CALGARY, Alberta – August 14, 2012 – Acceleware Ltd. (TSX-V: AXE) a leading developer of high performance computing applications, today announced the release of AxRTM 5.6, providing improved imaging of the most complex geology and increased price/performance ratio through highly-optimized computing performance.

This new version of Acceleware’s industry leading Reverse Time Migration (RTM) library incorporates an innovative noise reduction filter to remove imaging artifacts. Developed by Acceleware’s geophysical research team, the new filter is a proprietary post-imaging technique for the removal of low frequency noise that is generated by the standard RTM imaging condition. Further optimization of the high quality imaging condition continues to enhance the value to geophysicists by producing images of exceptional clarity and accuracy.

“Acceleware continues to push the boundaries, delivering advanced technologies and improved performance, enabling the Paradigm’s Echos™ RTM to produce the superior seismic images of the subsurface our customers demand,” said Duane Dopkin, Executive VP – Technology at Paradigm Ltd.
Acceleware is committed to providing the best computing performance possible and has provided support for NVIDIA’s new Kepler architecture as a key feature of the 5.6 release. Executed on the latest Tesla K10 GPU, AxRTM 5.6 runs 1.8 times faster than Fermi generation GPUs with the same power usage, cost and form factor. AxRTM continues to meet market demands of producing enhanced seismic images while providing a high return on investment and low cost of ownership.

“Producing highly accurate images and impressive computing performance with NVIDIA`s Kepler GPUs delivers a great value proposition by AxRTM for customers,” said Bill Kamps, President at Tsunami Development.

“The efficient implementation of the filter coupled with the unique post imaging method results in a high quality solution for removing low frequency noise, an inherent by-product of the standard imaging condition,” said Darren Foltinek, Seismic Imaging Product Manager at Acceleware. “By combining the post imaging correction and the latest GPU technology, AxRTM continues to deliver the best price – performance value available.”

About AxRTM

Reverse Time Migration (RTM) is a full wave seismic depth migration imaging algorithm used in areas of complex geology to produce accurate maps of the subsurface. The strength of RTM stems from its full solution to the two-way acoustic wave equation, improving imaging in areas where the geology violates the assumptions made in Kirchhoff or one-way wave equation migrations. Until recently, the widespread use of RTM was severely hindered by the enormous computing resources required to process the data. This computational bottleneck is now cleared with the advancement of GPU computing and Acceleware’s AxRTM library.

Launched in 2008, Acceleware’s AxRTM is a state-of-the art pre-stack two-way wave equation migration library with VTI and TTI anisotropy capabilities. Uniquely supporting both GPU and multi-core CPU clusters, the AxRTM library provides small and midsized seismic data processors with an economically viable RTM solution. AxRTM is available integrated into production ready applications from Paradigm and Tsunami Development.

About Acceleware

Acceleware develops and markets high performance computing (HPC) software solutions for the engineering and energy industries. These solutions allow customers to speed-up simulation and data processing algorithms, benefitting from HPC technologies such as multi-core CPUs and massively parallel many-core GPUs. Acceleware software, specialized HPC training and consulting services are deployed by companies worldwide such as Boston Scientific, Samsung, LG, General Mills, Nokia, RIM, Medtronic, Hitachi, FDA, Mitsubishi, Sony Ericsson, Fugro, MicroSeismic and Rock Solid Images to speed up product design, analyze data and make better business decisions.

Acceleware is a public company on Canada's TSX Venture Exchange under the trading symbol AXE.

Neither 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.

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