Shares of Wilmington-based Acorn Energy rose nearly 17 percent Monday on news that an Israeli under water security company it owns sold its system to a nuclear reactor.
DSIT Solutions annoiunced the order on for an Underwater Security System for the unidentified plant.
The Underwater Security System on order is based on a special version of the company’s best-selling AquaShield Diver Detection Sonar. This version is s tailored to give superior performance against any type of intruder approaching a nuclear power plant’s vulnerable water intake.
The threats that the system is designed to counter include scuba and combat divers, divers using diver propulsion vehicles and unmanned underwater vehicles.
Dan Ben-Dov, DSIT’s vice president for sales and marketing commented, “Less than two weeks after announcing an order for an Underwater Security System for a European nuclear power facility, we are very excited to announce another important order for an Underwater Surveillance System for an another nuclear power station. We are both thankful and proud for this vote of confidence shown to us by one of the world’s leading nuclear power plant operators. This order further strengthens our belief that there are significant growth opportunities for DSIT in this segment of the market.”
The system’s installation is planned for the end of 2014.
Acorn Energy, Inc. is a holding company whose four portfolio companies. 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 Systems supplies fiber optic sensing solutions to increase oil/gas production and lower costs. DSIT provides security solutions from underwater threats to naval and marine based energy assets.
Shares of the company have been trading well under their 52-week high of more than $6, closing Monday at $1.94
