Energy Stock Alert: Acorn Energy (ACFN) Up over 10%
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Point Roberts, WA - May 14, 2013 (Investorideas.com renewable energy newswire) Investorideas.com staff: Investorideas.com, an investor research portal specializing in investing ideas in leading sectors including renewable energy stocks issues a trading alert for Acorn Energy, Inc. (NasdaqGM: ACFN), trading up at $9.02, gaining 0.83 or 10.14% as of 1:43PM EDT on 157,000 shares.
The company reported that Robert McKee has joined its board of directors having been elected at the May 8, 2013 directors' meeting. Christopher Clouser, Chairman of the Acorn Energy Board of Directors, stated, "Rob McKee is a widely recognized and experienced energy industry expert both domestically and internationally. He brings a tremendous background and a broad understanding of energy technologies and customer needs to our Board. We are pleased he has chosen to join with us during these exciting times for Acorn Energy."
Mr. McKee had a 37 year career at ConocoPhillips and Conoco, Inc., including 10 years as Executive Vice President, Exploration and Production (1992-2002). He was the senior oil advisor to the Coalition Provisional Authority and the Iraqi Oil Ministry in Iraq to manage the rebuilding of its oil industry from September 2003 to March 2004. He is also a Director of QEP Resources, an unconventional oil driller with a $5 billion market capitalization, Post Oak Bank and a board member on the Colorado School of Mines Foundation.
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 naval and marine based energy assets.
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