GridSense™, an Acorn Energy Company, is named a 2012 GoingGreen
"Global 200 Top Company to Watch"
SACRAMENTO, Calif.,
Nov. 20, 2012 /PRNewswire/ --
GridSense™, an Acorn Energy (NASDAQ: ACFN) company that develops
and markets advanced monitoring solutions for the electric power
industry, has been named by AlwaysOn one of its GoingGreen 200 Top
Global Companies to Watch for 2012. AlwaysOn is the
premier source for the analysis and prediction of top trends and
top companies in Greentech and other industries. Among the
companies AlwaysOn highlighted prior to their breakouts include
Google, Salesforce.com, Skype and Tesla. The GoingGreen Global
200 celebrates companies that "disrupt the established energy,
manufacturing and technology worlds" and pioneer "new ways to
deliver efficient products to a resource-hungry world."
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By winning this award GridSense now becomes the second Acorn
Energy Company to be honored with a GoingGreen Award by AlwaysOn.
In 2009 CoaLogix was a GoingGreen award winner, and in 2010
CoaLogix was chosen by AlwaysOn as one of the GoingGreen East
Winners. Acorn successfully completed the sale of CoaLogix in
2011 for $101 million to Energy
Capital Partners.
"We are honored to be recognized by GoingGreen," says
GridSense™ CEO Lindon
Shiao. "Our intelligent monitoring solutions for
transformers and overhead lines are engineered to help utilities
provide more reliable and efficient service, helping them maximize
current resources and minimize the need for new generation
facilities. It's great to be recognized for making progress in
those areas."
The GridSense™ focus on optimization stems from the
utility industry's dual challenges of increased efficiency mandates
combined with minimal additional resource allocation.
Utilities must do more with what they have, including; adapt to the
disruptive influence of renewables, minimize downtime, and meet
increasingly stringent efficiency mandates.
GridSense™ monitoring solutions are designed to help
utilities achieve these goals.
The GoingGreen Global 200 Top Companies to Watch were
selected by a panel of industry experts that included the AlwaysOn
editorial team, as well as its venture capital and enterprise
partners.
About GridSense Inc.
GridSense is a smart grid
technology company dedicated to providing innovative, practical and
cost effective monitoring solutions to the electric power industry.
Utilizing in-depth industry knowledge and understanding of utility
requirements, we provide technology and services that help the
industry address the limitations of old and aging infrastructure.
We apply experience and technical know-how with new insight and
ideas to create intelligent, reliable and leading edge technologies
that add value to our customers and shape the future of the modern
electrical power system. For more information visit
(www.gridsense.com).
About Acorn Energy, Inc.
Acorn Energy, Inc., the
digital energy company is a holding company focused on making
energy better by providing digital solutions for energy
infrastructure asset management. The four businesses in
which it has controlling interests, improve the world's energy
infrastructure by making it: more secure - providing security
solutions for underwater energy infrastructure (DSIT); more
reliable - providing condition-based monitoring to critical assets
on the electric grid (GridSense, OmniMetrix) and more productive
and efficient - increasing oil and gas production while lowering
costs through use of permanent ultra-high sensitive seismic tools
that allow for a more precise picture of reservoirs (US Seismic).
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 its most recent Annual Report on
Form 10-K and its most recent 10-Q as filed by Acorn Energy with
the Securities and Exchange Commission.
Contact: Leonce Gaiter
Tel: 916.372.4945
Email: l.gaiter@gridsense.com
SOURCE Acorn Energy, Inc.