CMG Targets Faster Simulation Solutions with NVIDIA Accelerated Computing
November 04 2024 - 7:00AM
Computer Modelling Group Ltd. (“CMG” or the “Company”) (TSX: CMG)
today announced it is collaborating with NVIDIA to further develop
and optimize CMG subsurface simulation solutions for increased
speed, performance, and energy efficiency.
CMG is continuing the evolution of its
simulation solutions to fully leverage the potential of NVIDIA’s
full-stack accelerated computing platform, including NVIDIA H100
Tensor Core GPUs, NVIDIA GH200 Grace Hopper™ Superchips, and the
NVIDIA high-performance computing software stack, as well as the
high-performance computing software development kit. By
leveraging NVIDIA’s platform, CMG aims to unlock improvements
to computational speed while maintaining the high degree of
technical accuracy that the company is known for.
A large focus for CMG is also energy transition.
Not only is CMG a leader in reservoir simulation solutions but is
also at the forefront driving new solutions for carbon capture and
storage (CCS) simulation, which are key to the energy transition.
Additionally, running on the NVIDIA GH200 platform can allow for
less energy consumption when running CMG’s solutions.
“Leveraging NVIDIA accelerated computing offers
CMG a platform to innovate at the intersection of numerical
simulation, AI, and high-performance computing,” said Pramod Jain,
CEO of CMG. “Our work with NVIDIA underscores CMG’s ongoing
dedication to technological excellence, demonstrating our
commitment to advancing industry-leading simulation solutions and
delivering greater value to our clients by prioritizing speed and
efficiency.”
By integrating NVIDIA’s full-stack accelerated
computing platform, CMG can continue to empower energy companies to
make faster, more informed decisions, helping them optimize
both oil and gas production and energy transition projects
like CCS.
“Among the world’s most complex problems to
tackle are subsurface simulations,” said Marc Spieler, senior
managing director of energy at NVIDIA. “CMG’s adoption of NVIDIA AI
and accelerated computing provides an energy-efficient,
high-performance computing platform to drive meaningful change in
conventional energy applications and support a wide range of energy
transition initiatives.”
About CMG
CMG (TSX: CMG) is a global software and
consulting company that combines science and technology with deep
industry expertise to solve complex subsurface and surface
challenges for the new energy industry around the world. CMG is
headquartered in Calgary, AB, with offices in Houston, Oxford,
Dubai, Bogota, Rio de Janeiro, Bengaluru, Kuala Lumpur, and Oslo.
For more information, please visit www.cmgl.ca.
Cautionary Note Regarding Forward Looking
Information
Certain statements contained in this press
release constitute forward-looking information. These statements
relate to future events or future performance. The use of any of
the words “aims”, “target”, “optimize”, “benefit”, and similar
expressions and statements relating to matters that are not
historical facts are intended to identify forward-looking
information and are based on CMG’s assumptions or beliefs as to the
outcome or timing of such future events. In particular, this press
release contains forward-looking information relating to, among
other things, the expected benefits of the partnership, and the
optimization of solutions for speed, performance and energy
efficiency, and the expected impact on client operations and
decision-making processes. Various assumptions are applied in
setting such expectations, including, but without limitation,
market acceptance and demand for the products, the operational
benefits and the potential time and cost savings relating to the
integration and use of these products. Although such statements are
based on the reasonable assumptions of CMG’s management, there can
be no assurance that any conclusions will prove to be accurate. The
forward-looking information contained in this press release is made
as of the date hereof. Except as required by applicable securities
laws, CMG is not obligated to update or revise any forward-looking
information, whether as a result of new information, future events,
or otherwise. Because of the risks and assumptions contained
herein, investors should not place undue reliance on
forward-looking information.
For investor inquiries, please contact:
Kim MacEachern
Director, Investor Relations
cmg-investors@cmgl.ca
For media inquiries, please contact:
marketing@cmgl.ca
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