Core Viewpoint - Acceleware Ltd. is advancing its RF power-to-heat technologies aimed at enhancing oil production, improving energy efficiency, and reducing greenhouse gas emissions, with a focus on the RF XL 2.0 system and its commercial viability [1][4][21]. Financial Highlights - For Q2 2025, Acceleware reported revenue of $201,523, a significant decrease from $2,012,047 in Q2 2024, and a comprehensive loss of $714,148 compared to a comprehensive income of $1,263,914 in the same period last year [2][10][11]. - R&D expenditures for Q2 2025 were $266,595, up from $140,205 in Q2 2024, reflecting ongoing development efforts for RF XL 2.0 and other technologies [2][12]. RF XL 2.0 Development - The RF XL 2.0 design is finalized and ready for manufacturing, with an estimated cost of $5 - $6 million for the pilot phase, which aims to enhance oil production through improved subsurface energy delivery [3][4]. - The new design is expected to reduce per well capital costs by approximately 30% compared to the previous RF XL system, while also simplifying deployment and enhancing safety [2][3]. Strategic Initiatives - Acceleware is exploring opportunities to acquire heavy oil properties to deploy RF XL 2.0 as a secondary recovery method, which could improve production and asset valuation [5]. - The company has developed a focused investment strategy that includes critical minerals heating and drying, alongside RF XL 2.0, and is in discussions for further funding [6][7]. Cash Flow and Capital Management - As of June 30, 2025, Acceleware reported negative working capital of $4.2 million, indicating challenges in cash flow management [19]. - The company is actively managing its cash flow through operational initiatives and external funding efforts to support ongoing R&D and technology development [20].