ACCELEWARE LTD (AXE.CA)

Company Profile

Acceleware Ltd.is a clean-tech company, which engages in the development of heavy oil and oil sands production technology based on radio frequency. The company is headquartered in Calgary, Alberta and currently employs 15 full-time employees. The company went IPO on 2005-04-06. The firm has two business units: Radio Frequency Heating Technology and Seismic Imaging Software. Its segments include High-Performance Computing (HPC) and RF Heating. Its HPC segment sells proprietary high-performance computing software and related consulting services and training programs primarily to the oil and gas industry. The RF Heating segment is engaged in research, development, and commercialization activities related to the Company’s proprietary enhanced heavy oil and oil sands production technology. The company is focused on developing RF XL, a patented low-carbon production technology for heavy oil and oil sands. Its RF XL technology eliminates greenhouse gas (GHG) emissions associated with heavy oil and oil sands production. Its seismic imaging software solutions are for high fidelity imaging, providing the advanced imaging available for oil exploration in complex geologies.

Company Info

ACCELEWARE LTD

435 10th Avenue SE

Calgary ALBERTA T2G 0W3

P: 14032499099

CEO: Geoffrey Clark

Employees: 15

Website: https://www.acceleware.com/