Acceleware Selected for Rice Alliance Energy Forum
Acceleware Invited to Pitch at Energy Tech Venture Forum
CALGARY, Alberta -- Acceleware Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading innovator of transformative technologies targeting the decarbonization of industrial process heat, has been selected to pitch at the 21st Annual Rice Alliance Energy Tech Venture Forum, which is an anchor event for the Inaugural Energy and Climate Startup Week in Houston.
Overview of the Energy Tech Venture Forum
The Energy Tech Venture Forum, hosted by The Rice Alliance for Technology and Entrepreneurship, is a premier energy tech venture capital conference that connects energy innovators, investors, corporates, and the energy ecosystem. This year's forum will showcase promising energy companies driving the energy transition and technological advancements, featuring keynote speeches and panels led by industry leaders. Acceleware’s executive team will also participate in other events during the Energy and Climate Week, focusing on meetings with potential investors and customers and highlighting the Company’s EM Powered Heat platform.
Comments from Acceleware's CEO
“Acceleware is very excited to be heading to Houston for this event, where we will have the opportunity to network with companies and investors with specific interest in the energy ecosystem and technologies like ours,” said Geoff Clark, Chief Executive Officer. “We are looking forward to raising awareness among U.S. companies about the enormous decarbonization potential of EM Powered Heat. With around 15% of global emissions resulting from industrial heating, investment in advanced technologies like ours that can significantly reduce emissions needs urgent attention. Houston serves as an ideal venue for us to showcase EM Powered Heat and our decarbonized enhanced oil recovery technology, RF XL, to a broader international audience.”
Support for Startups by Rice Alliance
The Rice Alliance at Rice University has over 20 years of experience in supporting startups, technology, and the innovation ecosystem. Since its inception, more than 1,086 energy tech ventures have participated in their energy forums, collectively raising over $7.8 billion in funding.
About Acceleware
Acceleware is an advanced electromagnetic (EM) heating company offering highly scalable EM solutions for large industrial applications. The Company’s technology provides a unique opportunity to economically electrify and decarbonize industrial process heat applications that are typically challenging to abate, potentially making a significant impact on global GHG emissions.
Innovative Technologies and Partnerships
Acceleware is piloting RF XL, its patented low-cost, low-carbon EM thermal production technology for heavy oil and oil sands. This technology differs significantly from traditional heavy oil recovery techniques. Additionally, Acceleware is collaborating with a consortium of world-class potash partners on a pilot project utilizing its patented and field-proven Clean Tech Inverter (CTI) to decarbonize the drying process of potash ore and other minerals. The Company is also focused on developing partnerships for EM heating across various industrial applications, including mining, steel production, agriculture, cement, hydrogen, and other clean fuels.
Partnership with Indigenous Communities
Acceleware and Saa Dene Group (co-founded by Jim Boucher) have established Acceleware | Kisâstwêw to enhance the profile, adoption, and value of Acceleware technologies. This partnership aims to improve environmental and economic performance in the industry while respecting the ideals significant to Indigenous peoples, such as the preservation of land, water, and clean air.
Acceleware is a public company listed on Canada’s TSX Venture Exchange under the trading symbol “AXE”.
Contact Information
For further information:
Geoff Clark, CEO
Tel: +1 (403) 249-9099
geoff.clark@acceleware.com
Acceleware Ltd.
435 10 Avenue SE
Calgary, AB, T2G 0W3 Canada
Tel: +1 (403) 249-9099
www.acceleware.com
Frequently Asked Questions
What event is Acceleware participating in?
Acceleware is participating in the 21st Annual Rice Alliance Energy Tech Venture Forum and Houston’s Inaugural Energy and Climate Startup Week.
What technologies does Acceleware focus on?
Acceleware specializes in electromagnetic heating technologies aimed at decarbonizing industrial process heat applications.
Who is the CEO of Acceleware?
Geoff Clark is the CEO of Acceleware.
What is the goal of the partnership with Saa Dene Group?
The partnership aims to raise the profile and adoption of Acceleware technologies while improving environmental and economic performance in respect to Indigenous values.
What is the stock ticker for Acceleware?
Acceleware is listed on the TSX Venture Exchange under the ticker symbol “AXE.”
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