Acceleware Ltd. (TSX-V: AXE) is a Canadian innovator of clean-tech oil and gas technologies composed of two business units: 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 advance and validate its heavy oil and

oil sands Oil sands are a type of unconventional petroleum deposit. They are either loose sands, or partially consolidated sandstone containing a naturally occurring mixture of sand, clay, and water, soaked with bitumen (a dense and extremely viscous ...

electrification technology. Acceleware's seismic imaging software solutions offer imaging for

oil exploration Hydrocarbon exploration (or oil and gas exploration) is the search by petroleum geologists and geophysicists for hydrocarbon deposits, particularly petroleum and natural gas, in the Earth's crust using petroleum geology. Exploration methods V ...

in complex geologies. Acceleware is part of a larger computing industry trend towards parallel processing via multi-core and massively-parallel

GPU A graphics processing unit (GPU) is a specialized electronic circuit designed for digital image processing and to accelerate computer graphics, being present either as a discrete video card or embedded on motherboards, mobile phones, personal ...

hardware and software architectures. Acceleware software can be used in the following industries:

electromagnetics In physics, electromagnetism is an interaction that occurs between particles with electric charge via electromagnetic fields. The electromagnetic force is one of the four fundamental forces of nature. It is the dominant force in the interacti ...

oil and gas A fossil fuel is a flammable carbon compound- or hydrocarbon-containing material formed naturally in the Earth's crust from the buried remains of prehistoric organisms (animals, plants or microplanktons), a process that occurs within geologi ...

medical imaging Medical imaging is the technique and process of imaging the interior of a body for clinical analysis and medical intervention, as well as visual representation of the function of some organs or tissues (physiology). Medical imaging seeks to revea ...

, security imaging, industrial product design, consumer product design, financial research, and

academic research Research is creative and systematic work undertaken to increase the stock of knowledge. It involves the collection, organization, and analysis of evidence to increase understanding of a topic, characterized by a particular attentiveness to ...

History

Acceleware was founded in 2004, in

Calgary Calgary () is a major city in the Canadian province of Alberta. As of 2021, the city proper had a population of 1,306,784 and a metropolitan population of 1,481,806 making it the third-largest city and fifth-largest metropolitan area in C ...

, Alberta, Canada. Extensive research on special-purpose hardware was conducted, and Acceleware developed competence-accelerating scientific computing software applications. Graphics processing units (GPUs) became the main hardware focus, as their parallel processing capabilities and extremely high memory bandwidth made them superior for accelerating scientific applications. 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. In January 2008, Acceleware entered into the

seismic Seismology (; from Ancient Greek σεισμός (''seismós'') meaning "earthquake" and -λογία (''-logía'') meaning "study of") is the scientific study of earthquakes (or generally, quakes) and the generation and propagation of elastic ...

market, providing hardware acceleration for seismic migrations, a logical progression as they are based in Calgary, Alberta, Canada, one of the world's hubs for oil and gas activity. In July 2008, market conditions and lack of available venture capital forced Acceleware to scale back its growth plans and reduce staff. Today, the company remains focused on the electromagnetics, seismic, and engineering simulation markets. It has also adopted a more software-oriented process now that GPU computing technology has become more accepted and generally available. In October 2018, Acceleware entered into an agreement with

AMD Advanced Micro Devices, Inc. (AMD) is an American multinational corporation and technology company headquartered in Santa Clara, California and maintains significant operations in Austin, Texas. AMD is a hardware and fabless company that de ...

to provide them with Software Engineering Expertise and Consulting Services. 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. During the

COVID-19 pandemic The COVID-19 pandemic (also known as the coronavirus pandemic and COVID pandemic), caused by severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), began with an disease outbreak, outbreak of COVID-19 in Wuhan, China, in December ...

, Acceleware participated in the Faster, Together campaign to increase acceptance of

COVID-19 vaccine A COVID19 vaccine is a vaccine intended to provide acquired immunity against severe acute respiratory syndrome coronavirus 2 (SARS-CoV-2), the virus that causes coronavirus disease 2019 ( COVID19). Knowledge about the structure and fun ...

Milestones

2013

* Acceleware Reaches Milestone with 100th HPC Programming Course

2012

* Acceleware releases high-performance TTI AxRTM. A 2.5x improvement in speed over previous TTI AxRTM * Acceleware introduces C++ AMP training courses in partnership with Microsoft * Acceleware surpasses 90 training classes held, to over 1000 students

2010

* Appointment of Geoff Clark as CEO * Acceleware partners with Crosslight * Acceleware partners with Paradigm

2009

* Acceleware offers professional code-porting and training services

2008

* July – Acceleware undergoes a management restructuring and a major downsizing due to poor market conditions * March – Acceleware enters the image reconstruction market * January – Acceleware enters the seismic migration market

2007

* January –

Nvidia Nvidia Corporation ( ) is an American multinational corporation and technology company headquartered in Santa Clara, California, and incorporated in Delaware. Founded in 1993 by Jensen Huang (president and CEO), Chris Malachowsky, and Curti ...

invests $3 million in Accelware

2006

* January – Acceleware goes public on the TSX Venture Exchange (Symbol: AXE)

2005

* Accelerator V1.0 is launched at IEEE MTT-S IMS for the electromagnetic simulation market

Acceleware Products

Acceleware products are software libraries created to utilize the parallel processing capabilities of

GPUs to allow consumers to process difficult simulations, migrations, and other engineering tasks. They are offered as an SDK/API to software integrators or as a plug-in option to end users.

References

{{Reflist Companies listed on the TSX Venture Exchange Companies based in Calgary GPGPU