Calgary, Alberta, 3 June 2025 (Globe Newswire) – Acceleware® Ltd. (“Acceleware” of het “bedrijf”) (TSX-V: AX), een toonaangevende innovator van transformatieve technologieën met behulp van radiofrequentie (RF) technologie gericht op industriële proceswarmte in de kritieke mineralen en verbeterde olieproductie-industrie, kondigt de strategische benoeming aan van twee doorgevoerd energie-executives in de raad van bestuur (de bord “), en die twee Original members of the Board of Directors are the new arrangement of the board, with their important experience in the industry and knowledge will play an important role in helping management in the implementation of a new strategic plan.
Board -announcement:
The company announces the appointment of Peter (Pete) Sametz P. Eng. ICD.D as executive chairman of the board of directors and the appointment to the Merle Johnson P. Eng. MBA, ICD.D, both in force on 3 June 2025. Mr. Bohdan (Don) Romaniuk, chairman of the board of directors, and Dr. Peter Neweduk, director, were taken off the board after more than 19 years. Mr. Sametz and Mr. Johnson, whose appointments will fill the vacancies that have been left by Mr. Romaniuk and Dr. Neweduk, both will also become a member of the audit committee, appointed with Mr Johnson as chairman of the audit committee.
Mr Romaniuk said: “I am very happy that Mr Sametz has agreed to serve as executive chairman of the Acceleware board. The technology of Acceleware offers excellent potential. I wish him and the company the very best.”
Geoff Clark, CEO of Acceleware, “On behalf of Acceleware, our shareholders and our employees, I want to thank Don and Peter for their dedication and service for many years. Their efforts have been greatly appreciated – we have certainly had good successes on the road – and they have also helped with many challenges. We already wish them the best.”
Both Mr Romaniuk and Dr. Neweduk will remain available to offer support and knowledge transfer as long as it is necessary to guarantee an efficient transition.
“I am extremely pleased to welcome Pete and Merle in the Acceleware Board,” said Mr. Clark. “Acceleware implements a new and transformative strategic plan that is intended to promote the company and to create a considerable value for shareholders. If Pete has us as a director and Merle as director and audit committee chairman to stimulate the development and implementation of this strategy, it is invaluable.”
In recent years, Mr. Sametz focuses on change management and company reunioning. He has extensive experience in the energy sector on both the senior executive and the level of management, which means that growth is managed from startup to intermediate status. He is recognized as a leader in innovation and an advocate for environmental responsibility in the energy industry. He is director of four public companies, as well as a volunteer in the community and at industrial organizations.
Mr. Johnson was the CEO of Connacher Oil and Gas from the end of 2015 until his retirement in 2024 and was the longest serving director in the history of the company. Prior to Connacher, Mr. Johnson worked for Encana (now Cenovus) on his Christina Lake and Senlac projects and for IMC Global (now the Mosaic Company) at Belle Plaine. The Potas Solution -MijnTechniek from Belle Plaine was the inspiration for Sagd technology. Johnson is a member of the Metis Nation of Alberta.
The appointments of Mr. Sametz and Mr. Johnson remain dependent on TSX Venture Exchange Review in accordance with policy 3.1.
About Acceleware:
Acceleware is an advanced electromagnetic (EM) heating company with very scalable EM solutions for large industrial applications. The company’s solutions offer the possibility to electrify and decrease industrial process applications in the industrial process and at the same time reduce costs.
The RF XL from Acceleware is a patented cheap, low-carbon-poor embrace production technology for heavy oil that differs substantially from any improved recovery technique that is used today. The company also works together with a consortium of PotasPartners of World Class on a pilot project using its patented and proven Clean Tech Inverter (CTI) to dispose of the drying of Potaserts and other critical minerals. Acceleware is actively developing partnerships for EM -heating for other industrial process heating applications.
Acceleware is a public company stated on the TSX Venture Exchange of Canada under the trade symbol “AX”.
Warning statements
This press release contains future -oriented statements and/or future -oriented information (joint, “future -oriented statements”) within the meaning of the applicable securities laws. When used in this release, words such as “will”, “anticipate”, of opinion “,” intends “,” expected “and similar expressions, because they relate to accelware, or their management are intended to identify such future -oriented statements. Such future -oriented explanations can be the current representation of accelage. Much of the expelitorys, and are the future of the future, and are its future, and are the future of the expelitations, and are a lot of events. Performance or performance that can be expressed or implied by such future -oriented statements on the business and shareholder value of ACELWARE.
Looking for explanations are subject to known and unknown risks, uncertainties and other important factors that can cause the actual results, the level of activity, performance or performance of the company, essentially different from those expressed or immersed by such future -oriented statements, but not limited to: the high degree of uncertainties that are inherented to a different degree of displacement and economic studies; variations in raw material prices and exchange rate fluctuations; variations in the costs of supplies and labor; lack of availability of qualified personnel; receipt of necessary approvals; availability of financing for technology and project development; uncertainties and risks with regard to the development and acceptance of new technologies; general business, economic, competitive, political and social uncertainties; Change in the demand for technologies offered by the company; obtaining required approvals from regulatory authorities; Possibility to access sufficient capital from internal and external sources. For a more fulsome list of risk factors, see the company on December 31, 2024, discussion and analysis of the year (“MD&A”) available on Sedar+ on http://www.sedarplus.ca.
The management of the company has included the above summary of assumptions and risks with regard to future -oriented statements provided in this release to offer shareholders a more complete perspective on the current and future activities of the company and such information may not be suitable for other purposes. The company has tried to identify important factors that can lead to the actual results differing material from those in future -oriented statements, there may be other factors that ensure that results are not expected, estimated or intended. There can be no guarantee that such statements will be accurate, because the actual results and future events may differ significantly from those expected in such statements. Further statements in this news item may not be read as guarantees for future performance or results. Accordingly, readers are not allowed to place unnecessary dependence on future -oriented statements. The company does not undertake to update future -oriented statements, except in accordance with the applicable securities laws.
Neither TSX Venture Exchange nor its regulation services provider (because that term is defined in the policy of the TSX Venture Exchange) accepts the responsibility for the adequacy or accuracy of this release.
For more information:
Geoff Clark
Tel: +1 (403) 249-9099
geoff.clark@acceleware.com
Accelage Ltd.
435 10one Avenue SE
Calgary, AB, T2G 0W3
Canada
http://www.acelware.com
