Actelis Networks Bags
Significant Orders for Seattle and Washington D.C. New Report Shows
Their Potential as Smart City Market Eyes Trillions and
Infrastructure Cyber Security Gains Importance - $ASNS
December 11, 2024 -- InvestorsHub NewsWire -- via Future
Markets Research -- Actelis Networks (NASDAQ: ASNS) recently
reported a significant order for the city of Seattle following an
order for Washington D.C. A new report covering the company
highlights Actelis' unique poential for growth as it benefits from
massively growing international markets it operates in. The global
smart cities market is experiencing explosive growth, projected to expand from
$767.75 billion in 2024 to $4.65 trillion by 2032, representing a
staggering annual growth rate of 25.2%. Additoinally, globally,
cyberattacks on essential systems increased by 30% in 2023,
with sectors like energy, telecommunications, and transportation
being primary targets. Actelis is positioniend to potentially
benefit from both these industries' growth especially given rising
geo-politicial tensions. Actelis strong position is fruther
bolstered by its recently reported 200% increase in revenues so
far.
Background - Actelis' Recent Milestones
Actelis Networks operates at the intersection of rapidly growing
industries, including smart cities, cybersecurity, and critical
infrastructure modernization. The company's hybrid-fiber
technology, which combines the speed and reliability of fiber-grade
connectivity with the cost-effectiveness of leveraging existing
copper infrastructure, has proven indispensable for cities and
government entities seeking efficient solutions for upgrading aging
networks. In 2024, Actelis introduced its "Cyber Aware Networking"
initiative, an AI-driven software component it is collaborating on
that adds an additional layer of cybersecurity to its networking
solutions. This software continuously monitors for and mitigates
cyber threats, addressing vulnerabilities in real-time, especially
at the edge of IoT networks.
Actelis has experienced significant
growth over the past year, driven by high-profile projects and
expanding market confidence. The most recent notable achievements
include:
- Seattle ITS Modernization: Actelis'
hybrid-fiber technology was selected to power Seattle's Intelligent
Transportation Systems (ITS), supporting traffic signals,
congestion monitoring systems, and dynamic messaging. As the
"Smartest City" in the U.S., Seattle's decision to partner with
Actelis underscores the trust placed in its solutions for critical
urban infrastructure.
- Washington, D.C. Expansion: Actelis secured
additional orders for the nation's capital, building on a $2.3
million project announced earlier in 2024. This collaboration with
M.C. Dean integrates Actelis' technology into Washington's traffic
management systems, optimizing flow and safety in one of the
country's busiest urban environments.
- Military and Government Contracts: Actelis has
expanded its presence in the defense sector, securing order for the
U.S. Army National Guard bases and achieving inclusion on the
Department of Defense Information Network (DoDIN) Approved Products
List. These milestones reflect Actelis' growing role in national
security and critical infrastructure resilience.
- European Deployments: Actelis' success in
Germany and Italy highlights its ability to adapt its solutions for
international markets. Recently announced projects include upgrades
to ITS infrastructure in German municipalities and Italian
motorways, demonstrating Actelis' versatility and global reach.
The Broader Market Perspective: Growing Market and
Budgets for Smart Cities Alongside Increased Cyber Threats to
Critical Infrastructure
The global smart cities market is
experiencing remarkable growth, projected to expand from
$767.75 billion in 2024 to $4.65 trillion by 2032, representing a
staggering annual growth rate of 25.2%. This transformation is
fueled by rapid urbanization, increased investment in IoT
technologies, and advancements in 5G infrastructure. At the heart
of this revolution are, among other things, Intelligent
Transportation Systems (ITS), a critical segment anticipated to
grow to $65.33 billion by 2032. These systems depend on secure,
high-speed connectivity to manage traffic flow, enhance public
safety, and reduce urban congestion—all areas where Actelis'
technology excels.
Actelis' hybrid-fiber networking solutions seem to directly
address these challenges by offering fiber-grade performance while
leveraging existing copper infrastructure. This approach
significantly reduces deployment costs and accelerates timelines,
making it an essential solution for cities constrained by budgets
or facing urgent modernization demands. The cyber-hardened nature
of Actelis' networking technology ensures that critical
infrastructure, including ITS and urban IoT systems, remains secure
against escalating cyber threats. Recent deployments in Seattle and
Washington, D.C., underscore the company's capability to provide
scalable, resilient solutions tailored to modern urban
infrastructure needs.
Actelis' cyber hardedning capabilities alongside its cyber-aware
networking initiative gain further importance amidst the growing
sophistication of cyber threats targeting critical infrastructure
is intensifying. Globally, cyberattacks on essential systems
increased by 30% in 2023,
with sectors like energy, telecommunications, and transportation
being primary targets. The interconnected nature of these systems
amplifies the risk, as vulnerabilities in one area can cascade into
others. These challenges are compounded by geopolitical tensions,
as highlighted by recent
reports from the House Committee on Homeland Security.
2024: A Transformative Year
Actelis' financial achievements in 2024 underscore its strong
growth trajectory. In Q3 2024, the company reported
revenue of $2.54 million, a 200% increase from Q3 2023.
Year-to-date revenue reached $6.7 million, a 46% year-over-year
increase. Gross margins surged to 69%, up from 27% the previous
year, driven by high-margin software and hybrid-fiber
solutions.
Key to this success was a $1.4 million renewal contract with a
major North American client, $1.1 million of which was recognized
in Q3. Additionally, Actelis reduced operating expenses by 12% and
narrowed its net loss by 41% to $0.51 million. These results
indicate that Actelis is steadily moving toward profitability while
maintaining disciplined cost management. The company's robust
performance since is complemented by its strategic wins in Seattle,
Washington, and other key markets, demonstrating its ability to
continue receiving large-scale projects and and gaining the
confidence of major city's and local governments.
Looking Ahead
Actelis Networks seems to be at the forefront of critical
infrastructure modernization, driving advancements in secure,
scalable networking solutions. With its innovative hybrid
copper-fiber technology, AI-driven cybersecurity measures, and
strong financial performance, Actelis is poised for sustained
growth in the rapidly evolving markets of smart cities,
transportation, and defense. As cities and governments increase
their focus on IOT, smart city investments, infrastructure
modernization and cyber resilience, it seems like Actelis may be
well-positioned to lead the way.
Important disclaimers and disclosures: This update may
include speculative forward looking statements. Readers are
cautioned that any such forward-looking statements are not
guarantees of future performance and involve risks and
uncertainties, and that actual results may differ materially from
those in the forward-looking statements as a result of various
factors. The cyber, smart city, IOT and other industries and or
markets mentioned are volatile and risky and readers are advised to
seek out preffesional advice in the relevent feilds from licensed
profesionals. This report is for informational purposes only and is
not intended to serve as financial, investment or any form of
professional advice, recommendation or endorsement. Please review
the full
documentation detailing financial compensation disclosures
and disclaimers the article is subject to. [https://justpaste.it/ecto7/pdf].
Future Markets Research is a commercial digital brand operated for
IR purposes compensated by the issuer aforementioned to
provide coverage of news and developments related to innovative
companies as detailed in the full documentation and it is thus
subject to conflicts of interest.
SOURCE: Future Markets Research
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