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Acorn Energy Subsidiary DSIT Announces the Award of New Projects

Posted on: Friday, 4 April 2008, 12:00 CDT

GIVAT SHMUEL, Israel and MONTCHANIN, Del., April 4, 2008 /PRNewswire/ -- Acorn Energy, Inc. today announced that its DSIT subsidiary has been awarded new development and production projects at a total value of approximately US $900,000. One of the projects is an order by a large European customer for a sonar and acoustic subsystem. The others are wireless communications projects for major defense contractors.

(Logo: http://www.newscom.com/cgi-bin/prnh/20080205/NYTU084LOGO )

Commenting on the project awards, Benny Sela, CEO of DSIT, stated: "These projects give us the opportunity to leverage the unique expertise that we have acquired in previous development of these subsystems. These projects, which are being conducted for customers we have worked with in the past, clearly reflect the satisfaction of our customers who continue to return to us." Mr. Sela added that there is potential for additional business for these subsystems from these customers.

Dan Ben-Dov, DSIT's VP Sales & Marketing, remarked: "DSIT is proud of its leadership position in the development of advanced sonar and acoustic systems involving signal acquisition and processing, for underwater site security and in sonar training. We believe that this market has tremendous potential for growth."

About DSIT

DSIT, a software solutions provider specializing in defense and energy solutions, is a subsidiary of Acorn Energy, Inc. (NasdaqGM: ACFN). DSIT's AquaShield(R) sonar technology allows owners of fossil fuel infrastructure assets such as oil rigs, pipelines, and oil terminals to protect their investments at a small fraction of their replacement cost. DSIT has established itself as a leader in the field of threat detection for underwater energy infrastructure and has won the first contract for such an installation. For more information visit http://www.dsit.co.il/.

About Acorn Energy, Inc.

Acorn Energy is a publicly traded holding company focused on improving the efficiency of the energy grid and reducing the environmental impact of the energy sector. Acorn Energy's 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 Comverge, CoaLogix, DSIT, Gridsense, Local Power and Paketeria. For more information visit http://www.acornenergyinc.com/.

Safe Harbor Statement

This press release includes forward-looking statements, which are subject to risks and uncertainties. There is no assurance that DSIT will be successful in obtaining additional business for the subsystems referred to in this release. A complete discussion of the risks and uncertainties which may affect Acorn Energy's business generally is included in "Risk Factors" in the Company's most recent Annual Report on Form 10-K as filed by the Company with the Securities and Exchange Commission.

Contact: Christy Miller, Communications Acorn Energy, Inc. 302.656.1707 cmiller@acornenergyinc.com

Photo: NewsCom: http://www.newscom.com/cgi-bin/prnh/20080205/NYTU084LOGOAP Archive: http://photoarchive.ap.org/PRN Photo Desk, photodesk@prnewswire.com

Acorn Energy, Inc.

CONTACT: Christy Miller, Communications, Acorn Energy, Inc.,+1-302-656-1707, cmiller@acornenergyinc.com

Web site: http://www.acornenergyinc.com/http://www.dsit.co.il/

Source: PRNewswire

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