Acceleware (TSE:AXE) has released an update.
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Acceleware Ltd., a leader in industrial decarbonization technologies, reported its Q1 2024 financial results, with revenues down from the previous year and a comprehensive loss. The company is progressing with its RF XL Pilot for industrial heating solutions and has secured Phase 2 of a potash ore drying project, aiming to prove the efficacy of its radio frequency technology. Acceleware is currently seeking an additional $5 million to fund the next phase of its RF XL Pilot project.
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