Actelis Networks Announces Follow-On Order from U.S. Department of Transportation Agency Expanding Footprint to New Regions

Rhea-AI Summary

Actelis Networks (NASDAQ:ASNS) has received a follow-on order from a major U.S. Department of Transportation aerial agency, expanding its network into new regions. This order builds on a significant contract announced in September, demonstrating growing confidence in Actelis' secure and flexible networking solutions.

The project involves advanced technology for radar communications backhaul, important for air safety and operations. Actelis' solution provides high bandwidth and security for transmitting radar data to air traffic control centers. The technology adapts to both fiber-equipped locations and areas without fiber, enhancing existing infrastructure cost-effectively.

This order reinforces Actelis' reputation in intelligent transportation networks. The global air traffic management and consulting market is expected to grow from $14.79 billion in 2024 to $19.46 billion by 2032, with a 3.49% CAGR. Actelis' solution addresses modernization challenges by leveraging existing network wiring, helping agencies maximize budgets and avoid unnecessary expenses.

Positive

• Secured follow-on order from major U.S. Department of Transportation agency
• Expanding network footprint into new regions
• Demonstrates growing confidence in Actelis' solutions
• Provides critical technology for radar communications backhaul
• Flexible solution adapts to both fiber and non-fiber locations
• Enables cost-effective infrastructure upgrades
• Tapping into growing global air traffic management market

Negative

• None.

Insights

Technology Analyst

This follow-on order from a U.S. Department of Transportation agency represents a significant win for Actelis Networks, showcasing the company's growing foothold in the critical infrastructure sector. The expansion into new regions indicates increasing trust in Actelis' cyber-hardened networking solutions. The company's ability to enhance existing copper infrastructure to fiber-grade quality is a key differentiator, allowing for cost-effective upgrades without extensive rewiring. This adaptability is important in the air traffic management market, which is projected to grow to $19.46 billion by 2032. Actelis' solution addresses the challenge of high modernization costs by maximizing existing assets, potentially positioning the company for further growth in this expanding market. However, investors should note that while promising, the specific financial impact of this order is not disclosed, making it difficult to quantify its immediate effect on Actelis' bottom line.

Infrastructure Investment Specialist

Actelis Networks' latest contract expansion demonstrates a strategic alignment with the ongoing modernization of air traffic management systems. The global market's projected CAGR of 3.49% through 2032 presents a substantial opportunity for Actelis. The company's hybrid approach, combining fiber and enhanced copper solutions, addresses a critical pain point in infrastructure upgrades. By offering a way to improve connectivity without the need for extensive new wiring, Actelis positions itself as a cost-effective partner for government agencies working with budgets. This could lead to a competitive advantage and potential market share growth. For investors, this follow-on order suggests scalability and repeatability in Actelis' business model within the transportation sector, which could translate to more predictable revenue streams if the trend continues.

Follow-on order builds on Actelis’ previously announced significant contract with the same aerial transportation agency, expanding the network into new regions and underscoring growing confidence in Actelis’ secure and flexible networking solutions

FREMONT, Calif., Oct. 15, 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 a new follow-on order in new geographies from a major aerial transportation agency operating underneath the umbrella of the U.S. Department of Transportation. This follows the significant order previously announced by Actelis in September, for the same agency, demonstrating the agency’s confidence in Actelis to deliver a robust and secure connectivity solution while maximizing their existing network infrastructure.

The project calls for advanced technology to support the backhaul of radar communications—critical for ensuring air safety and smooth operations. Actelis’ solution enables reliable transmission of radar data to air traffic control centers, providing the high bandwidth and security essential in mission-critical environments. A key advantage of Actelis’ technology lies in its adaptability: in fiber-equipped locations, Actelis’ hybrid-fiber devices manage data transmissions seamlessly, while in areas without fiber, Actelis’ solution enhances the performance of existing twisted pair copper to fiber-grade quality. This flexibility delivers an immediate, cost-effective upgrade to existing infrastructure.

“We continue to build a strong reputation across intelligent transportation networks, securing follow-on orders by demonstrating our value across diverse applications—from traffic management to railway connectivity and aerial transportation,” said Tuvia Barlev, Chairman and CEO of Actelis. “Reliable connectivity is critical for safe travel and fluid mobility. Our flexible solution enables agencies to complete projects significantly faster than alternative options, reinforcing our role as a trusted partner.”

With billions invested globally in modernizing air traffic management systems, reliable and adaptable solutions like Actelis’ are in high demand. According to a Fortune Business Insights report, the global air traffic management and consulting market is expected to grow from $14.79 billion in 2024 to $19.46 billion by 2032, at a compound annual growth rate (CAGR) of 3.49%.

“Despite substantial investments, modernization efforts remain challenged by the high costs of new wiring for connectivity,” Barlev added. “Our solution leverages existing network wiring, enabling agencies to maximize their budgets while avoiding unnecessary labor expenses.”

About Actelis Networks, Inc.

Actelis Networks, Inc. (NASDAQ: ASNS) is a market leader in hybrid fiber-copper, cyber-hardened networking solutions for rapid deployment in wide-area IoT applications, including government, ITS, military, utility, rail, telecom, and campus networks. Actelis’ innovative portfolio offers fiber-grade performance with the flexibility and cost-efficiency of hybrid fiber-copper networks. Through its "Cyber Aware Networking" initiative, Actelis also provides AI-based cyber monitoring and protection for all edge devices, enhancing network security and resilience.

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 Contact:
ARX | Capital Markets Advisors
North American Equities Desk
actelis@arxadvisory.com

FAQ

What new order has Actelis Networks (ASNS) received?

Actelis Networks has received a follow-on order from a major aerial transportation agency under the U.S. Department of Transportation, expanding its network into new regions.

What is the purpose of Actelis Networks' (ASNS) technology in this project?

Actelis' technology supports the backhaul of radar communications, providing high bandwidth and security for transmitting critical radar data to air traffic control centers.

How does Actelis Networks' (ASNS) solution adapt to different infrastructure?

In fiber-equipped locations, Actelis' hybrid-fiber devices manage data transmissions, while in areas without fiber, the solution enhances existing twisted pair copper to fiber-grade quality.

What is the projected growth of the global air traffic management market according to the Actelis Networks (ASNS) press release?

The global air traffic management and consulting market is expected to grow from $14.79 billion in 2024 to $19.46 billion by 2032, with a CAGR of 3.49%.

How does Actelis Networks' (ASNS) solution help agencies modernize their infrastructure?

Actelis' solution leverages existing network wiring, enabling agencies to maximize their budgets while avoiding unnecessary labor expenses associated with new wiring installations.