Acceleware and Scovan Forge Strategic Partnership for RF XL Technology

CALGARY, Alberta, June 23, 2025 (GLOBE NEWSWIRE) -- Acceleware® Ltd. (TSX-V: AXE), a pioneer in radio frequency (RF) power-to-heat technologies, has announced a strategic collaboration and distribution agreement with Scovan, an industry leader in energy sector projects. This agreement aims to enhance the commercialization prospects of Acceleware’s RF XL 2.0 technology, which is designed for applications in critical minerals processing, amine regeneration for carbon capture, and enhanced oil production.

The partnership establishes Scovan as the exclusive distributor for RF XL in western Canada once the technology is commercialized. Furthermore, Scovan will serve as the preferred engineering and construction partner for the RF XL 2.0 project. This collaboration is expected to expedite the transition from regulatory approval to cash flow by reducing lead times significantly.

According to Geoff Clark, CEO of Acceleware, “This partnership is the first of several strategic steps to accelerate RF XL 2.0’s path to market. With the federal government’s ‘One Canadian Economy’ Act prioritizing decarbonized oil, swift action is necessary. Engaging Scovan will fast-track commercialization, allowing us to demonstrate the economic viability and emissions-reduction potential of RF XL 2.0.”

Donovan Nielsen, President of Scovan, echoed this sentiment, stating, “This partnership aligns with our vision of the ‘Facility of the Future’—one that is sustainable, efficient, and cost-effective. Innovation is crucial in unlocking new methods of oil development, and our collaboration with Acceleware reflects this commitment.”

Acceleware's RF XL technology aims to electrify and decarbonize industrial process heat applications, providing cost-effective solutions for heavy oil production. The company is actively seeking additional production rights for heavy oil assets in western Canada, which will enable the deployment of RF XL in suitable reservoirs, generating oil production revenues and paving the way for multi-well expansion.

This strategic move comes at a time when the demand for innovative solutions in the energy sector is paramount. Acceleware’s focus on transitioning from research and development to a revenue-generating business aligns with current market needs for decarbonization and efficient resource extraction.

The RF XL 2.0 project is expected to come to fruition within two years, significantly ahead of traditional timelines for such technologies. This rapid advancement reflects the urgency of addressing climate change while meeting energy needs.

As the energy landscape evolves, partnerships like that of Acceleware and Scovan will be critical in developing sustainable solutions that align with government policies and societal demand for cleaner energy sources. The implications of this collaboration extend beyond immediate commercial interests; it positions both companies as key players in the transition to a more sustainable energy future.

### Background and Industry Context

In recent years, the oil and gas industry has faced increased scrutiny regarding its environmental impact, prompting a shift towards more sustainable practices. The Canadian government has been particularly focused on reducing greenhouse gas emissions within the sector, as evidenced by legislative initiatives such as the ‘One Canadian Economy’ Act. This act emphasizes the importance of decarbonization in achieving national energy goals while maintaining economic viability.

Acceleware’s RF XL technology is part of a broader trend toward electrification and efficiency in resource extraction. By leveraging advanced electromagnetic heating solutions, the company aims to reduce the carbon footprint associated with heavy oil production processes. According to research published by the International Energy Agency (IEA) in 2023, electrification can potentially reduce emissions in the oil and gas sector by up to 60% when integrated with renewable energy sources.

### Future Projections and Impact Assessment

The collaboration between Acceleware and Scovan not only enhances the commercialization prospects of RF XL 2.0 but also showcases the potential for innovative technologies to reshape the energy landscape. As the partnership progresses, it will be crucial to monitor the performance of RF XL in real-world applications, as well as its reception among industry stakeholders.

In conclusion, the Acceleware-Scovan partnership stands as a testament to the energy sector's evolving dynamics, emphasizing the need for collaboration in developing technologies that align with contemporary environmental standards. As the industry moves toward a more sustainable future, such strategic alliances will be instrumental in advancing both economic and ecological objectives.