Backup Power Generator Monitoring and Control Provider Acorn to Present at Planet MicroCap Showcase in Las Vegas Wednesday, April 23rd at 11am PT
LAS VEGAS and WILMINGTON, Del., March 27, 2025 (GLOBE NEWSWIRE) -- (OTCQB: ACFN), a provider of remote monitoring and control solutions for backup power generators, gas pipelines and air compressors, will webcast its presentation at the Planet MicroCap Showcase investor conference on Wednesday, April 23rd at 11:00 am PT / 2:00 pm ET on track 3. Acorn’s CEO Jan Loeb will also be available for in-person investor meetings during the conference (booth #207). The event will be held at the Paris Las Vegas hotel in partnership with the .
Acorn’s 2024 results reflected the benefit of an approximately $5M contract with a leading cell phone provider for equipment and remote monitoring services for thousands of cell tower backup generators across the US. Acorn reported 2024 revenue of $10.99M which included $1.66M in revenue from the contract, with accelerating deployments anticipated over the next several quarters. Acorn also reported 2024 net income to shareholders of $6.3M, or $2.51 per share, including a $4.4M deferred income tax benefit, or $1.77 per share, based on 2.5M diluted shares outstanding.
Webcast Access
Date/Time: Wednesday, April 23rd at 11:00am PT / 2:00pm ET
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About Acorn () and OmniMetrix™ ()
Acorn Energy, Inc. owns a 99% equity stake in OmniMetrix, a pioneer and leader in Internet of Things (IoT) wireless remote monitoring and control solutions for stand-by power generators, gas pipelines, air compressors and other industrial equipment. OmniMetrix serves tens of thousands of commercial and residential customers, including over 25 Fortune/Global 500 companies, supporting cell towers, manufacturing plants, medical facilities, data centers, retail stores, public transportation systems, energy distribution and federal, state and municipal government facilities and residential backup generators.
OmniMetrix’s proven, cost-effective solutions make critical systems more reliable and also enable automated “demand response” electric grid support via enrolled backup generators.
Safe Harbor Statement
This press release includes forward-looking statements, which are subject to risks and uncertainties. There are no assurances that Acorn will be successful in growing its business, increasing its revenue, increasing profitability, or maximizing the value of its operating company and other assets. A complete discussion of the risks and uncertainties that may affect Acorn Energy’s business, including the business of its subsidiary, 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.
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