Acceleware to Present at the 2025 Cantech Investment Conference in TorontoOctober 02, 2025 8:52 AM EDT | Source: Cantech LetterCalgary, Alberta--(Newsfile Corp. - October 2, 2025) - Acceleware® Ltd. (TSXV: AXE) ("Acceleware" or the "Company") is pleased to announce its participation in the Cantech Investment Conference on Thursday, October 9th in Toronto. Acceleware is a leading innovator of cutting-edge radio frequency (RF) power-to-heat technologies targeting process heat for critical minera ...

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]