Acceleware Launches Transformative Strategic Plan to Support Growth Objectives

Press Release

CALGARY, ALBERTA – June 12, 2025 – Acceleware® Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading innovator of cutting-edge radio frequency (RF) power-to-heat technologies targeting process heat for critical minerals, amine regeneration for carbon capture and other applications, and enhanced oil production, is pleased to announce its proposed new and transformative strategic plan (the “Plan”).

The Plan has been developed by management of Acceleware (“Management”) with approval from the Company’s board of directors, (the “Board”). Management and the Board expect the Plan to rapidly establish the Company as a revenue-generating, cash flowing enterprise – with the potential to drive profitability, shareholder value, and long-term stability. Key components of the Plan include:

1. 2025 Financing Strategy: Acceleware intends to secure funding for high potential applications that are expected to support near term revenue and long-term growth, while potentially strengthening the Company’s balance sheet and enabling continued development. At this time, the terms of any financing have not yet been finally determined and are expected to be negotiated with applicable parties in the context of the market.
2. Focused Investment Strategy: To drive shareholder value, the Company is currently considering certain strategic restructuring options in order to maximize its ability to attract capital investment for surface applications where initial focus will include amine regeneration and critical minerals heating/drying. Investment capital that is raised is expected to be used to speed development and commercialization to achieve revenue generation from those surface applications as quickly as possible.
3. RF XL Commercialization: The Company is actively looking to acquire additional production rights to heavy oil assets in western Canada and deploy RF XL as an enhanced oil recovery method. This initiative provides an opportunity to deploy RF XL in a well-suited reservoir and earn oil production revenues, while offering the potential for multi-well expansion. The deployment will use a new, fully sealed, continuous tubing based sub-surface design (“RF XL V2.0”) developed by Acceleware. RF XL V2.0 eliminates the possibility of water ingress, dramatically simplifies deployment, and reduces per well capital costs by an estimated 30% compared to RF XL V1.0.
4. Growth and Culture: The Plan includes aggressive initiatives to be implemented by Management, which are expected to rapidly shift the Company’s focus from research and development to cash flow generation, tactically aligning teams with business growth objectives across all lines of business.

Said Acceleware Chief Executive Officer, Geoff Clark, “Acceleware’s revised strategy aims to strengthen revenue-generation, improving economic performance and sustainable value for both shareholders and customers. This sharpened focus is specifically designed to deliver new market and client commitments and is an exciting new phase of Company development.”

“Acceleware has a lot of work ahead, but the team is engaged and committed,” said new Board Chair Mr. Pete Sametz. “The renewed Board is working closely with Management and looks forward to the success of Acceleware’s near-term strategic plan. We anticipate great strides in the coming months.”

Added new Board member, Merle Johnson, “I’m especially pleased to see that the new strategy capitalizes on surface heating applications to significantly improve amine regeneration and critical minerals processing efficiency – we believe that both markets hold great value potential.”

Additional details regarding the Plan and execution thereof will be released in coming weeks. In particular, details of any financing, restructuring, or material acquisition or disposition of assets, will be disclosed in future press releases of the Company, when determined, in accordance with applicable securities laws and will be subject to applicable approvals (including approval of the TSX Venture Exchange (the “TSXV”), shareholder, and other regulatory approvals, where applicable).

About Acceleware:

Acceleware is an advanced electromagnetic (EM) heating company with cutting-edge radio frequency (RF) power-to-heat solutions for large industrial applications. The Company’s technologies provide an opportunity to electrify and decarbonize industrial process heat applications while reducing costs.

The Company is working to use its patented and field proven Clean Tech Inverter (CTI) to materially improve the efficiency of amine regeneration, and has partnered with a consortium of world-class potash partners seeking to decarbonize drying of potash ore and other critical minerals. Acceleware is actively developing other process heat applications and partnerships for RF heating.

Acceleware’s RF XL is a patented low-cost, low-carbon RF thermal enhanced oil production technology for heavy oil that is materially different from any enhanced recovery technique used today.

Geoff Clark

Tel: +1 (403) 249-9099

geoff.clark@acceleware.com

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