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

US Seismic Systems, An Acorn Energy Company, Receives Order For The World's Largest All-Optical Down-hole Seismic Array

CHATSWORTH, Calif., Aug. 27, 2012 /PRNewswire/ -- US Seismic Systems, Inc., an Acorn Energy, Inc. portfolio company (NASDAQ: ACFN) announced today that it has secured an order worth over $1 million for a one-hundred level Ultra-High Sensitivity fiber optic based sensor system to be used for down-hole seismic imaging and monitoring in the oil & gas industry.

(Logo: )

(Logo: )

The system will be used to provide improved down-hole seismic imaging of both conventional and unconventional oil & gas fields with bottom hole temperatures up to 200 degrees Celsius throughout the United States and Canada.  US Seismic conducted the sixth field trial of its demonstration equipment three months ago at the University of Texas Devine test well with SR2020 Inc.  "With this order we now have a six for seven ratio of customer demonstrations to orders.  The seventh trial was conducted several weeks ago and the potential customer is still evaluating the data," said Jim Andersen, CEO of US Seismic Systems.

"This order demonstrates the increasing pace of adoption of USSI's advanced fiber optic seismic sensor technology within the oil & gas industry," stated Jim Andersen.

Bill Bartling, President and CEO of SR2020 Inc. stated, "The addition of the USSI Fiber Optic array augments and enhances our time proven analog seismic technology currently in widespread use and expands our market reach to include high temperature applications and narrow gauge boreholes.  Deployed with our proprietary tubing-conveyance system, this provides a marked technical and price advantage over our competitors systems that rely on down-hole electronics or expensive wireline tractors to survey highly deviated or horizontal wells.  The array offers potential additional advantages in event detection sensitivity crucial for accurate microseismic monitoring and high resolution VSP imaging."

About US Seismic Systems, Inc.

US Seismic Systems Inc. ("USSI"), designs, integrates, manufactures, and sells fiber optic sensing systems and solutions for the Energy and Defense markets.  USSI utilizes all-optical fiber sensing technology for its state-of-the-art sensors.  USSI's proprietary optical fiber and electronics combine to form the sensor system.  It is designed to replace the legacy electronic-based sensor systems at a lower cost and with improved performance and reliability.   For more information visit the USSI website

About Acorn Energy, Inc.

Acorn Energy, Inc. is a holding company focused on making energy better by providing digital solutions for energy infrastructure asset management.  The four businesses in which we have controlling interests, improve the world's energy infrastructure by making it: more secure - providing security solutions for underwater energy infrastructure (DSIT); more reliable - providing condition-based monitoring to critical assets on the electric grid (GridSense, OmniMetrix) and more productive and efficient - increasing oil and gas production while lowering costs through use of permanent ultra-high sensitive seismic tools that allow for a more precise picture of reservoirs (US Seismic). For more information visit:

About SR2020 Inc.

SR2020 is a leading independent services and technology company which enables its clients to optimize reservoir management, enabling increased production and reduced costs. It answers difficult reservoir management questions using advanced borehole seismic methods including 3DVSP and microseismic using its proprietary tubing-conveyance system. In addition, SR2020's ProVSP, is a compelling and highly cost-effective alternative to surface recorded 3-D seismic, especially for mapping small-scale reservoir details and time-lapse monitoring of fluid distribution. The company includes among its clients some of the world's largest oil and gas producers and has a long history in borehole seismic technology, reservoir characterization and reservoir monitoring with one of the largest, most skilled and experienced concentrations of borehole seismic knowledge in the world.

1 of 2

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
AAPL $94.36 -0.86%
FB $117.91 0.41%
GOOG $694.86 0.36%
TSLA $231.59 -0.31%
YHOO $35.90 -0.31%


Chart of I:DJI
DOW 17,712.42 -38.49 -0.22%
S&P 500 2,056.97 -6.40 -0.31%
NASDAQ 4,748.1640 -15.06 -0.32%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs