CALGARY, Alberta – January 30, 2008 – Acceleware Corp. (TSXV: AXE), a leading developer of high-performance computing (HPC) applications, today announced the launch of its seismic data acceleration solution that provides a multi-fold performance increase to reduce lengthy processing times and deliver faster results to make drilling decisions for the oil and gas industry. The Acceleware software solution harnesses the massively parallel processing capabilities of GPU accelerators to dramatically increase the efficiency of data centers and reduce total cost of IT ownership. This technique is designed for 2D and 3D land and marine data where a typical processing job can compute from several days to months and solves a major bottleneck in the seismic processing industry today.

“Acceleware is growing its presence in the high performance computing sector, in part, by expanding into new industry verticals,” said Sean Krakiwsky, CEO of Acceleware. “Expansion into the seismic data processing vertical is evidence of Acceleware’s commitment to continued growth, and the execution of our long-term strategy to become a dominant provider of multi-core software solutions.”

Migration is the most common seismic data processing method used to recover subsurface images of the earth’s interior using surface-recorded data volumes obtained from seismic reflection surveys. The Acceleware solution directly speeds up the Kirchhoff Pre-Stack Time Migration method as the most expensive component of seismic data processing. By accelerating the computation within this method Acceleware uncovers the potential for increased resolution, faster turn-around and better quality confidence while handling larger datasets of increasing complexity.

“In the never ending search for the best price/performance product in the computer world Acceleware stands out,” said Rick Steele, President of P-Wave Imaging Ltd. “Their GPU based acceleration solution allows you to find the answer quicker by significantly increasing your compute power while keeping the cost of power and cooling in check.”

By accelerating the computations involved in seismic migration Acceleware uncovers the benefits of more dense packaging and improved economics in power and cooling. This is the first commercially available application that brings GPU based acceleration to this market that is of great interest to academic and industrial research centers. The solution was installed and field tested with a number of commercial data processing vendors on a variety of land and marine surveys.
"Since the launch of our HPC Accelerator program, HP has seen substantial interest from our customers in acceleration technology," said Ed Turkel, manager of product and technology marketing, High-Performance Computing Division, HP. "We are very pleased that Acceleware is helping oil and gas customers on HP platforms meet their strong demand for seismic analysis in oil exploration."

About Acceleware

Acceleware develops and markets solutions that enable software vendors to leverage heterogeneous, multi-core hardware environments without having to rewrite their applications for parallel processing. This acceleration abstraction technology results in end-users achieving significant computing speed-ups and migrating vendor applications from single-core processing to multiple-core CPUs, GPUs or other acceleration products.

Acceleware solutions are deployed by companies worldwide to accelerate computer simulation and data processing applications in areas such as electromagnetics, oil & gas, medical and security imaging, industrial and consumer product design, financial, and academic research.

Acceleware's third-generation multi-board GPU solutions can accelerate simulation and processing algorithms by over 35 times, reducing data processing from multiple hours to minutes. Acceleware is a public company on Canada's TSX Venture Exchange under the trading symbol AXE.

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