Actelis Receives Expansion Order for Major Italian National Transportation Infrastructure Project
02 Oktober 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 its cyber-hardened temperature
hardened networking technology for a major Italian motorways
operator. This order is an expansion of an order previously
announced in June for an Italian National Transportation
Infrastructure Project of over $300,000.
“We’re excited to see our continued growth in
the Intelligent Transportation space and proud to play a key role
in enhancing road safety,” said Tuvia Barlev, Chairman and CEO of
Actelis. “These new orders from Italy highlight both the
effectiveness of our solution and the trust major transportation
operators place in Actelis.”
Roadway safety is the top priority for the
Italian operator, and Actelis' solution enables rapid modernization
of their network infrastructure, expanding the use of critical
safety tools like CCTV, speed cameras, sensors, and digital
signage. Covering thousands of miles of roadways presents
challenges, as these devices demand fast, secure, and reliable
connectivity over long distances. Existing motorway wiring often
falls short of handling the high data demands, which is why
operators rely on Actelis for enhanced bandwidth and
performance.
Actelis’ solution leverages existing network
wiring—whether fiber, copper, or coax—to deliver fiber-grade
connectivity over long distances without the high costs and
resource demands of installing new cabling. Designed for roadside
deployment, Actelis devices operate reliably in any climate,
transmitting critical data to traffic operations centers to enable
real-time decision-making, improve public messaging, manage traffic
flow, and enhance overall safety.
Although Actelis continues to grow in the ITS
market, the company is no stranger to large motorway projects. In
addition to the Italian motorways, Actelis' solutions are deployed
across thousands of miles of highways in the United Kingdom and
Japan, where operators use its hybrid-fiber networking technology
to provide long-distance connectivity in networks that combine
fiber and copper wiring. Actelis devices are also used in cities
worldwide at traffic intersections to optimize signal timing,
enhance traffic flow, and improve safety for motorists, passengers,
pedestrians, and cyclists.
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,"
"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
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