Company Logo Wednesday, February 17, 2010

Coreworx Solution to aid Nuclear Powerplant Construction

The Coreworx Nuclear Industry Solution brings robust, secure Project Information Control to manage the worldwide growth in new construction and refurbishment of existing Nuclear Power plants

Bethesda, MD – Platts 6th Nuclear Energy Conference – February 17, 2010.  Coreworx Inc., a subsidiary of Acorn Energy, Inc. (NASDAQ: ACFN), announced today the Coreworx Project Information Control Solution for the Nuclear Power industry. Coreworx is globally recognized as the leading provider of project execution and information control software used by industry leaders to manage major capital project execution risk.

Drawing on its years of expertise in providing software for complex capital projects, the Coreworx Nuclear Industry Solution delivers best-in-class document, design and configuration control work processes for the engineering, construction and commissioning of nuclear-regulated facilities, and the refurbishing of existing nuclear power plants. Coreworx Inc. has worked closely with its premier customers, some of the most active in the industry, currently building nuclear-regulated facilities. The specific demands of nuclear mega projects have been incorporated in a version of our industry leading Project Information Control solution that is purpose-built for the unique needs and rigorous regulatory environment in the Nuclear Power industry.

The Nuclear power industry is in a resurgence, evidenced by the U.S. Government’s pledge of up to $48 Billion in loan guarantees for nuclear power projects, as well as Asia and Europe announcing a significant number of new nuclear plant construction projects. Project Information Control will be a critical success factor with every nuclear mega project, where uncompromised safety, time to first power and cost control are critical risk factors to manage.

The Coreworx Nuclear Industry Solution provides Project Intelligence to ensure managers are equipped with comprehensive monitoring tools to reduce project risk, reduce schedule variance and provide real-time visibility into project performance to key stakeholders. Easy customization of the solution ensures traceability requirements of your safety authority and project-specific license commitments are satisfied. Integration with project scheduling solutions used in your nuclear project guarantees managers have access to all the information in Coreworx to optimally plan, schedule, execute and accelerate performance.

“Building a nuclear solution is a natural and exciting progression of our Project Information Control platform” said  Ray Simonson, Coreworx CEO “The close partnership with our industry leading customers, has given us unique insight into the challenges, risks and regulatory obligations in the nuclear power industry. It is very gratifying to me as CEO when our customers and prospects tell us that we really understand their daily challenges in managing the millions of pieces of project information generated for a single nuclear power generating site”.

Coreworx will be showcasing the Coreworx Nuclear Solution at the 6th Annual Platts Nuclear Energy conference in Bethesda, Maryland this week through Friday and again next week, February 24 – 26, at the Canadian Nuclear Association, Nuclear Industry Conference and Trade Show in Ottawa.

About Coreworx
Coreworx Inc. provides integrated project execution and information control solutions 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, Baton Rouge, Calgary and Waterloo. For more information, visit www.coreworxinc.com. Coreworx Inc. is an Acorn Energy company.

About Acorn Energy
Acorn Energy, Inc. is a publicly traded holding company with equity interests in CoaLogix, 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. For more information visit http://www.acornenergy.com

linkback: http://www.coreworxinc.com/content/news/coreworx-solution-aid-nuclear-powerplant-construction

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