US Seismic Systems, an Acorn Energy Company, Receives an Order for a Down-Hole Seismic Fiber-Optic Array from a Supermajor Oil Company

Thu Feb 28, 2013 10:15am EST

* Reuters is not responsible for the content in this press release.

For best results when printing this announcement, please click on the link
below:

http://pdf.reuters.com/pdfnews/pdfnews.asp?i=43059c3bf0e37541&u=urn:newsml:reuters.com:20130228:nPnNY68471


CHATSWORTH, Calif., Feb. 28, 2013 /PRNewswire/ -- US Seismic Systems, Inc., an
Acorn Energy, Inc. (NASDAQ: ACFN) company, today announced it has secured
another order for their Ultra-High Sensitivity (UHS) fiber-optic sensing system.
  

(Logo:  http://photos.prnewswire.com/prnh/20120504/NY01342LOGO)

(Logo:  http://photos.prnewswire.com/prnh/20120426/NY96114LOGO)

This system is designed for use by one of the world's largest integrated oil
companies in a permanent down-hole monitoring application to enable on-going and
high-resolution sub-surface imaging of oil and gas reservoirs.  It will be
utilized in a competitive full scale field evaluation by the customer for
potential use as their primary sensing system for permanent downhole monitoring
of their vast unconventional oilfield holdings. Terms of the sale are
confidential.   

"New production techniques are being used to unlock our vast domestic supplies
of unconventional oil and gas making it possible for the US to become energy
independent before the end of the decade," stated  Jim Andersen, USSI's CEO. 
"These new production techniques require higher performance sensing systems for
safe and efficient extraction of the oil and gas in a variety of harsh
environments including high temperature.  USSI's fiber optic sensor arrays have
proven to be the only systems capable of meeting all of these demanding
performance requirements."

"We expect that one day every oil and gas field will be monitored by permanently
embedded down-hole fiber optic seismic sensors," stated  John Moore, CEO of
Acorn Energy.  "This marks a pivotal moment in the oil patch where seismic
technology is transitioning from its traditional role of supporting exploration
to becoming a real-time production tool."

About US Seismic Systems, Inc.

US Seismic Systems Inc. ("USSI"), designs, integrates, manufactures, and sells
fiber optic sensing systems and solutions for the Energy and Defense markets.
USSI utilizes all-optical fiber sensing technology for its state-of-the-art
sensors. USSI's proprietary optical fiber and electronics combine to form the
sensor system. It is designed to replace the legacy electronic-based sensor
systems at a lower cost and with improved performance and reliability.  For more
information visit the USSI website  www.us-si.com   

About Acorn Energy, Inc.

Acorn Energy, Inc. is a holding company whose four portfolio companies help
their customers achieve greater productivity, reliability, security, and
efficiency-factors which can lead to greater profitability.  GridSense-provides
monitoring for all critical points along the electricity delivery system.
OMNIMETRIX-remotely monitors emergency back-up power generation systems to
increase their reliability. US Seismic-supplies fiber optic sensing solutions to
increase oil/gas production and lower costs. DSIT-provides security solutions
from underwater threats to marine based energy assets.  For more information
visit: http://www.acornenergy.com.

Safe Harbor Statement

This press release includes forward-looking statements, which are subject to
risks and uncertainties. There is no assurance that Acorn Energy, Inc. or its
operating companies will continue to grow their respective businesses, or that
any of them will meet the expectations or execute the initiatives described or
referred to above. A complete discussion of the risks and uncertainties which
may affect Acorn Energy's business generally and the businesses of its
subsidiaries is included in "Risk Factors" in the Company's most recent Annual
Report on Form 10-K and its most recent 10-Q as filed by the Company with the
Securities and Exchange Commission.

Investor & Press Contact:  
Paul G. Henning
Cameron Associates  
(212) 554-5462  
Paul@cameronassoc.com

Company Contact:  
Howard Wilkinson
VP Sales & Marketing  
US Seismic Systems Inc.
(818) 446-2513  
hwilkinson@us-si.com

 

SOURCE  US Seismic Systems, Inc.

Comments (0)
This discussion is now closed. We welcome comments on our articles for a limited period after their publication.