CALGARY, Alberta, Nov. 26, 2025 (GLOBE NEWSWIRE) -- Acceleware® Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE) announces financial and operating results for the three and nine months ended September 30, 2025. This news release should be read in conjunction with the Company’s unaudited interim condensed financial statements and the accompanying notes for the nine months ended September 30, 2025, and management’s discussion and analysis (“MD&A”) thereto, together with the audited financial statements for t ...

Company Overview - Acceleware Ltd. is a leading innovator in radio frequency (RF) power-to-heat technologies, focusing on applications such as process heat for critical minerals, amine regeneration for carbon capture, and enhanced oil production [1][3]. - The company is publicly listed on the TSXV under the trading symbol "AXE" [5]. Conference Participation - Acceleware will participate in the Cantech Investment Conference on October 9, 2025, in Toronto, showcasing its EM Powered Heat platform [1][2]. - The conference serves as a key forum for discussing sector trends, growth strategies, and market opportunities, bringing together technology companies and the investment community [2][6]. Strategic Focus - The company's strategic plan aims to improve economics and production outcomes for heavy oil extraction, critical minerals drying, and carbon capture, which is expected to drive meaningful revenue growth [3]. - Acceleware is working on enhancing the efficiency of amine regeneration using its patented Clean Tech Inverter and has partnered with a consortium to decarbonize potash ore drying [4]. Technology and Innovation - Acceleware's RFXL technology is a patented low-cost, low-carbon RF thermal enhanced oil production method that differs significantly from existing enhanced recovery techniques [5].

Core Viewpoint - Acceleware Ltd. has successfully closed the second tranche of a non-brokered private placement, raising a total of $209,000, contributing to overall gross proceeds of $1,000,334.20 from both tranches, aimed at advancing its RF heating technologies and general corporate purposes [1][4]. Group 1: Private Placement Details - The second tranche involved the distribution of 2,090,000 Units at a price of $0.10 per Unit [1]. - Each Unit consists of one common share and one warrant, with the warrant allowing the purchase of one common share at an exercise price of $0.20, expiring 24 months from issuance [2]. - A total of 10,003,342 Units have been distributed across both tranches [1]. Group 2: Use of Proceeds - Proceeds from the private placement will fund the RF XL 2.0 redeployment plan, advance commercialization of RF heating applications, and support general corporate purposes [4]. Group 3: Insider Participation - Insiders purchased 720,000 Units in the second tranche, totaling 2,020,000 Units across both tranches, qualifying as a related party transaction [5]. - The company relied on exemptions from formal valuation and minority approval requirements based on the fair market value of the Private Placement not exceeding 25% of its market capitalization [5]. Group 4: Company Overview - Acceleware is an advanced electromagnetic heating company focused on RF power-to-heat solutions for industrial applications, aiming to electrify and decarbonize process heat applications while reducing costs [6]. - The company is developing its patented Clean Tech Inverter to enhance amine regeneration efficiency and is collaborating with potash partners to decarbonize drying processes [7]. - Acceleware's RF XL technology is a low-cost, low-carbon solution for enhanced oil production, differing significantly from existing recovery techniques [8].

Core Viewpoint - Acceleware Ltd. is advancing its non-brokered private placement to fund its RF power-to-heat technologies, with a focus on critical minerals and carbon capture applications [1][2]. Group 1: Private Placement Details - The TSX Venture Exchange has extended the closing date for additional tranches of the private placement from September 1, 2025, to September 5, 2025 [1]. - The first tranche closed on July 31, 2025, raising total gross proceeds of $791,334.20 [2]. - Each unit in the private placement consists of one common share and one common share purchase warrant, with an exercise price of $0.20 for 24 months [3]. Group 2: Use of Proceeds - Proceeds from the private placement will be allocated to the RF XL 2.0 redeployment plan, commercialization of new RF heating applications, and general corporate purposes [2]. Group 3: Insider Participation - Insiders purchased a total of 1,300,000 units in the first tranche and may participate in subsequent tranches, classifying the private placement as a related party transaction [4]. Group 4: Company Overview - Acceleware specializes in RF power-to-heat technologies aimed at decarbonizing industrial processes and reducing costs [5]. - The company is developing its patented Clean Tech Inverter to enhance amine regeneration efficiency and is collaborating with potash partners to decarbonize drying processes [6]. - Acceleware's RF XL technology is a low-cost, low-carbon solution for enhanced oil production, differing significantly from existing recovery techniques [7].

Core Points - Acceleware Ltd. has completed shares for debt transactions to settle $186,337 in trades payable, management fees, and interest on convertible debentures by issuing up to 1,863,375 Units at a deemed price of $0.10 per Unit [1][4] - Each Unit consists of one common share and one common share purchase warrant, with the warrant allowing the purchase of a common share at $0.20 for 24 months [2] - Insiders received 313,000 Units in these transactions, qualifying as a related party transaction under MI 61-101, with exemptions from formal valuation and minority shareholder approval [3] Financial Details - The proceeds from the Shares for Debt Transactions will be used to fund the RF XL 2.0 redeployment plan, advance commercialization of RF heating applications, and for general corporate purposes [4] - The Company is focused on improving efficiency in amine regeneration and has partnered with potash industry leaders to decarbonize drying processes [6] Company Overview - Acceleware is an advanced electromagnetic heating company specializing in RF power-to-heat solutions for industrial applications, aiming to electrify and decarbonize process heat while reducing costs [5] - The RF XL technology is a patented low-cost, low-carbon solution for enhanced oil production, differing significantly from existing recovery techniques [7]

Core Viewpoint - Acceleware Ltd. is advancing its non-brokered private placement to fund its RF power-to-heat technologies, with a focus on critical minerals and carbon capture applications [1][2]. Group 1: Private Placement Details - The TSX Venture Exchange has extended the closing date for additional tranches of the private placement to September 1, 2025 [1]. - The first tranche closed on July 31, 2025, raising total gross proceeds of $791,334.20 [2]. - Each unit in the private placement consists of one common share and one warrant, with the warrant exercisable at $0.20 for 24 months [3]. Group 2: Insider Participation - Insiders purchased a total of 1,300,000 units in the first tranche and may participate in subsequent tranches, classifying the private placement as a related party transaction [4]. - The company is relying on exemptions from formal valuation and minority shareholder approval requirements under MI 61-101, as the fair market value does not exceed 25% of the company's market capitalization [4]. Group 3: Company Overview and Technology - Acceleware specializes in RF power-to-heat solutions aimed at decarbonizing industrial processes and reducing costs [5]. - The company is developing its Clean Tech Inverter to enhance the efficiency of amine regeneration and has partnered with potash producers to decarbonize drying processes [6]. - Acceleware's RF XL technology is a low-cost, low-carbon solution for enhanced oil production, differing significantly from existing recovery techniques [7].

Core Viewpoint - Acceleware Ltd. has successfully closed the first tranche of a non-brokered private placement, raising a total of $791,334.20 through the issuance of 7,913,342 units at a price of $0.10 per unit, with plans for additional tranches in the future [1][4]. Group 1: Private Placement Details - Each unit consists of one common share and one common share purchase warrant, with the warrant allowing the holder to acquire one common share at an exercise price of $0.20, expiring 24 months from issuance [2]. - The common shares and warrants issued will be subject to a four-month hold period, expiring on December 2, 2025, in accordance with securities legislation [3]. - Insiders purchased a total of 1,300,000 units in the private placement, which is classified as a related party transaction, and the company relied on exemptions from formal valuation and minority approval requirements [5]. Group 2: Use of Proceeds - The proceeds from the private placement are intended to fund a portion of the RF XL 2.0 redeployment plan, advance commercialization of new RF heating applications, and support general corporate purposes [4]. Group 3: Company Overview - Acceleware is an advanced electromagnetic heating company specializing in RF power-to-heat solutions for large industrial applications, aiming to electrify and decarbonize industrial process heat while reducing costs [6]. - The company is developing its patented Clean Tech Inverter to enhance the efficiency of amine regeneration and is collaborating with a consortium to decarbonize potash ore drying and other critical minerals [7]. - Acceleware's RF XL technology is a patented low-cost, low-carbon solution for enhanced oil production, differing significantly from existing recovery techniques [8].

Core Viewpoint - Acceleware Ltd. has announced a transformative strategic plan aimed at establishing the company as a revenue-generating and cash-flowing enterprise, with a focus on enhancing profitability and shareholder value [2][4]. Group 1: Strategic Plan Overview - The strategic plan has been developed by management and approved by the board of directors, with expectations to drive profitability and long-term stability [2]. - The plan emphasizes strengthening revenue generation and improving economic performance, targeting new market and client commitments [2]. - Key components of the plan include a focused investment strategy, RF XL commercialization, and a shift from research and development to cash flow generation [4]. Group 2: Financing and Investment Strategy - Acceleware intends to secure funding for high-potential applications to support near-term revenue and long-term growth, while strengthening the balance sheet [4]. - The company is considering strategic restructuring options to maximize capital investment for surface applications, particularly in amine regeneration and critical minerals heating [4]. Group 3: RF XL Commercialization - Acceleware is looking to acquire additional production rights to heavy oil assets in western Canada and deploy RF XL as an enhanced oil recovery method [4]. - The new RF XL V2.0 design aims to eliminate water ingress, simplify deployment, and reduce per well capital costs by approximately 30% compared to the previous version [4]. Group 4: Growth and Culture - The plan includes aggressive initiatives to align teams with business growth objectives, transitioning the company's focus towards cash flow generation [4]. - The management team is committed to executing the plan and anticipates significant progress in the coming months [2]. Group 5: Technological Advancements - Acceleware is utilizing its patented Clean Tech Inverter to enhance the efficiency of amine regeneration and is collaborating with partners to decarbonize potash ore drying [5]. - The company is actively developing additional process heat applications and partnerships for RF heating [5].