DSIT Receives a $12.3 Million Order for Underwater Security Systems for Protection of Offshore Rigs and Coastal Energy

DSIT Solutions Ltd., a subsidiary of Acorn Energy, Inc. ACFN, announced today the receipt of its largest order ever for underwater security systems. The contract calls for the delivery of a large number of AquaShield Diver Detection Sonar and PointShield Portable Diver Detection Sonar systems that will protect offshore oil platforms, coastal energy terminals and high value vessels against underwater intrusion and sabotage. The value of the contract between DSIT and an undisclosed Asian customer is $12.3 million. Initial delivery of systems is scheduled to begin immediately with the remainder in 2012.