Brief: Acorn Energy suspends operations at US seismic systems
18/03/2015 11:54
March 18 (Reuters) - Acorn Energy Inc ACFN.O : * Suspends operations at US seismic systems * Says stopped funding its majority-owned US seismic systems (ussi) subsidiary * Says will record write offs on its 2014 financial statements of substantially all ussi assets * Says ussi has suspended operations and terminated substantially all employees * Says it is uncertain whether there will be any proceeds available to Acorn Energy or other ussi shareholders * Unit US seismic systems intends to sell its assets; exploring ways to maximize value for creditors and other stakeholders * Source text for Eikon ID:nPn1nPxLx * Further company coverage ACFN.O ((Bengaluru Newsroom; +1 646 223 8780))
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