Acceleware Recognized as Best "New Technology" By Energy TV Awards
Calgary, Alberta – November 29, 2007 – Acceleware Corp. (TSXV: AXE), a leading developer of high-performance computing (HPC) applications, today announced that Acceleware has been presented with the “Best New Technology” award by Energy TV’s annual Best of the Best awards. Acceleware has been recognized as a company that pursues excellence, raises benchmarks, constantly innovates, and significantly contributes to society. The Energy TV awards have been created to showcase the nation’s oil and gas industry, including leading companies and technologies.
“Acceleware is revolutionizing the HPC markets by bringing unparalleled performance to today’s most challenging compute and data-intensive computations,” said Sean Krakiwsky Acceleware CEO. “As such, we are delighted to accept the Energy TV award which recognizes Acceleware as the Best of the Best for New Technology.”
As a ‘people’s choice’ award, the oil and gas industry had an opportunity to choose nominees, vote, and honor the winners at the awards ceremony which was held Nov. 23, 2007. The ceremony will broadcast as a primetime special on Global TV.
Acceleware specializes in the development and marketing of special purpose software/hardware acceleration products used to reduce design simulation and data processing run-times of high-performance computing (HPC) applications such as cell-phone design, seismic data processing, printed circuit board design, drug discovery, photonic/communications devices design, oil reservoir simulation, lithography mask design, bio-medical imaging and others.
Acceleware products are distributed by computer-aided design (CAD) and computer-aided engineering (CAE) software companies to end-users at the world's largest organizations in a wide range of industries. In each vertical market, Acceleware's third-generation board-level and engineering workstation products accelerate simulation and processing algorithms by a factor of 10 times or more, on average, reducing runtimes from multiple hours to minutes. Acceleware is a public company on Canada's TSX Venture Exchange under the trading symbol AXE.
For more information on Acceleware, visit www.acceleware.com.
About Energy TV
Energy TV is the first of its kind production presented in a news magazine format to spotlight the companies, the people and the issues surrounding North America’s primary industry: Oil & Gas. North America is fast becoming a global oil power, and as such, the timing is unprecedented for Energy TV. Domestic and International companies will spend more than $100 billion in oil sand production alone this year including upgrades to facilities, exploration and pipeline products throughout North America. Energy TV will be there to bring you these stories. To learn more, visit www.energy-tv.com