Acorn Energy (ACFN) Issues FY12 Segment Outlook

Acorn Energy, Inc. (Nasdaq: ACFN), has issued a corporate update which includes an outlook for 2012.

John Moore, CEO of Acorn Energy stated, "We remain highly enthusiastic regarding the progress that each of our portfolio companies continues to make and we expect a record 2012 from each. Furthermore, the recent acquisition of OmniMetrix, LLC, a leading developer and producer of remote monitoring equipment and systems for emergency power generators and underground pipelines, expands our portfolio further into the emerging world of digital energy infrastructure. OmniMetrix is a profitable and growing enterprise. By investing relatively modest sums to further build its leadership position in on-site power generation monitoring and pipeline safety, we believe we can make a significant impact on stockholder value."

From the report

2012 Outlook - DSIT:

• Record revenues
  
• New customer acquisition
  
• AquaShield™ product line extensions
  
• Collaboration with US Seismic for harbor- and land-based security offerings

2012 Outlook - GridSense:

• Expansion of Transformer IQ™ major deployments
  
• New field applications of the Transformer IQ
  
• New software and hardware product platform introductions

Overview and 2012 Outlook - OmniMetrix:

• $3.0 million in revenues in 2011, up from $1.7 million in 2010 based on unaudited financial statements
  
• $0.8 million pre-tax Income in 2011
  
• $8.5 million purchase price. Net of cash, receivables and payables (expected to be approximately $1.0 million) this represents a 2.5 multiple of sales
  
• Immediately accretive
  
• Subscription business model with a strong base of recurring revenue
  
• Will continue to build upon key partnerships within multi-billion dollar generator industry
  
• Expand penetration of prestigious reference pipeline customers

2012 Outlook - US Seismic Systems:

• First commercial shipments expected in the first half of 2012
  
• First commercial trial results and product feedback expected by the third quarter of 2012
  
• Continuing field demonstrations for new potential customers
  
• Capacity expansion to transition from engineering focus to production

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