Acceleware Announces Advisory Board Appointments and Grant of Stock Options
MWN-AI** Summary
Acceleware Ltd. (TSX-V: AXE), a forward-thinking innovator specializing in radio frequency (RF) power-to-heat technologies, announced significant changes to its advisory board and the issuance of stock options on September 12, 2025. The company has appointed three experienced advisors—Juan Benitez, Jason de Jong, and Ryan Cross—to bolster its Advisory Board while conveying gratitude to departing members John Howard, Jeff Reading, and Chad Robinson for their years of service.
CEO Geoff Clark emphasized the importance of these strategic appointments, stating that the new Advisory Board members possess the expertise necessary to advance Acceleware’s commercialization efforts and enhance shareholder value. Each new appointee brings a wealth of experience relevant to the energy sector. Juan Benitez, with a background in venture capital and corporate innovation at Cenovus Energy, focuses on technology commercialization in the energy field. Jason de Jong has an extensive history in the Canadian energy industry, with particular emphasis on energy decarbonization systems. Ryan Cross offers over 30 years of experience in energy and clean technology, excelling in advancing innovations from development to actual deployment.
In connection with these appointments, Acceleware has granted stock options for up to 1,445,000 common shares, priced at $0.09 each, set to vest over the next two years. This option grant aligns with Acceleware’s stock option plan, which currently allows for a certain number of shares to be reserved, ensuring sufficient availability for future issuance.
Acceleware continues to focus on developing advanced RF heating solutions aimed at decarbonizing industrial processes, including amine regeneration and enhanced oil production, positioning itself as a leader in sustainable energy technologies.
MWN-AI** Analysis
Acceleware Ltd. (TSX-V: AXE) has recently made significant strides in enhancing its corporate governance by appointing seasoned executives to its Advisory Board and issuing stock options. This strategic move positions the company to capitalize on its innovative radio frequency (RF) power-to-heat technologies, particularly in critical mineral processing and decarbonized energy solutions. Investors should view these developments as a positive signal regarding Acceleware's commitment to accelerating its market presence and addressing the growing demand for sustainable energy solutions.
The addition of Juan Benitez, Jason de Jong, and Ryan Cross to the Advisory Board brings a wealth of experience in energy technology commercialization and strategic partnerships. This diverse skill set aligns well with Acceleware's goals of advancing its proprietary technologies while addressing industry challenges in emissions reduction and process efficiency. Their backgrounds in venture capital and energy resource development can provide invaluable insights as the company looks to innovate further and penetrate broader markets.
Moreover, the grant of stock options, priced at $0.09 per share and vesting over the next two years, is a clear indicator of management’s confidence in the company's future performance. This strategy not only incentivizes key advisors and directors to drive shareholder value but also aligns their interests with those of existing shareholders. The remaining capacity under the stock option plan suggests potential for further incentivization, which could bolster team dynamics and enhance organizational performance.
For those interested in investing in Acceleware, the current pricing level, combined with the strategic appointments and the focus on cutting-edge clean technologies, indicates a potentially appealing entry point. Continued monitoring of product developments, shareholder communications, and market responses will be vital as Acceleware progresses on its upward trajectory in this competitive sector.
**MWN-AI Summary and Analysis is based on asking OpenAI to summarize and analyze this news release.
CALGARY, Alberta, Sept. 15, 2025 (GLOBE NEWSWIRE) -- Acceleware ® Ltd. (“Acceleware” or the “Company”) (TSX-V: AXE), a leading innovator of cutting-edge radio frequency (“RF”) power-to-heat technologies targeting process heat for critical minerals, amine regeneration (for CO 2 and H 2 S removal and other applications), and enhanced oil production, today announced the appointment of three senior executive advisors to Acceleware’s advisory board (“Advisory Board”). The Company is also announcing a grant of options to the members of the Advisory Board, and certain members of the Acceleware’s board of directors.
Advisory Board Update
Effective September 12, 2025, Acceleware welcomes Juan Benitez, Jason de Jong and Ryan Cross to its Advisory Board joining returning members Cal Coulter, Sean David and Don Verdonck. John Howard, Jeff Reading and Chad Robinson have stepped down from the Advisory Board after several years of valued counsel but will remain available to support a smooth transition.
“We are grateful to John, Jeff and Chad for their many contributions and commitment to Acceleware over the years,” said Geoff Clark, Chief Executive Officer. “I am equally delighted to welcome Juan, Jason and Ryan to the Advisory Board. Acceleware requires a team of strategic, hands-on, and highly experienced individuals to accelerate commercialization and drive shareholder value. This refreshed Advisory Board supports our urgency to bring our technologies to market, and these new appointments are an excellent fit to help deliver strong results.”
About the Appointees
Juan Benitez, P. Eng., MBA, has served as a Venture Partner at BDC Capital and as an Executive Business Advisor with Alberta Innovates. He spent six years at Cenovus Energy, where he co-founded Evok Innovations and managed the Cenovus corporate venture capital fund portfolio. He brings extensive experience in building strategic partnerships and advancing technology commercialization to address environmental and economic challenges in the energy sector.
Jason de Jong, MBA, has been focused on the intersection of thermodynamics, economics and public policy. Jason has been working in the Canadian Energy Industry since 1995, consulting as an Energy Resource Project Developer since 2004, and pursuing advancement of energy decarbonization systems since 2016. His development experience spans conventional oil and gas production, thermal heavy oil recovery including greenfield and brownfield SAGD projects, combined steam and power generation, gas processing, hydrogen production, and technology evaluation and demonstration.
Ryan Cross, C.E.T., PMP, MBA, is a senior executive with more than 30 years of hands-on experience in energy and clean technology. He has led operations, commercialization, and business development efforts in carbon capture, renewables, and emerging energy technologies globally. Ryan excels at advancing innovations from development to deployment.
As of September 12, 2025, Acceleware has granted stock options to acquire up to 1,445,000 common shares of the Corporation (“Common Shares”) to certain of its advisors and directors. The options have an exercise price of $0.09 per Common Share and expire on September 12, 2030.
Of the 1,445,000 options granted, 722,500 shall vest on the first anniversary of the grant date, and 722,500 shall vest on the second anniversary of the grant date. The Corporation’s stock option plan allows for 13,044,026 Common Shares to be reserved for issuance under the plan. Upon issuance of the options granted, there will be 11,007,466 Common Shares reserved under options outstanding, leaving 2,036,560 Common Shares that may be reserved for issuance under the Corporation’s stock option plan. The stock option grant is subject to regulatory approval.
About Acceleware
Acceleware is an advanced electromagnetic heating company with cutting-edge RF power-to-heat solutions for large industrial applications. The Company’s technologies provide an opportunity to electrify and decarbonize industrial process heat applications while reducing costs.
The Company is working to use its patented and field proven Clean Tech Inverter to materially improve the efficiency of amine regeneration, and has partnered with a consortium of world-class potash partners seeking to decarbonize drying of potash ore and other critical minerals. Acceleware is actively developing other process heat applications and partnerships for RF heating.
Acceleware’s RF?XL is a patented low-cost, low-carbon RF thermal enhanced oil production technology for heavy oil that is materially different from any enhanced recovery technique used today.
Acceleware is a public company listed on the TSXV under the trading symbol “AXE”.
For more information:
Geoff Clark
Tel: +1 (403) 249-9099
geoff.clark@acceleware.com
FAQ**
How will the new appointments to Acceleware Ltd. AXE:CC's Advisory Board enhance the company's strategy for commercialization and shareholder value in the next few years?
What specific technologies and advancements in RF power-to-heat does Acceleware Ltd. AXE:CC expect to prioritize under the guidance of its newly appointed advisors?
Can Acceleware Ltd. AXE:CC provide insights on how the stock options granted to the Advisory Board align with the company's broader financial goals and operational strategies?
What market trends in the energy sector and decarbonization can Acceleware Ltd. AXE:CC leverage through its appointments and innovations to increase competitiveness and market share?
**MWN-AI FAQ is based on asking OpenAI questions about Acceleware Ltd. (TSXVC: AXE:CC).
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