Acceleware has redefined computing power by leveraging emerging architectures to effectively increase the parallel processing computing resources and memory bandwidth. The result is unparalleled performance and speed.
Designed for seamless integration with your existing software tools, our products put the power of a ‘super’ computer in your hands. Simply put – we empower you to turn your computing hours into computing minutes.
*Limitations apply: Superpowers do not include x-ray vision or the ability to fly.
Acceleware Announces $2,925,000 Investment by NVIDIA Corporation
CALGARY, ALBERTA -- (MARKET WIRE) -- January 22, 2007 -- Acceleware Corp. (the "Corporation" or "Acceleware") (TSX VENTURE: AXE) is pleased to announce that it has signed an agreement to complete a non-brokered private placement of 4,500,000 units (each a "Unit") to NVIDIA Corporation (NASDAQ: NVDA) at a price of $0.65 per Unit for aggregate gross proceeds of $2,925,000 (the "Offering"). The price per Unit represents a 20% discount from Market Price on January 11, 2007, which was reserved with the TSX Venture Exchange on January 12, 2007. Each Unit consists of one common share (a "Common Share") and one-half of one common share-purchase warrant (a "Warrant"). Each whole Warrant is exercisable into one Common Share at a price of $1.29 per Common Share for a period of 24 months from the issuance of the Warrants.