Actelis Receives New Order for Intelligent Traffic System (ITS) Networking in New York City Metro Area
27 August 2024 - 2:30PM
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 a new order for a densely populated
municipality located in the New York City metropolitan area. As
part of the order, Actelis will provide a hybrid-fiber networking
solution that will enable fiber-grade connectivity overnight for
the municipality’s traffic management system, through Netceed,
Actelis’ partner.
“In the intelligent transportation market, data
collection and analysis are crucial for optimizing traffic flow and
safety,” said Tuvia Barlev, Chairman and CEO of Actelis. “Our
technology not only empowers cities to rapidly expand their IoT
infrastructure for real-time data capture but also provides the
flexibility to make remote adjustments, enhancing operational
efficiency and responsiveness. Recognizing that many traffic
networks have a mix of fiber and copper/coax, we designed our
solution to manage connectivity and cyber harden any wired medium,
expediting and simplifying deployment, while reducing costs for
cities as they adapt to changing ITS needs.”
Heavily congested areas like the New York City
metro area require strong traffic management to ensure smooth
traffic flow and high levels of safety. The municipality
incorporates a combination of technologies in their traffic
management system including red light cameras and the utilization
of signal timing and adaptive control to help achieve its goals.
Actelis' hybrid-fiber devices, strategically placed at key
intersections, enable robust network connectivity and secure data
transmission to the city’s traffic operations center. This setup
allows real-time monitoring and adaptive adjustments to traffic
conditions, demonstrating the transformative impact of Actelis'
technology on urban traffic management.
A key advantage of Actelis' solution is its
ability to seamlessly provide fiber-grade connectivity over any
combination of existing copper/coax and newer fiber networks. By
elevating copper/coax connectivity to fiber-grade performance,
Actelis enables cities to leverage their existing infrastructure
for immediate, secure and cost-effective implementation.
Earlier this year, Actelis and Netceed announced
a partnership that would greatly expand Netceed’s connectivity
offering to the intelligent transportation industry and other IoT
markets, where it currently supplies a wide range of products
including traffic signal hardware, enclosures, and cabling
products. This new order represents a significant milestone,
showcasing the vast potential of the partnership with Netceed by
addressing the critical needs of city-wide traffic management
systems.
About Actelis Networks, Inc.
Actelis Networks, Inc. (NASDAQ: ASNS) is a market leader in
hybrid fiber-copper, cyber-hardened networking solutions for rapid
deployment in wide-area IoT applications, including government,
ITS, military, utility, rail, telecom, and campus networks.
Actelis’ innovative portfolio offers fiber-grade performance with
the flexibility and cost-efficiency of hybrid fiber-copper
networks. Through its "Cyber Aware Networking" initiative, Actelis
also provides AI-based cyber monitoring and protection for all edge
devices, enhancing network security and resilience. 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,"
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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
& Communicationssrenn@actelis.com
Investor Contact:ARX | Capital Markets
AdvisorsNorth American Equities Deskactelis@arxadvisory.com
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