Acceleware Ltd V.AXE

Intelligent Electric Heating (IEH)

[blitzer2]

Geoff mentioned in his last  email communication that went out after the NR this morning that
going forward, we will see Acceleware using a new term, "Intelligent Electric Heating (IEH)."

IEH describes the optimization approach that they will use in the electrification of large-scale
industrial heating applications. They are very excited about further fleshing out this work, and
will share more details in coming months.

There was also a link to a new information sheet they produced, it's a long link hope it works:
https://acceleware.b-cdn.net/media/attachments/2023/06/07/rf_energy_for_industrialscaleheating_2023.06.pdf?utm_source=Investor+Relations&utm_campaign=f734f252fd-EMAIL_CAMPAIGN_2023_06_07_02_06&utm_medium=email&utm_term=0_-f734f252fd-%5BLIST_EMAIL_ID%5D

On that sheet they refer to the size of the potential market to electrify heat production
for industrial processes which apparently, according to Michael Liebreich, is the next half-trillion dollar market.

https://about.bnef.com/blog/liebreich-the-next-half-trillion-dollar-market-electrification-of-heat/?utm_source

Yes today's NR has understandably caused some gyrations of anger and negative speculations
with some. I am disappointed too of course with more wait times. However, it may have helped, (certainly with me anyway) by taking a little more time today to reflect and better understand
beside the RF XL pilot project and from that technology, many new and exciting initiatives have transpired to expand the wide reach of the CTI technology into many new markets.
All this giving a much broader and positive perspective on the big picture here with AXE.

But of course, that's just my opinon.

[ScarletSpider]

Thanks for sharing Blitzer2. Without a doubt there is huge potential here and this article highlights that and how the tech can be applied to various sectors. It is really good when people are excited and have a passion for what they do because over time regardless of when it ineviatably resuts in sucess.