CALGARY, Alberta – July 7, 2011 – Acceleware® Ltd. (TSX-V: AXE), a leading developer of high performance computing (HPC) solutions for the oil and gas industry, today announced the successful completion of a professional services engagement with MicroSeismic, Inc., a leading geophysical services company providing 3-D passive seismic imaging for energy exploration and production, to optimize their fracturing / fault prediction code for GPUs. Through this engagement, MicroSeismic can leverage the full computing capacity of GPUs to deliver higher resolution images sooner to their customers.

“Acceleware’s unique combination of seismic industry domain knowledge along with their emphasis on high-performance, parallel computing was the driving force behind this collaboration,” said Michael Thornton, PhD, vice president of data processing, MicroSeismic, Inc. “Our objective is to provide the fastest and most accurate results to our clients and Acceleware gave us the confidence to deliver on this.”

Acceleware provides assistance and expertise to enable customers to maximize the performance offered by today’s computing technologies, translating to an increase in their bottom lines. Upon completion of this project, MicroSeismic was able to achieve an incremental run time speed-up of two to three times compared to their original GPU code.

“While MicroSeismic had already proved the value proposition of GPUs for their internal application, they believed it could be improved with our help,” said Ryan Schneider, CTO of Acceleware. “Through CUDA training and professional services, our staff of high performance computing software developers, mathematicians, and oil and gas scientists helped them to realize an incremental benefit on their hardware investment, effectively turning every $1 spent into $2 to $3 worth of capacity.”

MicroSeismic now benefits from increased capacity in a number of ways; faster results; more accurate solutions in the same turnaround time; and/or additional iterations on jobs; all resulting in an overall increase in customer satisfaction.

For more information on Acceleware’s oil and gas solutions, please visit acceleware.com/oil-gas

About MicroSeismic, Inc.

MicroSeismic, Inc. is the leading provider of passive seismic and microseismic data acquisition, analysis, and interpretation to the global oil & gas industry. MicroSeismic's technology and services enable E&P operators to better manage their reservoirs, increase their production rates, and decrease their completion costs and risks. The company is based in Houston, Texas with offices in Denver, Colorado and Calgary, Alberta. For more information visit: microseismic.com.

About Acceleware

Acceleware develops and markets solutions that enable software vendors to leverage heterogeneous, multi-core processing hardware without rewriting their applications for parallel computing. This acceleration middleware allows customers to speed-up simulation and data processing algorithms, benefiting from high performance computing technologies available in the market such as multiple-core CPUs, GPUs or other acceleration hardware.

Acceleware solutions are deployed by companies worldwide such as Philips, Boston Scientific, Samsung, Eli Lilly, General Mills, Nokia, LG, RIM, Medtronic, Hitachi, Fujifilm, FDA, Mitsubishi, Sony Ericsson, AGC, NTT DOCOMO, and Renault to speed up product design, analyze data and make better business decisions in areas such as electronic manufacturing, oil & gas, medical and security imaging, industrial and consumer products, financial, and academic research. For more information about Acceleware, please visit acceleware.com.

Acceleware is a public company on Canada’s TSX Venture Exchange under the trading symbol AXE.
The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.