Business Description
Acorn Energy, Inc. is a holding company focused on technology driven solutions
for energy infrastructure asset management. Each of our three businesses is
focused on helping its customers achieve greater productivity, reliability,
security and efficiency.
Through our majority or wholly-owned operating subsidiaries, we provide the
following services and products:
Energy & Security Sonar Solutions. We provide 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 sonar and
acoustic systems such as Hull Mounted Sonar systems (“HMS”) for
surface ships and real-time embedded hardware and software development and production
through our DSIT Solutions Ltd. (“DSIT”) subsidiary.
Smart Grid Distribution Automation. These products and services are provided
by our GridSense Inc. subsidiary (“GridSense”) which develops markets
and sells remote monitoring and control systems to electric utilities and industrial
facilities worldwide.
Machine-to-Machine (“M2M”) Critical Asset Monitoring & Control
(formerly Power Generation (“PG”) Monitoring). These products and
services are provided by our OmniMetrixTM, LLC (“OmniMetrix”) subsidiary.
OmniMetrix’s M2M products and services deliver critical, real-time machine
information to customers and provide remote diagnostics and prognostics that
give users real-time visibility of their equipment and assets.
In 2012, DSIT began to leverage its acoustic signal processing capabilities
for land seismic security applications and to extend its current offering by
developing and integrating into its existing line of naval products, a new sensor
based on advanced fiber-optic sensing technology. This new sensor will enable
DSIT to grow into new business domains, including maritime and land-based perimeter
security applications, pipeline leak detection and Structure Health Monitoring
(SHM) of airborne vehicles such as UAVs.
GridSense provides a range of offerings to utilities worldwide that help them
identify, and in some cases prevent, outages and failure conditions. GridSense
offerings cost-effectively identify issues on transformers from the substation
to the poletop, overhead distribution and transmission lines. GridSense also
provides solutions for underground line monitoring, power quality analysis,
and close up inspection of energized, high voltage assets.
OmniMetrix LLC is a Georgia limited liability company established in 1998 based
in Buford, Georgia that develops and markets M2M (machine-to-machine) wireless
remote monitoring and control systems and services for multiple markets in the
Internet of Things ecosystem: critical assets (including stand-by power generators,
pumps, pumpjacks, light towers, turbines, compressors, as well as other industrial
equipment) as well as corrosion protection for the pipeline industry (gas utilities
and pipeline companies). Acorn owned 100% of OmniMetrix up until October 2015,
when one of Acorn’s directors acquired a 10% interest in OmniMetrix Holdings,
Inc. which is the holder of 100% of the membership interests OmniMetrix, LLC.
This was followed by a subsequent acquisition by the director of an additional
10% interest in November 2015.
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