Acceleware Announces Sale of RTM Software to a Latin American Geoscience Company

Announcement

Calgary, Canada, May 26, 2015 – Acceleware Ltd. (TSX-V:AXE) announced today that a Latin American Geosciences service company has selected Open Geophysical’s leading-edge production-ready Reverse Time Migration (RTM) seismic imaging software, which utilizes Acceleware AxRTM libraries for both model building and high-frequency final imaging.

“We are extremely pleased with Acceleware’s seismic software growth in Latin America – this time through Open Geophysical’s OpenCPS framework.” said Eric Trouillot, Director of Business Development and Technology, Seismic Software. “We continue to see positive feedback regarding the accuracy of the results, performance and support stemming from our partnership.”

 

About AxRTM

Since 2008, Acceleware’s AxRTM pre-stack two-way wave equation migration library with isotropic, VTI and TTI capabilities has lead the industry in compute performance. Uniquely supporting NVIDIA Tesla GPUs, Intel Xeon Phi coprocessors and multi-core CPU clusters, the AxRTM library provides seismic data processors with an economically viable RTM solution. Advanced geophysical imaging features including dual TTI formulations for stability and speed, high quality image condition, obliquity correction and innovative noise removal produce high quality images of exceptional detail. AxRTM is available in library form direct from Acceleware, and in integrated software platforms such as OpenCPS from Open Geophysical.

 

About Acceleware

Acceleware (www.acceleware.com) develops high performance seismic imaging and modeling software products and provides ‘state-of-the-art’ RTM solutions which enable companies of all sizes to economically discover the benefits of RTM imaging while being integrated into any existing seismic processing framework. As experts in programming for multi-core CPUs and massively parallel GPUs, Acceleware’s professional services team specializes in accelerating computationally intense applications for clients to speed up product design, analyze data and help make better business decisions. Acceleware’s products and services are used by some of the world’s largest energy and engineering companies.

Acceleware is a public company on Canada's TSX Venture Exchange under the trading symbol AXE. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

 

For further information:

Geoff Clark

Tel: +1 (403) 249-9099

geoff.clark@acceleware.com