Actelis Receives Expansion Order for Major Italian National Transportation Infrastructure Project

Rhea-AI Summary

Actelis Networks, Inc. (NASDAQ:ASNS) has received a new order for its cyber-hardened temperature hardened networking technology from a major Italian motorways operator. This order expands on a previously announced $300,000 Italian National Transportation Infrastructure Project from June. The company's solution enables rapid modernization of network infrastructure, supporting critical safety tools like CCTV, speed cameras, sensors, and digital signage.

Actelis' technology leverages existing network wiring to deliver fiber-grade connectivity over long distances without the high costs of new cabling installation. Designed for roadside deployment, Actelis devices operate reliably in any climate, transmitting critical data to traffic operations centers. The company's solutions are also deployed across thousands of miles of highways in the United Kingdom and Japan, and in cities worldwide at traffic intersections to optimize signal timing and improve safety.

Positive

• Expansion order received for Italian national transportation project
• Growing presence in the Intelligent Transportation Systems (ITS) market
• Solution enables rapid modernization of network infrastructure
• Technology leverages existing wiring, reducing installation costs
• Deployed across thousands of miles of highways in multiple countries

Negative

• None.

Insights

Tech Expert

Actelis Networks' expansion order for the Italian transportation project demonstrates the growing demand for their cyber-hardened networking solutions in critical infrastructure. The company's ability to leverage existing network wiring to deliver fiber-grade connectivity is a key differentiator, allowing for cost-effective upgrades without extensive new cabling installations.

The focus on roadway safety aligns with global trends in smart transportation systems. Actelis' technology enables the deployment of advanced safety tools like CCTV and speed cameras, which are important for modern traffic management. The company's success in Italy, following deployments in the UK and Japan, indicates a strong market position in the Intelligent Transportation Systems (ITS) sector.

For investors, this expansion order signals positive revenue growth and market penetration in a critical infrastructure segment. However, it's important to note that while the initial order was over $300,000, the value of this expansion was not disclosed, making it difficult to quantify the immediate financial impact.

Market Research Analyst

The expansion of Actelis' role in the Italian national transportation project is a positive indicator for the company's market position and growth potential. The ITS market is projected to grow significantly, driven by increasing urbanization and the need for smarter, safer transportation systems.

Actelis' ability to secure repeat business from a major Italian motorways operator demonstrates customer satisfaction and the scalability of their solution. This could lead to further opportunities within Italy and potentially in other European markets.

For a company with a market cap of about $8.6 million, securing and expanding large national infrastructure projects is important for growth. Investors should monitor Actelis' ability to convert these project wins into consistent revenue streams and potential expansion into new geographic markets or adjacent sectors within critical infrastructure.

Actelis expands its role in Italian national transportation project with new orders for its cyber-hardened networking solutions

FREMONT, Calif., Oct. 02, 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 order for its cyber-hardened temperature hardened networking technology for a major Italian motorways operator. This order is an expansion of an order previously announced in June for an Italian National Transportation Infrastructure Project of over $300,000.

“We’re excited to see our continued growth in the Intelligent Transportation space and proud to play a key role in enhancing road safety,” said Tuvia Barlev, Chairman and CEO of Actelis. “These new orders from Italy highlight both the effectiveness of our solution and the trust major transportation operators place in Actelis.”

Roadway safety is the top priority for the Italian operator, and Actelis' solution enables rapid modernization of their network infrastructure, expanding the use of critical safety tools like CCTV, speed cameras, sensors, and digital signage. Covering thousands of miles of roadways presents challenges, as these devices demand fast, secure, and reliable connectivity over long distances. Existing motorway wiring often falls short of handling the high data demands, which is why operators rely on Actelis for enhanced bandwidth and performance.

Actelis’ solution leverages existing network wiring—whether fiber, copper, or coax—to deliver fiber-grade connectivity over long distances without the high costs and resource demands of installing new cabling. Designed for roadside deployment, Actelis devices operate reliably in any climate, transmitting critical data to traffic operations centers to enable real-time decision-making, improve public messaging, manage traffic flow, and enhance overall safety.

Although Actelis continues to grow in the ITS market, the company is no stranger to large motorway projects. In addition to the Italian motorways, Actelis' solutions are deployed across thousands of miles of highways in the United Kingdom and Japan, where operators use its hybrid-fiber networking technology to provide long-distance connectivity in networks that combine fiber and copper wiring. Actelis devices are also used in cities worldwide at traffic intersections to optimize signal timing, enhance traffic flow, and improve safety for motorists, passengers, pedestrians, and cyclists.

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 for its networking technology?

Actelis Networks (ASNS) has received a new order for its cyber-hardened temperature hardened networking technology from a major Italian motorways operator, expanding on a previously announced $300,000 Italian National Transportation Infrastructure Project.

How does Actelis Networks' (ASNS) solution benefit transportation infrastructure?

Actelis Networks' (ASNS) solution enables rapid modernization of network infrastructure, supporting critical safety tools like CCTV, speed cameras, sensors, and digital signage. It delivers fiber-grade connectivity over long distances using existing wiring, reducing installation costs and improving overall road safety.

In which countries are Actelis Networks' (ASNS) solutions deployed for highway projects?

Actelis Networks' (ASNS) solutions are deployed across thousands of miles of highways in Italy, the United Kingdom, and Japan. They are also used in cities worldwide at traffic intersections to optimize signal timing and improve safety.

What are the key features of Actelis Networks' (ASNS) devices for roadside deployment?

Actelis Networks' (ASNS) devices for roadside deployment are designed to operate reliably in any climate, transmit critical data to traffic operations centers, and leverage existing network wiring to deliver fiber-grade connectivity over long distances without the need for new cabling installation.