Acceleware (TSXV:AXE) is a Canadian based company headquartered in Calgary, Alberta. Acceleware develops and markets software acceleration products that bring unparalleled performance and speed to today's most strenuous and challenging compute and/or data-intensive demands. With Acceleware solutions installed, computer processing for data processing and simulation applications can benefit from speed-ups of 10x to 50x. Acceleware also uses its unique expertise for providing consulting services for companies, and research institutions involved with High Performance Computing. These services include architecting multi-core processing solutions, code porting and training.
In a news release of Aug. 24, 2011, Paradigm states that Fugro has chosen the Paradigm Reverse Time Migration to meet its challenging depth imaging objectives. http://www.acceleware.com/press_release/fugro-selects-paradigm-and-acceleware%E2%80%99s-reverse-time-migration
The fact that Fugro is the first to choose the RTM approach is, in my opinion, of significance. The fact that Acceleware was able to work in collaboration with Paradigm to produce a product, such as Reverse Time Migration, and then to have a company of the stature of Fugro choose this as a product of value in their operations speaks volumes. Fugro is afterall a world leader in their industry, and as they say on their website, "Fugro’s mission is to be the world’s leading service provider for the collection and interpretation of data relating to the earth’s surface and sub-surface and for associated services and advice in support of infrastructure development on land, along the coast and on the seabed." http://www.fugro.com/index.asp
This is excellent news for everyone involved, but especially for Acceleware, since this is something that Acceleware has been working on for some time. Now that a company with the size and stature of Paradigm has successfully brought this into the mainstream, it definitely holds the potential for more work that is similar. Paradigm reportedly has more customers in the pipeline that could potentially use this type of service. In my opinion, this could well be the first step, of many to come, that will take Acceleware upwards in this sector of technology. As this newest technology begins to prove itself, I would expect we can look for the possibility of Paradigm and Acceleware to continue to work together on future projects. The two company's have a constructive relationship, with the RTM product bearing witness of the same.
The entire industry is preparing for the largest gathering of geophysicists, geologists, earth scientists, energy industry executives, researchers and software developers. Yes, it is time for SEG once again. In 2011, the SEG will return to San Antonio for its Eighty-first Annual Meeting. Do not miss this opportunity to share your latest case histories, technological advancements, and research discoveries with the world's greatest assembly of applied geophysicists at the Henry B. Gonzalez Convention Center. Acceleware is not only going to be present, but will also be presenting two papers. http://www.acceleware.com/events/seg-2011
For those of you who may be planning to attend SEG, I would encourage you to stop by the Acceleware booth at 3600 Hall B, I am quite confident you won't be disappointed. The dates of the SEG are Sept. 18th - 23rd, 2011, and it will be held in San Antonio, Texas.
For shareholders of AXE, the presentation of two papers by Acceleware is of particular importance. There is, however, another presentation that holds significance, and that is the presentation by Paradigm, of Paradigm 2011. http://www.pdgm.com/ This has been a long awaited presentation, and I believe this could in turn be a positive for Acceleware, since the RTM technology is an integral part of the whole Paradigm 2011 package. This years SEG definitely looks poised to be one of the best yet.
My focus, looking forward, will be to watch for the anticipated benefits that Fugro should experience with the implementation of the Paradigm RTM product. The more benefit they recognize, will only continue to build value from this technology, for Acceleware. I am very pleased that this product will be anchored by Fugro, and anticipate that this will be only the beginning of a steady trend in continuous demand. The other driver that will influence the continuing growth of Acceleware is the presentation of their training classes. These classes are being met with positive results, and I anticipate this will continue to grow, both on the CUDA level and on the OpenCL level.
Overall Acceleware has progressed quite impressively up to this point, considering that the restructuring arrangement was completed only months ago. In my opinion we will quite likely see a continued gaining in momentum. For those who may be unaware of how these training programs are affecting Acceleware, here is a link to the schedule, http://www.acceleware.com/events.
As you can see the schedule is busy, and in talking with management, subscriptions are very good.
If I am correct in my assumptions that Acceleware will continue to gain momentum, then it goes without saying just how undervalued this company is. I see a management team that is extremely dedicated and committed to building this company and keeping the shareholder in mind as they progress. I also see the successful steps they have taken thusfar and I truly expect we should start to see some appreciation in the share price in the near-term.
For those who find Acceleware a compelling investment consideration, I strongly suggest you do your own due diligence. An excellent place to start is at the Acceleware website, which is located at, http://www.acceleware.com/.
For disclosure purposes I have recieved no compensation of any kind for my views or this post. I own shares of Acceleware.
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