Canadian tech firm Acceleware Q2 2024 revenue increased to $2.01M, driven by project funding agreement with an oil-sands producer.

Canaadian tech firm Acceleware Ltd reported a Q2 2024 revenue of $2.01M, up from $0.1M in Q2 2023 and $0.04M in Q1 2024, driven by completion of milestones under a project funding agreement with an oil-sands producer, which recognized $1.95M in revenue. The company is working closely with industry partners to advance RF XL Pilot and aims to secure additional $5M funding for redeployment. Acceleware remains confident in RF XL's potential to decarbonize heavy oil and oil sands production.

August 17, 2024
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