Welcome to our dedicated page for Actelis Networks news (Ticker: ASNS), a resource for investors and traders seeking the latest updates and insights on Actelis Networks stock.
Actelis Networks, Inc. (NASDAQ: ASNS) delivers cyber-hardened hybrid networking solutions that transform existing infrastructure into secure, high-performance assets for critical IoT deployments. This news hub provides investors and technology professionals with essential updates on the company's innovations in fiber-copper integration, cybersecurity advancements, and infrastructure modernization projects.
Access timely announcements including earnings reports, product launches, strategic partnerships, and government contracts. Our curated collection features developments in AI-driven network security, smart city deployments, and mission-critical communication systems. Stay informed about ASNS's progress in enabling secure broadband connectivity across transportation networks, utility grids, and defense applications.
Key updates cover the company's patented MetaShield technology, hybrid network expansion initiatives, and recognition in cybersecurity standards. Bookmark this page for consolidated access to Actelis Networks' official communications and market-moving developments in intelligent infrastructure solutions.
Actelis Networks (NASDAQ:ASNS) has appointed Dr. Niel Ransom, an industry veteran with nearly five decades of experience in networking and communications technology, to its Board of Directors, effective immediately. Dr. Ransom brings extensive expertise from his career at Bell Labs, BellSouth, and as Corporate CTO of Alcatel, where he led global R&D investments and M&A strategy.
The appointment follows the retirement of Joseph Moscovitz from the Actelis Board, effective February 1, 2025. Dr. Ransom's experience spans optical networking, mobile edge computing, and broadband access solutions. He has served on boards of multiple public companies and was recently a Partner at Celesta Capital. He holds a Ph.D. in Electrical Engineering from Notre Dame and an MBA from the University of Chicago.
Actelis Networks (NASDAQ:ASNS) has secured a six-figure USD renewal order from Kenton Group for support services of hybrid networking systems for UK transport authorities. The order is linked to the modernization of the National Roads Telecommunications Service (NRTS), which connects over 36,000 services across England's Strategic Road Network.
The company's hybrid fiber solutions leverage existing infrastructure to support smart road technologies, including Vehicle-to-Everything (V2X) and automated systems. This order positions Actelis for potential opportunities in the anticipated NRTS-3 phase, which aims to further modernize the UK's transport network with advanced digital services.
The announcement follows recent orders from Washington D.C. Department of Transportation and the City of Seattle, demonstrating Actelis' expanding presence in delivering hybrid fiber networking solutions for Intelligent Transportation Systems.
Actelis Networks (NASDAQ:ASNS), a leader in cyber-hardened networking solutions for IoT and broadband applications, has announced its participation in The Microcap Conference 2025. The event will be held from January 28-30, 2025, at the Borgata Hotel Spa & Casino in Atlantic City, NJ.
The company's Deputy CEO and CFO, Yoav Efron, will deliver a presentation on Wednesday, January 29, 2025, at 4:00 PM EST. Additionally, he will conduct one-on-one meetings with qualified investors, which can be scheduled through the conference platform.
The Microcap Conference, organized by DealFlow Events, stands as the largest independent microcap event in the U.S., facilitating connections between top-tier investors and microcap company executives through presentations, meetings, and networking opportunities.
Actelis Networks (NASDAQ:ASNS) received coverage initiation from Litchfield Hills Research analyst Theodore O'Neill with a $5 price target and Buy rating. The research highlights Actelis' extensive global presence, serving over 300 customers across 30 countries, including government agencies, transportation authorities, and defense organizations.
The company's competitive advantage stems from its 31 granted U.S. patents and proprietary trade secrets, creating a strong technology moat. Recent projects include modernizing Washington, D.C.'s traffic network. The report also emphasizes Actelis' 'Cyber Aware Networking' initiative, which incorporates AI-driven cybersecurity into its networking solutions.
Actelis Networks (NASDAQ:ASNS) has officially launched MetaShield, an AI-based cybersecurity solution integrated into their networking products. The solution is designed to protect IoT and critical infrastructure networks, particularly at vulnerable edge locations, through continuous monitoring and real-time protection.
MetaShield is part of Actelis' Cyber Aware Networking strategy and represents a significant step toward expanding their portfolio and establishing a SaaS business model. The product integrates with existing Actelis solutions, featuring real-time anomaly detection, AI-driven threat mitigation, and automated network responses.
Following positive industry feedback during its pre-launch phase announced in August, Actelis is now expanding sales activities. The company expects MetaShield to generate additional recurring revenue streams through its SaaS offering while differentiating its networking solutions in the market.
Actelis Networks (NASDAQ: ASNS) is experiencing significant growth in the smart cities and cybersecurity sectors. The company's hybrid-fiber technology combines fiber-grade connectivity with existing copper infrastructure, proving important for urban network upgrades. In Q3 2024, Actelis reported revenue of $2.54 million, a 200% increase from Q3 2023, with year-to-date revenue reaching $6.7 million, up 46% year-over-year. Gross margins improved to 69% from 27%.
Notable achievements include Seattle's ITS modernization project, expansion in Washington, D.C., contracts with the U.S. Army National Guard, and European deployments. The company's 'Cyber Aware Networking' initiative introduces AI-driven cybersecurity features, addressing the growing threat to critical infrastructure.
Actelis Networks (NASDAQ:ASNS) has secured a significant new order from the City of Seattle Department of Transportation (SDOT) to upgrade and expand the city's Intelligent Transportation System (ITS). The company's hybrid-fiber networking technology will power traffic management applications, including signals, cameras, congestion monitoring systems, and dynamic messaging signs.
This win follows recent successes in Washington D.C., San Jose, and major international cities. The global ITS market is projected to reach $65.33 billion by 2032, with the broader smart city market expected to grow to $165.8 billion by 2028. Currently, 66% of U.S. cities are investing in smart city technologies.
The order was facilitated through Actelis' Washington State-based reseller partner, Western Systems, supporting the company's expansion in ITS and government infrastructure markets.
Actelis Networks (NASDAQ:ASNS) has secured new orders from the Washington DC Department of Transportation (DDOT), following a $2.3 million order from May 2024. The company is working with M.C. Dean, DDOT's key integrator, to modernize network connectivity infrastructure along DC's roadways and intersections.
The project addresses DC's significant traffic congestion issues by implementing cyber-hardened hybrid-fiber networking solutions that transform existing wiring into Gigabit-capable infrastructure, avoiding costly new cable installations while supporting high-demand applications like traffic monitoring systems and advanced cameras.
Actelis Networks (NASDAQ: ASNS) reported strong Q3 2024 results with revenue reaching $2.54 million, a 200% year-over-year increase. Nine-month revenue grew 46% to $6.7 million. Gross margin improved significantly to 69% in Q3 2024, up from 27% in Q3 2023. Operating expenses decreased by 12% in Q3 2024, while net loss narrowed by 41% to $511,000. The company secured nearly $5 million in funding in June 2024, with shareholders' equity reaching $2.8 million. Notable achievements include a $1.4 million two-year software and services contract renewal with a major North American customer and continued expansion in transportation and infrastructure projects across the US and Europe.
Actelis Networks (NASDAQ:ASNS) showcased its GigaLine 900 (GL900) broadband solution at multiple industry events, gaining significant attention for its ultra-low power consumption and cost-effective approach to delivering symmetrical Gigabit services in multi-dwelling units (MDUs). The GL900 operates at less than 5W power consumption and can utilize existing copper or coax wiring, eliminating the need for new fiber installation. The solution targets approximately 23 million apartment buildings in the U.S., offering rapid deployment with Gigabit performance achievable in under an hour. The company reports receiving initial customer orders with multiple trials currently in progress.
