“Acceleware annouced the launch of its seismic data acceleration solution that provides a multi-fold performance increase to reduce lengthy processing times”

I’m interested in Acceleware as I have 300 shares in my risky business section of my portfolio.  I see this as good news for Acceleware as Oil and Gas is a multi-billion dollar industry.  As with all of their products if they can market themselves correctly then they’ll definitely increase their earnings.

Read the full press release here.

Acceleware is a hardware acceleration company specializing in the acceleration of computing processes. The company was founded from a group of graduate students and professors at the University Of Calgary, Calgary, AB. The original goal of the hardware accelerator cards was to determine a hardware method to speed up Finite Difference Time Domain (FDTD) simulations. For those that aren’t “in the know” hardware cards (your video card) is much MUCH faster then anything that your processor can compute.

Last November, Acceleware signed a $3 million dollar partnership with NVIDIA one of the major players in video cards. This move along with many other partnerships (SPEAG, Agilent Technologies, etc..) is a major move towards solidifying Acceleware’s future. Furthermore, this past quarter Acceleware surpassed the one million dollar mark of sales in a quarter. Finally, Acceleware is expanding their operations to Seismic and Biomedical applications which should widen their scope of clients.

I’m buying this stock as a speculative stock or penny stock. It’s currently at a year low and I think once more companies are aware of this technology the stock will start to rise. In my line of work (Electrical Engineering) I use this product everyday at work. I’ve seen the increase in computational speed with these Hardware cards. If they can adequately market themselves I see Acceleware increasing to the $3 – $5 mark. I’ve purchase 300 stocks.

• 300 Shares at $0.74 = $222 (January 21st, 2008)

I’m very curious to see the 2007 annual report for Acceleware and will be sure to give it a good read through. I’ll let you know if I have any insights from the report.