An update from Acceleware ( (TSE:AXE) ) is now available.
Acceleware Ltd. reported significant financial growth for the year ended December 31, 2024, with revenues increasing substantially compared to the previous year. The company is advancing its RF XL pilot project in Marwayne, Alberta, which aims to decarbonize heavy oil and oil sands production. Despite a temporary shutdown for component upgrades, Acceleware remains confident in the technology’s potential. The company has secured partial funding for the next phase of the project and is actively seeking additional financial support to enhance the commercial viability of its RF XL technology.
More about Acceleware
Acceleware Ltd. is a leading innovator in transformative technologies focused on decarbonizing industrial process heat. The company operates two main business units: radio frequency (RF) heating for industrial applications, including enhanced oil recovery through its proprietary Clean Tech Inverter (CTI), and scientific high-performance computing (HPC).
YTD Price Performance: -37.50%
Average Trading Volume: 24,592
Technical Sentiment Signal: Strong Buy
Current Market Cap: C$8.88M
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