Christopher E. Clouser Elected Acorn Energy, Inc., Non-Executive Chairman of
WILMINGTON, Del., Nov. 15, 2012
WILMINGTON, Del., Nov. 15, 2012 /PRNewswire/ --Acorn Energy, Inc. (NASDAQ:
ACFN), today announced that Christopher E. Clouser was elected Chairman of the
Board by a unanimous vote of his fellow Directors on Tuesday, November 13,
(Logo: http://photos.prnewswire.com/prnh/20120426/NY96114LOGO )
Mr. Clouser also serves as Chairman of the International Tennis Hall of Fame
and Museum in Newport, Rhode Island. Prior to his current positions, he was
President of the Association of Tennis Professions (ATP), where he also served
as Chairman of ATP Properties and Chair of the ATP Foundation. He has served
on the corporate Boards of Directors of Piper Jaffray Inc., Gibson
Guitar/Baldwin Corp., Mall of America, Pepsi Americas, Marquette Bancshares,
Delta Beverage and Mesaba Aviation. In addition Mr. Clouser was Co-Chairman of
the Advisory Board of Transamerica Retirement Management (TRM).
"I believe a great Chairman and Board of Directors is a tribute to the power
of a company's vision and opportunity. Chris Clouser is a proven business
leader and can help us accelerate the growth of our portfolio companies. He
has an international reputation for success and relationships at the highest
levels of our global governments, financial services companies and our
potential customers. I am excited to learn from him and to work with him to
benefit our shareholders and customers," said John Moore, President & CEO,
Mr. Clouserhas held senior level positions including: President of Burger
King Brands; President and CEO of Preview Travel/Travelocity; CEO of the
Minnesota Twins Major League Baseball Club; Senior Vice President & Chief
Communications Officer of Northwest Airlines; Corporate Vice President of
Public Affairs and Communications of Hallmark Cards; and Senior Vice President
and Chief Administrative Officer of Sprint.
"Chris Clouser is an outstanding business executive with successful experience
in a wide variety of industries. He will partner with CEO John Moore to ensure
the achievement of Acorn Energy's great potential," said Ed Woolard former
Chairman and CEO of DuPont and Chairman of Conoco Phillips, now Senior Advisor
to Acorn Energy.
"I am excited about the opportunities and challenges presented as a result of
being named Chairman of the Board of Acorn Energy. It is my belief that Acorn
and its portfolio companies are poised to become segment leaders in the coming
world of digital energy. My responsibility is to assist our CEO John Moore
and ensure that Acorn continues to provide the means for all of the companies
to reach the corporate goals we have mapped for them," stated Mr. Clouser,
Chairman Acorn Energy.
About Acorn Energy, Inc.
Acorn Energy, Inc., the digital energy company, is a holding company focused
on making energy better by providing digital solutions for energy
infrastructure asset management.The four businesses in which we have
controlling interests, improve the world's energy infrastructure by making it:
more secure - providing security solutions for underwater energy
infrastructure (DSIT); more reliable - providing condition-based monitoring to
critical assets on the electric grid (GridSense, OmniMetrix) and more
productive and efficient - increasing oil and gas production while lowering
costs through use of permanent ultra-high sensitive seismic tools that allow
for a more precise picture of reservoirs (US Seismic). For more information
Safe Harbor Statement
This press release includes forward-looking statements, which are subject to
risks and uncertainties. There is no assurance that Acorn Energy, Inc. or its
operating companies will continue to grow their respective businesses, or that
any of them will meet the expectations or execute the initiatives described or
referred to above. A complete discussion of the risks and uncertainties which
may affect Acorn Energy's business generally and the businesses of its
subsidiaries is included in "Risk Factors" in the Company's most recent Annual
Report on Form 10-K and its most recent 10-Q as filed by the Company with the
Securities and Exchange Commission.
Investor & Press Contact:
Paul G. Henning
SOURCE Acorn Energy, Inc.
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