interested in moving forward.

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