IMII is a non-profit organization jointly funded by industry and government that is committed to developing and implementing innovative education, training, research and development partnerships for supporting a world-class minerals industry. Established in 2012 to support and sustain the
The IMII is ramping up consideration of new energy-related technologies on behalf of its minerals industry members. With the success of the Exploring Innovations project, IMII has announced that they have invited
“The Acceleware team is very keen to further validate the use of CTI for the drying of potash and other mineral commodities,” said
“This project, to date, has taken important steps to understanding and validating the potential that the CTI technology holds as a clean-tech solution for the industry’s heating needs. A CTI commercial-scale drying platform with lower capital and operating costs could present an opportunity for a sustainability win for the minerals industry, reducing energy and improving economics, while lowering GHGs,” said
The patent-pending CTI is unique in its ability to economically decarbonize industrial heating applications even at very large scale. A commercial scale drying platform for mining would augment Acceleware’s portfolio of decarbonization applications. Currently,
Additional work is underway at
You can learn more about the CTI here https://www.acceleware.com/cti/technology.html.
CTI E-house at
About
The Company’s seismic imaging software solutions are state-of-the-art for high fidelity imaging, providing the most accurate and advanced imaging available for oil exploration in complex geologies.
Disclaimers
This news release contains “forward-looking information” and “forward-looking statements” (collectively, “forward-looking statements”) within the meaning of the applicable Canadian securities legislation. All statements, other than statements of historical fact, are forward-looking statements and are based on expectations, estimates and projections as at the date of this release. Any statement that involves discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, assumptions, future events or performance (often but not always using phrases such as “expects”, “anticipates”, “plans”, “continues”, “budget”, “scheduled”, “forecasts”, “estimates”, “believes” or “intends” or variations or negatives of such words and phrases or stating that certain actions, events or results “may” or “could”, “would”, “might”, “shall” or “will” be taken to occur or be achieved) are not statements of historical fact and may be forward-looking statements.
In this news release, forward-looking statements relate to, among other things, statements relating to the benefits of electrification of industrial heating via Acceleware’s Clean Tech Inverter, future development programs, and efficiency and economic performance of CTI drying. Various assumptions or factors are typically applied in drawing conclusions or making the forecasts or projections set out in forward-looking information. Those assumptions and factors are based on information currently available to the Company. The material facts and assumptions include the viability of electrification as a path to decarbonization of industrial heating, that future development projects will be undertaken, and that initial indications of efficiency and costs of CTI-powered heating will be confirmed in commercialization. Actual results may vary from the forward-looking information in this news release due to certain material risk factors. The Company cautions the reader that the above list of risk factors is not exhaustive and additional risk factors risk factors are described in detail in Acceleware’s continuous disclosure documents, which are filed on SEDAR at www.sedar.com. The forward-looking information contained in this release is made as of the date hereof and the Company is not obligated to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, except as required by applicable securities laws. Due to the risks, uncertainties and assumptions contained herein, investors should not place undue reliance on forward-looking information. The foregoing statements expressly qualify any forward-looking information contained herein.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this release.
For further information:
Tel: +1 (403) 249-9099
geoff.clark@acceleware.com
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/258f1924-d61a-4418-9a92-4e999daab6cd
Electrical House
CTI E-house at Acceleware's RF XL Commercial-Scale Pilot Test at Marwayne, AB . July 2023
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