Wednesday, April 29, 2009

Allen Boudreaux of MMR Group Joins Coreworx Board

30 Years of Contract Management Experience Added To Project Information Control

Kitchener, ON (April 29, 2009) - Coreworx Inc., a subsidiary of Acorn Energy, Inc. (NASDAQ: ACFN), announced today that Allen Boudreaux, Executive Vice President of MMR Group, has joined Coreworx Board of Directors.

Coreworx is used globally by industry leaders to manage project execution risk. Coreworx Project Information Control software is used for managing complex engineering documentation and information exchange amongst design professionals, external engineering firms and contractors.

Since joining MMR Group, Inc., Allen has been actively involved in growing the company to one of the largest electrical and instrumentation contractors in the United States. He was also involved with taking MMR into the international market where it remains a major player in various parts of the world. He served a key role in developing strong relationships with strategic clients; served as Executive Sponsor on numerous domestic and international projects; and assisted in implementing MMR's contracting philosophy and dispute resolution procedures.

"We are really excited about adding Allen to the Coreworx Board and taking advantage of his extensive knowledge of the construction industry. In response to our customers we are extending our offering into Contract Management and his insight will prove most valuable", said Ray Simonson, CEO of Coreworx Inc.

"The Coreworx team and solution has impressed me for some time now and I am really looking forward to this opportunity to contribute to their continued success" added Allen Boudreaux. "Risk mitigation is an important aspect of Project Intelligence and one that contract management can help address."

Prior to joining MMR Group, Inc., Allen was involved in directing some 20 acquisitions and the completion of agreements between contractors, sureties and banks, involving more than 200 projects and several hundred million of dollars in costs. As a member of the American Bar Association, Allen was licensed at the Federal and State Courts of Louisiana and Texas Federal Courts. He was part of the Forum Committee on the Construction Industry, Public Contract Law Section, Fidelity & Surety Committee and the American Arbitration Association. In addition, Allen has published several articles specifically focused on contractor arbitration.

About Coreworx
Coreworx Inc. provides integrated document control and automated workflow management for mega capital projects in the oil & gas, power and mining sectors. The Coreworx solution is a proven web-based enterprise software system that enables engineering and construction contractors and owner/operators to automate best practices, mitigate business risks and improve performance throughout the entire project lifecycle. Coreworx services a portfolio of projects valued at over $500 billion across more than 50 countries, on more than 400 capital projects with nearly 70,000 users. Coreworx has offices in Houston, Calgary and Kitchener. Coreworx Inc. is an Acorn Energy company.

About Acorn Energy
Acorn Energy, Inc. is a publicly traded holding company with equity interests in CoaLogix, Comverge, Coreworx, DSIT and GridSense. These companies leverage advanced technologies to transform and upgrade the energy infrastructure around the world. Acorn companies are focused on three problems in the energy sector: improving the efficiency of the energy grid, reducing the risk for owners of large energy assets, and reducing the environmental impact of the energy sector. Acorn's strategy is to take primarily controlling positions in companies led by great entrepreneurs.

Safe Harbor Statement
This press release includes forward-looking statements, which are subject to risks and uncertainties. For disclosure of risks and uncertainties which may affect Coreworx' business and Acorn Energy's business generally, see the information under "Risk Factors" in Acorn's most recent Quarterly Report on Form 10-Q and Annual Report on Form 10-K as filed with the Securities and Exchange Commission.

linkback: http://www.coreworxinc.com/content/news/allen-boudreaux-mmr-group-joins-coreworx-board