Coreworx Selected by CITIC Pacific Mining
KITCHENER, Dec. 16 /PRNewswire-AsiaNet/ --
Coreworx Inc., a subsidiary of Acorn Energy, Inc. (Nasdaq: ACFN), today
confirmed CITIC Pacific Mining’s use of Coreworx’s software to help manage
workflow and project construction content for its US$3.5 billion dollar Sino Iron
mining project in Australia.
Beginning in September 2007, Coreworx has worked with CITIC Pacific Mining to
implement solutions that simplify project content management for its complex,
world-class, large-scale magnetite iron ore project located at Cape Preston, in
Western Australia’s Pilbara region. Coreworx is pleased with the progress,
particularly with the improved efficiency of content management and the risk
mitigation that is being accomplished with the help of Coreworx’ customization
capabilities, a critical advantage for meeting CITIC Pacific Mining’s
requirements. CITIC Pacific Mining is also benefiting from Coreworx
compatibility with existing IT platforms and ease-of-use among project
information managers and document controllers.
The Sino Iron project is an immense undertaking. It includes a magnetite
concentrator, pellet plant, port facilities, a combined-cycle power station, a
large desalination plant, and an accommodation village.
“This project is a perfect fit for our software solution and the results to
date speak for themselves,” said Ray Simonson, Coreworx’s CEO. “Every manager
and engineer working on Sino Iron is on top of things, 24/7, and is currently
experiencing improved control, safety and security for this extremely large and
complex construction project.”
The CITIC Pacific Mining project’s international nature is a prime example of
Coreworx’s global impact,” John Moore of Acorn Energy added, “If you include the
hundreds of other mega projects around the world that are being built with
Coreworx’ help, they are currently helping to keep nearly half a trillion dollars
worth of mega projects on time and on budget. That is very important for the
construction industry in today’s challenging credit environment.”
About Coreworx
Coreworx Inc. provides integrated document control and automated workflow
management for mega capital projects in the energy infrastructure and resource
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 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, Calgary and Kitchener.
Coreworx Inc. is an Acorn Energy company.
About CITIC Pacific Mining
CITIC Pacific Mining is developing the Sino Iron project, a world class,
large-scale magnetite iron ore project located at Cape Preston in the Pilbara.
The project is the largest planned magnetite project in Australia, and the first
to include large scale downstream processing. For more information, please visit
About Acorn Energy, Inc.
Acorn Energy, Inc. is a publicly traded holding company focused on improving
the efficiency and environmental impact of the energy infrastructure, fossil fuel
and nuclear industries. Our operating companies leverage advanced technologies to
transform the existing energy infrastructure. Acorn's strategy is to take
primarily controlling positions in companies led by great entrepreneurs and add
value by supporting those companies with marketing, strategy and business
development. Acorn Energy is a global company with equity interests in CoaLogix,
Comverge, Coreworx, DSIT and Gridsense. For more information visit
Safe Harbor Statement
This press release includes forward-looking statements, which are subject to
risks and uncertainties. For disclosure of risks and uncertainties which may
affect Coreworx's business and Acorn Energy's business generally , see the
information under "Risk Factors" in Acorn's most recent Quarterly Report on Form
10-Q and Annual Report on Form 10-K as filed with the Securities and Exchange
Commission.
CONTACTS:
Mike Marsh
V.P. Marketing
Coreworx Inc.
+1 519 772 3190
mmarsh@coreworxinc.com
Julia Davis
Marketing Manager
Acorn Energy, Inc.
+1 302 656 1707
jdavis@acornenergy.com
SOURCE: Acorn Energy, Inc.
CONTACT: Mike Marsh, V.P. Marketing, Coreworx Inc.
+1-519-772-3190
mmarsh@coreworxinc.com; or
Julia Davis, Marketing Manager, Acorn Energy, Inc.
+1-302-656 1707
jdavis@acornenergy.com
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