The Digital Energy Company August 2014 Connecting the world of energy
What is Acorn Energy Energy Technology Portfolio Subsidiaries Companies with TAM of 4B Focus on extracting more from energy assets History of attractive exits with modest capital Strong Financial Position Backlog of 18.5…
Acorn Turns Macro Bets into Shareholder Value September 2005 2007 August 2011 10M Market Exit COMV Exit CoaLogix Cap 48M 62M Acquired CoaLogix 11M Past results are no guarantee of future performance Confidential 4
Acorn Energy Portfolio Provides industry-leading fiber optic sensing solutions to the Provides acoustic based Energy and Security markets security systems for the energy, HLS and defense markets Making Energy Assets More…
Seismic Has Always Been Vital to De-Risking the Oil Exploration Business Confidential 6
Seismic is the Force Multiplier for Oil & Gas Evolution from 2D to 4D Seismic Confidential 7
The Problem- Manufacturing in the Sub-Surface Oil producers are realizing 10% or less EUR from their shale fields Shale oil industry is wasting over 50% of their investment capital in fraccing According to Schlumberger: 50% of frac…
The Reason for Drillers Dissatisfaction is Almost Unanimous Root Cause of Frac Jobs Not Meeting Performance Expectations FAILURE TO UNDERSTAND 73% SUBSURFACE POOR FRAC DESIGN 18% DOWNHOLE EQUIPMENT / 14% TOOLS INEXPERIENCED…
Producers Need to Improve Productivity and NPV of Wells Despite the fact the industry has been fraccing for over sixty years, we really dont know the geometry and the extent of the volume we stimulate. For unconventional…
Microseismic Applications Need a New Sensor Conventional Geophones Miss 90% Microseismic Events Highest sensitivity (improved signal to noise ratio) Lowest noise floor (detects quieter signals) Widest bandwidth (detects all signals of…
The Solution: Optical Fibers The Neurons For Future Intelligent Wells Replace This With This Electronic-based Sensors Optical Fiber Sensor the industry is on the verge of a step change in well and reservoir monitoring…
Despite the obvious positive impact horizontal drilling and fracturing has already had, this is still a relatively young technology space with plenty of opportunities for improvement. Unconventional oil and gas production requires…
How Our Technology Works Laser Optical Interrogator Downhole Fiber Optic Geophone Array High performance Lower cost More reliable Confidential 14
How Microseismic Monitoring Works Confidential 15
Small Increase in Well Productivity Yields Huge Returns Economics of 3D Vertical Seismic Profiling Well Costs: Well Cost - 1 mm Frac Cost (30 stages) - 9 mm Cost of VSP + microseismic = 500K Problem: 80% of Fracs are ineffective =…
Supermajor Selects USSI after Competitive Five Company Downhole Seismic Technology Shootout Confidential 17
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Proven Fiber Optic Technology and Team Improves Odds of Success Gary V. Morris, Chairman, Former CFO of Halliburton and Paradigm Geophysical Mark Bashforth, CEO, Seismic industry veteran formerly Roxar, Fugro and CGG Veritas…
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What Remains to be Proven Permanent steam flood trial versus conventional geophones (March to August) 8/14 6,000 foot deployment with an oil major and their independent partner 9/14 DOE definitive fracture radius trial and Grand…
DSIT Solutions Ltd. Company Highlights Product Founded: 1993 Headquarters: Givat Shmuel, Israel Employees: 75 ACFN Ownership: 88%* TAM: 1B+ Specializes in sonar and acoustics with expertise in real- time and embedded systems…
OmniMetrix, LLC Company Highlights Product Founded: 1998 Headquarters: Buford, GA Employees: 24 ACFN Ownership: 100% (Acquired in February 2012) Pioneer and leader in wireless remote monitoring & control for backup power…
GridSense Inc. Company Highlights Product Founded: 1974 Headquarters: Sacramento, California Employees: 37 ACFN Ownership: 100%* (Acquired in May 2010) TAM: 1.0B+ Early pioneer in transformer monitoring Distribution optimization…
Acorn Energy Board of Directors Member Position Experience President of Burger King Brands Christopher Chairman President and CEO of Preview Travel / Travelocity CEO of Minnesota Twins MLB Club Clouser of the Board SVP and Chief…
Acorn Energy Board of Directors (contd) Member Position Experience Chairman of Boxcar Holdings Former Chairman Owner of the Harlem Globetrotters Mannie Jackson Director Senior VP of Corporate Marketing and Administration of…
YTD Highlights USSI was the only company selected to move on from the first phase of a competitive full-scale down-hole seismic sensor technology shootout led by a major oil company USSI awarded a conditional 1.8mm order for two…
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