Key Developments: Acorn Energy Inc (ACFN.W)
8.60USD
18 Jun 2013
$0.52 (+6.44%)
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Latest Key Developments (Source: Significant Developments)
Acorn Energy Inc's DSIT Solutions Ltd Secures Contract
Acorn Energy Inc's DSIT Solutions Ltd announced the receipt of multiple orders from an undisclosed Navy for a number of AquaShield Underwater Security systems. The orders totaling $3.2 million are for immediate production and delivery. The customer has been using the DSIT AquaShield Diver Detection Sonar (DDS) and PointShield Portable Diver Detection Sonar (PDDS) systems for protection of the critical assets for a number of years. This round of orders is designed to further broaden their already existing tight maritime security. The AquaShield underwater surveillance solution includes automatic detection, tracking and classification for both scuba and closed circuit divers. Full Article
Acorn Energy Inc's US Seismic Systems, Inc Receives Order for Down-Hole Seismic Fiber-Optic Array
US Seismic Systems, Inc., an Acorn Energy Inc announced it has secured another order for their Ultra-High Sensitivity (UHS) fiber-optic sensing system. This system is designed for use by one of the 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 unconventional oilfield holdings. Terms of the sale are confidential. Full Article
Acorn Energy Inc Announces Quarterly Dividend
Acorn Energy Inc announced that its Board of Directors has approved a dividend of $0.035 per share to be paid on March 4, 2013 to common stockholders of record on February 20, 2013. Full Article
Acorn Energy Inc's GridSense Secures Order For Pole Top And Underground Transformeriq Monitors From California Utility
GridSense, an Acorn Energy Inc announced the sale of an additional 200 TransformerIQ advanced monitoring units to a major California utility. The 200 TransformerIQ devices will be used to monitor and secure valuable data from overhead and underground transformers dispersed throughout the utility's residential distribution grid. The total order for 700 units is valued at over $1 million. Full Article
Acorn Energy Inc Elects New Chairman
Acorn Energy Inc announced that Christopher E. Clouser was elected Chairman of the Board of Directors on November 13, 2012. Full Article
Acorn Energy Inc's DSIT Secures Contract For Six Portable Diver Detection Sonar Systems For Protection Of Naval Vessels
Acorn Energy Inc announced that DSIT, an Acorn Energy Inc. company, announced receipt of an order for six of PointShield Portable Diver Detection Sonar (PDDS) systems. The PointShield PDDS units were ordered by defense integrator for use by a Navy to protect naval vessels at anchor at home and at remote points of berth. The end user is a repeat customer for DSIT's underwater security systems, who has already purchased both DSIT's AquaShield Diver Detection (DDS) systems and PointShield PDDS systems. Full Article
Acorn Energy Inc Announces Quarterly Dividend
Acorn Energy Inc announced that its Board of Directors has approved a dividend of $0.035 per share to be paid on December 3, 2012 to common stockholders of record on November 15, 2012. The dividend follows Acorn Energy's policy to pay a regular quarterly per share dividend of $.035 per quarter. Full Article
Acorn Energy Inc's DSIT Solutions Ltd Receives Multiple Recurring Orders For Development And Production
DSIT Solutions Ltd., an Acorn Energy, Inc. announced that it has disclosed the receipt of several recurring orders for development and production from a number of its customers in Israel. The total value of these orders is approximately $1.1 million. Full Article
Acorn Energy Inc's US Seismic Systems Inc Receives Order For Permanently Deployed Down Hole Seismic Fiber Optic Array For CCS Monitoring From University Of Calgary
US Seismic Systems Inc., an Acorn Energy, Inc., announced it has secured another order for their Ultra-High Sensitivity fiber-optic based sensor array. This array is designed for use by researchers at the University of Calgary's Department of Geoscience for permanent carbon capture and sequestration (CCS) monitoring. CCS refers to technology used to capture CO2 from power plants and other industrial facilities and inject it into deep subsurface geological formations to keep it from entering the atmosphere to combat climate change. Full Article
Acorn Energy Inc's DSIT Solutions Ltd Receives Order For Advanced Sonar Simulator From Defense Contractor In Asia
Acorn Energy Inc announced that it has received an order for an advanced Sonar Simulator from defense contractor in Asia. The value of the contract is approximately $700K. This order follows a lengthy bidding and evaluation process in which DSIT was selected as the supplier for the sonar trainer. The trainer will realistically simulate the operation of a hull mounted sonar system. This advanced sonar simulator is the latest in the Company's list of simulators and trainers supplied to navies around the world. Full Article
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