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Acceleware
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 | This article contains promotional content. (July 2015) |
| Company 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 is part of a larger computing industry trend towards parallel processing via multi-core and massively-parallel GPU hardware and software architectures.[1]
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. 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.[2]
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.[3]
In January 2006, Acceleware went public on the TSX Venture Exchange (Symbol: AXE).
In January 2007, Nvidia invested $3 million in Accelware.[4]
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.[5]
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.[6]
In 2010, Geoff Clark was appointed as CEO.[7] Also in 2010, Acceleware partnered with Crosslight in January[8] and with Paradigm in June.[9]
In October 2018, Acceleware entered into an agreement with AMD to provide them with Software Engineering Expertise and Consulting Services.[10]
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.[11]
During the COVID-19 pandemic, Acceleware participated in the Faster, Together campaign to increase acceptance of COVID-19 vaccines.[12][13]
References
[edit]- ^ "Viewpoint: Mass GPUs, not CPUs for EDA simulations". 2009.
- ^ "NVIDIA 8800 GTX Exposed and Exploited". 2007.
- ^ "Exploring weak scalability for FEM calculations on a GPU-enhanced cluster" (PDF). 2007.
- ^ "NVIDIA invests $2.9M in Acceleware". 22 January 2007. Archived from the original on 21 January 2013.
- ^ "ROB TV". 2007.
- ^ "NVIDIA Tesla Personal Supercomputer". 2008.
- ^ "Appointment of Geoff Clark as CEO". 17 September 2010. Archived from the original on 20 September 2010.
- ^ "Acceleware partners with Crosslight". 19 January 2010. Archived from the original on 12 July 2010.
- ^ "Acceleware partners with Paradigm". 9 June 2010. Archived from the original on 12 July 2010.
- ^ "Acceleware Announces $2.5 Million Agreement with Advanced Micro Devices". 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.