Acceleware Ltd.
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in mil. unless spec.Company Description
- CEO
- Geoffrey Clark
- Full Time Employees
- 13
- Sector
- Distribution services
- Industry
- Electronics distributors
- Address
- 1900, 520 – 3rd Avenue SW Calgary AB Canada T2G 0W3
- IPO Date
- Apr 6, 2005
- Website
- acceleware.com
- Similar Companies
- Business
- Acceleware Ltd. (TSX-V: AXE) develops clean-tech radio frequency (RF) heating technologies and high-performance seismic imaging software for the energy sector. The company offers RF XL, a patented low-cost, low-carbon thermal enhanced oil recovery solution for heavy oil and oil sands production that eliminates water use and achieves near-zero Scope 1 and 2 GHG emissions; Clean Tech Inverter (CTI), an advanced RF power-to-heat platform for decarbonizing industrial processes including amine regeneration for carbon capture, critical minerals drying such as potash, and other combustion-intensive applications like mining, cement, steel, agriculture, and clean fuels; and seismic imaging products comprising AxRTM for reverse time migration, AxWave for forward modeling, and AxFWI for full waveform inversion, leveraging GPU acceleration for complex geologies. Founded in 2004 and headquartered in Calgary, Alberta, Canada, Acceleware operates primarily in North America with a commercial-scale RF XL pilot ongoing at Marwayne, Alberta, targeting global heavy oil markets, oil sands producers, and industrial decarbonization sectors. Recent developments include launching a transformative 2025 strategic plan in June to shift from R&D to cash flow generation via RF XL 2.0 redeployment, new RF heating commercialization in critical minerals and carbon capture, and potential asset acquisitions; closing the first tranche of a non-brokered private placement in July 2025 raising $791,334 with extensions into September for RF XL 2.0 funding and general purposes; announcing board appointments in June 2025; entering a strategic collaboration and distribution agreement with Scovan; securing $1.31 million in non-dilutive funding from Clean Resource Innovation Network; and joining the MICA Network to advance sustainable mining practices with EM Powered Heat solutions.
Company News
Acceleware Ltd. Reports Second Quarter 2026 Financial and Operating Results
Acceleware Awarded $2 Million in Non-Dilutive Funding
Acceleware Ltd. Announces Acquisition of Mannville Stack Heavy Oil Assets
Acceleware Ltd. Reports First Quarter 2026 Financial and Operating Results
Acceleware Ltd. Enters into Second Farm-In Agreement in Saskatchewan Mannville
Acceleware Announces Closing of Second Tranche of Issuance of Replacement Debentures
Acceleware Announces Closing of Shares for Debt Transaction and First Tranche of Issuance of Replacement Debentures
Acceleware Selected to Participate in Trade Mission to Australia and Indonesia
Acceleware Ltd. Reports Fourth Quarter 2025 Financial and Operating Results
Acceleware Announces Proposed Debenture Restructuring
Acceleware Secures Next Phase Contract for Mineral Drying Project with Saskatchewan's International Minerals Innovation Institute
Acceleware Ltd. Enters into Farm-In Agreement in Saskatchewan Mannville
Acceleware Ltd. Announces Feasibility Studies for BHP
Acceleware Ltd. Reports Third Quarter 2025 Financial and Operating Results
Acceleware Announces Participation in the MICA Conference & Innovation Showcase 2025: Mining's New Frontiers
Acceleware Ltd. Announces Participation in the Schachter Catch the Energy Conference
Acceleware to Present at the 2025 Cantech Investment Conference in Toronto
Acceleware Ltd. Announces Closing of Second Tranche of Non-Brokered Private Placement
Acceleware Ltd. Announces Additional Extension of Private Placement Financing
Acceleware Ltd. Reports Second Quarter 2025 Financial and Operating Results