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About Actelis Networks, Inc.
Actelis Networks, Inc. (NASDAQ: ASNS) is a leading provider of hybrid fiber-copper networking solutions, specializing in enabling secure, rapid, and cost-effective connectivity for wide-area Internet of Things (IoT) applications. By combining newly deployed fiber infrastructure with existing copper and coaxial lines, Actelis delivers high-performance broadband solutions that address the unique challenges of critical infrastructure, intelligent transportation systems (ITS), government networks, utilities, and military operations.
Core Business Areas
At the heart of Actelis' business model is its ability to transform legacy infrastructure into strategic assets. The company's innovative technology allows for the deployment of fiber-grade connectivity over hybrid networks, significantly reducing installation costs and time. Actelis serves a diverse range of industries, including:
- Intelligent Transportation Systems (ITS): Providing secure and reliable connectivity for traffic management, signalized intersections, and smart road technologies.
- Government and Defense: Enabling secure communication networks for federal, state, and local agencies, as well as military bases.
- Utilities and Energy: Supporting critical infrastructure with robust and scalable networking solutions.
- Telecommunications: Enhancing last-mile connectivity for residential and enterprise broadband services.
Technological Innovation
Actelis is at the forefront of hybrid networking innovation, offering solutions that combine high-speed performance with the flexibility of leveraging existing infrastructure. Its 'Cyber Aware Networking' initiative integrates advanced AI-driven cybersecurity features directly into its networking products. This approach ensures end-to-end protection for IoT networks, safeguarding data at the edge where vulnerabilities are most pronounced. Key features include:
- AI-Powered Threat Detection: Real-time monitoring and mitigation of cyber threats.
- End-to-End Security: Encryption and coding technologies applied across hybrid fiber-copper networks.
- Rapid Deployment: Solutions designed for quick installation with minimal disruption.
Market Position and Competitive Edge
Operating in a rapidly growing IoT and critical infrastructure market, Actelis differentiates itself through its unique hybrid approach. While many competitors focus solely on fiber or wireless solutions, Actelis bridges the gap by leveraging existing copper and coaxial lines. This strategy not only reduces costs but also accelerates deployment, making it an attractive choice for budget-conscious and time-sensitive projects. Additionally, the company's focus on cybersecurity, through solutions like its MetaShield platform, positions it as a trusted partner in protecting critical networks.
Recurring Revenue Model
In addition to hardware sales, Actelis is expanding its recurring revenue streams through software-as-a-service (SaaS) offerings. Its AI-powered cybersecurity solutions, integrated into its networking products, provide ongoing value to customers while generating predictable revenue for the company. This dual revenue model enhances financial stability and supports long-term growth.
Commitment to Sustainability
Actelis' solutions are designed with sustainability in mind. By reusing existing infrastructure, the company minimizes the environmental impact of new deployments. Its energy-efficient products further contribute to reducing the carbon footprint of its customers' operations, aligning with global sustainability goals.
Conclusion
Actelis Networks, Inc. is uniquely positioned to address the evolving connectivity and security needs of critical industries. By combining innovative hybrid networking technology with advanced cybersecurity features, the company provides scalable, cost-effective, and secure solutions that enable the digital transformation of infrastructure worldwide. As IoT adoption continues to grow, Actelis is well-equipped to play a pivotal role in shaping the future of secure and resilient networking.
Actelis Networks (NASDAQ: ASNS) has announced a strategic partnership to develop an AI-powered cybersecurity SaaS for IoT networks. This new offering, part of Actelis' 'Cyber Aware Networking' initiative, will be integrated into their existing networking devices to monitor and protect IoT assets at the network edge. The solution aims to enhance security, efficiency, and operational continuity for critical infrastructure applications like government networks, utilities, and transportation systems.
Key features of the new offering include:
- AI-driven threat detection and mitigation
- Comprehensive visibility and monitoring capabilities
- Scalability for large networks
- Integration with Actelis' DoD-certified networking solutions
This move is expected to expand Actelis' market presence in the IoT sector and increase recurring software revenues. The global IoT security market is projected to reach $306 billion by 2032, highlighting the significant opportunity for Actelis in this growing field.
Actelis Networks Inc (NASDAQ:ASNS), a leader in cyber-hardened, rapid-deployment hybrid fiber networking solutions, is set to participate in the Q3 Investor Summit on August 20th, 2024. The company will deliver a presentation at 2:30 pm ET and be available for one-on-one meetings throughout the day. This virtual event focuses on 50 micro-cap companies with catalysts and/or strong performance in the current market.
The summit offers investors an opportunity to engage directly with Actelis Networks and explore their solutions for wide-area IoT applications across various sectors, including government, military, utility, rail, telecom, and campus applications. Interested qualified investors can register for free to attend the event and participate in live Q&A sessions.
Actelis Networks (NASDAQ: ASNS) reported strong Q2 2024 results, showcasing 372% sequential revenue growth and 81% year-over-year increase. Revenue reached $3.43 million, up from $1.9 million in Q2 2023. The company achieved positive EBITDA of $11,000, marking the first profitable quarter since 2022. Gross margin improved significantly to 57%, driven by increased revenue and a more profitable geographical mix. Operating expenses were reduced by 20% to $1.88 million. Actelis secured a $2.3 million order from Washington D.C.'s Department of Transportation and successfully deployed its solution in Bakersfield, CA. The company raised nearly $5 million in June 2024, strengthening its liquidity position.
Actelis Networks, Inc. (NASDAQ:ASNS) has secured new orders to deploy cyber-hardened network solutions for two major German utility providers. The orders include supplying the MetaLIGHT 684D networking solution to a large regional water supply company and a natural gas provider. Actelis' technology offers rapid deployment of fiber-grade connectivity over existing infrastructure, making it attractive for critical IoT networks in the utility sector.
The company's solution addresses the growing need for enhanced cybersecurity in utility networks, particularly in light of recent cyberattacks on water infrastructure. Actelis' advanced encryption protocols provide robust protection against threats such as ransomware, phishing, and hacking, aligning with concerns raised by agencies like the U.S. EPA regarding the vulnerability of water systems to cyber threats.
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.
Actelis Networks, Inc. (NASDAQ:ASNS) has secured a software and service contract renewal worth nearly $1.5 million from a major North American customer. The agreement primarily covers licensed access to Actelis' Element Management Software System (EMS), a scalable platform for remote network management and device provisioning. The EMS solution offers:
- Automated configuration and software upgrades
- Robust configuration management
- Real-time event notifications and email alerts
- Support for various network configurations
- Integration with third-party systems
The contract also includes technical support and extended warranty services. This renewal follows recent wins in the military, energy, and intelligent transportation sectors, showcasing Actelis' ability to support large-scale critical IoT infrastructure networks.
Actelis Networks, a market leader in networking solutions for IoT applications, announced a $260,000 order to modernize the traffic systems in a major Mid-Atlantic county. This project leverages Actelis' hybrid-fiber technology to improve traffic management, safety, and environmental initiatives. The County, home to over 1 million residents, is important for the region's economy and infrastructure. Actelis' advanced Ethernet aggregators and access devices will enhance the operational efficiency of traffic signals and safety cameras, aligning with the County's long-term goals of eliminating severe collisions by 2030 and promoting climate resilience.
Actelis Networks (NASDAQ: ASNS) has closed the exercise of its Series A-2 warrants, raising approximately $2.25 million in gross proceeds. These warrants, originally issued in June 2024, allowed for the purchase of up to 999,670 shares of common stock at $2.00 per share. The company issued new unregistered warrants to buy 1,999,340 shares of common stock at an exercise price of $1.75 per share, with a 24-month term.
H.C. Wainwright & Co. acted as the exclusive placement agent. The proceeds will be used for general corporate purposes. The new warrants and the shares issued upon their exercise are not registered under the Securities Act of 1933 and will require registration with the SEC before they can be resold in the U.S.
Actelis Networks (NASDAQ:ASNS) announced a definitive agreement for the immediate exercise of certain Series A-2 warrants, resulting in gross proceeds of approximately $2.25 million. These warrants allow the purchase of up to 999,670 shares at $2.00 per share. H.C. Wainwright & Co. is the exclusive placement agent. Additionally, the company will issue new unregistered warrants for 1,999,340 shares at $1.75 per share, effective immediately and valid for 24 months. The offering is expected to close by July 2, 2024, with proceeds used for general corporate purposes.
Actelis Networks (NASDAQ: ASNS) announced an initial order from a major German municipal utilities company. This order, part of a larger project, involves deploying Actelis' advanced hybrid-fiber networking solution to enhance smart city critical infrastructure. This solution will enable gigabit speeds using existing copper or fiber infrastructure, facilitating immediate deployment without new wiring. Additionally, it offers strong encryption to protect against cyber-attacks. Actelis' technology supports the growing need for secure and efficient IoT infrastructures, particularly in energy and utilities networks.
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