OmniMetrix is the leading brand and innovator of remote monitoring services for on-site power generators, as well as home back-up generators. Many of these generators serve critical requirements such as hospitals, nursing homes and cell telephone towers. Approximately 10% of installed emergency generators fail to start when needed not due to manufactured quality but field issues like batteries, spark plugs, heater blocks and fuel issues. Constantly monitoring the equipment remotely can ensure the reliability of the back-up systems. While the home generator market is relatively new, approximately 2% of U.S. residences have installed back-up generators and the demand is growing rapidly due to severe storms and falling electric grid reliability.
OmniMetrix has also developed and markets a remote cathodic protection (CP) monitoring system which helps prevent losses associated with pipeline corrosion. Twenty-four hours a day, the system delivers current and historic test-point information directly to a desktop, laptop or phone. OmniMetrix’s CP systems have longer battery life and greater reliability, both features which provide solid, competitive advantages. The energy industry spends $7 to $10 billion annually repairing and replacing corroded steel pipelines. Because of this increasing problem, federal and state regulators are focusing greater attention on the issue. In addition, the U.S. shale gas boom requires a large increase in pipeline capacity which is expanding the opportunity for OmniMetrix.
Acorn Energy has an 80% equity stake in OmniMetrix and consolidates its results of operations.