Acorn Secures $5M Contract with Leading Wireless Provider for Remote Monitoring and Control of Cell Tower Backup Generators
ACORN ENERGY INC (ACFN)
US:NASDAQ Investor Relations:
acornenergy.com/investor_information.php
Company Research
Source: GlobeNewswire
WILMINGTON, Del., June 05, 2024 (GLOBE NEWSWIRE) -- Acorn Energy, Inc. (OTCQB: ACFN), a provider of remote monitoring and control solutions for backup power generators, gas pipelines, air compressors and other mission critical assets, through its OmniMetrix operating subsidiary, today announced a significant new contract with one of the nation’s largest wireless telecommunications providers. Under the contract, OmniMetrix will provide monitoring devices and related remote monitoring and control services for between 5-10 thousand cell tower backup generators in the U.S. The monitoring units and monitoring services, which will be deployed over a two-year period, are expected to generate total revenue of approximately $5 million beginning in the third quarter of 2024. Jan Loeb, Acorn’s CEO, commented, “This is the largest contract in OmniMetrix’s history and a major milestone for our Company as it confirms the strength and value of our monitoring technology, monitoring services and ou
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News
- Acorn Secures $5M Contract with Leading Wireless Provider for Remote Monitoring and Control of Cell Tower Backup Generators [Yahoo! Finance]Yahoo! Finance
- Acorn's Q1'24 EPS Improves to $0.03 vs. ($0.03) Loss Per Share on Continued Growth in Remote Monitoring and Control Hardware and Services Revenue [Yahoo! Finance]Yahoo! Finance
- Acorn’s Q1’24 EPS Improves to $0.03 vs. ($0.03) Loss Per Share on Continued Growth in Remote Monitoring and Control Hardware and Services RevenueGlobeNewswire
- Acorn, Provider of Remote Monitoring and Control Solutions for Backup Generators, Hosts Q1 Call Thu., May 9th at 11am ET [Yahoo! Finance]Yahoo! Finance
- Acorn, Provider of Remote Monitoring and Control Solutions for Backup Generators, Hosts Q1 Call Thu., May 9th at 11am ETGlobeNewswire
ACFN
Sec Filings
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 8-K
- 5/2/24 - Form SC
- ACFN's page on the SEC website