Actelis Receives Over $150,000 in New Military Orders for New Cyber-Hardened Networking Solutions
22 Juli 2024 - 3:00PM
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,"
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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,
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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
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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
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Media Contact:Sean Renn Global VP
Marketing & Communicationssrenn@actelis.com
Investor Relations Contact:Actelis
Networks, Inc.ASNS@actelis.com
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