Acceleware Wins Emerging Clean Technology Award at 2017 Global Petroleum Show

CALGARY, June 13, 2017

Global Petroleum Show (GPS) hosts an annual awards process to recognize and celebrate leaders who drive change and evolution in the energy industry. Judging was completed by an independent panel of 20 industry experts. The award was announced at the Awards Breakfast held today at GPS 2017. 

"Acceleware would like to thank the Global Petroleum Show and the awards panel for recognizing our work to change the economic and environmental reality of oil sands and heavy oil production, and we would also like to acknowledge the great work of our fellow nominees," said Mike Tourigny, VP Commercialization for RF Heating.  "We believe our RF XL technology exemplifies the 'clean' in Clean Tech because it can create a clean social license for the responsible production of these assets, give operators a clean start to choose from new reserves that have not been viable to produce to date, and provide a clean slate to attract new capital investment to the industry by drastically reducing the capital and operating costs traditionally associated with oil sands and heavy oil production."

The patent-pending RF XL heating technology has the potential to save billions of dollars in oil sands production costs by reducing both capital and operating costs by at least 50 percent. RF XL offers immediate and significant improvements in GHG emissions, water use, land use, and does not require the use of solvents. As an electrically driven process, RF XL can eventually provide a clear pathway to zero GHG emissions production of heavy oil and oil sands.

Acceleware will be presenting "Suitability of Various Reservoirs for RF Heating" at the Global Petroleum Show during the Heavy Oil Sessions at Stampede Park, Hall C, Booth 1376 on Wednesday, June 14 at 11:00am MST.

About Acceleware

Acceleware (www.acceleware.com) develops high performance seismic imaging and modeling software products and provides innovative technology for radio frequency (RF) heating, an emerging thermal enhanced oil recovery method. As experts in programming for multi-core CPUs and massively parallel GPUs, Acceleware's professional services team specializes in accelerating computationally intense applications for clients to speed up product design, analyze data and help make better business decisions. Acceleware's products and services are used by some of the world's largest energy and engineering companies.