Remote Monitoring Systems Provider Acorn Secures $1.9M in Loan Commitments and Completes Initial $0.9M Tranche

WILMINGTON, DE ACFN, (Marketwired Feb 21, 2017) Acorn Energy, Inc. (OTCQB: ACFN), a provider of machine-to-machine, Internet of Things remote monitoring and control systems and services, announced today that it has secured commitments for $1.9 million in funding from members of the Company s Board of Directors, including $900,000 already received by the Company. Acorn expects to repay the loans, which mature at the end of April 2018 and accrue interest at the rate of 12.5% (16.5% after February 15,
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