Acorn Factor, Inc. dsIT Affiliate Announces Order for Diver Detection Sonar (DDS) System.

To Supply World's First Underwater Surveillance System To Protect a Strategic Coastal Energy Installation

MAHWAH, N.J. -- Acorn Factor, Inc. (OTCBB:ACFN) today announced that its affiliate dsIT had received an order from NAFTOPORT Liquid Fuels Loading Company Ltd (Poland), a leading European oil terminal operator, for a Diver Detection Sonar (DDS) system.

Naftoport operates an oil terminal and conducts reloading of crude oil at the Gdansk port. The company has a key role in supplying crude oil to Polish and German refineries and in exporting Russian crude oil around the world.

The dsIT DDS is a state-of-the-art underwater surveillance system. It supports automatic detection, tracking and classification of any moving underwater body or object. The DDS will monitor the waters surrounding Naftoport's terminal in order to detect underwater intrusion and prevent sabotage. dsIT's DDS system operates in all weather and water conditions. Its long range of detection, for even the smallest targets, provides ample warning time, making effective response possible. The system can be operated in stand-alone mode, or as part of a comprehensive integrated above and below water security system.

According to Dan Ben-Dov, dsIT's VP for Sales & Marketing, this order for an underwater surveillance system indicates a breakthrough in conventional security perceptions by recognizing the necessity for underwater as well as above-water protection. "As far as we know, this will be the first system in the world designed and operated to protect a strategic coastal energy installation. This cutting edge project coincides with dsIT's vision to be the world leader in providing underwater security systems for the energy industry as well as commercial ports, and navies."

dsIT is exhibiting its sonar technology capabilities at the upcoming Undersea defense Technology (UDT) Conference and Exhibition in Naples, Italy during the week of June 4th. dsIT is sharing a booth at the exhibition with RAFAEL Armament Development Authority Ltd. (RAFAEL) reflecting the longstanding technical and marketing co-operation between dsIT and RAFAEL.

John A. Moore, CEO of Acorn Factor, commented, "This groundbreaking contract award corresponds with the vision of Acorn Factor to focus on the energy sector and provide security solutions to protect energy infrastructure. Following the recent successful public offering at an initial value of $315 million of our Comverge affiliate (Nasdaq: COMV), which provides protection for the energy grid, we see dsIT following in its footsteps to provide protection to another area of the energy industry."

About dsIT:

dsIT Solutions Ltd. focuses on developing advanced sonar and underwater acoustic solutions for the energy, commercial, and military markets. The company employs approximately 70 people and is primarily owned by US-based Acorn Factor, Inc. (ACFN.OB) (58%). Additional information about dsIT is available at www.dsit.co.il.

About Acorn Factor:

Acorn Factor, Inc. is a holding company which currently owns 2,786,021 shares of Comverge, Inc. (NASDAQ: COMV) common stock - a leading provider of clean energy solutions that enhance grid reliability and enable electric utilities to increase available electric capacity. Acorn Factor also owns an interest in Paketeria GmbH and a controlling position in dsIT. Additional information about Acorn Factor and its subsidiary and affiliates is available at www.acornfactor.com, www.dsit.co.il, www.comverge.com and www.paketeria.de.