Actelis Networks Announces Follow-On Order from U.S. Department of Transportation Agency Expanding Footprint to New Regions
15 Oktober 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 follow-on order in new geographies from a major
aerial transportation agency operating underneath the umbrella of
the U.S. Department of Transportation. This follows the significant
order previously announced by Actelis in September, for the same
agency, demonstrating the agency’s confidence in Actelis to deliver
a robust and secure connectivity solution while maximizing their
existing network infrastructure.
The project calls for advanced technology to
support the backhaul of radar communications—critical for ensuring
air safety and smooth operations. Actelis’ solution enables
reliable transmission of radar data to air traffic control centers,
providing the high bandwidth and security essential in
mission-critical environments. A key advantage of Actelis’
technology lies in its adaptability: in fiber-equipped locations,
Actelis’ hybrid-fiber devices manage data transmissions seamlessly,
while in areas without fiber, Actelis’ solution enhances the
performance of existing twisted pair copper to fiber-grade quality.
This flexibility delivers an immediate, cost-effective upgrade to
existing infrastructure.
“We continue to build a strong reputation across
intelligent transportation networks, securing follow-on orders by
demonstrating our value across diverse applications—from traffic
management to railway connectivity and aerial transportation,” said
Tuvia Barlev, Chairman and CEO of Actelis. “Reliable connectivity
is critical for safe travel and fluid mobility. Our flexible
solution enables agencies to complete projects significantly faster
than alternative options, reinforcing our role as a trusted
partner.”
With billions invested globally in modernizing
air traffic management systems, reliable and adaptable solutions
like Actelis’ are in high demand. According to a Fortune Business
Insights report, the global air traffic management and consulting
market is expected to grow from $14.79 billion in 2024 to $19.46
billion by 2032, at a compound annual growth rate (CAGR) of
3.49%.
“Despite substantial investments, modernization
efforts remain challenged by the high costs of new wiring for
connectivity,” Barlev added. “Our solution leverages existing
network wiring, enabling agencies to maximize their budgets while
avoiding unnecessary labor expenses.”
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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