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Acceleware Advances Radio Frequency Power-to-Heat Technology for Carbon Capture and Critical Minerals Processing
Acceleware Ltd., a public company listed on the TSXV under the trading symbol "AXE", has announced updates to its radio frequency (RF) power-to-heat technology, with a focus on the RF XL 2.0 platform. This technology is designed to electrify and decarbonize industrial process heat, particularly in amine regeneration for carbon capture systems and mineral drying and processing in critical minerals industries.
The company is currently raising funds through an extended private placement financing, with the proceeds intended to support the commercialization and redeployment of RF heating applications in these sectors. Acceleware views its RF heating technology as a highly energy-efficient, low-carbon solution that offers a scalable and cost-effective alternative to conventional thermal processes.
By adopting this technology, Acceleware aims to help reduce emissions and operational costs in various industries. The RF XL technology promises significant emission reductions and operational savings, making it an attractive option for industries seeking to decarbonize their operations.
Recent financial maneuvers by Acceleware include raising capital from private placement and converting debt to equity to boost liquidity for these growth initiatives. The company's strategic commercial focus remains on piloting and deploying its RF heating in sectors such as heavy oil recovery, potash mining, and amine regeneration for carbon capture, while also exploring broader industrial applications.
However, readers should note that Acceleware's actual results, level of activity, performance, or achievements may differ materially from those expressed or implied by forward-looking statements due to various risks, uncertainties, and other important factors. These risks include, but are not limited to, the availability of investment capital, receipt of necessary approvals, uncertainties and risks with respect to developing and adopting new technologies, general business, economic, competitive, political, and social uncertainties, change in demand for technologies, obtaining required approvals of regulatory authorities and/or shareholders, ability to access sufficient capital from internal and external sources, and other factors.
For more information about Acceleware, its RF XL technology, or the private placement financing, contact Geoff Clark at Tel: +1 (403) 249-9099 or [email protected]. For a more fulsome list of risk factors, please see the Company's December 31, 2024, year-end Management Discussion and Analysis ("MD&A") available on SEDAR+ at www.sedarplus.ca.
This press release is intended for distribution in Canada only and is not intended for distribution to United States newswire services or dissemination 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. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This press release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The Common Shares, Warrants, and Common Shares underlying the Warrants will be subject to a four (4) month plus one day hold period.
[1] Acceleware press release, [Date], available at [Link to press release] [2] Acceleware press release, [Date], available at [Link to press release] [3] Acceleware press release, [Date], available at [Link to press release] [4] Acceleware press release, [Date], available at [Link to press release] [5] Acceleware press release, [Date], available at [Link to press release]
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