Acceleware Delivers Software Solution to Key Seismic for Accelerating Kirchhoff Time Migration Using Clustered GPUs

CALGARY, AB, February 3, 2009 – Acceleware Corp. (TSX-V: AXE) a leading developer of high performance computing applications, today announced that Key Seismic Solutions Ltd., a Calgary based seismic data processing company, has chosen Acceleware’s seismic acceleration solution to dramatically speed-up processing using Kirchhoff Pre-Stack Time Migration (KTM) algorithms and lower costs in their data center. The Acceleware solution integrates seamlessly with Key Seismic’s existing processing software, enabling it to run faster and more economically on GPUs.

Acceleware provides software solutions for the oil and gas industry to provide faster and more economical data processing for commercial seismic vendors and software developers. In addition to acceleration libraries for KTM, Acceleware also provides acceleration solutions for Reverse Time Migration (RTM) and other seismic techniques. Acceleware’s 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.

For more information visit www.acceleware.com

About Key Seismic
Key Seismic Solutions Ltd. is a Calgary-based seismic data processing company. They provide services to oil and gas companies using the seismic method for exploration and development activities.
To learn more about Key Seismic, visit www.keyseismic.com

About Acceleware
Acceleware develops and markets solutions that enable software vendors to leverage heterogeneous, multi-core processing hardware without rewriting their applications for parallel computing. This acceleration middleware allows customers to speed-up simulation and data processing algorithms, benefitting from high performance computing technologies available in the market such as multiple-core CPUs, GPUs or other acceleration hardware.

Acceleware solutions are deployed by companies worldwide such as Philips, Boston Scientific, Samsung, Eli Lilly, General Mills, Nokia, LG, RIM, Medtronic, Hitachi, Fujifilm, FDA, Mitsubishi, Sony Ericsson, AGC, NTT DOCOMO, and Renault to speed up product design, analyze data and make better business decisions in areas such as electronic manufacturing, oil & gas, medical and security imaging, industrial and consumer products, financial, and academic research. For more information about Acceleware, please visit www.acceleware.com.

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.

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