Actelis Receives New Significant Order for Major U.S. Department of Aerial Transportation Agency

Rhea-AI Summary

Actelis Networks, Inc. (NASDAQ:ASNS) has secured a significant order from a major U.S. Department of Transportation aerial agency for its cyber-hardened hybrid-fiber networking solution. This order follows recent wins in the transportation sector, including a $2.3 million contract with Washington D.C.'s DOT, a $300,000 order for an Italian national project, and a $260,000 order for a Mid-Atlantic US county.

Actelis' technology enables rapid deployment of IoT devices and broadband services, accelerating project timelines and reducing costs. The solution will support various applications, including connecting remote facilities and backhauling radar networks. CEO Tuvia Barlev emphasized the company's progress in the intelligent aerial transportation sector and the importance of their cyber-hardened platform in securing critical networks.

Positive

• Secured a significant order from a major U.S. Department of Transportation aerial agency
• Recent wins in the transportation sector totaling over $2.86 million
• Expansion in the intelligent transportation market
• Technology enables rapid deployment and cost savings for customers

Negative

• None.

With this latest order for the company’s Cyber-Hardened Hybrid-Fiber Networking Solution, Actelis continues to demonstrate strong position within the transportation sector with new significant order

FREMONT, Calif., Sept. 09, 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 significant order for a major aerial transportation agency operating underneath the umbrella of the U.S. Department of Transportation. Actelis continues to expand its presence in the transportation sector with its cyber-hardened, hybrid-fiber networking technology that is used at traffic intersections, along major highways and railways, and at international airports around the world.

Over the past four months, the company has announced several key intelligent transportation sector wins including a $2.3 Million Order for delivery of a new hybrid-fiber intelligent networking solution for Washington D.C.’s Department of Transportation in May, a $300,000 new order for an Italian national transportation infrastructure project in June, and a $260,000 Order for a major Mid-Atlantic US county traffic system modernization project in July. Actelis’ unique ability to help agencies greatly accelerate project timelines and save tremendous amounts of money on engineering and construction costs has helped secure these notable projects.

“We’re thrilled with the significant progress we’ve made in the intelligent aerial transportation sector,” said Tuvia Barlev, Chairman and CEO of Actelis. “Our customers deliver critical services to their communities, and we’re proud to play a key role by providing the essential connectivity and data transmission solutions they need, all secured by our cyber-hardened platform to protect their networks.”

This new order will enable Actelis to support the agency with a wide range of applications, including connecting remote facilities, backhauling radar networks, and consolidating T1 lines over IP for fiber projects. The flexibility of Actelis’ solutions is crucial in overcoming common project hurdles for its customers.

“Our solution eliminates many obstacles by delivering fiber-grade connectivity instantly, regardless of the existing wiring in the customer’s network,” Barlev continued. “This immediately upgrades their network, enabling the rapid deployment of IoT devices and broadband services without the lengthy delays of installing new cabling.”

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 is the latest significant order received by Actelis Networks (ASNS)?

Actelis Networks (ASNS) has received a significant order for its cyber-hardened hybrid-fiber networking solution from a major aerial transportation agency operating under the U.S. Department of Transportation.

How much was Actelis Networks' (ASNS) recent order from Washington D.C.'s Department of Transportation?

Actelis Networks (ASNS) received a $2.3 million order for delivery of a new hybrid-fiber intelligent networking solution for Washington D.C.'s Department of Transportation in May 2024.

What are the key applications of Actelis Networks' (ASNS) solution for the aerial transportation agency?

Actelis Networks' (ASNS) solution will support the agency in connecting remote facilities, backhauling radar networks, and consolidating T1 lines over IP for fiber projects.

How does Actelis Networks' (ASNS) technology benefit its customers in the transportation sector?

Actelis Networks' (ASNS) technology helps agencies accelerate project timelines, save money on engineering and construction costs, and provides instant fiber-grade connectivity without the need for new cabling installation.