This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Acorn Energy Companies DSIT And US Seismic Collaborate To Win $900,000 BIRD Development Grant

MONTCHANIN, Del., July 11, 2012 /PRNewswire/ -- Acorn Energy, Inc. (NASDAQ:ACFN), announced today that two of the Acorn Energy portfolio companies, DSIT Solutions Ltd. and US Seismic Systems Inc., were awarded a $900,000 grant from the BIRD Israel-U.S. Binational Industrial Research and Development Foundation. The grant is being awarded for the joint development of the next generation integrated passive/active threat detection system for underwater site protection. The BIRD Foundation provides funding money for projects involving joint innovation and development between American and Israeli companies.

(Logo: )(Logo: )(Logo: )

John Moore, CEO of Acorn commented, "We encourage all of the Acorn portfolio companies to take advantage of synergies within the Group in order to reach company goals faster and better. In this case we are very pleased to see that USSI and DSIT are cooperating on a very exciting project that has generated serious interest and funding from the BIRD Foundation. USSI, a company with vast experience in the field of fiber optic seismic sensors, has developed revolutionary, state-of-the-art fiber optic underwater passive sensors. DSIT is a world leader in active Diver Detection Sonar systems. Both companies bring to the project their unique expertise and experience, in order to develop and integrate a very comprehensive passive/active underwater security system that will meet the needs of water bound energy facilities, offshore platforms, ports and harbors."

The integrated passive/active underwater security system that is the subject of this grant is potentially the most comprehensive system of its kind available. The advantages of combining the world's best passive and active sensors will lead to an underwater system that provides extremely efficient and effective coverage of all areas of a site. The combined system will be designed to provide a much greater probability of threat detection with a lower rate of false alarms for all types of threats.

1 of 3

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free


Chart of I:DJI
DOW 17,813.39 +1.20 0.01%
S&P 500 2,088.87 -0.27 -0.01%
NASDAQ 5,116.1430 +13.3350 0.26%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs