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 > QUITTER Oil Sands Major TERMINATED TDPA & SAVED $ 1 Million

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Comment by ztransforms173on Aug 16, 2024 7:02pm

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Post# 36183649

RE:QUITTER Oil Sands Major TERMINATED TDPA & SAVED $ 1 Million

CORRECTION:

- major oil sands company #2 (Y) SAW a WAY to SAVE $ 1 million and TERMINATED the TDPA

* $ 1 million in CASH & SERVICES including $ 50,000 in DATA REVENUES

* while ALL the milestones were NOT REACHED due to the RF XL FAILURE, the CONTRACT WAS TERMINATED and the revenues WILL BE RECOGNIZED in Q3/2024

z173

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