CALGARY, Alberta, Aug. 20, 2024 (GLOBE NEWSWIRE) — Acceleware Ltd. (Acceleware or the Firm) (TSX-V: AXE), a number one innovator of transformative applied sciences concentrating on the decarbonization of business course of warmth, could be very happy to announce that it’s one in all 50 firms chosen to pitch on the twenty first Annual Rice Alliance Power Tech Enterprise Discussion board, which is an anchor occasion for the Inaugural Power and Local weather Startup Week in Houston, Texas, September 9-13, 2024.
The Power Tech Enterprise Discussion board, hosted by The Rice Alliance for Expertise and Entrepreneurship is the premier power tech enterprise capital convention that connects power innovators, traders, corporates and the power ecosystem. This 12 months’s discussion board will showcase promising power firms driving the power transition and technological developments, together with keynote speeches and panels that includes business leaders. Acceleware’s government workforce will even attend different occasions as a part of the Power and Local weather Week, concentrating on conferences with potential traders and prospects and showcasing the Firm’s EM Â Powered Warmth platform.
Acceleware could be very excited to be heading to Houston for this occasion, the place we could have the chance to community with firms and traders with particular curiosity within the power ecosystem and applied sciences like ours, stated Geoff Clark, Chief Government Officer. We’re actually trying ahead to creating U.S. firms conscious of the large decarbonization potential of EM Powered Warmth. With round 15% of worldwide emissions coming from industrial heating, investing in additional growth of well-progressed applied sciences like ours that may radically scale back emissions within the close to time period must occur now. The nexus of unpolluted tech and power in Houston is a perfect venue for us to showcase EM Â Powered Warmth, and our decarbonized enhanced oil restoration know-how, RF XL to a broader worldwide viewers.
The Rice Alliance at Rice College has a 20+ 12 months historical past of supporting startups, know-how and the innovation ecosystem. Since its inception, greater than 1,086 power tech ventures have participated in our power boards, elevating over $7.8 billion in funding.
About Acceleware
Acceleware is a sophisticated electromagnetic (EM) heating firm with extremely scalable EM options for giant industrial functions. The Firm’s options present a possibility to economically electrify and decarbonize industrial course of warmth functions beforehand thought-about troublesome to abate, which may have a big impression on world GHG emissions.
Acceleware is piloting RF XL, its patented low-cost, low-carbon EM thermal manufacturing know-how for heavy oil and oil sands that’s materially totally different from any heavy oil restoration method used at present. The Firm can also be working with a consortium of world-class potash companions on a pilot venture utilizing its patented and discipline confirmed Clear Tech Inverter (CTI) to decarbonize drying of potash ore and different minerals. Acceleware is actively creating partnerships for EM heating of different industrial functions in mining, metal, agriculture, cement, hydrogen and different clear fuels.
Acceleware and Saa Dene Group (co-founded by Jim Boucher) have created Acceleware | Kisâstwêw to lift the profile, adoption, and worth of Acceleware applied sciences. The partnership is meant to enhance the environmental and financial efficiency of business by supporting beliefs which might be essential to Indigenous peoples, together with respect for land, water, and clear air.
Acceleware is a public firm listed on Canada’s TSX Enterprise Alternate underneath the buying and selling image AXE.
Disclaimers
This information launch comprises forward-looking info and forward-looking statements (collectively, forward-looking statements) throughout the which means of the relevant Canadian securities laws. All statements, apart from statements of historic reality, are forward-looking statements and are primarily based on expectations, estimates and projections as on the date of this launch. Any assertion that includes discussions with respect to predictions, expectations, beliefs, plans, projections, targets, assumptions, future occasions or efficiency (typically however not at all times utilizing phrases reminiscent of expects, anticipates, plans, continues, price range, scheduled, forecasts, estimates, believes or intends or variations or negatives of such phrases and phrases or stating that sure actions, occasions or outcomes might or may, would, may, shall or can be taken to happen or be achieved) will not be statements of historic reality and could also be forward-looking statements.
On this information launch, forward-looking statements relate to, amongst different issues, statements referring to the advantages of CTI electrification, and future growth plans and timing. Varied assumptions or elements are usually utilized in drawing conclusions or making the forecasts or projections set out in forward-looking info. These assumptions and elements are primarily based on info at the moment accessible to the Firm. The fabric info and assumptions embrace preliminary research of applicability of CTI know-how to industrial functions are correct, third occasion estimates of market dimension are appropriate, and the timeline estimates are cheap. Precise outcomes might range from the forward-looking info on this information launch on account of sure materials danger elements. The Firm cautions the reader that the above record of danger elements just isn’t exhaustive and extra danger elements danger elements are described intimately in Acceleware’s steady disclosure paperwork, that are filed on SEDAR at www.sedar.com. The forward-looking info contained on this launch is made as of the date hereof and the Firm just isn’t obligated to replace or revise any forward-looking info, whether or not because of new info, future occasions or in any other case, besides as required by relevant securities legal guidelines. Because of the dangers, uncertainties and assumptions contained herein, traders mustn’t place undue reliance on forward-looking info. The foregoing statements expressly qualify any forward-looking info contained herein.
Neither the TSXV nor its Regulation Companies Supplier (as that time period is outlined within the insurance policies of the TSXV) accepts duty for the adequacy or accuracy of this launch.
For additional info:
Geoff Clark, CEO
Tel: +1 (403) 249-9099
geoff.clark@acceleware.com
Acceleware Ltd.
435 tenth Avenue SE
Calgary, AB, T2G 0W3 Canada
Tel: +1 (403) 249-9099
www.acceleware.com
Supply: Acceleware Restricted
