Acceleware Invited to Pitch at Rice Alliance Energy Tech Venture Forum and Will Attend Houston’s Inaugural Energy and Climate Startup Week

Press Release

CALGARY, Alberta, Aug. 20, 2024 — Acceleware Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading innovator of transformative technologies targeting the decarbonization of industrial process heat, is very pleased to announce that it is one of 50 companies selected to pitch at the 21st Annual Rice Alliance Energy Tech Venture Forum, which is an anchor event for the Inaugural Energy and Climate Startup Week in Houston, Texas, September 9-13, 2024.

The Energy Tech Venture Forum, hosted by The Rice Alliance for Technology and Entrepreneurship is the premier energy tech venture capital conference that connects energy innovators, investors, corporates and the energy ecosystem. This year’s forum will showcase promising energy companies driving the energy transition and technological advancements, along with keynote speeches and panels featuring industry leaders. Acceleware’s executive team will also attend other events as part of the Energy and Climate Week, targeting meetings with potential investors and customers and showcasing the Company’s EM Powered Heat platform.

“Acceleware is very excited to be heading to Houston for this event, where we will have the opportunity to network with companies and investors with specific interest in the energy ecosystem and technologies like ours,” said Geoff Clark, Chief Executive Officer. “We are really looking forward to making U.S. companies aware of the enormous decarbonization potential of EM Powered Heat. With around 15% of global emissions coming from industrial heating, investing in further development of well-progressed technologies like ours that can radically reduce emissions in the near term needs to happen now. The nexus of clean tech and energy in Houston is an ideal venue for us to showcase EM Powered Heat, and our decarbonized enhanced oil recovery technology, RF XL to a broader international audience.”

The Rice Alliance at Rice University has a 20+ year history of supporting startups, technology and the innovation ecosystem. Since its inception, more than 1,086 energy tech ventures have participated in our energy forums, raising over $7.8 billion in funding.

About Acceleware

Acceleware is an advanced electromagnetic (EM) heating company with highly scalable EM solutions for large industrial applications. The Company’s solutions provide an opportunity to economically electrify and decarbonize industrial process heat applications previously considered difficult to abate, which could have a significant impact on global GHG emissions.

Acceleware is piloting RF XL, its patented low-cost, low-carbon EM thermal production technology for heavy oil and oil sands that is materially different from any heavy oil recovery technique used today. The Company is also working with a consortium of world-class potash partners on a pilot project using its patented and field proven Clean Tech Inverter (CTI) to decarbonize drying of potash ore and other minerals. Acceleware is actively developing partnerships for EM heating of other industrial applications in mining, steel, agriculture, cement, hydrogen and other clean fuels.

Acceleware and Saa Dene Group (co-founded by Jim Boucher) have created Acceleware | Kisâstwêw to raise the profile, adoption, and value of Acceleware technologies. The partnership is intended to improve the environmental and economic performance of industry by supporting ideals that are important to Indigenous peoples, including respect for land, water, and clean air.

Acceleware is a public company listed on Canada’s TSX Venture Exchange under the trading symbol “AXE”.

For further information:

Geoff Clark, CEO
Tel: +1 (403) 249-9099
geoff.clark@acceleware.com

Acceleware Ltd.
435 10th Avenue SE
Calgary, AB, T2G 0W3 Canada
Tel: +1 (403) 249-9099
www.acceleware.com

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