CALGARY, Alberta, Aug. 29, 2025 (GLOBE NEWSWIRE) — Acceleware® Ltd. (“Acceleware” or the “Company”) (TSXV:AXE), Acceleware is a leading innovator of cutting-edge radio frequency (“RF”) power-to-heat technologies targeting process heat for critical minerals, amine regeneration (for CO2 and H2S removal and other applications), and enhanced oil production. Acceleware’s vision is for its EM Powered Heat technology to have a material impact on increasing overall production, improving energy efficiency and economics, and reducing GHG emissions. This news release should be read in conjunction with the Company’s unaudited interim condensed financial statements and the accompanying notes for the six months ended June 30, 2025 and management’s discussion and analysis (“MD&A”) thereto, together with the audited financial statements for the year ended December 31, 2024, notes and MD&A thereto, all of which are available on Acceleware’s website at www.acceleware.com or on www.sedarplus.ca.
Q2 2025 HIGHLIGHTS
Financial highlights:
| Three Months Ended | Six Months Ended | |||||||
| June 30, 2025 | June 30, 2024 | June 30, 2025 | June 30, 2024 | |||||
| Revenue | $ | 201,523 | 2,012,047 | $ | 632,749 | 2,055,641 | ||
| Comprehensive (loss) income | $ | (714,148 | ) | 1,263,914 | $ | (1,096,343 | ) | 293,943 |
| R&D expenditures | $ | 266,595 | 140,205 | $ | 687,424 | 641,320 | ||
During Q2, 2025 the Acceleware engineering team confirmed industry support for a ground-up redesign of the sub-surface energy delivery system. In the three months ended June 30, 2025, the Company continued to work on the next iteration of the RF XL subsurface system to address technical issues identified during …