May 4, 2010 (FinancialWire) — Coreworx Inc., a subsidiary of Acorn Energy, Inc. (NASDAQ: ACFN), a provider of project information and cost control software used by the energy industry, said that it has completed the acquisition of all of the outstanding shares of Decision Dynamics Technology Ltd. (TSX Venture: DDY) in consideration for the issuance of one million shares of Acorn common stock to the Decision Dynamics shareholders.

The transaction was approved by DDY shareholders on April 27 and, having met the closing conditions, the sale of DDY to Coreworx was completed on April 30.

John Moore, CEO of Acorn Energy said, "With approximately $3.2 million in 2009 sales, DDY's proven product suite of real-time cost control and earned value management immediately enhances Coreworx' existing major capital project management software."

According to Acorn, DDY's Oncore advances Coreworx' goal to revolutionize the tools that project managers use to keep large capital projects on track. By allowing front-line managers to see project costs in real-time, Oncore ensures project status is based on actual to budget comparisons and earned value formulas.

Combined with Coreworx' current solutions with its document centric view of project status, that includes engineering drawings, contracts, licenses, plans etc., project staff are armed with the necessary insight to make key decisions, according to Acorn.

Coreworx provides integrated project information and cost control solutions for large capital projects in the oil & gas, power and mining sectors.

Delaware-based Acorn Energy is a holding company with equity interests in CoaLogix, Coreworx, DSIT, GridSense and US Sensor Systems, Inc.

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