GridSense™, an Acorn Energy Company, and Landis+Gyr Announce Availability of
Gridstream® Enabled GridSense™ Monitors
SACRAMENTO, Calif. and ATLANTA, Jan. 29, 2013
SACRAMENTO, Calif. and ATLANTA, Jan.29, 2013 /PRNewswire/ -- GridSense™, an
Acorn Energy (NASDAQ: ACFN) company that develops and markets advanced
monitoring solutions for the electric power industry, and Landis+Gyr, the
leading global provider of integrated energy management solutions, are pleased
to announce the availability of GridSense™ LineIQ™ and TransformerIQ™ monitors
equipped with Gridstream platform communication.
(Logo: http://photos.prnewswire.com/prnh/20120504/NY01341LOGO )
The Gridstream solution offers a two-way network platform that forms the
backbone for grid management solutions ranging from advanced meters to
intelligent switches, reclosers, capacitor banks and RTUs. By incorporating
the Gridstream network communication into GridSense™ monitors such as the
TransformerIQ™ and LineIQ™ solutions, utilities are able to expand their
distribution automation capabilities to full-featured overhead line and
transformer monitoring within a trusted, proven and widely deployed
intelligent communications platform. The GridSense™ LineIQ™ solution provides
intelligent overhead line monitoring, while TransformerIQ™ monitors all
failure modes in transformers from the poletop to the substation.
Utilities across the country are striving to maintain reliable, high-quality
power distribution. Advanced monitoring solutions from Landis+Gyr and
GridSense™ will simplify their task. For instance, American Electric Power
(AEP) recently chose this solution to reliably monitor end-of-line voltage in
their Public Service Company of Oklahoma Project. The GridSense™
TransformerIQ™ equipped with the Landis+Gyr Gridstream radio provides a
cost-effective, easily deployable monitoring solution.
"GridSense™ is extremely pleased to integrate the Gridstream communication
platform into our monitoring solutions," says GridSense CEO Lindon Shiao.
"Many utilities are actively using their Gridstream platform for distribution
automation and smart meter rollouts today. These utilities can now accomplish
network-wide, full-featured line and transformer monitoring more
cost-effectively and with less risk simply by leveraging their existing
communications framework. The entire team at GridSense looks forward to
serving this market."
Landis+Gyr Director of Grid Management Solutions, Kent Hedrick, acknowledged,
"Utilities are looking for ways to realize additional benefit from systems
they already have in place. Using the Gridstream platform to bring
intelligent two-way communication to the distribution grid monitoring network,
and pushing the intelligence and decision making closer to the consumer is a
Landis+Gyr is the leading global provider of integrated energy management
products tailored to energy company needs and unique in its ability to deliver
true end-to-end advanced metering solutions. Today, the Company offers the
broadest portfolio of products and services in the electricity metering
industry, and is paving the way for the next generation of smart grid. With
annualized sales of more than US$1.5 billion, Landis+Gyr, an independent
growth platform of the Toshiba Corporation (TKY:6502) and 40% owned by the
Innovation Network Corporation of Japan, operates in 30 countries across five
continents, and employs 5,000 people with the sole mission of helping the
world manage energy better. More information is available at landisgyr.com
GridSense is a smart grid technology company dedicated to providing
innovative, practical and cost effective monitoring solutions to the electric
power industry. Utilizing in-depth industry knowledge and understanding of
utility requirements, we provide technology and services that help the
industry address the limitations of old and aging infrastructure. We apply
experience and technical know-how with new insight and ideas to create
intelligent, reliable and leading edge technologies that add value to our
customers and shape the future of the modern electrical power system.For more
information visit (www.gridsense.com).
About Acorn Energy, Inc.
Acorn Energy, Inc. is a holding company whose four portfolio companies help
their customers achieve greater productivity, reliability, security, and
efficiency—factors which can lead to greater profitability.
GridSense—provides monitoring for all critical points along the electricity
delivery system. OMNIMETRIX-remotely monitors emergency back-up power
generation systems to increase their reliability. US Seismic—supplies fiber
optic sensing solutions to increase oil/gas production and lower costs.
DSIT—provides security solutions from underwater threats to marine based
energy assets. For more information visit:http://www.acornenergy.com.
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 its most recent Annual Report on
Form 10-K and its most recent 10-Q as filed by Acorn Energy with the
Securities and Exchange Commission.
GridSense Contact: Leonce Gaiter
Landis+Gyr Contact: Dan Jacobson
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