Acorn Energy Provides Clarification Regarding an SEC Lawsuit Against a Texas Company With Similar Name

MONTCHANIN, Del., Nov. 12, 2010 /PRNewswire/ -- Acorn Energy (Nasdaq: ACFN) a Delaware corporation headquartered in Montchanin, Delaware ( the "Company"), has been informed by the SEC that a Nevada corporation headquartered in Texas using the name Acorn Energy has been sued by the SEC. The SEC has further informed the Company that such lawsuit does not involve or relate to the Company.

About Acorn Energy

Acorn Energy, Inc. (Nasdaq: ACFN) is a publicly-traded holding company with equity interests in CoaLogix, Coreworx, DSIT, GridSense and US Sensor Systems Inc. These companies leverage advanced technologies to transform and upgrade the energy infrastructure around the world. Acorn companies are focused on three problems in the energy sector: improving the efficiency of the energy grid, reducing the risk for owners of large energy assets, and reducing the environmental impact of the energy sector. Acorn's strategy is to take primarily controlling positions in companies led by great entrepreneurs. 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 CoaLogix, DSIT, Coreworx, GridSense or US Sensor Systems Inc. or Acorn Energy, Inc. will continue to grow their respective businesses, execute the initiatives described above, meet the expectations described above  or the Company will achieve the expected consolidated revenue in 2010.  Factors which may cause results to differ from those forecasted include delays in (i) orders or production , (ii) contracts processing; (iii)  awards of expected contracts; and (iv) development and acceptance of products and services.  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 as filed by the Company with the Securities and Exchange Commission.

SOURCE Acorn Energy

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