Market Overview

US Seismic Systems® Inc An Acorn Energy Company, Receives An Order For Its Oilfield Fiber-Optic Sensor System

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US Seismic Systems, Inc., an
Acorn Energy, Inc. (NASDAQ: ACFN) company announced today that it has secured
an order of strategic importance for its Optiphone HD™ Ultra-High Sensitivity
fiber-optic based sensor system.  Working with one of its partners, a major
oilfield services company, USSI will supply two arrays under this order.

The order, from one of the world's largest national oil companies, is for
permanent installation in shallow boreholes. It is part of a pilot project for
enhancing the recovery factor in one of the world's largest conventional oil
fields.  USSI's sensor system was chosen to participate in the comprehensive
project after extensive evaluation of legacy systems in a previous trial led
the oil company to conclude that fiber optic systems would have inherent
advantages.  If successful, this pilot project could lead to large sales of
USSI's systems to fully monitor the entire field. 

"This new order shows that USSI's breakthrough fiber optic sensor technology
is steadily building momentum.  We are making measured progress in our effort
to deploy the USSI sensor in multiple applications in the multi-billion dollar
seismic device and services market," stated M

Posted-In: News Contracts Press Releases

 

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