Acceleware Ltd. announced that following six months of operation of its Clean Tech Inverter (“CTI”) at the commercial-scale RF XL pilot project at Marwayne, Alberta, (the “Pilot”), the Company is now working to develop new CTI industrial heating applications via collaborative partnerships. This effort commences with a collaboration between Acceleware and Aurora Hydrogen Inc. (“Aurora”) to produce CTI-powered clean hydrogen via methane pyrolysis. The collaborative nature of Acceleware's CTI expansion strategy allows the Company to maintain continued focus on the successful execution of the Pilot and the subsequent commercialization of RF XL technology, while also leveraging the power of its CTI for other high value use cases.

With the intent of significantly accelerating time to commercialization for an exceptionally competitive clean hydrogen product, the Acceleware and Aurora collaboration effort will aim to demonstrate efficiency improvements resulting from the use of Acceleware's proprietary and patent-pending silicon carbide (“SiC”) CTI as the energy source for Aurora's patent-pending pyrolysis process, while improving cost efficiencies at large scale. Initial testing and design work has begun, while Acceleware and Aurora seek funding for this integration work. Acceleware intends to leverage its past success in securing non-dilutive funding and is exploring other avenues to finance the development of CTI technologies.

Aurora is developing a technology to generate low-cost, clean hydrogen directly at the point of use, eliminating the need for costly hydrogen transportation. Aurora's technology uses efficient microwave or radio-frequency energy to turn natural gas into hydrogen and solid carbon, without using water nor generating any CO2 emissions. In addition to the Aurora collaboration, other potential CTI clean heat applications that Acceleware is exploring include applications such as commercial building heat, industrial process heat, and bulk solids and crop drying, among others.