Acceleware Ltd V.AXE

New funding

[L.A.]

Axe secures 3 million in funding from the CRIN (Clean Resource Inovation Network)

The following projects have been identified for funding, highlighting the diverse range of innovations and their potential to drive progress within the energy sector:

Lead Applicant	Project Title	Funding from CRIN
3P Technology Corp.	3P Technology's Stationary Seismic Monitoring	$100,000
Acceleware Ltd.	Electromagnetic Heating Technology (using radio waves) to Heat and Mobilize Heavy Oil and Bitumen	$3,000,000
AIRMarket Inc.	Energy UTM Trials Extension	$1,700,000
Arolytics Inc.	Development and Demonstration of an Integrated Emissions Management Platform	$400,000
Calscan Energy Ltd.	Tank Methane Emissions Mitigation with Calscan Hydrocyclone	$45,000
Cnergreen Corp.	Testing Nanoparficle-Based Foam Technology to Improve the Efficiency of CO2 Enhanced Oil Recovery and CO2 Storage	$900,000
COPSYS Technologies Inc.	Intelligent Digital Skin Tech Qualification & Pilot	$800,000
Enaimco Management Ltd.	Terra Nova Pilot Project	$550,000
G4 Insights Inc.	G4 PCH Reactor Scale Up Validation	$300,000
General Energy Recovery Inc.	Co-Injecting Steam & Combustion Gases	$1,574,000
GRU Organics	CSV Midstream Waste Heat Vertical Farm	$248,000
Hydron Energy Inc.	Waste to Fuel: Accelerating Commercialization of the Lowest Cost & Smallest Scale Novel Biogas-to-RNG Upgrading System	$602,000
Ionada Incorporated	Modular Membrane Decarbonization	$2,000,000
Kinitics Automation Limited	Kinitics Valve Actuator for Gas Producers	$185,000
St. Francis Xavier University	Flare Tip Combustion Efficiency Monitoring Using Drones for Methane Detection	$225,000
Standing Wave Reformers Inc.	A New Wave In Hydrogen Production	$600,000
Tourmaline Oil Corp.	Easy Storage and Smart Engine Management System	$1,000,000
University of British Columbia	Deployment of Low-Cost, Low Emission Hydrogen Plant from Natural Gas Pyrolysis	$1,250,000
University of Regina	Development Of an Integrated Mobile System (MMS) for Methane Utilization and Produced-Water Treatment	$596,000

[Whampoa]

Everyone is probably frantically googling for the source that you probably were to excited to include in your post,  ht tps://financialpost.com/globe-newswire/crin-funds-an-additional-nineteen-projects-through-the-oil-gas-technology-competitions CALGARY, Alberta, Nov. 03, 2023 (GLOBE NEWSWIRE) — Clean Resource Innovation Network (CRIN)   The Clean Resource Innovation Network

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- it is the SAME NON-PROFIT ORGANIZARTION 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 Source: https://www.linkedin.com/company/crin/ ***

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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

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Source: https://www.linkedin.com/company/crin/ z173

[Malton1]

While 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

[MisterK25]

According to the Q2 MD &A statement, sometime after June 30 ( and before release on August 18 ), AXE applied for a CRIN grant "of up to 3 million $"....final figure unknown.  Fridays announcement by CRIN makes it official that AXE will receive the full 3 mil. This certainly sounds like new funding to me ! It's also a vote of confidence that AXE received the largest sum of