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Overview
Highlights
News
Subsidiaries
Chart
Contacts
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| | "The
CoaLogix subsidiary announced in March that in the first two months of
2008 it had secured new contracts from major U.S. utilities potentially
representing more than twice its entire 2007 sales."
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| Approximate
Financial Snapshot as of 5/1/08 |
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| Shares
Outstanding |
13.9M |
| 52
Wk Hi/Lo |
6.10/
3.55
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| Market
Cap |
$65.9M |
| Recent
Price |
$4.74 |
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Acorn
Energy (ACFN)
Website:
www.acornfactor.com
Making
the World a Better Place
Overview
Acorn Energy (Nasdaq: ACFN) is
a holding company focused on improving the efficiency of the energy grid and
reducing the environmental impact of the energy sector. Acorn Energy's
operating companies leverage advanced technologies to transform the existing
energy infrastructure. Acorn's strategy is to take primarily controlling
positions in companies led by great entrepreneurs and add value by
supporting those companies with marketing, strategy and business
development.
Acorn Energy is a global company with equity
interests in three listed companies: 1,762,391
shares (8.6%) of Comverge (listed on the Nasdaq Global Market), 407,000
shares (31.4%) of Paketeria AG (listed on the Frankfurt Stock Exchange), and
15,714,285 shares (22.4%) of GridSense (listed on the TSX Venture Exchange).
Acorn also has controlling or significant interests in three private
companies: CoaLogix, (100%); DSIT (72%); and Local Power (10%).
ACFN
Investor Highlights
- The Company recently
created CoaLogix, Acorn's new platform for participating in the
burgeoning market for clean coal solutions and acquired SCR-Tech, a
leader in catalyst cleaning and regeneration for coal and other fossil
fueled plants in November, 2007.
- Acorn Energy completed its
acquisition of a significant minority interest in GridSense in January
2008, providing the Company a strong foothold in Asia and the emerging
field of remote monitoring and control systems for electrical utilities.
- In January 2008, the
Company completed the redemption of its outstanding convertible
debentures and as a result has virtually no debt.
- In February 2008,
the ACFN's DSIT subsidiary, a leader in the field of threat detection
for underwater energy infrastructure, announced $1.4 million in new
contracts involving the integration of subsystems developed by DSIT into
systems built by customers and opportunities to expand the projects in
the future.
- The CoaLogix subsidiary
announced in March that in the first two months of 2008 it had secured
new contracts from major U.S. utilities potentially representing more
than twice its entire 2007 sales.
- Signed a letter of intent
in March 2008 to acquire Software Innovation, the developer of
Coreworx(TM), a world-leading software tool for collaboration for energy
and other infrastructure for capital projects.
- Recently announced that
its DSIT subsidiary has been awarded new development and production
projects at a total value of approximately US $900,000.
- ACFN has virtually no debt
and approximately $13.6 million in unrestricted cash.
- Acorn Energy now owns
significant interests in three listed companies: 1,762,391 shares (8.6%)
of Comverge (listed on the Nasdaq Global Market), 407,000 shares (31.4%)
of Paketeria AG (listed on the Frankfurt Stock Exchange); and 15,714,285
shares (22.4%) of Gridsense (listed on the TSX Venture Exchange). Acorn
also has controlling or significant interests in three private
companies: CoaLogix, (100%); dsIT (72%); and Local Power (10%).
Recent
News and Press Releases
Acorn
Energy Inc. CEO and CoaLogix CEO to Present at Merriman Curhan Ford &
Co. 4th Annual CleanTech Conference
Acorn
Energy, Inc. Subsidiary, DSIT Announces Award of New Project in Telemetry
Acorn
Energy Equity Affiliate Paketeria AG Announces Stop-in-Shop Program with
Volksbank Hannover
ACORN
ENERGY, INC. Announces Year End Results and Highlights
Acorn
Energy Subsidiary DSIT Announces the Award of New Projects
Acorn
Energy Announces Plan to Acquire Software Innovation, Developer of
Coreworx(TM)
Acorn
Energy and CoaLogix Subsidiary Announce Record Contract Awards
Acorn
Energy Provides Update on Its Capital Structure
For the latest Quote
and News on ACFN Click
Here.
Subsidiaries
Comverge
provides solutions that improve efficiency of the electric grid through
Demand Response. With over 500 U.S. utility clients and 4.5 million devices
installed, Comverge's "smart megawatts" technology is widespread
and in use across the nation.
Paketeria AG
is a German super services provider.
GridSense
is an industry leader that provides remote monitoring and control
systems to electric utilities and industrial facilities worldwide. These
solutions which include outage management, power quality monitoring, trouble
shooting, capacity planning and demand response, provide network operators
with the intelligence to improve efficiencies of grid operations.
CoaLogix
and its subsidiary, SCR-Tech LLC, are the leading providers of catalyst
regeneration technologies and services to reduce noxious
emissions by fossil-fuel power plants.
DSIT
offers software consulting and development services that focus on
naval solutions, including Diver Detection Sonar(DDS) system that protects
critical marine and coastal infrastructures from threat of terror attacks;
Harbor Surveillance System, which incorporates DDS sensors with above-water
surveillance sensors to create above and below water security system; Mobile
Acoustic Range that measures radiated noise of submarines and surface
vessels; Generic Sonar Simulator for training of anti-submarine warfare,
submarine, and mine detection sonar operators; and Underwater Acoustic
Signal Analysis system, which processes and analyzes acoustic signals
radiated by various sources and received by naval sonar systems.
Local Power is a creator of
Community Choice Aggregation, a revolution in renewable power and retail
markets for electricity. Local Power's services enable a community to adopt
a new green energy infrastructure, diversify their electric power away from
fossil fuels and nuclear power.
Three
Month Chart
Contacts
Acorn Energy
4 West Rockland Road 1st Floor
PO Box 9
Montchanin, DE 19710
Phone: 302-656-1708
Fax: 302-994-3086
cmiller@acornenergyinc.com
SEC Filings
ACFN filings with the SEC can be found here.
All Fillings are current and the Company is fully reporting.
Disclaimer
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Information contained in this report was extracted from current documents
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