Acceleware

Acceleware Ltd. (abbreviated AXE) is a Canadian innovator of clean-tech oil and gas technologies comprising two business units: Radio Frequency (RF) Enhanced Oil Recovery and Seismic Imaging Software. The company is currently developing RF XL, its patented and patent-pending low-cost, low-carbon production technology for heavy oil and oil sands; while their state-of-the-art seismic imaging software solutions provide the most accurate and advanced imaging available for oil exploration in complex geologies.

Acceleware Ltd.
TypePublic (TSX-V: AXE)
IndustryOil Sands Technology
Founded2004
HeadquartersCalgary, Alberta, Canada
Key people
Michal Okoniewski, Founder & Chief Scientist
Geoff Clark, CEO
Mike Tourigny, VP Commercialization, RF Heating
ProductsRF Heating
Number of employees
12 (Q4 2018)
Websitehttps://www.acceleware.com

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 solutions can be found in software servicing the following industries: electromagnetics, oil and gas, medical imaging, security imaging, industrial product design, consumer product design, financial research, and academic research.

History

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 2008, Acceleware entered into the seismic 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.[4]

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.[5]

In October 2018, Acceleware entered into an agreement with AMD to provide them with Software Engineering Expertise and Consulting Services. [6]

In November 2019, Accelerate secured an investment from a Calgary-based oil sands producer for the RF XL pilot test of its radio frequency heating system. [7]

Milestones

2013
  • Acceleware Reaches Milestone with 100th HPC Programming Course[8]

2012
  • Acceleware releases high-performance TTI AxRTM. A 2.5x improvement in speed over previous TTI AxRTM[9]
  • 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[10]
  • Acceleware partners with Crosslight[11]
  • Acceleware partners with Paradigm[12]

2009
  • Acceleware offers professional code-porting and training services.[13]

2008
  • July–Acceleware undergoes a management restructuring and a major downsizing due to poor market conditions [14]
  • March–Acceleware enters the image reconstruction market.
  • January–Acceleware enters the seismic migration market.

2007
  • January–Nvidia invests $3 million in Accelware.[15]

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 Nvidia 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
  1. "Viewpoint: Mass GPUs, not CPUs for EDA simulations". 2009.
  2. "NVIDIA 8800 GTX Exposed and Exploited". 2007.
  3. "Exploring weak scalability for FEM calculations on a GPU-enhanced cluster" (PDF). 2007.
  4. "ROB TV". 2007.
  5. "NVIDIA Tesla Personal Supercomputer". 2008.
  6. "Acceleware Announces $2.5 Million Agreement with Advanced Micro Devices". 2018.
  7. "Acceleware secures investment from major oil sands producer". MINING.COM. 13 November 2018. Retrieved 7 October 2019.
  8. "Acceleware Reaches Milestone with 100th HPC Programming Course". 18 March 2013. Archived from the original on 18 August 2013. Retrieved 27 March 2013.
  9. "Acceleware Updates RTM Featuring Enhanced Imaging and NVIDIA Kepler Support". 14 August 2012. Archived from the original on 18 September 2012. Retrieved 27 March 2013.
  10. "Appointment of Geoff Clark as CEO". 17 September 2010. Archived from the original on 20 September 2010.
  11. "Acceleware partners with Crosslight". 19 January 2010. Archived from the original on 12 July 2010.
  12. "Acceleware partners with Paradigm". 9 June 2010. Archived from the original on 12 July 2010.
  13. "Acceleware Offers Professional Services". 4 March 2009. Archived from the original on 7 July 2011.
  14. "Acceleware Completes Management Restructuring, Reduces Expenditures and Refocuses Business Plan Following Withdrawal of Short Form Prospectus Offering". 22 July 2008.
  15. "NVIDIA invests $2.9M in Acceleware". 22 January 2007. Archived from the original on 21 January 2013.
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