Acceleware Announces Grant of Stock Options
Calgary, Alberta - May 2, 2007 - Acceleware Corp. (the "Corporation" or "Acceleware") (trading symbol "AXE" TSXV) announces that, subject to regulatory approval, an aggregate of 415,000 options to acquire common shares of Acceleware were granted to certain of its directors, an officer and employees. The options have an exercise price of $1.08 per share and expire on May 2, 2012. One-third (1/3) of the options will vest immediately, one-third (1/3) will vest on May 2, 2008, and one-third (1/3) will vest on May 2, 2009.
Acceleware (TSXV: AXE) develops and markets performance-optimized acceleration products that significantly reduce the run-times of high-performance computing (HPC) applications such as cell-phone design and seismic data processing. By leveraging the base processing power of GPUs (graphics processing units) with proprietary acceleration software, compute-intensive applications can achieve unparalleled performance and speed. Acceleware delivers processing superpower.
Acceleware is developing and selling products for the electromagnetic, energy, biomedical, pharmaceuticals, industrial and military markets. These markets share a common need; as companies continue to push the boundaries of innovation and demand faster product-development cycles for more complex products, the need for accurate and timely computer modeling and testing is steadily increasing. For more information, visit www.acceleware.com.
Charlee Forbrigger, Acceleware Corp.
+1 (403) 249-9099 ext. 287, firstname.lastname@example.org