Actelis Receives New Significant Order for Major U.S. Department of Aerial Transportation Agency
09 September 2024 - 10:05PM
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 significant order for a major aerial
transportation agency operating underneath the umbrella of the U.S.
Department of Transportation. Actelis continues to expand its
presence in the transportation sector with its cyber-hardened,
hybrid-fiber networking technology that is used at traffic
intersections, along major highways and railways, and at
international airports around the world.
Over the past four months, the company has
announced several key intelligent transportation sector wins
including a $2.3 Million Order for delivery of a new
hybrid-fiber intelligent networking solution for Washington D.C.’s
Department of Transportation in May, a $300,000 new order for
an Italian national transportation infrastructure project in June,
and a $260,000 Order for a major Mid-Atlantic US county
traffic system modernization project in July. Actelis’ unique
ability to help agencies greatly accelerate project timelines and
save tremendous amounts of money on engineering and construction
costs has helped secure these notable projects.
“We’re thrilled with the significant progress
we’ve made in the intelligent aerial transportation sector,” said
Tuvia Barlev, Chairman and CEO of Actelis. “Our customers deliver
critical services to their communities, and we’re proud to play a
key role by providing the essential connectivity and data
transmission solutions they need, all secured by our cyber-hardened
platform to protect their networks.”
This new order will enable Actelis to support
the agency with a wide range of applications, including connecting
remote facilities, backhauling radar networks, and consolidating T1
lines over IP for fiber projects. The flexibility of Actelis’
solutions is crucial in overcoming common project hurdles for its
customers.
“Our solution eliminates many obstacles by
delivering fiber-grade connectivity instantly, regardless of the
existing wiring in the customer’s network,” Barlev continued. “This
immediately upgrades their network, enabling the rapid deployment
of IoT devices and broadband services without the lengthy delays of
installing new cabling.”
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 StatementsThis
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
& Communicationssrenn@actelis.com
Investor Contact:ARX | Capital Markets
AdvisorsNorth American Equities
Deskactelis@arxadvisory.com
Actelis Networks (NASDAQ:ASNS)
Historical Stock Chart
Von Sep 2024 bis Okt 2024
Actelis Networks (NASDAQ:ASNS)
Historical Stock Chart
Von Okt 2023 bis Okt 2024