Actelis Receives Over $150,000 in New Military Orders for New Cyber-Hardened Networking Solutions

Rhea-AI Summary

Actelis Networks (NASDAQ: ASNS) has received new orders exceeding $150,000 from a tier-1 military contractor for its latest cyber-hardened networking solution, the GigaLine 800 (GL800). This marks the first major deployment of the GL800 on U.S. military bases, following its NIST certification for FIPS standard and JITC certification. The GL800 is designed to deliver higher bandwidth to buildings and IoT devices, providing secure multi-gigabit fiber-grade connectivity over existing wiring. This hybrid-fiber solution enables rapid, overnight deployment while saving costs by avoiding new construction. The GL800 features high-end security protocols, including 256-bit MACsec encryption, making it attractive to government agencies seeking enhanced network security and quick connectivity.

Positive

• Received new orders exceeding $150,000 from a tier-1 military contractor
• First major deployment of the GigaLine 800 (GL800) on U.S. military bases
• NIST certification for FIPS standard and JITC certification obtained
• GL800 enables rapid, overnight deployment, saving costs for clients
• High-end security protocols, including 256-bit MACsec encryption, attract government agencies

Negative

• None.

Financial Analyst

Actelis Networks securing over $150,000 in new military orders represents a noteworthy milestone. This order is pivotal as it underscores the company's growing presence in the military sector, a market known for its stringent requirements and substantial budgets. Revenue from such contracts often leads to sustained cash flow and financial stability, which are key for any small to mid-cap company.

The implications of this deal extend beyond the immediate financial gain. Actelis' inclusion in the U.S. Department of Defense's Approved Products List and certifications from recognized bodies like JITC and NIST demonstrate their credibility and compliance with high-security standards. This could lead to more opportunities with government and military clients in the future, potentially resulting in exponential growth for the company.

Overall, these developments could positively impact Actelis' stock price in the short term due to increased investor confidence. In the long term, consistent military orders can provide a steady revenue stream, possibly leading to more robust financial health and expansion into other government sectors.

Tech Expert

The GigaLine 800 (GL800) by Actelis is a significant technological advancement in networking solutions, especially for military applications. Its key feature is the hybrid-fiber technology, which allows for multi-gigabit connectivity over existing wiring infrastructure. This means that military bases can upgrade their bandwidth capabilities without the extensive costs and time associated with laying new fiber cables. The overnight deployment capability is a game-changer, offering rapid enhancements in network performance without operational downtime.

The inclusion of high-end security protocols, like 256-bit MACsec encryption, is crucial. Given the increasing cybersecurity threats, especially in military operations, having a robust and secure network is paramount. The JITC certification further adds a layer of reliability and trust for military clients, ensuring that the GL800 meets rigorous interoperability and security standards.

In a broader context, the GL800's technology can set a benchmark in the industry, pushing other companies to innovate and meet these new standards of rapid deployment and high security. This could lead to a ripple effect, benefiting the entire tech ecosystem focused on secure IoT solutions.

Market Research Analyst

The entry of Actelis Networks into the military sector with the GL800 order highlights an important trend in the market: the growing demand for cyber-hardened, high-bandwidth networking solutions. As military bases modernize, the need for secure and rapid deployment of IoT infrastructure becomes critical. Actelis’ ability to deliver solutions that meet these demands positions the company strategically within this evolving market.

Moreover, the company's certifications and inclusion in the U.S. Department of Defense's Approved Products List indicate a strong market positioning and competitive advantage. This not only strengthens Actelis' brand but also opens up potential for future contracts and partnerships, both within the military and other government sectors.

For retail investors, this order signifies a promising growth trajectory for Actelis. The military sector's validation can boost investor confidence and potentially lead to a rise in stock prices. However, investors should also keep an eye on the company's ability to maintain and expand this momentum, ensuring a steady flow of similar high-value contracts.

Order for a global multi-billion dollar tier-1 military contractor bolsters Actelis' momentum in military infrastructure landscape following JITC and NIST certification for FIPS standard

FREMONT, Calif., July 22, 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 of over $150,000 for a tier-1 military contractor for its latest cyber-hardened networking solution, the GigaLine 800, which will be deployed on U.S. military bases. This order marks the first major deployment of the GL800, underscoring Actelis' momentum in the military sector following its certification by the National Institute of Standards and Technology (NIST) for FIPS standard, the Joint Interoperability Test Command (JITC), and placement on the U.S. Department of Defense's Approved Products List.

Military bases are continuing to modernize and digitize, requiring increased bandwidth to support buildings and IoT devices spread across their campuses. In December, Actelis officially launched the GigaLine 800 (GL800), designed specifically to deliver higher bandwidth to buildings and IoT devices. The GL800 is a hybrid-fiber solution, providing secure multi-gigabit fiber-grade connectivity over existing wiring, enabling rapid, overnight deployment while saving government agencies and service providers significant costs by avoiding the need for new construction and heavy engineering.

"This order for a significant military contractor is a testament to Actelis' growth and ambition in the IoT sector. Our innovative solutions continue to gain traction, and this latest deployment of the GL800 highlights our ability to meet the critical needs of modern military infrastructure with rapid deployment capabilities," said Tuvia Barlev, Chairman and CEO of Actelis. "As we expand our footprint in the IoT market, we are committed to delivering cutting-edge, secure, and quickly deployable solutions that drive growth and ensure the highest levels of network performance and security for our clients."

The GL800 is designed with high-end security protocols, including 256-bit MACsec encryption. It is just one of Actelis' secure solutions that is JITC certified, making it highly attractive to government agencies looking to enhance their network security and achieve rapid connectivity.

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:
Actelis Networks, Inc.
ASNS@actelis.com

FAQ

What is the value of the new military orders received by Actelis Networks (ASNS)?

Actelis Networks (ASNS) has received new orders exceeding $150,000 from a tier-1 military contractor for its GigaLine 800 (GL800) networking solution.

What certifications has the Actelis Networks (ASNS) GigaLine 800 received?

The GigaLine 800 (GL800) has received NIST certification for FIPS standard and JITC certification, and is placed on the U.S. Department of Defense's Approved Products List.

What are the key features of Actelis Networks' (ASNS) GigaLine 800 solution?

The GigaLine 800 (GL800) is a hybrid-fiber solution that provides secure multi-gigabit fiber-grade connectivity over existing wiring, enables rapid overnight deployment, and features high-end security protocols including 256-bit MACsec encryption.

How does Actelis Networks' (ASNS) GigaLine 800 benefit military bases?

The GigaLine 800 (GL800) helps modernize and digitize military bases by delivering higher bandwidth to buildings and IoT devices, enabling rapid deployment, and saving costs by avoiding new construction and heavy engineering.