DSIT Solutions Ltd., a subsidiary of Acorn Energy, Inc. (Nasdaq: ACFN), announced today that it has received orders from an Asian country for its underwater sonar systems. The combined value of the contracts is more than $6 million.
Dan Ben-Dov, VP Sales & Marketing said: "This is the second order of this magnitude that we have received over the past few months, as we continue to grow our leading position in the worldwide market for specialty sonar systems in terms of total value of sales. More importantly the order reflects our expanding customer base of government authorities, navies, security integrators and energy companies."
"As a greater sense of attention and urgency is brought to bear on terminal security, DSIT continues to experience growing demand for our sonar and acoustic products," said Benny Sela, CEO of DSIT. "These orders significantly increase our backlog and, coupled with our active pipeline, positions us for a solid performance in 2010 and into 2011."
John Moore, CEO of Acorn Energy stated: "This order is another testament to the value we are creating for shareholders and customers through our vision to improve and protect the world's energy infrastructure by making it more intelligent."