// Workers AI · dad joke modeWhat did Acceleware say to its date? You accelerate my heart.
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| Type | Public (TSX-V: AXE) |
|---|---|
| Industry | Oil Sands Technology |
| Founded | 2004 |
| Headquarters | Calgary, Alberta, Canada |
| Key people | Michal Okoniewski, Founder & CSO Geoff Clark, CEO Mike Tourigny, COO |
| Products | Clean Tech Inverter, RF XL |
| Revenue | CAD$740.09k (2021) |
Number of employees | 12 (Q4 2018) |
| Website | https://www.acceleware.com |
Acceleware Ltd. (TSX-V: AXE) is a Canadian oil and gas technology company with the subsidiaries Radio Frequency (RF) Enhanced Oil Recovery and Seismic Imaging Software. The company is currently running a commercial-scale, RF XL pilot project at Marwayne, Alberta, Canada, to develop heavy oil and oil sands electrification technology. Acceleware produces seismic imaging for oil exploration in complex geologies.
Acceleware software can be used in the following industries: electromagnetics, oil and gas, medical imaging, security imaging, industrial product design, consumer product design, financial research, and academic research.
History
[edit]Acceleware was founded in 2004, in Calgary, Alberta, Canada.[citation needed]
GPU Computing (using a graphics processing unit to compute mathematical algorithms), parallelizes complex tasks so that many equations may be calculated, at one time, as opposed to CPU computing which requires that these tasks be done in sequence. This parallelization results in a reduction of the time and costs required for highly complex and intensive simulations.[1]
In January 2006, Acceleware went public on the TSX Venture Exchange (Symbol: AXE).
In January 2007, Nvidia invested $3 million in Accelware.[2]
In January 2008, Acceleware entered into the seismic market, providing hardware acceleration for seismic migrations,[clarification needed] a logical progression as they are based in Calgary, Alberta, Canada, one of the world's hubs for oil and gas activity.[3][permanent dead link]
In 2010, Geoff Clark was appointed as CEO.[4] Also in 2010, Acceleware partnered with Crosslight in January[5] and with Paradigm in June.[6]
In October 2018, Acceleware entered into an agreement with AMD to provide them with Software Engineering Expertise and Consulting Services.[7]
In November 2019, Acceleware secured an investment from a Calgary-based oil sands producer for the RF XL pilot test of its radio frequency heating system.[8]
During the COVID-19 pandemic, Acceleware participated in the Faster, Together campaign to increase acceptance of COVID-19 vaccines.[9][10]
References
[edit]- ↑ Goddeke, Dominik; Strzodka, Robert; Mohd-Yusof, Jamaludin; McCormick, Patrick; Buijssen, Sven H.M.; Grajewski, Matthias; Turek, Stefan (2007). "Exploring weak scalability for FEM calculations on a GPU-enhanced cluster" (PDF). Max Planck Institute for Informatics. Archived from the original (PDF) on 19 May 2009.
- ↑ Taylor, Colleen (22 January 2007). "NVIDIA invests $2.9M in Acceleware". EDN. Archived from the original on 3 April 2012.
- ↑ "ROB TV".
{{cite web}}: CS1 maint: url-status (link) - ↑ "Acceleware Announces Appointment of Geoff Clark as CEO". Acceleware.com. 17 September 2010. Archived from the original on 20 September 2010.
- ↑ "Acceleware Delivers 100X Speed Up for Solar Cell Simulations". Acceleware.com. 19 January 2010. Archived from the original on 12 July 2010.
- ↑ "Acceleware Announces Partnership with Paradigm". Acceleware.com. 9 June 2010. Archived from the original on 12 July 2010.
- ↑ "Acceleware Announces $2.5 Million Agreement with Advanced Micro Devices". PR Newswire. 22 October 2018.
- ↑ "Acceleware secures investment from major oil sands producer". MINING.COM. 13 November 2018. Retrieved 7 October 2019.
- ↑ Acceleware (17 June 2021). ""To help build vaccine confidence across Canada and encourage more people to get vaccinated, Acceleware has joined more than 100 organizations to support..."". Retrieved 12 February 2023 – via Facebook.
- ↑ "Home". Faster Together. Archived from the original on 11 February 2023. Retrieved 12 February 2023.