AquaShield(TM) Diver Detection Sonar to be installed by end of 2008
GIVAT SHMUEL, Israel , Dec. 8 /PRNewswire-FirstCall/ -- DSIT Solutions Ltd., a subsidiary of Acorn Energy Inc. (Nasdaq: ACFN), announced today the sale of its AquaShield(TM) Diver Detection Sonar (DDS) System to an undisclosed EMEA government. The system will be installed in an area with critical infrastructure, including a port and energy production facilities.
"This sale is very important to DSIT as it was concluded following rigorous trials conducted by the customer, which is known for its professionalism and pursuit of high standards," said Dan Ben-Dov , DSIT's Vice President for Sales and Marketing. "That is why we were so pleased when the customer expressed its satisfaction with the AquaShield's performance. In designing the AquaShield we have placed our emphasis on long range detection, automatic mode of operation and low cost of maintenance. This order confirms that this has been the right strategy for DSIT."
The project includes the underwater installation and integration of the system with an already existing Command & Control system. The complete harbor surveillance system will enable the customer to detect, track, classify and promptly respond to above-water as well as underwater threats. The system is expected to be installed and in full operation by the end of 2008.
Benny Sela , DSIT's CEO, was pleased to report that "We are seeing growing interest in the AquaShield system as additional potential customers become aware of the benefits from its installation."
DSIT develops sonar and acoustic solutions and acts as a system integrator for advanced Security and Safety Command and Control systems. The Company's offerings are designed to provide the latest in technology and its intelligent application for the energy, commercial, defense and homeland security markets. For more information visit www.dsit.co.il
About Acorn Energy, Inc.
Acorn Energy, Inc. is a publicly traded holding company focused on improving the efficiency and environmental impact of the energy infrastructure, fossil fuel and nuclear industries. Our 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 CoaLogix, Comverge, Coreworx, DSIT and Gridsense. For more information visit www.acornenergy.com
SOURCE Acorn Energy, Inc.