Actelis Networks Announces New Order from Major German Municipality for Modernization of Secure Critical Infrastructure IoT Network
28 Oktober 2024 - 1:30PM
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 follow-on order for the expansion of its
hybrid-fiber networking technology for a Major German Municipality.
This order further strengthens Actelis’ footprint in Germany, and
further bolsters its presence in the field of intelligent
transportation systems (ITS) for smart traffic applications. This
order comes on the backdrop of previously announced significant
orders and successful deployments across many sectors, including
highways and ITS, utilities, airports and the military.
“In today's rapidly evolving infrastructure
landscape, the need for both speed and security in IoT network
modernization has never been more critical,” said Tuvia Barlev,
Chairman and CEO of Actelis. “Our hybrid-fiber technology not only
allows cities and operators to upgrade their networks quickly and
cost-effectively, but also fortifies them against emerging cyber
threats. This expanded partnership in Germany reflects the growing
confidence in Actelis to deliver scalable, secure solutions that
are essential for the resilience and functionality of critical
infrastructure.”
In Germany, critical infrastructure spending is on the rise as
the country aims to enhance resilience and drive economic growth.
In 2024 alone, over 30 billion euros were allocated for federal
highways, waterways, and railroads, underscoring Germany's
commitment to modernization. The government's National Strategy for
Critical Infrastructure Protection further highlights the
importance of safeguarding vital systems while addressing existing
vulnerabilities. By adopting Actelis' solution, cities are
accelerating project completion while ensuring long-term security
for their infrastructure. This expansion order in Germany reflects
Actelis growing presence in the intelligent transportation space.
Notably, earlier this month, Actelis announced the expansion of
Expansion Order for Major Italian National Transportation
Infrastructure Project, also in the field of Intelligent
Transportation.
Actelis’ solution supports a wide range of smart
city applications by providing secure, high-speed, long-range
connectivity for traffic management, public safety, utilities,
public WiFi, and municipal broadband services. The technology
allows cities to save both time and money by leveraging existing
network wiring to deliver fiber-grade data transmission, regardless
of the type of infrastructure in place. By eliminating the need for
extensive engineering, digging, or trenching, projects are
completed faster and at significantly lower costs compared to
installing new wiring.
The company is also bolstering its data
protection offering for smart cities and IoT operators. In August,
Actelis announced a partnership with an advanced cybersecurity
provider to develop and deliver a novel, AI-Powered SaaS offering,
under Actelis’ ‘Cyber Aware Networking’ initiative. Designed as an
intelligence layer integrated into Actelis’ networking devices, the
solution identifies anomalies in the network in real-time and
enables operators to prevent further threats.
“We're enabling multi-layer protection for
critical infrastructure networks, starting with threat
identification and equipping operators with the tools and insights
needed to safeguard their networks against future attacks,” said
Barlev.
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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