Acorn Energy, Inc., through its subsidiaries (‘Acorn’), focuses on providing technology-driven solutions for energy infrastructure asset management.
The company's subsidiaries are OMX Holdings, Inc. and OmniMetrix, LLC. The company provides the following products and Internet of Things (IoT) applications and services through its OmniMetrix, LLC (OmniMetrix) subsidiary:
Power Generation (‘PG’) Monitoring: OmniMetrix offers PG wireless monitoring and control IoT solutions encompassing wireless r...
Acorn Energy, Inc., through its subsidiaries (‘Acorn’), focuses on providing technology-driven solutions for energy infrastructure asset management.
The company's subsidiaries are OMX Holdings, Inc. and OmniMetrix, LLC. The company provides the following products and Internet of Things (IoT) applications and services through its OmniMetrix, LLC (OmniMetrix) subsidiary:
Power Generation (‘PG’) Monitoring: OmniMetrix offers PG wireless monitoring and control IoT solutions encompassing wireless remote monitoring devices and applications for both residential and commercial/industrial power generation equipment. This suite includes the company’s TrueGuard products, as well as its AIRGuard product, designed for remote monitoring and control of industrial air compressors, along with a Smart Annunciator product. This Smart Annunciator product, tailored for commercial clients, provides a visual representation of a generator’s status through a touch-screen display, offering real-time updates on its current state.
Cathodic Protection (‘CP’) Monitoring: OmniMetrix specializes in CP monitoring, offering remote monitoring and control products specifically tailored for cathodic protection systems utilized in gas pipelines, serving gas utilities market and pipeline operators. The company’s CP product lineup features solutions for remote monitoring and control of rectifiers, test stations, and bonds, including its Hero and Patriot product lines. Additionally, the company offers the RAD (Remote AC Mitigation Disconnect), an industry-first innovation designed to mount onto existing solid-state decouplers in the field. This device enables the remote disconnection/connection of AC mitigation tools, significantly reducing customer's expenses while enhancing employee safety.
OmniMetrix - Power Generation Monitoring and Control and Cathodic Protection Monitoring and Control
OmniMetrix is a Georgia limited liability company based in Buford, Georgia, that develops and markets wireless remote monitoring and control systems and services for critical assets (including standby power generators, pumps, pumpjacks, light towers, turbines, compressors, fire pumps, and other industrial equipment) across multiple markets in the IoT ecosystem, as well as cathodic protection solutions for the pipeline industry (gas utilities and pipeline companies). Acorn owns 99% of OmniMetrix, with the remaining 1% owned by OmniMetrix’s former CEO.
Following the emergence of IoT applications where companies aggregate multiple sensors and monitors into a simplified dashboard for customers, OmniMetrix plays a key role in this economic ecosystem. OmniMetrix continues to see a rapidly growing need for backup power infrastructure to secure critical military, government, and private sector assets against emergency events, including terrorist attacks, natural disasters, demand response, and cybersecurity threats. Residential and industrial standby generators, turbines, compressors, pumps, pumpjacks, light towers, and other industrial equipment are increasingly monitored as part of the critical infrastructure in IoT applications. OmniMetrix solutions monitor critical equipment used by cell towers, manufacturing plants, medical facilities, data centers, retail stores, public transportation systems, and energy distribution, as well as federal, state, and municipal government facilities, in addition to residential backup generators. Given that OmniMetrix monitors all major brands of critical equipment and continues to invest in research and development in response to customer and potential customer feedback, OmniMetrix is well-positioned to grow its customer base and expand its product offerings in this market.
Products & Services
In the PG segment, OmniMetrix sells a line of devices and services built on the company's baseline TrueGuard wireless remote monitor. These devices are broadly applicable across all brands and models of emergency power generators and industrial engine applications. The TrueGuard product family connects directly to the engine's control panel and captures all data flowing through the control panel. As a result, the product provides the ability to identify whether an emergency generator is capable of operating as expected. OmniMetrix also sells the AIRGuard product, which remotely monitors and controls industrial air compressors, and its Smart Annunciator product, which is typically sold to commercial customers that require a visual representation of the generator's status and features a large touch-screen display.
In the CP segment, OmniMetrix offers three primary product lines: the Hero 2 Rectifier Monitor, the Patriot Plus Test Station Monitor, and the RAD (Remote AC Mitigation Disconnect). All of these products are used to monitor cathodic protection systems, a process that reduces rust and corrosion on pipelines used to transport natural gas. As the name suggests, the Hero 2 Rectifier Monitor product monitors and controls the operation of rectifiers, which are critical components in the effort to prevent corrosion and are also the most common point of failure in the pipeline system. The Patriot Plus Test Station Monitor is also used to provide data points along the pipeline segment powered by the rectifier, including AC density.
Customers and Markets
At its core, the OmniMetrix family of PG monitors (TrueGuard PRO and TrueGuard 2) can remotely monitor and control a variety of industrial engine applications, including engines, standby generators, air and gas compressors, fire pumps, batteries, turbines, pumps, and other equipment.
OmniMetrix focuses on expanding its product offerings while continuing to execute its third phase of evolution, maturing the high-performance data collection design point into the first provider offering of automated prognostic solutions.
OmniMetrix's PG monitors have been installed on commercial, industrial, and residential generators from original equipment manufacturers (OEMs), such as Caterpillar, Kohler, Generac, Cummins, Briggs & Stratton, MTU Energy, and other generator manufacturers. OmniMetrix provides dual value propositions to generator service organizations and machine owners. From the machine owner's perspective, the OmniMetrix product offers a powerful tool to help avoid failures that arise from consumables, such as batteries and fuel. OmniMetrix has shifted its primary focus to the commercial and industrial segments from residential, in part due to the ability to customize the company's products to customers' specifications. The company has also increased its marketing efforts to end-users to boost demand for its services.
Competition
Competitors in the PG marketplace include independent monitoring organizations that produce monitoring systems but not the equipment being monitored. Among these are companies, such as Ayantra, FleetZOOM, Gen-Tracker, and PowerTelematics.
Within the CP marketplace, there are no OEM competitors, but several companies provide monitoring capabilities similar to OmniMetrix, such as Mobiltex Solutions, Abriox, Elecsys, and American Innovations.
Intellectual Property
OmniMetrix has four issued valid patents.
Trademarks
OmniMetrix, OmniView, ScopeView, SmartService, TrueGuard, and TrueShield are trademarks of OmniMetrix, LLC.
Research and Development
During 2023, the company's research and development expenses amounted to $875,000.
History
Acorn Energy, Inc. was incorporated in 1986.
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