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Acceleware Kicks Off EAGE by Announcing Reseller Agreement with GeoTomo

AMSTERDAM, THE NETHERLANDS -- (Marketwired) -- 06/16/14 -- Acceleware® Ltd. (TSX VENTURE: AXE) and GeoTomo LLC. announced at the 76th annual conference and exhibition of the European Association of Geoscientists and Engineers, that they have signed a reseller agreement which allows GeoTomo to integrate AxRTM™, Acceleware's reverse time migration (RTM) application into the GeoThrust seismic data processing system.

"Partnering with Acceleware allows GeoTomo to quickly implement and offer leading edge RTM technology within GeoThrust, our 2D/3D seismic data processing system," said James Jackson, President of GeoTomo. "AxRTM complements our current suite of advanced imaging technologies and is fully integrated into GeoThrust's interactive workflow. We are excited to offer AxRTM to our GeoThrust user community."

"We are pleased to welcome GeoTomo to our growing list of integrators offering AxRTM to their users," said Geoff Clark, Chief Executive Officer of Acceleware. "The modular architecture of AxRTM is ideally suited to seismic software providers, such as GeoTomo, and companies with in-house seismic applications who require a highly optimized reverse time migration solution which can incorporate their own proprietary methods and tools."

About AxRTM

AxRTM is the most efficient finite-difference reverse time migration software in the seismic market. It is a pre-stack two-way wave equation migration library with isotropic, VTI and TTI capabilities that uniquely supports NVIDIA Tesla GPUs, Intel Xeon Phi coprocessors and multi-core CPU clusters. AxRTM provides seismic data processors with an economically viable reverse time migration solution. Advanced geophysical imaging features including; dual TTI formulations for stability and speed, high quality imaging conditions, obliquity correction and innovative noise removal produce high quality images of exceptional detail.

About GeoThrust

GeoThrust is a unique 2D/3D surface seismic data analysis system designed by Dr. Oz Yilmaz. GeoThrust combines advanced near-surface imaging techniques with innovative subsurface imaging strategies, and presents a powerful solution to difficult earth images problems. It is particular applicable to areas with complex structures associated with overthrust tectonics and complex near-surface with irregular topography. GeoThrust is designed to obtain an accurate earth model and image in time and depth.

About GeoTomo

GeoTomo (www.geotomo.com) develops and offers high-end geophysical software products and provides advanced data processing services that help geophysicists around the world to image the near-surface and subsurface in areas with rough topography, complex near-surface, and complex subsurface. These products include TomoPlus (near-surface imaging & statics solutions), and GeoThrust (seismic data processing system).

About Acceleware

Acceleware (www.acceleware.com) develops high performance seismic imaging and modeling software products and provides innovative technology for radio frequency (RF) heating, an emerging thermal enhanced oil recovery method. As experts in programming for multi-core CPUs and massively parallel GPUs, Acceleware's professional services team specializes in accelerating computationally intense applications for clients to speed up product design, analyze data and help make better business decisions. Acceleware's products and services are used by some of the world's largest energy and engineering companies.

Acceleware is a public company on Canada's TSX Venture Exchange under the trading symbol AXE. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Contacts:
James Jackson
President, GeoTomo
+1 (281) 597-1429
[email protected]

Mike Tourigny
Chief Marketing Officer, Acceleware
+1 (403) 249-9099, ext 277
[email protected]

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