Acceleware, Paradigm, NVIDIA and TSA Join Forces at SEG to Make Reverse Time Migration More Affordable

Acceleware, Paradigm, NVIDIA and TSA Join Forces at SEG to Make Reverse Time 
Migration More Affordable 
HOUSTON, USA -- (Marketwired) -- 09/23/13 -- Acceleware Ltd. (TSX
VENTURE:AXE) today announced at the 83rd annual meeting and
international exposition of the Society of Exploration Geophysicists
(SEG), the availability of a special bundled offering with
technologies from Paradigm, NVIDIA and TSA for Reverse Time Migration
(RTM). Collectively these vendors are committed to improving access
to RTM with a special pricing promotion including software, hardware
and integration services, plus an arrangement for customers to test
drive their data using this technology.  
RTM is an advanced pre-stack depth migration technique used to both
image and model the subsurface in areas of complex geologies. As
resource exploration moves into more challenging geologies, the RTM
technique becomes a vital tool in minimizing financial and
environmental risks.   
"Paradigm is excited to be a part of this effort to encourage more
companies to take up this powerful imaging and modeling technology.
We are committed to providing customers leading edge seismic imaging
solutions and RTM is a key component of our portfolio," said Duane
Dopkin, Executive VP - Technology at Paradigm.   
"GPU accelerators help produce superior subsurface images that lead
to better drilling decisions, at a rate of 4 to 6 times more
throughput and with better energy efficiency than conventional
CPU-based clusters," said Paul Holzhauer, Director of Oil and Gas at
NVIDIA. "We're working with Acceleware, Paradigm and TSA to help oil
and gas customers take full advantage of the benefits of
GPU-accelerated RTM processing." 
"By facilitating the coming together of several leading vendors for
this bundle our objective was to open up RTM to the entire spectrum
of interested companies. The collaboration has been designed to
provide companies with the chance to try the technology and give them
a break on the set up costs," said Geoff Clark, Chief Executive
Officer at Acceleware.   
The companies are offering customers discounted pricing on RTM
software, both for Paradigm Echos RTM and Acceleware AxRTM(TM)
library; NVIDIA and HP are providing a competitively priced, bundled
hardware package; and TSA is offering discounted integration services
and testing time on its GPU cluster.  
For more information please visit: Acceleware.com/rtm-promotion  
About SEG 2013  
The SEG annual meeting and international exhibition is the world's
largest oil, energy, and mineral show exhibiting advanced technology
for use in exploration and development. It is being held in Houston,
Texas, 22-27 September at the George R. Brown Convention Centre.  
About AxRTM  
Since 2008, Acceleware's AxRTM pre-stack two-way wave equation
migration library with isotropic, VTI and TTI capabilities has lead
the industry in compute performance. Uniquely supporting NVIDIA Tesla
GPUs, Intel Xeon Phi coprocessors and multi-core CPU clusters, the
AxRTM library provides seismic data processors with an economically
viable RTM solution. Advanced geophysical imaging features including
dual TTI formulations for stability and speed, high quality image
condition, obliquity correction and innovative noise removal produce
high quality images of exceptional detail. AxRTM is available in
library form direct from Acceleware, and in integrated software
platforms from Paradigm and Tsunami Development. DownUnder
GeoSolutions offers a complete RTM processing service powered by
AxRTM.   
About Acceleware 
Acceleware (www.acceleware.com) develops and markets high performance
computing (HPC) software solutions for the engineering and energy
industries. These solutions allow customers to speed-up simulation
and data processing algorithms, benefitting from HPC technologies
such as multi-core CPUs and massively parallel many-core GPUs.
Acceleware software, specialized HPC training and consulting services
are deployed by companies worldwide such as Boston Scientific,
Samsung, LG, General Mills, Nokia, RIM, Medtronic, Hitachi, FDA,
Mitsubishi, Sony Ericsson, Fugro and Rock Solid Images to speed up
product design, analyze data and make better business decisions.  
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:
Pam McMinn
+1 (403) 249-9099, ext 287
pam.mcminn@acceleware.com