Acorn Secures $5M Contract with Leading Wireless Provider for Remote Monitoring and Control of Cell Tower Backup Generators
WILMINGTON, Del., June 05, 2024 (GLOBE NEWSWIRE) — Acorn Energy, Inc. (OTCQB:ACFN), a provider of remote monitoring and control solutions for backup power generators, gas pipelines, air compressors and other mission critical assets, through its OmniMetrix operating subsidiary, today announced a significant new contract with one of the nation’s largest wireless telecommunications providers. Under the contract, OmniMetrix will provide monitoring devices and related remote monitoring and control services for between 5-10 thousand cell tower backup generators in the U.S. The monitoring units and monitoring services, which will be deployed over a two-year period, are expected to generate total revenue of approximately $5 million beginning in the third quarter of 2024.
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