Actelis Expands Global Footprint with Orders for Cyber-Hardened IoT Networking Solutions in Airports Across Japan, India, and Poland
Actelis Networks (NASDAQ:ASNS) has announced new orders for its cyber-hardened, hybrid-fiber IoT networking solutions to enhance connectivity at airports in Japan, India, and Poland. These orders fall under a multi-year contract with SITA, a global leader in airport operations management. This expansion follows recent achievements, including orders from military bases and a new partnership with Carahsoft. Actelis' solutions offer fiber-grade connectivity over existing wiring, enabling efficient, secure data transport. Their technology, certified by the U.S. Department of Defense, aims to modernize airport operations and bolster cybersecurity.
- Secured new orders for cyber-hardened IoT solutions in airports across Japan, India, and Poland.
- Part of a multi-year contract with SITA, a global leader in airport operations management.
- Recent achievements include orders from military bases and a partnership with Carahsoft.
- Actelis' solutions offer cost-effective, fiber-grade connectivity over existing wiring, saving engineering and construction efforts.
- The technology is certified by the U.S. Department of Defense, enhancing cybersecurity for critical airport operations.
- No significant negative aspects reported.
Insights
The recent announcement from Actelis regarding new orders for its cyber-hardened IoT networking solutions across airports in Japan, India and Poland, is a significant development worth analyzing. This news is impactful as it reflects the company's ability to secure substantial contracts in important markets, indicating a positive trend in revenue growth and market penetration.
From a financial perspective, securing a multi-year contract with SITA and expanding its footprint globally is a strong indicator of future revenue streams. It shows that Actelis has the capability to attract and maintain large, stable clients in the aviation sector, which is known for its rigorous standards and reliability requirements. This can lead to a steady cash flow and potentially improved profitability.
Moreover, the emphasis on cost-effective and cyber-hardened solutions aligns well with current market demands, particularly in an era where cybersecurity is becoming increasingly crucial. This could make Actelis more attractive to institutional investors looking for companies that offer advanced technology solutions with significant growth potential.
However, investors should also consider the competitive landscape. The market for IoT networking solutions is highly competitive with many well-funded players. Actelis' ability to differentiate itself through its unique hybrid-fiber approach and quick deployment capabilities will be key to sustaining its growth.
Overall, the financial implications are promising, with a positive outlook for sustained revenue growth and market expansion.
Actelis' cyber-hardened IoT networking solutions for international airports highlight the company's commitment to robust cybersecurity measures, which is important in today's environment where cyber threats are continually evolving. The solutions provided are certified by the U.S. Department of Defense, which adds a considerable level of credibility and trust in their efficacy.
The importance of cybersecurity in aviation cannot be overstated. Airports are critical infrastructures that manage vast amounts of sensitive data, from passenger information to cargo details. A cyberattack could lead to severe operational disruptions and financial losses. By integrating Actelis' certified cyber-hardened technology, airport operators like SITA can significantly mitigate these risks, ensuring secure data transmission across their networks.
Actelis' ability to seamlessly integrate with existing wireline mediums (fiber, copper, or coax) and provide comprehensive monitoring through its Element Management Software System (EMS) further enhances the security and efficiency of airport operations. This capability is particularly beneficial for legacy systems that require modernization without extensive overhauls.
In the long-term, the continuous focus on cybersecurity will likely bolster Actelis' market position and appeal to clients who prioritize data security. This could lead to more contracts and partnerships, solidifying the company's standing in the IoT networking sector.
As part of its global multi-year contract with SITA, Actelis secures new orders for its cyber-hardened IoT solutions, enhancing hybrid-fiber connectivity for Smart IoT modernization, in airports across Japan, India, and Poland
FREMONT, Calif., June 24, 2024 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ:ASNS) (“Actelis” or the “Company”), a market leader in cyber-hardened, rapid deployment networking solutions for IoT applications, today announced that it has received new orders to provide its cyber-hardened hybrid-fiber networking solution for international airports based in India, Japan, and Poland. These orders are part of its previously announced multi-year contract with SITA, a global leader in airport operations management systems. This announcement follows a number of recent achievements announced just in the past few weeks, including new orders received from three military bases, a recently announced partnership with Carahsoft to expand Actelis’ footprint in US Government Agencies, and a new order and delivery to the City of Bakersfield, California.
“We are very proud of the continued expansion of our cutting-edge solutions across international airport networks globally through our partnership with SITA,” reflects Tuvia Barlev, Chairman and CEO of Actelis. “As the IoT industry rapidly expands and cyber threats grow, Actelis is in a unique position to help the industry quickly move forward, with both cost-effective, smart IoT implementation, as well as cybersecurity enhancement to legacy networks. Our work with SITA is a great example of Actelis’ hybrid-fiber networking offering being introduced into the worldwide market, with a global operator, thus making a difference across an entire industry. With Actelis’ solutions, SITA can implement its vision of operational excellence, and enhanced cybersecurity in Airports across the globe, on time and under budget.”
Airports utilize multiple buildings over a large area to provide vital services to airlines, such as cargo and luggage handling, ticketing, and security. According to the International Air Transport Association, airlines transport over 62 million cargo tons of goods a year, representing more than
By working with Actelis, airport operators like SITA save months of engineering and construction efforts resulting in considerable cost savings. Actelis’ hybrid-fiber solution can instantly enable fiber-grade connectivity over an operator’s existing wiring. Actelis’ solution can uniquely work with any wireline medium (fiber, copper, or coax) and its Element Management Software System (EMS) can provide monitoring, configuration and integration to the IoT systems in the field.
Mission critical operations at international airports also require a cyber-hardened solution that helps protect the data within the network. A cyberattack at a major airport could be disastrous for day-to-day operations. Actelis’ cyber-hardened technology has been certified by the U.S. Department of Defense.
About Actelis Networks, Inc.
Actelis Networks, Inc. (NASDAQ: ASNS) is a market leader in cyber-hardened, rapid-deployment networking solutions for wide-area IoT applications including federal, state and local government, ITS, military, utility, rail, telecom and campus applications. Actelis’ unique portfolio of hybrid fiber-copper, environmentally hardened aggregation switches, high density Ethernet devices, advanced management software and cyber-protection capabilities, unlocks the hidden value of essential networks, delivering safer connectivity for rapid, cost-effective deployment. For more information, please visit www.actelis.com.
Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Media Contact:
Sean Renn
Global VP Marketing & Communications
srenn@actelis.com
Investor Relations Contact:
Kirin Smith
PCG Advisory, Inc.
Ksmith@pcgadvisory.com
FAQ
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