Trooperstocks
2 weeks ago
$ASNS Form 8-K ACTELIS NETWORKS INC For: Nov 11
As previously disclosed, on May 23, 2024, Actelis Networks, Inc. (the “Company”) announced that it had entered into a binding term sheet (as amended, the “Term Sheet”) with Quality Industrial Corp, a Nevada corporation traded on the OTC under the symbol QIND (“Target”), and Ilustrato Pictures International Inc., a Nevada corporation (“Seller”, and, together with the Company and Target, the “Parties”), providing for the potential acquisition of between 61% to 75% of the issued and outstanding shares of the Target’s share capital.
As previously disclosed, on October 10, 2024, consistent with the termination provision in the Term Sheet, the Company invoked its right and provided the Target the requisite 30-day notice of the Company’s intention to terminate the Term Sheet.
On November 11, 2024, the Company notified the Target that the 30-day notice period had expired, and the Term Sheet is now terminated.
subslover
4 weeks ago
Actelis Networks Announces New Order from Major German Municipality for Modernization of Secure Critical Infrastructure IoT Network
With this follow-on order, Actelis continues to expand its role in the global IoT network modernization landscape, building on recent success across highways, utilities, airports, and military verticals
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) 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,
subslover
1 month ago
Actelis Networks Announces Follow-On Order from U.S. Department of Transportation Agency Expanding Footprint to New Regions
Follow-on order builds on Actelis’ previously announced significant contract with the same aerial transportation agency, expanding the network into new regions and underscoring growing confidence in Actelis’ secure and flexible networking solutions
FREMONT, Calif., Oct. 15, 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 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.”
Trooperstocks
2 months ago
News: Actelis Networks Receives $200,000 Order to Provide Fast Upgrade and Modernization to US Army National Guard Base Network
Actelis Networks, Inc.-Thu, September 26, 2024 at 8:30 AM
In This Article: ASNS
Actelis’ cyber-hardened hybrid-fiber networking technology continues to gain momentum in the federal government and military sector, following a number of recently announced orders
FREMONT, Calif., Sept. 26, 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 $200,000 order from the United States Department of Military Affairs to supply a US Army National Guard base with its cyber-hardened hybrid-fiber networking solution. Actelis continues to build on its momentum in the federal government sector, having just recently announced a significant order from a US Department of Aerial Transportation agency. This follows a $150,000 order in July from a tier-1 military contractor to deliver the company’s advanced GigaLine 800 solution to US military bases.
Actelis was chosen for its ability to instantly deliver significantly higher bandwidth compared to the base’s legacy system, without requiring any upgrades to the existing physical cabling. By opting for Actelis' hybrid-fiber networking solution, the base network can achieve the necessary bandwidth immediately, saving substantial time and costs on engineering and construction. Actelis’ cyber-hardened solution is uniquely positioned as the only solution of its kind listed on the Department of Defense’s Approved Products List (APL), having earned both JITC and NIST certifications for FIPS compliance. This distinction gives government agencies confidence that their networks are safeguarded by a solution rigorously tested to meet the highest cybersecurity standards protected against cyber vulnerabilities.
“Military bases are increasingly recognizing the immediate value we provide by leveraging their existing network infrastructure,” said Tuvia Barlev, Chairman and CEO of Actelis. “Bases can achieve fiber-grade connectivity for their current operations very fast, while also future-proofing their systems to accommodate additional devices and technologies—without the constraints of outdated bandwidth limitations.”
The National Guard base this order relates to supports hundreds of state and government employees, as well as housing for thousands of Army personnel. To ensure seamless and efficient on-base operations, the base required a significant network upgrade. Military facilities depend on high-speed, reliable communications for critical applications such as internet services, Voice over IP (VoIP) systems, access control, surveillance, and HVAC monitoring. With the existing network unable to meet growing bandwidth demands, the base turned to Actelis for a robust, future-ready solution.
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.
Trooperstocks
3 months ago
Great news out! $ASNS +4.26% Actelis' solution will enable secure and fiber-grade ITS connectivity to be installed overnight and at a fraction of the cost for a densely populated municipality in the New York metropolitan area
Actelis Receives New Order for Intelligent Traffic System (ITS) Networking in New York City Metro Area
Actelis Networks, Inc.
Actelis' solution will enable secure and fiber-grade ITS connectivity to be installed overnight and at a fraction of the cost for a densely populated municipality in the New York metropolitan area
FREMONT, Calif., Aug. 27, 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 new order for a densely populated municipality located in the New York City metropolitan area. As part of the order, Actelis will provide a hybrid-fiber networking solution that will enable fiber-grade connectivity overnight for the municipality’s traffic management system, through Netceed, Actelis’ partner.
“In the intelligent transportation market, data collection and analysis are crucial for optimizing traffic flow and safety,” said Tuvia Barlev, Chairman and CEO of Actelis. “Our technology not only empowers cities to rapidly expand their IoT infrastructure for real-time data capture but also provides the flexibility to make remote adjustments, enhancing operational efficiency and responsiveness. Recognizing that many traffic networks have a mix of fiber and copper/coax, we designed our solution to manage connectivity and cyber harden any wired medium, expediting and simplifying deployment, while reducing costs for cities as they adapt to changing ITS needs.”
Heavily congested areas like the New York City metro area require strong traffic management to ensure smooth traffic flow and high levels of safety. The municipality incorporates a combination of technologies in their traffic management system including red light cameras and the utilization of signal timing and adaptive control to help achieve its goals. Actelis' hybrid-fiber devices, strategically placed at key intersections, enable robust network connectivity and secure data transmission to the city’s traffic operations center. This setup allows real-time monitoring and adaptive adjustments to traffic conditions, demonstrating the transformative impact of Actelis' technology on urban traffic management.
A key advantage of Actelis' solution is its ability to seamlessly provide fiber-grade connectivity over any combination of existing copper/coax and newer fiber networks. By elevating copper/coax connectivity to fiber-grade performance, Actelis enables cities to leverage their existing infrastructure for immediate, secure and cost-effective implementation.
Earlier this year, Actelis and Netceed announced a partnership that would greatly expand Netceed’s connectivity offering to the intelligent transportation industry and other IoT markets, where it currently supplies a wide range of products including traffic signal hardware, enclosures, and cabling products. This new order represents a significant milestone, showcasing the vast potential of the partnership with Netceed by addressing the critical needs of city-wide traffic management systems.
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 & Communications
srenn@actelis.com
Investor Contact:
ARX | Capital Markets Advisors
North American Equities Desk
actelis@arxadvisory.com
subslover
3 months ago
Actelis Receives New Order for Intelligent Traffic System (ITS) Networking in New York City Metro Area
Actelis' solution will enable secure and fiber-grade ITS connectivity to be installed overnight and at a fraction of the cost for a densely populated municipality in the New York metropolitan area
FREMONT, Calif., Aug. 27, 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 new order for a densely populated municipality located in the New York City metropolitan area. As part of the order, Actelis will provide a hybrid-fiber networking solution that will enable fiber-grade connectivity overnight for the municipality’s traffic management system, through Netceed, Actelis’ partner.
“In the intelligent transportation market, data collection and analysis are crucial for optimizing traffic flow and safety,” said Tuvia Barlev, Chairman and CEO of Actelis. “Our technology not only empowers cities to rapidly expand their IoT infrastructure for real-time data capture but also provides the flexibility to make remote adjustments, enhancing operational efficiency and responsiveness. Recognizing that many traffic networks have a mix of fiber and copper/coax, we designed our solution to manage connectivity and cyber harden any wired medium, expediting and simplifying deployment, while reducing costs for cities as they adapt to changing ITS needs.”
Heavily congested areas like the New York City metro area require strong traffic management to ensure smooth traffic flow and high levels of safety. The municipality incorporates a combination of technologies in their traffic management system including red light cameras and the utilization of signal timing and adaptive control to help achieve its goals. Actelis' hybrid-fiber devices, strategically placed at key intersections, enable robust network connectivity and secure data transmission to the city’s traffic operations center. This setup allows real-time monitoring and adaptive adjustments to traffic conditions, demonstrating the transformative impact of Actelis' technology on urban traffic management.
A key advantage of Actelis' solution is its ability to seamlessly provide fiber-grade connectivity over any combination of existing copper/coax and newer fiber networks. By elevating copper/coax connectivity to fiber-grade performance, Actelis enables cities to leverage their existing infrastructure for immediate, secure and cost-effective implementation.
Earlier this year, Actelis and Netceed announced a partnership that would greatly expand Netceed’s connectivity offering to the intelligent transportation industry and other IoT markets, where it currently supplies a wide range of products including traffic signal hardware, enclosures, and cabling products. This new order represents a significant milestone, showcasing the vast potential of the partnership with Netceed by addressing the critical needs of city-wide traffic management systems.
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