Acorn Energy Inc - Company Profile
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Business Description
Acorn Energy Inc (Acorn) is a provider of technology solutions for energy infrastructure asset management in diverse sectors.
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R&D Overview
R&D activities focus on developing new products, besides enhancing its existing PG and CP monitoring systems. The company plans to redesign products to increase the level of innovation and reduce costs in order to increase its future margins. In FY2022, it spent US$0.84 million on R&D, which grew 14.3% YoY and accounted for 12% of the company’s revenue.
Business Segments
Overview
Offers Hero Rectifier Monitor and the Patriot Test Station Monitor, which are used in monitoring cathodic protection systems, a process that reduces rust and corrosion on the steel pipes used to transport natural gas. Markets these products to gas utilities and pipeline companies.
Performance
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Overview
Provides wireless remote monitoring and control systems and services for its critical assets and Internet of Things applications. These products and services are marketed under TrueGuard wireless remote monitors, which are used in emergency power generators and industrial engines.
Performance
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