Acceleware appoints three new advisors to accelerate commercialization

CALGARY - Acceleware Ltd. (TSX-V:AXE) has appointed three new senior executive advisors to its advisory board as part of efforts to accelerate the commercialization of its radio frequency power-to-heat technologies, according to a press release statement. The company, which generated revenue of $218.09M in the last twelve months, maintains a strong balance sheet with cash exceeding debt levels, according to InvestingPro data.

Juan Benitez, Jason de Jong, and Ryan Cross joined the advisory board effective September 12, 2025, replacing John Howard, Jeff Reading, and Chad Robinson, who stepped down after several years of service but will remain available during the transition period.

The new appointees join existing advisory board members Cal Coulter, Sean David, and Don Verdonck.

Benitez brings experience as a former Venture Partner at BDC Capital and Executive Business Advisor with Alberta Innovates, having previously co-founded Evok Innovations during his tenure at Cenovus Energy.

De Jong has worked in the Canadian energy industry since 1995, focusing on energy decarbonization systems since 2016, with development experience spanning thermal heavy oil recovery, steam generation, and hydrogen production.

Cross has over 30 years of experience in energy and clean technology, leading operations and commercialization efforts in carbon capture and renewables globally.

The company also granted stock options to acquire up to 1,445,000 common shares to certain advisors and directors at an exercise price of $0.09 per share, expiring September 12, 2030. The stock has shown strong momentum this year, with an 18.21% year-to-date return. Discover more market insights and 6 additional ProTips with InvestingPro. Half of the options will vest on the first anniversary of the grant date, with the remainder vesting on the second anniversary.

Acceleware develops electromagnetic heating technologies for industrial applications, focusing on electrifying and decarbonizing industrial process heat applications while reducing costs. Its technologies target process heat for critical minerals, amine regeneration, and enhanced oil production. The company maintains a "GOOD" overall financial health score and expects to report its next quarterly earnings on October 27, 2025.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.