Merriman Curhan Ford Acted as Sole Placement Agent in Acorn Energy, Inc.' s $12.3 Million Registered Direct Offering

SAN FRANCISCO, March 15 /PRNewswire-FirstCall/ -- Merriman Curhan Ford (Nasdaq: MERR) acted as sole placement agent in Acorn Energy, Inc.'s (Nasdaq: ACFN) $12.3 million registered direct offering of 2,231,818 shares of common stock to certain accredited investors at $5.50 per share. The transaction was completed on March 11, 2010.

(Logo: http://www.newscom.com/cgi-bin/prnh/20090911/MCFLOGO)

"Merriman saw the promise of Acorn Energy years before we needed to access the capital markets. They invested their time to learn our business and gave us many opportunities to present at their investor conferences. When we decided to access the capital markets the decision to choose Merriman was natural," said John Moore, Chief Executive Officer of Acorn Energy.

The pricing of the offering was announced on March 9, 2010 by Acorn Energy, Inc. Details on the transaction can be found at Acorn Energy, Inc.'s web site: http://www.acornenergy.com.

About Acorn Energy, Inc.

Acorn Energy, Inc. (NASDAQ: ACFN) is a publicly traded holding company with equity interests in CoaLogix, Coreworx, DSIT, GridSense and US Sensor Systems. 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.

About Merriman Curhan Ford

Merriman Curhan Ford (NASDAQ: MERR) is a financial services firm focused on fast-growing companies and the institutions that invest in them. The company offers high-quality investment banking, equity research, institutional services and corporate & venture services, and specializes in five growth industry sectors: CleanTech, Consumer, Media & Internet, Health Care, Natural Resources and Technology. For more information, please go to www.mcfco.com.

Note to Investors

This press release contains certain forward-looking statements based on our current expectations, forecasts and assumptions that involve risks and uncertainties. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of the Company. Forward-looking statements in this release are based on information available to us as of the date hereof. Our actual results may differ materially from those stated or implied in such forward-looking statements, due to risks and uncertainties associated with our business, which include the risk factors disclosed in our Form 10-K/A filed on April 30, 2009 and our Form 10-Q filed on November 16, 2009. Forward-looking statements include statements regarding our expectations, beliefs, intentions or strategies regarding the future and can be identified by forward-looking words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or similar words. We assume no obligation to update the information included in this press release, whether as a result of new information, future events or otherwise. The Form 10-K/A filed on April 30, 2009 and Forms 10-Q filed on May 15, August 11, and November 16, 2009, together with this press release and the financial information contained herein, is available on our website by going to www.mcfco.com and clicking on "Investor Relations."

SOURCE Merriman Curhan Ford