Press Release: DSIT Solutions : Acorn Energy Completes DSIT Sale; Providing Funding for Focused IoT Wireless Remote Monitoring and Control Business

Acorn Energy, Inc. (OTCQB: ACFN), announced today that it has completed the sale of its remaining 41.15% interest in DSIT Solutions Ltd. for $5.8 million, before fees and taxes, to an Israeli investor group. Acorn will host a conference call on Thursday, February 15th at 10:00 am ET (details below) to review the transaction and the outlook for the Company. Acorn is now a debt-free focused provider of high growth, wireless remote monitoring and control (IoT) services for critical industrial assets.