other material
confidence high
sentiment positive
materiality 0.60
Acorn Energy sub OmniMetrix partners with PSS for remote monitoring of Briggs & Stratton generators
ACORN ENERGY, INC.
- OmniMetrix will provide remote monitoring & control for thousands of Briggs & Stratton backup generators over 12 months.
- PSS, a Houston-based generator dealer, uses OmniMetrix's IoT to reduce costs and prevent 95% of fail-to-start events.
- OmniMetrix's GAAP gross profit grew 25% in H1 2021; cash-basis revenue also up 25% YoY.
- Partnership expected to strengthen OmniMetrix's market share as it executes growth plan into 2022.