Actelis Receives Order For City of Napa Intelligent Traffic Management System
- The deployment of Actelis' hybrid-fiber connectivity solution in the City of Napa showcases the company's ability to provide networking flexibility and security, driving fiber-grade services over existing copper and effectively managing a mixed fiber/copper network. The solution allows for faster project deployment and significant cost savings on labor and construction equipment, making Actelis a strategic choice for the city's traffic safety initiatives.
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Insights
The deployment of Actelis Networks' hybrid-fiber connectivity solution in the City of Napa represents an advancement in smart city infrastructure, which is a growing segment within the IoT applications market. The partnership with Econolite to upgrade traffic management systems aligns with broader trends in urban development, where cities are increasingly investing in technology to improve efficiency and safety. The ability to retrofit existing infrastructure with fiber-grade connectivity without the need for extensive civil works is a significant competitive advantage for Actelis. This could position the company favorably in the market, potentially leading to increased demand for its products and services. The cost savings and rapid deployment capabilities mentioned could make Actelis an attractive option for other municipalities looking to upgrade their systems, potentially leading to a positive impact on the company's financial performance and stock valuation in the long term.
Actelis' emphasis on network security, particularly in the context of IoT devices at the network's edge, is of paramount importance. As cities become smarter and more connected, the risk of cyberattacks increases, making cybersecurity a critical selling point for municipal infrastructure projects. The company's secure data delivery algorithms and cyber-hardened protocols could serve as a differentiator in the market, where security concerns are paramount. For investors, the company's focus on security could mitigate risks associated with cyber threats, potentially reducing the likelihood of reputational damage and associated costs from data breaches. This proactive approach to cybersecurity may also comply with emerging regulations and standards, which could further enhance the company's market position and appeal to risk-averse investors.
Actelis Networks' project in Napa could be indicative of the company's ability to secure lucrative contracts and deliver on complex infrastructure upgrades. The financial implications of such projects include not just immediate revenue from the sale and installation of equipment but also ongoing maintenance and potential future upgrades. The mention of cost savings and avoidance of extensive permitting and civil works suggests that Actelis' solution could lead to higher profit margins compared to traditional fiber installations. This operational efficiency might be reflected in the company's financial statements as lower costs of goods sold (COGS) and higher gross margins. Investors should monitor subsequent earnings reports and management discussions for indications of how such projects are affecting the company's bottom line and whether this reflects a sustainable trend that could influence the company's stock performance.
Actelis and partner, Econolite, help accelerate city traffic safety initiatives
FREMONT, Calif., Feb. 01, 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 its hybrid-fiber connectivity solution has been recently deployed at traffic intersections throughout the City of Napa, California. Actelis’ local partner, Econolite, ordered and installed the solution, completing an Advanced Traffic Management System (ATMS) upgrade project at some of the busiest intersections in the city.
The City of Napa is the cultural center of California wine country, and its vibrant downtown is home to many local restaurants, wine tasting rooms, boutiques, and public art installments. Like many popular destinations where there is a strong combination of drivers, bikers, and pedestrians, Napa is very concerned with traffic safety. In September 2022, City Council adopted Napa’s Local Roadway Safety Plan (LRSP) which created a framework to systematically identify and analyze traffic safety related issues and recommend projects and countermeasures. Two key elements of the LRSP are:
- It is a data-driven safety plan, so the collection of data is ultra-important.
- Improvements to the city’s traffic signal timing (e.g. the coordination of the length of red, yellow, and green lights) needed to occur.
Sitting inside the city’s traffic cabinets, the newly installed Actelis hybrid-fiber switches provide fiber-grade connectivity to the intersection, transporting critical traffic related information back to the city’s traffic operations center. In order to reduce the number of collisions, traffic signal patterns can be modified, and Actelis’ system enables the city to make remote signal timing changes as needed.
The City of Napa and Econolite chose Actelis for this important project for two main reasons – networking flexibility and security. From a networking perspective, the City has fiber at some of its intersections and copper at others. Actelis’ hybrid-fiber switches and MetaASSIST Element Management System are uniquely designed to drive fiber-grade services over fiber OR existing copper while managing a mixed fiber/copper network. This flexible solution saves many months of permitting and civil works that is typically required for new fiber construction in locations where fiber is not currently installed. Faster project deployment, along with savings of hundreds of thousands of dollars on labor and construction equipment, makes Actelis the perfect choice for Napa.
The city has high standards for network security and works closely with its vendors to ensure that proper security settings are in place. Actelis has engineered its devices with secure data delivery algorithms, helping to keep city networks safe, especially at the edge of the network where IoT devices are vulnerable.
“We pride ourselves on getting the most out of the network infrastructure that is already available and shielding the network from attacks,” said Tuvia Barlev, Chairman and CEO of Actelis. “Our ability to boost the performance of existing copper to fiber quality as well as the capability to extend fiber connectivity within the same network, while utilizing cyber-hardened protocols, makes us unique and helps our customers lower their network infrastructure costs and accelerate project timelines.”
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 may 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
What is the recent announcement from Actelis Networks, Inc. (NASDAQ:ASNS) and its partner Econolite?
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