– CANADA, Calgary – Acceleware Ltd. (TSX: AXE), a leading developer of technologies targeting low-cost and clean extraction of heavy oil and bitumen, today announced that Jim Boucher will stand for election to the board of directors at the AGM to be held on May 26, 2021.
“The Board was unanimous in its nomination of Jim Boucher, and very much looks forward to him being elected as a Director by shareholders at our AGM next month,” said Board Chair, Bohdan Romaniuk. “Jim’s visionary leadership in business and the energy sector is unparalleled. We are delighted by the prospect of having Jim join the Acceleware Board and to seeing the potential benefits Jim can deliver to the Company and its shareholders through the hard-earned business and commercial experience, skill sets, and relationships he has carefully nurtured and developed over several decades.”
Acceleware and the entire Board extend their sincere thanks to outgoing director Jens Horstmann, a valued contributor for the past 12 years. Jens has advised that he will not stand for Board re-election.
About Jim Boucher
A highly respected Indigenous leader, executive, and philanthropist, Jim Boucher is a champion for sustainable and environmentally responsible development, social prosperity, and economic inclusion for Indigenous peoples. In 2020, he co-founded the Saa Dene Group of Companies. In his role as President, Jim is working with a variety of partners to pursue opportunities in multiple sectors with one clear vision: to increase diversity and inclusive opportunity through meaningful economic and social participation in the global economy.
“Acceleware can meaningfully address a lot of the environmental issues and concerns that come along with responsible resource development while recognizing innovation and technological advancements that can improve performance with respect to how resource development occurs,” said Jim Boucher. “I look forward to the opportunity to support the Acceleware team in commercializing this game-changing technology.”
Jim Boucher is Cree and Dene and is the former long-standing elected Chief of the Fort McKay First Nation, one of the most successful First Nations in Canada. Under his leadership, the First Nation’s Community Wellness-Being Index became one of the highest in Canada and above the average for a non-Indigenous community – with next to zero unemployment, a higher level of education, and a per capita average income exceeding the Canadian Federal and Provincial average. The Fort McKay First Nation-owned and controlled companies generated $2.36 billion in revenue (2013-2018). Jim was a driving force in the Fort McKay First Nation historic, and largest ever Indigenous energy partnership – the $1 billion East Tank Farm deal. Jim’s leadership was built upon a foundation of trust and collaboration, with the transaction serving as a model for how Indigenous groups and energy development companies can work together to achieve mutual long-term benefit – hallmarks of Jim’s business style.
Jim Boucher has received more than a dozen notable awards and accolades throughout his career. Most recently, Mr. Boucher was inducted into the 2020 Alberta Order of Excellence, was named one of “The Power 50” – The 50 Most Influential Canadian Business Leaders by The Globe and Mail in 2017, and received the Commendation from the Governor-General for Outstanding Service in 2016. Jim also received the Aboriginal Business Award for Lifetime Achievement from the Canadian Council for Aboriginal Business (2009), the Regional Aboriginal Recognition Award Lifetime Achievement Award (2008), and Indspire (formerly National Aboriginal Achievement) Award – Business and Commerce (2008).
About Acceleware
Acceleware is an innovator of clean-tech oil and gas technologies comprised of two business units: Radio Frequency Enhanced Oil Recovery and Seismic Imaging Software.
Acceleware is developing RF XL, its patented and patent-pending low-cost, low-carbon production technology for heavy oil and oil sands that is materially different from any heavy oil recovery technique used today. Acceleware’s vision is that electrification of heavy oil and oil sands production can be made possible through RF XL, supporting a transition to much cleaner energy production that can quickly bend the emissions curve downward. Further, Acceleware’s RF XL technology could be a key component of an end-to-end integrated carbon management system that can eliminate greenhouse gas emissions associated with heavy oil and oil sands production, whether for fossil fuels, or future clean bitumen by-products such as petrochemicals, carbon fiber, and blue or green hydrogen production. RF XL uses no water, requires no solvent, has a small physical footprint, can be redeployed from site to site, and can be applied to a multitude of reservoir types. In shallow oil sands implementations, no tailings ponds will be required.
Acceleware has partnered with Saa Dene Group (co-founded by Jim Boucher) to create Acceleware | Kisâstwêw to raise the profile, adoption, and value of Acceleware technologies. The shared vision of the partnership is to improve the environmental and economic performance of the energy sector by supporting ideals that are important to Indigenous peoples, including respect for the land, water, and clean air.
The Company’s seismic imaging software solutions are state-of-the-art for high fidelity imaging, providing the most accurate and advanced imaging available for oil exploration in complex geologies.
For more information: https://www.acceleware.com/
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