Acceleware Speeds Up the Search for Oil & Gas with GPUs

Calgary, Alberta – May 13, 2008 – Acceleware® Corp. (TSXV: AXE), a leading developer of high performance computing applications, today announced the availability of Acceleware AxKTM™, an application library that enables users of 3D Pre-Stack Time Migration (PSTM) solutions to easily access the multi-fold performance benefits of today’s leading GPUs (Graphic Processor Units). This release expands Acceleware’s high performance computing platform to provide commercial software vendors with the solutions needed to rapidly deliver required processing power for the world’s most compute intensive seismic applications.

“Releasing AxKTM for seismic data processing is another step in Acceleware’s commitment to enriching our software platform for application vendors striving to deliver disruptive value through advancements in multi-core computing hardware,” said Sean Krakiwsky, CEO of Acceleware.

The AxKTM product delivers a robust software toolkit for commercial seismic vendors and software developers to easily integrate with the Acceleware platform for speeding up PSTM data processing solutions. The Acceleware platform provides a direct link for developers to the latest multi-core hardware solutions required to process the enormous data sets inherent with migration techniques. AxKTM combined with GPU accelerators can deliver a significant increase in computing performance while reducing power consumption, cooling needs and data center footprint. Together, these factors create a compelling price to performance ratio for customers facing the increasing costs of computing processing power.

“The use of GPUs for running large seismic migrations enables users to significantly consolidate massive amounts of processing power while reducing the need for additional infrastructure upgrades,” commented Wilf Kruggel, Director, Techco Geophysical Services Ltd.

More processing performance also reduces workflow congestion and waiting times, for seismic analysts struggling to meet deadlines for interpreting seismic information. Datasets that normally take weeks to run on conventional platforms can be shortened to days with Acceleware, making it possible for geophysicists to produce more accurate seismic images faster. To achieve these results, AxKTM uses the award-winning CUDA C- language development environment from NVIDIA to attain maximum performance from the GPU hardware.

To view a demo of this solution from Acceleware, please visit booth #919 at C3GEO Convention this week.

Availability
AxKTM is available for purchase directly from Acceleware June 2008.  For more information on Acceleware’s AxKTM product, please visit www.acceleware.com

About Acceleware
Acceleware develops and markets a platform to enable software vendors to leverage heterogeneous, multi-core processing hardware without rewriting their applications for parallel computing. This software acceleration platform benefits users performing computationally intensive tasks such as data processing and computer simulations, by harnessing the capabilities of high performance computing technologies such as multiple-core CPUs, GPUs or other acceleration hardware.

Acceleware solutions are deployed by companies worldwide such as Philips, Boston Scientific, Samsung, General Mills, LG, Medtronic, Hitachi, Fujifilm, FDA, Mitsubishi, Sony Ericsson, AGC, NTT DoCoMo, P-Wave Seismic and Renault to speed up product design, analyze data and make better business decisions in areas such as consumer electronics, industrial design, seismic data processing, imaging for the medical, industrial testing and security, defense and academic research.

Acceleware is a public company on Canada's TSX Venture Exchange under the trading symbol AXE.
The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.

Reader Contact:
Charlee Forbrigger,
Marketing Manager at Acceleware Corp.
+1 (403) 249-9099 ext. 287, charlee.forbrigger@acceleware.com