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 ...

Core Insights - Acceleware Ltd. will present its EM Powered Heat solutions at the MICA Conference & Innovation Showcase 2025, highlighting its potential to transform the mining industry [1][2] - The conference aims to connect industry leaders, investors, and innovators to explore technologies that enhance productivity, sustainability, and safety in mining [2][3] Company Overview - Acceleware is an advanced electromagnetic heating company specializing in RF power-to-heat solutions for large industrial applications, focusing on electrifying and decarbonizing industrial process heat [4][5] - The company has partnered with a consortium of potash partners to decarbonize the drying process of potash ore and other critical minerals [5] Industry Engagement - Acceleware has been actively participating in global mining conferences, including PDAC 2025 and CIM Connect, to promote its EM Powered Heat technology [3] - The MICA Conference will feature 12 innovative mining-technology companies, showcasing advancements that propel the industry forward [2]

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 Insights - Acceleware Ltd. has appointed three new senior executive advisors to its Advisory Board to enhance its strategic direction and commercialization efforts [1][2][3] Advisory Board Update - The new members of the Advisory Board are Juan Benitez, Jason de Jong, and Ryan Cross, who join returning members Cal Coulter, Sean David, and Don Verdonck [2] - Former members John Howard, Jeff Reading, and Chad Robinson have stepped down but will assist in the transition [2] Executive Insights - CEO Geoff Clark expressed gratitude for the contributions of former advisors and emphasized the importance of the new appointments in driving shareholder value and accelerating technology commercialization [3] About the Appointees - Juan Benitez has extensive experience in strategic partnerships and technology commercialization in the energy sector, having worked at Cenovus Energy and BDC Capital [4] - Jason de Jong has a background in thermodynamics and energy decarbonization, with experience in oil and gas production and technology evaluation [5] - Ryan Cross brings over 30 years of experience in energy and clean technology, focusing on carbon capture and renewable energy [6] Stock Options Grant - Acceleware has granted stock options to acquire up to 1,445,000 common shares at an exercise price of $0.09, expiring on September 12, 2030 [7] - The options will vest in two tranches: 722,500 shares on the first anniversary and 722,500 shares on the second anniversary of the grant date [8] - The stock option plan allows for a total of 13,044,026 common shares to be reserved, with 11,007,466 shares currently reserved under options outstanding [8] Company Overview - Acceleware specializes in advanced electromagnetic heating technologies, focusing on RF power-to-heat solutions for industrial applications [9] - The company aims to electrify and decarbonize industrial process heat applications while reducing costs [9] - Acceleware is developing its patented Clean Tech Inverter to improve amine regeneration efficiency and is collaborating with potash partners to decarbonize drying processes [10] - The company also offers RFXL, a low-cost, low-carbon RF thermal enhanced oil production technology [10]

Core Insights - Acceleware Ltd. is advancing its RF XL technology, introducing RF XL 2.0, aimed at enhancing oil recovery while decarbonizing the process [1][2][4] - The company is seeking funding for a commercial-scale demonstration project to showcase RF XL's capabilities in heavy oil reservoirs, particularly in the Lloydminster area [4][5] Technology Development - RF XL technology utilizes radio frequency heating to improve oil recovery, potentially reducing costs and increasing recovery factors compared to traditional enhanced oil recovery methods [2][7] - The RF XL deployment at Marwayne progressed from Technology Readiness Level (TRL) 4 to TRL 8, with the Clean Tech Inverter (CTI) reaching TRL 9, demonstrating significant advancements in the technology [3][4] Funding and Support - A previously announced non-dilutive grant of $1.31 million was withdrawn due to timing constraints, but the company is pursuing multiple funding opportunities from provincial and federal agencies [4] - Industry support has been confirmed for the new sub-surface energy delivery system, which incorporates several technical advancements over the previous RF XL design [8] Strategic Vision - The CEO of Acceleware emphasized the dual potential of RF XL 2.0 to economically increase oil production while contributing to decarbonization efforts, aligning with Canada's goals as a G7 energy innovator [5] - The company is also focusing on improving efficiency in amine regeneration and has partnered with potash industry leaders to decarbonize critical mineral processing [6]