US Seismic Systems, Acorn Energy Company, Ships All Optical Array for Marine Based Oil & Gas Operations Under $800K Contract
US Seismic Systems, Inc., an Acorn Energy, Inc. (NASDAQ: ACFN) company, today announced that it has built and shipped an Ultra High Sensitivity fiber-optic based marine seismic array for oil & gas exploration.
The system was purchased by an international service provider and is intended for use as a marine array to aid in the collection and interpretation of data in the hostile environment of deep sea oil and gas operations.
The contract, valued at over $800K, is the first completion of a cycle that starts with testing, evaluating and finally sales and shipment. USSI is moving forward upon this identical cycle with a number of its customers.
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