Core Insights - Actelis Networks, Inc. has received a follow-on order from a Hungarian utility provider to support the modernization of its communications network, building on a previous engagement from October 2023 [1][2][3] Company Overview - Actelis is a market leader in cyber-hardened, rapid deployment networking solutions for IoT and broadband applications, focusing on hybrid fiber-copper technologies [4] - The company's solutions are designed to provide secure, high-speed data transmission essential for monitoring and controlling critical infrastructure [2][3] - Actelis' technology is widely deployed across various sectors, including transportation, energy, government, and military, offering robust and high-performance communications solutions [3][4] Recent Developments - The latest order will expand the deployment of Actelis' advanced hybrid fiber networking technology across additional locations, reinforcing the network's capabilities [2][3] - The company emphasizes its commitment to supporting the digital transformation of Hungary's energy sector, highlighting the trust customers place in its solutions [3]

Core Insights - Actelis Networks, Inc. has received an order for the County of Ventura's Systemic Countywide Signalized Intersection Improvement Project, aimed at modernizing traffic signal communications across the county [1][4] - The project will utilize Actelis' advanced networking technology to enable high-speed, secure data transmission between traffic management centers and signalized intersections, enhancing traffic flow and safety while reducing infrastructure costs [2][3] - Actelis is collaborating with Crosstown Electrical & Data, Inc., a contractor specializing in Intelligent Transportation Systems, to implement the project [3][4] Company Overview - Actelis Networks is a leader in hybrid fiber-copper, cyber-hardened networking solutions for rapid deployment in various IoT applications, including government and transportation sectors [5] - The company's technology is widely used in traffic management applications globally, contributing to operational efficiency and smart transportation initiatives [4][5] - Actelis offers a "Cyber Aware Networking" initiative that includes AI-based cyber monitoring and protection for edge devices, enhancing network security [5]

Core Viewpoint - Actelis Networks, Inc. has appointed Julie Kunstler as an independent director to its Board of Directors, bringing extensive experience in communications technology and corporate governance [1][5]. Group 1: Appointment Details - Julie Kunstler's appointment is effective immediately and reflects Actelis' commitment to enhancing its board with diverse perspectives and deep industry knowledge [1][5]. - Kunstler has over three decades of experience in communications components and broadband access equipment sectors, along with public company board experience [1][2]. Group 2: Professional Background - Kunstler currently serves on the board of Ethernity Networks Ltd. and has previously been on the board of TTI Team Telecom International [2]. - She has held leadership roles in the communications technology landscape, including Chief Analyst for the Broadband Access Intelligence Service at Omdia and Vice President of Business Development at Teknovus [3]. - Kunstler co-founded Portview Communications Partners, a venture capital fund focused on early-stage investments in communications technology [4]. Group 3: Strategic Importance - Kunstler expressed her honor in joining Actelis and highlighted the expanding requirements for secure broadband access networking solutions across various sectors [5]. - Tuvia Barlev, Chairman and CEO of Actelis, emphasized that Kunstler's strategic vision and expertise will be instrumental in strengthening the company's leadership in cyber-hardened networking solutions [5]. Group 4: Company Overview - Actelis Networks is a market leader in hybrid fiber-copper, cyber-hardened networking solutions for rapid deployment in wide-area IoT applications [7]. - The company offers fiber-grade performance with the flexibility and cost-efficiency of hybrid fiber-copper networks and provides AI-based cyber monitoring and protection for edge devices [7].

Core Insights - Actelis Networks, Inc. has appointed Dr. Niel Ransom to its Board of Directors, enhancing its leadership in secure, high-performance networking for critical infrastructure and intelligent transportation systems [1][5] - Dr. Ransom brings nearly five decades of experience in networking and communications technology, having held significant roles at Bell Labs, BellSouth, and Alcatel, and has a strong background in R&D investments and M&A strategy [2][3] - His expertise in optical networking, mobile edge computing, and broadband access solutions aligns with Actelis' focus on cybersecurity-driven networking [3] Company Developments - The appointment of Dr. Ransom follows the retirement of Joseph (Yossi) Moscovitz from the Actelis Board, effective February 1, 2025, with the company expressing gratitude for Moscovitz's contributions [4] - Dr. Ransom's strategic vision and knowledge in communications and network security are expected to be instrumental in strengthening Actelis' position in cyber-hardened hybrid-fiber networking solutions [5] - Actelis Networks is recognized as a market leader in hybrid fiber-copper, cyber-hardened networking solutions, catering to various sectors including government, military, and telecom [6]

Company Overview - Actelis Networks Inc 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 [5] - The company's innovative portfolio offers fiber-grade performance with the flexibility and cost-efficiency of hybrid fiber-copper networks [5] - Actelis provides AI-based cyber monitoring and protection for all edge devices through its "Cyber Aware Networking" initiative, enhancing network security and resilience [5] Recent Developments - Actelis secured a renewal of services order of a 6-figure US Dollar value from Kenton Group to provide continued support services for hybrid networking systems supplied to UK transport authorities [1] - The ongoing support is part of the modernization of the National Roads Telecommunications Service (NRTS), a vital digital infrastructure supporting England's Strategic Road Network (SRN) [2] - The NRTS connects over 36,000 services, enabling real-time monitoring and advanced traffic management [2] - Actelis' hybrid fiber solutions deliver cost-effective, fiber-grade connectivity by leveraging existing infrastructure to support smart road technologies such as Vehicle-to-Everything (V2X) and automated systems [2] Strategic Positioning - The company is well-positioned to play a key role in future digital upgrades across the UK's transportation network [1] - Actelis' hybrid fiber-copper solutions provide a unique advantage in the anticipated NRTS-3 phase, enabling secure, high-speed connectivity over existing infrastructure without the need for extensive new deployments [3] - The company sees the recent order as a precursor to significant opportunities as the UK prepares for the anticipated next phase of the NRTS upgrade [3] Global Expansion - Actelis has recently secured high-profile orders from Washington D C Department of Transportation (DDOT) and the City of Seattle [4] - These deployments highlight Actelis' growing global footprint and its ability to support critical infrastructure modernization efforts across key markets [4]

Event Participation - Actelis Networks, Inc will participate in The Microcap Conference 2025, a premier event for growth-focused companies and investors, taking place from January 28-30, 2025, at the Borgata Hotel Spa & Casino in Atlantic City, NJ [4] - Yoav Efron, Actelis' Deputy CEO and CFO, will present at the conference on January 29, 2025, at 4:00 PM EST and conduct in-person one-on-one meetings with qualified members of the investment community [1] Company Overview - Actelis Networks, Inc 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 [6] - The company's innovative portfolio offers fiber-grade performance with the flexibility and cost-efficiency of hybrid fiber-copper networks [6] - Through its "Cyber Aware Networking" initiative, Actelis provides AI-based cyber monitoring and protection for all edge devices, enhancing network security and resilience [6] Conference Details - The Microcap Conference is the largest independent microcap event in the US, bringing together top-tier investors and executives from microcap companies [2] - The event offers a platform for companies to showcase their value propositions through presentations, one-on-one meetings, and networking opportunities [2] - Hosted by DealFlow Events, The Microcap Conference is renowned for its blend of high-quality content, engaging networking, and exceptional entertainment [2]

Core Insights - The official launch of MetaShield represents a significant advancement for Actelis Networks, aimed at addressing the increasing sophistication of threats to critical infrastructure [1][3] - MetaShield integrates robust cybersecurity with hybrid-fiber networking technology, enhancing the protection of IoT operations for critical infrastructure customers [1][6] - The launch is part of Actelis' strategy to expand its portfolio and establish a strong SaaS business model, which is expected to deliver enhanced value and differentiate its networking solutions [3][12] Product Features - MetaShield enables rapid deployment without extensive infrastructure changes, crucial for sectors like government, defense, transportation, and utilities [6] - The product includes advanced features such as real-time anomaly detection, AI-driven threat mitigation, and automated network responses, ensuring continuous operation under challenging conditions [6][7] - It provides proactive cybersecurity and operational continuity management, safeguarding networks against operational failures and sophisticated cyber threats, particularly at vulnerable network edges [7][8] Market Position - Actelis Networks is recognized as a market leader in hybrid fiber-copper, cyber-hardened networking solutions for IoT applications across various sectors [8] - The company has received strong industry feedback during the pre-launch phase of MetaShield, indicating positive market reception and potential for growth [12] - The introduction of MetaShield is expected to create additional recurring revenue streams with healthy margins through its SaaS offering, further solidifying Actelis' leadership in secure networking [12]

Core Viewpoint - Actelis Networks has officially launched MetaShield, a Cyber Aware Networking product aimed at enhancing its portfolio and establishing a robust SaaS business model, thereby delivering increased value to customers and differentiating its networking solutions [1][3]. Product Features - MetaShield integrates with existing Actelis products, allowing for rapid deployment without extensive infrastructure changes, which is crucial for sectors like government, defense, transportation, and utilities [2]. - The product includes advanced features such as real-time anomaly detection, AI-driven threat mitigation, and automated network responses, ensuring continuous operation under challenging conditions [2][8]. Strategic Importance - The launch of MetaShield is a significant milestone in Actelis' strategy to enhance its networking portfolio with AI-based cybersecurity, protecting edge devices from within the network [3][9]. - The company has received strong industry feedback during the pre-launch phase and plans to expand sales activities to bring this innovative solution to market [3]. Market Positioning - MetaShield is designed to meet the increasing demand for integrated cybersecurity and operational continuity management within IoT and critical infrastructure networks, providing deep continuous monitoring and real-time protection [8]. - The product aims to safeguard networks against operational failures and sophisticated cyber threats, particularly at the vulnerable edge of the network [8][10]. Company Vision - The launch of MetaShield reflects Actelis' commitment to innovation and sets the stage for future growth, enhancing customer value while contributing to the long-term vision of establishing a strong SaaS business model [9].

Core Insights - Actelis Networks, Inc. has received new orders from the Washington DC Department of Transportation (DDOT) to enhance its network connectivity infrastructure, following a previous order worth approximately $2.3 million announced in May 2024 [1][4] - The collaboration with M.C. Dean, a key integrator for DDOT, focuses on advanced cyber-physical systems for critical infrastructure [2] - Washington DC is identified as one of the most congested cities in the U.S., necessitating innovative traffic management solutions [3] Company Overview - Actelis is a leader in hybrid fiber-copper networking solutions, providing rapid deployment capabilities for IoT applications across various sectors including government and transportation [5] - The company's technology allows for the transformation of legacy wiring into Gigabit-capable infrastructure, supporting high-demand applications like traffic monitoring systems [4][5] - Actelis' "Cyber Aware Networking" initiative enhances network security through AI-based monitoring and protection for edge devices [5] Industry Context - The traffic congestion in Washington DC is attributed to high population density and significant visitor traffic, highlighting the need for effective traffic management systems [3] - Actelis' solutions are positioned as a cost-effective alternative for cities looking to modernize their traffic management infrastructure without the need for extensive new cabling [4][5]

FREMONT, Calif., Nov. 14, 2024 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ: ASNS) ("Actelis" or the "Company"), a market leader in cyber-hardened, rapid deployment networking solutions for wide area IoT applications, today reported financial results for the fiscal third quarter ended September 30, 2024. Financial Highlights for the Third Quarter and nine months ending September 30: Robust Revenue Growth, Surpassing Full-Year 2023 in Nine Months: Revenue reached $2.54 million in Q3 2024, a 200% year-o ...