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June 30, 2014
08:33 EDTACFN, SSNISilver Spring Network, GridSense announce partnership
Silver Spring Networks (SSNI) announced that GridSense, an Acorn Energy (ACFN) company, will integrate the GridSense transformer monitoring solution with Silver Spring’s multi-application networking platform to enable more cost-effective, secure and intelligent transformer monitoring for utilities. The new offering within Silver Spring’s Grid Management solution creates mission critical intelligence for grid operation via the in-depth data captured by the GridSense transformer monitoring solution, resulting in cost savings from use of grid assets and increased operational efficiencies through automation.
News For SSNI;ACFN From The Last 14 Days
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March 18, 2015
08:32 EDTACFNAcorn Energy to host conference call
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07:59 EDTACFNAcorn Energy reports DSIT backlog of $28M
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07:58 EDTACFNAcorn Energy suspends operations at USSI subsidiary
Acorn Energy announced that it has stopped funding its majority-owned US Seismic Systems , or USSI, subsidiary and that USSI has suspended operations and terminated substantially all employees. USSI intends to sell its assets and is exploring ways to maximize value for creditors and other stakeholders, expecting that most of the proceeds from any sale of its assets will be used to pay creditors. It is uncertain whether there will be any proceeds available to Acorn Energy or other USSI shareholders. Acorn will record write offs on its 2014 financial statements of substantially all USSI assets, including $4.9M of inventory, $3.4M of goodwill and intangibles, $1.0M of fixed assets.

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