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 commercial course of warmth, may be very happy to announce that it’s one in every of 50 corporations 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 Know-how and Entrepreneurship is the premier vitality tech enterprise capital convention that connects vitality innovators, buyers, corporates and the vitality ecosystem. This 12 months’s discussion board will showcase promising vitality corporations driving the vitality transition and technological developments, together with keynote speeches and panels that includes business leaders. Acceleware’s govt crew will even attend different occasions as a part of the Power and Local weather Week, concentrating on conferences with potential buyers and prospects and showcasing the Firm’s EM Powered Warmth platform.
Acceleware may be very excited to be heading to Houston for this occasion, the place we may have the chance to community with corporations and buyers with particular curiosity within the vitality ecosystem and applied sciences like ours, stated Geoff Clark, Chief Govt Officer. We’re actually trying ahead to creating U.S. corporations conscious of the big 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 cut back emissions within the close to time period must occur now. The nexus of unpolluted tech and vitality in Houston is a perfect venue for us to showcase EM Powered Warmth, and our decarbonized enhanced oil restoration expertise, RF XL to a broader worldwide viewers.
The Rice Alliance at Rice College has a 20+ 12 months historical past of supporting startups, expertise and the innovation ecosystem. Since its inception, greater than 1,086 vitality tech ventures have participated in our vitality boards, elevating over $7.8 billion in funding.
About Acceleware
Acceleware is a complicated 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 affect on international GHG emissions.
Acceleware is piloting RF XL, its patented low-cost, low-carbon EM thermal manufacturing expertise for heavy oil and oil sands that’s materially completely different from any heavy oil restoration approach used immediately. The Firm can 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 boost 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 necessary to Indigenous peoples, together with respect for land, water, and clear air.
Acceleware is a public firm listed on Canada’s TSX Enterprise Change below the buying and selling image AXE.
Disclaimers
This information launch accommodates forward-looking info and forward-looking statements (collectively, forward-looking statements) inside the that means of the relevant Canadian securities laws. All statements, aside from statements of historic truth, 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 (usually however not at all times utilizing phrases corresponding to expects, anticipates, plans, continues, finances, scheduled, forecasts, estimates, believes or intends or variations or negatives of such phrases and phrases or stating that sure actions, occasions or outcomes could or may, would, would possibly, shall or will probably be taken to happen or be achieved) should not statements of historic truth 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. Numerous assumptions or elements are sometimes 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 details and assumptions embody preliminary research of applicability of CTI expertise to industrial functions are correct, third celebration estimates of market measurement are appropriate, and the timeline estimates are affordable. Precise outcomes could range from the forward-looking info on this information launch as a consequence of sure materials threat elements. The Firm cautions the reader that the above checklist of threat elements shouldn’t be exhaustive and extra threat elements threat 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 shouldn’t be obligated to replace or revise any forward-looking info, whether or not on account 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, buyers shouldn’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