|Bid||0.1600 x 0|
|Ask||0.1700 x 0|
|Day's Range||0.1750 - 0.1750|
|52 Week Range||0.0500 - 0.1900|
|Beta (5Y Monthly)||1.71|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Acceleware® Ltd. (“Acceleware” or the “Company”) (AXE.V), a leader in the development of technologies enabling low-cost and environmentally-friendly extraction of heavy oil and bitumen, today provides an operational and corporate update on the Company’s recent activities, including the successful completion of a 500 kW field test of its prototype Radio Frequency (“RF”) converter designed in collaboration with GE Research (“GE”). This converter will be utilized in the Company’s commercial-scale test of its patented and patent-pending RF XL Heating technology (the “Project”) at a site in the Cold Lake Oil Sands region near the town of Marwayne, Alberta.
Acceleware® Ltd. (“Acceleware” or the “Company”) (AXE.V), an innovator and leading developer of transformational clean-tech energy technologies, is pleased to announce the appointment of Ms. Caralyn Bennett of GLJ Petroleum Consultants (“GLJ”), a leading energy resource consulting firm, to the Company’s Board of Directors effective June 22, 2020. Ms. Bennett is Executive Vice President and Chief Strategy Officer of GLJ, where she specializes in reserves and resource governance, emerging technology, energy diversification, business collaboration and strategy.
Acceleware® Ltd. (“Acceleware” or the “Company”) (AXE.V), an innovator and leading developer of transformational clean-tech energy technologies, today announced its financial and operating results for the three months ended March 31, 2020 (all figures are in Canadian dollars unless otherwise noted). Acceleware’s first quarter results reflect contributions from the Company’s two business units, comprised of radio frequency heating technology (“RF Heating”) which supports cost-effective and environmentally friendly extraction of heavy oil and bitumen through its proprietary RF XL heating technology, along with high-performance scientific computing applications (“HPC”). This news release should be read in conjunction with the Company’s unaudited interim condensed financial statements, the accompanying notes for the three months ended March 31, 2020, and management’s discussion and analysis (“MD&A”) thereto, together with the audited financial statements for the year ended December 31, 2019, notes and MD&A thereto, all of which are available on Acceleware’s website at www.acceleware.com or on SEDAR at www.sedar.com.