Acceleware Corp. Grants Stock Options
CALGARY, Alberta – Feb. 5, 2008 – Acceleware Corp. (AXE: TSX-V) announced today that it has agreed, subject to regulatory approval, to grant its new Vice President of Sales, Mr. Shawn Lorenz, an aggregate of 100,000 options to acquire common shares of Acceleware. The options have an exercise price of $0.82 per share and expire on February 5, 2013. 10% of the options will vest on February 5, 2008, 30% will vest on February 5, 2009, 30% will vest of February 5, 2010 and 30% will vest on February 5, 2011.
Acceleware develops and markets solutions that enable software vendors to leverage heterogeneous, multi-core hardware environments without having to rewrite their applications for parallel processing. This acceleration abstraction technology results in end-users achieving significant computing speed-ups and migrating vendor applications from single-core processing to multiple-core CPUs, GPUs or other acceleration products.
Acceleware solutions are deployed by companies worldwide to accelerate computer simulation and data processing applications in areas such as electromagnetics, oil & gas, medical and security imaging, industrial and consumer product design, financial, and academic research.
Acceleware's third-generation multi-board GPU solutions can accelerate simulation and processing algorithms by over 35 times, reducing data processing from multiple hours to minutes. Acceleware is a public company on Canada's TSX Venture Exchange under the trading symbol AXE.
For more information on Acceleware, visit www.acceleware.com.
Charlee Forbrigger, Acceleware Corp.
+1 (403) 249-9099 ext. 287, email@example.com