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. 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. The company is piloting RF XL, its patented low-cost, low-carbon EM thermal production technology for heavy oil and oil sands. The company 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. The company is actively developing partnerships for EM heating of other industrial applications in mining, steel, agriculture, cement, hydrogen and other clean fuels.

Company Info

ACCELEWARE LTD

435 10th Avenue SE

Calgary ALBERTA T2G 0W3

P: 14032499099

CEO: Geoffrey Clark

Employees: 15

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