BUFORD, Ga., Sept. 25, 2012 /PRNewswire/ -- OMNIMETRIX, LLC, an Acorn Energy, Inc., (NASDAQ:ACFN) company, announced today that it has established a relationship with a leading regional grocery chain. In conjunction with Nixon Power Services (the world's largest Kohler generator distributor headquartered in Nashville, TN), OMNIMETRIX will supply one of the largest regional supermarkets in the US with backup power supply monitoring capabilities for their generators.
OMNIMETRIX being chosen as the supplier for backup power monitoring technology by Nixon and one of the most distinctive upscale food & pharmacy chains that focused on customer service is a clear indication of its importance in the market. "Recent utility grid failures on the east coast of the US emphasizes the need for reliable back up power for a myriad of facilities. Sustained loss of power accompanied by failed back up power would pose a risk to shoppers and significant financial loss for the stores that OMNIMETRIX will be monitoring," said Deena Redding, President of OMNIMETRIX, LLC.
"This order and the connections it constitutes validate the recent change in our business model that emphasizes growth by connection volume and recurring revenue vs sales of individual units," added Redding.About OMNIMETRIX, LLC OMNIMETRIX, LLC, the world leader in remote on-site power generation monitoring provides expert capabilities in the design and development of wireless field devices and internet-connected data management systems. This includes microprocessor-based, miniature, on-machine field equipment, fully redundant SQL-based data management, and web-delivered equipment status pages. In addition, our pipeline corrosion protection line is led by the Computer Automated Test Station which works hand-in-hand with the OMNIMETRIX Pipe-to- Soil Monitor and Rectifier Monitor creating a comprehensive and technologically advanced wireless corrosion protection monitoring system. For more information visit: http://www.omnimetrix.net . About Acorn Energy, Inc. Acorn Energy, Inc. (NASDAQ: ACFN) is a holding company focused on making energy better by providing digital solutions for energy infrastructure asset management. The four businesses in which it has 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: http://www.acornenergy.com. Safe Harbor Statement This press release includes forward-looking statements, which are subject to risks and uncertainties. There is no assurance that Acorn Energy, Inc. or its operating companies will continue to grow their respective businesses, or that any of them will meet the expectations or execute the initiatives described or referred to above. A complete discussion of the risks and uncertainties which may affect Acorn Energy's business generally and the businesses of its subsidiaries is included in "Risk Factors" in its most recent Annual Report on Form 10-K and its most recent 10-Q as filed by Acorn Energy with the Securities and Exchange Commission.
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts