CALGARY, Alberta – June 9, 2010 – Acceleware® Corp. (TSX-V: AXE) a leading developer of high performance computing (HPC) applications, today announced a new partnership with Paradigm™, a leading provider of enterprise software solutions to the global oil and natural gas exploration and production industry, to deliver a full-wave Reverse Time Migration (RTM) solution that incorporates Acceleware’s RTM product, AxRTM™ optimized for clusters of multi-core CPUs and GPUs.

“This partnership was established to carry out our ongoing commitment to provide the oil and gas industry with high quality and efficient high performance computing seismic imaging algorithms,” said Duane Dopkin, senior vice president of technology at Paradigm. “Our customers will secure the additional advantage of being able to execute this solution on an industry-leading velocity modelling and seismic processing and imaging platform.”

Acceleware will provide the core numerical functionality of Reverse Time Migration as a library that will be integrated into Paradigm’s existing seismic processing and imaging framework. This partnership enables Paradigm customers to run seismic migrations on existing CPU and/or GPU clusters insuring access to the best price performance RTM solution in the industry. As more advanced multi-core hardware architectures are introduced, Acceleware will continue to leverage these capabilities with new versions of AxRTM. Paradigm users will gain the ability to produce higher resolution images, process larger datasets and benefit from faster turnaround cycles.

AxRTM is one of the industry’s most advanced RTM solutions providing support for both Vertical Transverse Isotropy (VTI) and Tilted Transverse Isotropy (TTI) anisotropy. In complex geological environments, rock properties vary with direction and this anisotropy will blur and misposition exploration targets when processed with traditional, isotropic, migrations. AxRTM correctly handles this anisotropic condition, therefore enabling sharp and accurate images to be made of the most complex geology, significantly reducing exploration risk.

“We are excited to be working with Paradigm to deliver a Reverse Time Migration solution to their customers,” said Ryan Schneider, CTO of Acceleware. “Having already worked on HPC optimization for codes that run within the Paradigm framework, we are confident that customers will welcome the added value being delivered by Acceleware.”

Additionally, Paradigm customers can leverage Acceleware’s professional services to enhance the performance of the code and applications they have constructed on top of Paradigm’s platform, and deliver increased business value to the workflows their users are running today.

For more information on Paradigms products and services, please visit www.pdgm.com.

For more information on Acceleware’s oil and gas solutions, please visit www.acceleware.com/oil-gas-solvers

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.