CALGARY, Feb. 7, 2019 /CNW/ - Acceleware® Ltd.
("Acceleware" or the "Company") (TSX-V: AXE), a leading developer
of radio frequency (RF) heating technology to facilitate
cost-effective and environmentally-friendly extraction of heavy oil
and bitumen, as well as high-performance seismic imaging
applications, is pleased to announce the appointment of two key
executives, Laura McIntyre as Vice
President, Engineering and Brian
LeBlanc as Chief Financial Officer.
Ms. McIntyre is a Professional Engineer with over 15 years of
industry experience, the majority of which involved work on thermal
in-situ projects at two major oil sands producers. Throughout her
career, Laura has held senior technical roles and led successful
teams across a broad range of operational areas including drilling
and completions, production, development and reservoir engineering.
In her new role with Acceleware, Laura will have primary
responsibility for the successful execution of the RF XL
commercial-scale test and the continued development of the
Company's proprietary RF XL technology solutions. Laura
earned a Bachelor's degree in Mechanical Engineering from the
University of Calgary and remains a
passionate supporter of advancing opportunities for women in energy
through mentorship and development initiatives.
Mr. LeBlanc is a Chartered Professional Accountant (CPA, CMA)
with over 32 years of experience across a wide variety of
accounting and managerial arenas. Brian has previously served
as a senior executive within a number of public and private
companies of varying sizes, having responsibility for all
accounting and financial aspects including policy development and
implementation, budgeting and business planning, banking and
financing, information technologies and regulatory compliance.
Brian's background features extensive experience in the oil and gas
and energy services industries, as well as chemical processing,
manufacturing, and wholesale/retail distribution and for the past
17 years, he has been operating an independent accounting
consulting practice. Brian's strong commitment to community
is demonstrated by his current volunteer work with the Wheels of
Hope, driving cancer patients to treatments, and a previous
volunteer role as Director and Treasurer of the Make-a-Wish
Foundation of Southern
Alberta.
"While continuing to advance our innovative RF XL technology and
keeping a clear line of sight to commercialization, Acceleware is
also focused on enhancing the strength and expertise of our
management team," said Geoff Clark,
Chief Executive Officer. "With Laura's proven track record of
successful execution and Brian's financial acumen managing growing,
dynamic businesses, the Company is well positioned to commercialize
this important technology that offers environmental and fiscal
benefits not only to oil and gas industry operators, but to all
Albertans and Canadians."
ABOUT ACCELEWARE:
Acceleware is an innovator of clean-tech oil and gas
technologies comprised of two business units: Radio Frequency (RF)
Enhanced Oil Recovery and Advanced Scientific Software. The
Company's shares trade on TSX Venture Exchange under the
symbol "AXE".
RF XL is Acceleware's patented and patent-pending RF heating
technology, designed to improve the extraction of heavy oil and
bitumen, with the possibility of saving billions of dollars in oil
sands production costs. When applied, the RF XL has the
potential to reduce both capital and operating costs, while
offering significant environmental benefits, including immediate
greenhouse gas ("GHG") emission reductions, a substantial decrease
in land use, the elimination of external water or solvent needs and
no requirement for tailings ponds. As an electrically-driven
process, Acceleware also believes that RF XL technology can provide
a clear pathway to zero-GHG production of heavy oil and oil sands
and provide optimal alignment with government goals to recognize
innovation as part of the solution in the province's overall
emission reduction plans.
Acceleware's Software Business Segment helps customers meet
their oil and gas exploration needs with seismic imaging software
that provides the most accurate and advanced imaging available for
oil exploration in complex geological zones and formations, and
their electronic product development needs with state-of-the-art
electro-magnetic (EM) simulation software. For further information
about the Company, please visit www.acceleware.com.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this release.
SOURCE Acceleware Ltd.