Actelis Networks Receives $200,000 Order to Provide Fast Upgrade and Modernization to US Army National Guard Base Network
September 26 2024 - 8:30AM
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constraints of outdated bandwidth limitations.”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.
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
Advisors North American Equities Desk actelis@arxadvisory.com
Actelis Networks (NASDAQ:ASNS)
Historical Stock Chart
From Oct 2024 to Nov 2024
Actelis Networks (NASDAQ:ASNS)
Historical Stock Chart
From Nov 2023 to Nov 2024