Acceleware Transforms CSEM Code for RSI

Acceleware's unique combination of Electromagnetics, Oil and Gas, and High Performance Computing experience converges to deliver a streamlined, higher performing application for identifying offshore hydrocarbon reserves.

Calgary, Alberta and Houston, Texas, Mar 15, 2011: Acceleware ® Corp. (TSX VENTURE: AXE) and Rock Solid Images (RSI), today announced the successful completion of a project to transform RSI's FastTrack™ application for 3D CSEM modelling into a modern, modular software platform. The Acceleware converted version of FastTrack is a key component in RSI's client solution for determining the resistivity properties of sub-surface structures as part of their WISE™ workflows that integrates EM data with well log and seismic information for improved reservoir characterisation.

Acceleware was contracted to transform the previous version of FastTrack from a multi-language controlled source electromagnetic (CSEM) application to a single code base that improves the performance, usability and stability of the application. Acceleware's position as a high performance computing company that specialises in electromagnetic and seismic migration codes was an important factor in performing this work on RSI's application that spans both disciplines.

"Successful interpretation of EM and other datasets requires robust and efficient modelling codes," said Lucy MacGregor, CTO of RSI. "As a result of this project the speed and reliability of the FastTrack code has been dramatically increased, which will result in improved turnaround times and more robust results for our clients".

"This project really showcased the convergence of Acceleware's distinctive experience in Oil & Gas with our long-time competency in Electromagnetics into one project," said Ryan Schneider, CTO of Acceleware. "CSEM is an important technology that provides information crucial to improving drilling results. As exploration companies continue to push to deeper, more complex and expensive offshore projects, I believe that RSI's solution will provide great value in these plays."

For more information on Acceleware's Oil & Gas solvers, please visit: www.acceleware.com/oil-gas

About RSI
RSI is a UK public company providing high-end geophysical consultancy products and services to the upstream oil and gas industry: we help our customers drill better wells. We are an industry leader in the interpretation and integration of seismic data with well log, CSEM and MT data. We use advanced rock physics methods combined with sophisticated geologic models to deliver robust and reliable predictions of reservoir geometries and properties to our customers. More information can be found at www.rocksolidimages.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, benefiting 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.

The TSX Venture Exchange Inc. does not accept responsibility for the adequacy or accuracy of this release.

###

For more information:
Acceleware Corp.
Kirsten Spencer
Phone: (403) 249-9099 ext. 356
Email: kirsten.spencer@acceleware.com