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Actelis Networks Secures a Significant Order Ahead of Expected Next Phase of NRTS, Positioning the Company for Major Future Opportunities
Globenewswire· 2025-01-21 13:41
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]
Actelis Networks to Present at The Upcoming Microcap Conference In Atlantic City, NJ
Globenewswire· 2025-01-15 21:15
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]
Actelis Networks Announces Official Launch of MetaShield: Groundbreaking, AI-Based, Cybersecurity Solution to Drive SaaS Growth & Edge Infrastructure Resilience
Newsfilter· 2024-12-20 13:30
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]
Actelis Networks Announces Official Launch of MetaShield: Groundbreaking, AI-Based, Cybersecurity Solution to Drive SaaS Growth & Edge Infrastructure Resilience
Globenewswire· 2024-12-20 13:30
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].
Actelis Networks Receives Two Expansion Orders for Washington DC Department of Transportation in Collaboration with Multi-Billion Dollar Partner M.C. Dean
GlobeNewswire News Room· 2024-11-25 13:55
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]
Actelis Networks Reports Q3 2024 Results: 200% Quarterly Revenue Growth; 46% Year-to-Date Growth Reaching $6.7 Million
GlobeNewswire News Room· 2024-11-14 14:47
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 ...
Actelis(ASNS) - 2024 Q3 - Quarterly Results
2024-11-14 14:28
Exhibit 99.1 Actelis Networks Reports Q3 2024 Results: 200% Quarterly Revenue Growth; 46% Year-to-Date Growth Reaching $6.7 Million Strong revenue growth and a significant increase in gross margin from 34% to 58% for the nine months ending June 2024. Q3 2024 EBITDA loss narrowed to $0.2 million, reflecting ongoing momentum and successful cost reduction ef orts. FREMONT, Calif., November 14, 2024 — Actelis Networks, Inc. (NASDAQ: ASNS) ("Actelis" or the "Company"), a market leader in cyber-hardened, rapid de ...
Actelis(ASNS) - 2024 Q3 - Quarterly Report
2024-11-14 14:06
U. S. Securities and Exchange Commission Washington, D. C. 20549 Delaware 52-2160309 (State or other jurisdiction of incorporation or organization) (I.R.S. Employer I.D. No.) Title of each class Trading Symbol(s) Name of each exchange on which registered Common Stock, $0.0001 par value per share ASNS The Nasdaq Capital Market Large accelerated filer ☐ Accelerated filer ☐ Non-accelerated filer ☒ Smaller reporting company ☒ Emerging growth company ☒ FORM 10-Q ☒ QUARTERLY REPORT UNDER SECTION 13 OR 15(d) OF TH ...
November's Small-Cap Treasures: 3 Stocks Poised for Growth
MarketBeat· 2024-11-04 12:45
November is often a lucrative period for small-cap stock market investments. Historically, the S&P 500 and the small-cap-focused Russell 2000 have delivered strong returns during the November-April stretch. This year, the S&P 500 has maintained its upward trajectory since April, suggesting continued momentum. Historical data reveals that when the S&P 500 gains over 10% in the May-October period, it typically sees further gains in the following six months. This trend offers compelling evidence for investors ...
Actelis Networks Announces New Order from Major German Municipality for Modernization of Secure Critical Infrastructure IoT Network
GlobeNewswire News Room· 2024-10-28 12:30
FREMONT, Calif., Oct. 28, 2024 (GLOBE NEWSWIRE) -- 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 ...