MOST TRUSTED NEWSWIRE PRESS RELEASE DISTRIBUTION
PRTODAY / NewswireToday press release distribution service network
More news: Software
Written by / Agency / Source: Acceleware Ltd
Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Acceleware Announces Major Advancement of RF XL Heating Technology Following Full Power Field Test of RF Converter - Acceleware® Ltd today provides an operational and corporate update on the Company’s recent activities, including the successful completion of a 500 kW field test of its prototype Radio Frequency (“RF”) converter designed in collaboration with GE Research
Acceleware Announces Major Advancement of RF XL Heating Technology Following Full Power Field Test of RF Converter

 

NewswireToday - /newswire/ - Calgary, Alberta, Canada, 2020/06/30 - Acceleware® Ltd today provides an operational and corporate update on the Company’s recent activities, including the successful completion of a 500 kW field test of its prototype Radio Frequency (“RF”) converter designed in collaboration with GE Research. TSX-V: AXE

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Acceleware® Ltd (“Acceleware” or the “Company”), a leader in the development of technologies enabling low-cost and environmentally-friendly extraction of heavy oil and bitumen, today provides an operational and corporate update on the Company’s recent activities, including the successful completion of a 500 kW field test of its prototype Radio Frequency (“RF”) converter designed in collaboration with GE Research (“GE”). This converter will be utilized in the Company’s commercial-scale test of its patented and patent-pending RF XL Heating technology (the “Project”) at a site in the Cold Lake Oil Sands region near the town of Marwayne, Alberta.

Commercial-Scale Power Testing Yields Positive Results
Acceleware continues to de-risk designs for the Project and successfully concluded the full power test of two modules of the RF converter prototype, along with certain RF energy transmission components that will comprise the downhole section of the RF XL system. Each converter prototype module is designed to deliver up to 250 kilowatts (“kW”) of RF power, and in the Company’s commercial-scale prototype, eight modules will be combined to deliver a total of two megawatts (“MW”). In the lead-up to the full-power field test, Acceleware ran preparatory tests at 250 kW and 400 kW, culminating in a full 500 kW of RF power successfully delivered to the field test antenna system. Acceleware believes the 500 kW test represents an unprecedented level of RF power for any field test of an RF heating system designed for heavy oil production. The full-power test of RF converter modules is anticipated to be the final de-risking test prior to the converter’s deployment at the Project. “This test is significant not only because it sets a new benchmark for the level of power delivered into the ground, but perhaps more so because it has validated that our end-to-end system can operate at full power. By testing two of our modules along with scaled-down RF energy transmission components at full power, we have dramatically increased our confidence that the complete eight module converter will be able to deliver two MW of power, and that our transmission lines can more than handle that power, all at our desired efficiency.” said Dr. Michal Okoniewski, chief scientific officer of Acceleware.

Ongoing Market Engagement
As part of Acceleware’s continued efforts to raise its profile, enhance public and market awareness and build relationships within the oil and gas and clean-tech communities, the Company has held introductory or follow-up meetings with several investment community representatives across research, sales and investment banking over recent weeks. In addition, Acceleware has presented its story to numerous media outlets, including the Danielle Smith Show on AM 770 CHQR radio; the Crownsmen Energy Show; Over a Barrel, a podcast hosted by the Canadian Heavy Oil Association; and in a Global Energy Show webinar on zero greenhouse gas (“GHG”) production of heavy oil and oil sands reservoirs. Through the balance of the summer, the Company is scheduled to be featured in a podcast hosted by the Alberta Clean Technology Industry Alliance and anticipates releasing a whitepaper on the zero GHG project in early July.

About Acceleware

Acceleware (acceleware.com) is an innovator of clean-tech oil and gas technologies comprised of two business units: Radio Frequency (RF) Enhanced Oil Recovery and Seismic Imaging Software.

Acceleware is developing RF XL and Modular RF, its patented and patent-pending low-cost, low-carbon production technologies for heavy oil and oil sands that are materially different from any heavy oil recovery technique used today. They will use no water, require no solvent, have a small physical footprint, can be redeployed from site to site, and can be adapted to a multitude of reservoir types, while expected to greatly reduce and eventually eliminate production of greenhouse gas emissions (GHG). In shallow oil sands implementations, no tailings ponds will be required.

Our seismic imaging software solutions are state of the art for high fidelity imaging, providing the most accurate and advanced imaging available for oil exploration in complex geologies. Acceleware is a public company on Canada’s TSX Venture Exchange under the trading symbol “AXE”.

NOTE REGARDING FORWARD-LOOKING INFORMATION AND OTHER ADVISORIES

This news release contains “forward-looking information” within the meaning of Canadian securities legislation. Forward-looking information generally means information about an issuer’s business, capital, or operations that are prospective in nature, and includes disclosure about the issuer’s prospective financial performance or financial position.

The forward-looking information in this press release can be identified by terms such as “believes”,“estimates”,“plans”,“potential”, and “will”, and includes information about the anticipated performance levels of the RF XL technology. Acceleware assumes that research and development effort including testing to date and the commercial-scale test plans will result in commercial-ready products.

Actual results may vary from the forward-looking information in this press release due to certain material risk factors. These risk factors are described in detail in Acceleware’s continuous disclosure documents, which are filed on SEDAR at sedar.com.

Acceleware assumes no obligation to update or revise the forward-looking information in this press release, unless it is required to do so under Canadian securities legislation.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this release in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”), or any state securities laws and may not be offered or sold within the United States or to U.S. persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.

DISCLAIMER
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Software Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Acceleware Ltd

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick NewswireToday Visibility Checker

 

Distribution / Indexing: [+]  / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
Software Warnings - IMPORTANT:
Always be aware/cautious about what you download on your computer/mobile! PURCHASE SOFTWARE related keywords / Banner Ads. Click HERE for details!
.

 
  Your Banner Ad showing on ALL
Software articles,
CATCH Visitors via Your Competitors Announcements!


Acceleware Announces Major Advancement of RF XL Heating Technology Following Full Power Field Test of RF Converter

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name NewswireToday and LINK as the source.
 
Publisher Contact: Geoff Clark - Acceleware.com 
403-249-9099 geoff.clark[.]acceleware.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Acceleware Ltd securities in any jurisdiction including any other companies listed or named in this release.

Software via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Acceleware Ltd / Company Profile


Read Software Most Recent Related Newswires:

SAP Named a Leader Among Cloud-Enabled Small Office ERP Solutions by Influential Analyst Firm
BASF, Colgate-Palmolive, Estée Lauder, and Unilever Among Keynote Speakers at 2020 Veeva Quality & Regulatory Global Summit
InterSystems TrakCare® Supports Healthcare Providers Worldwide to Deliver Better Patient Care During the COVID-19 Pandemic
Aspect Announces General Availability of Aspect Unified IP 7.4 SP1, the Premier Enterprise Contact Center Solution for High Volume Customer Outreach
Quest Strengthens Delivery of Modern Device Management with KACE Unified Endpoint Offerings
South African Social Development Department Improves Service Delivery with OpenText
SAP and E.ON to Build New Process and Technology Platform
Emirates Hospitals Group Embraces Digital Transformation Using Okadoc’s Advanced Technology, Based on InterSystems
Bayer AG Standardizes on Veeva Vault Clinical Applications Globally
Blue Yonder Acquires Yantriks to Deliver Dynamic Commerce
Detego and Spencer Technologies Announce Partnership Aiming to Deliver Quality RFID Solutions to the US Market
Oracle Recognized as Category Leader for IFRS 17/LDTI Compliance Solutions
Veeva Extends Remote Meeting Capabilities to Zoom and Microsoft Teams
SAP.iO Fund Invests in Reference-Checking Startup Crosschq
Loadsmart and Blue Yonder Partner to Provide Customers Instantly Bookable Truckload Rates

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  VR CORPORATENEXT

Visit  La Bella Bakery Artisan Bakery Arizona





 
  ©2020 NewswireToday — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com newswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)