Acorn Energy, Inc., a holding company, offers technology driven solutions for energy infrastructure asset management. Segments Through its majority or wholly-owned operating subsidiaries, the company provides the following services and products: Oil and Gas Sensor Systems: These products and services are provided by a subsidiary, U.S. Seismic Systems, Inc. (USSI), which develops and produces fiber optic seismic sensing systems for enhancing the production of oil and gas from unconventional fields (requiring hydrofracking) and 4D seismic monitoring. Energy & Security Sonar Solutions: The company provides sonar and acoustic related solutions for energy, defense and commercial markets with a focus on underwater site security for strategic energy installations and other advanced acoustic systems and real-time embedded hardware and software development and production through its DSIT Solutions Ltd. (DSIT) subsidiary. Smart Grid Distribution Automation: These products and services are provided by GridSense subsidiaries (GridSense Inc. in the United States and GridSense Pty Ltd. and CHK GridSense Pty Ltd. in Australia - collectively ‘GridSense’) which develop, market, and sell remote monitoring and control systems to electric utilities and industrial facilities worldwide. Power Generation (PG) Monitoring: These products and services are provided by its OmniMetrix, LLC (OmniMetrix) subsidiary. OmniMetrix's PG products and services deliver critical, real-time machine information to customers and provide remote diagnostics that give users real-time visibility of their equipment. Oil and Gas Sensor Systems The Oil and Gas Sensor Systems segment is conducted through USSI. USSI is focused on developing and producing fiber optic sensing systems for the energy market. USSI's fiber optic sensors are designed to replace the legacy electronic sensors which cannot meet the demanding performance requirements needed for the new unconventional oil and gas recovery techniques that are driving the worldwide energy revolution. Products and Services USSI's fiber optic sensors can provide the ability to monitor the fracking process while improving production efficiency at a fraction of the cost of competing technology. Primary product lines for which USSI is developing products include downhole fiber optic sensor systems for hydrofrac monitoring used in unconventional oil and gas exploration and recovery, and 4D seismic reservoir monitoring systems. Hydrofrac (microseismic) monitoring: USSI participates in a multi-company/multi technology shootout hosted by a supermajor oil company. This evaluation is ongoing and has included a high frequency downhole test that validated the superiority of USSI’s wide bandwidth sensor. 4D Reservoir Monitoring: USSI's fiber optic seismic sensors are specifically designed to meet the demanding performance, cost, and reliability requirements needed for permanent installation and advanced 4D seismic analysis. Fiber optic perimeter security: USSI has developed an all-optical security system based upon a microphonic cable that can be mounted on a fence, buried along a border/perimeter, or placed underwater in a harbor. Customers and Markets: USSI targets its products into the oilfield geophysics market. Its potential customers are primarily the oilfield service companies. Competition: USSI has competition from other oilfield fiber optic sensor companies such as Stingray Geophysical Ltd. (Stingray), Weatherford International Ltd., and Petroleum Geo-Services ASA (PGS). Intellectual Property: USSI owns seven U.S. patents and two U.S. trademarks. There are 20 patent applications and one trademark application pending with the U.S. Patent and Trademark Office. USSI also has licensed four key patents from Northrop Grumman related to the electronics associated with optical sensing technology. Energy & Security Sonar Solutions The company owns approximately 88.3% of DSIT. The company offers a range of sonar and acoustic-related solutions to strategic energy installations, as well as defense and homeland security markets. In addition, based on expertise in fields, such as sign
acorn energy inc (ACFN:NASDAQ GM)
3903 Centerville Road
Wilmington, DE 19807
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