Actelis’ GigaLine 900 Draws Strong Global Industry Interest as a Unique, Ultra Low-Power Solution for Instant Gigabit Services in MDUs
November 06 2024 - 9:00AM
Actelis Networks,
Inc.
(NASDAQ:ASNS) (“Actelis” or the
“Company”), a market leader in cyber-hardened, rapid deployment
hybrid networking, recently showcased its GigaLine 900 (GL900)
broadband solution at multiple industry events such as
WISPAPALOOZA, Broadband Communities West Summit, Connected Britain,
and Connected Germany, attracting much interest from providers,
integrators and building owners. This attention has underscored the
GL900’s potential as an ultra-low power, highly cost-effective
solution designed to deliver symmetrical Gigabit services, within
multi-dwelling units (MDUs), without the need to run new wires or
Fiber in the walls, setting it apart with its unique sub-5W power
consumption.
The GL900’s ultra-low power consumption, at less than 5W,
enables broadband providers to meet the needs of millions of
residents in MDUs efficiently and sustainably. With 23 million
apartment buildings in the U.S. alone, this scalable solution is
positioned to provide fiber-grade connectivity without the high
costs and logistical challenges of rewiring—a critical feature in
closing the digital divide for American families. By leveraging
existing copper or coax wiring, the GL900 offers flexible,
fiber-grade performance that can adapt to varying building sizes,
providing service to numerous apartments per unit and reducing both
deployment time and energy consumption.
“We’re thrilled with the market’s reception to our GL900,” said
Tuvia Barlev, Chairman and CEO of Actelis. “Visitors to our booths
recognized the GL900’s ability to address the industry's need for
scalable, low-cost, and sustainable broadband solutions for MDUs, a
key market we are well-positioned to serve. We have already
received initial customer orders and multiple trials are
underway.”
Actelis’ unique technology allows wireless operators, such as
those attending WISPAPALOOZA, to extend connectivity from rooftop
access points directly into individual apartments, enhancing
last-mile delivery in complex building infrastructures. With
approximately 23 million apartment buildings in the United States,
the majority of which were built before the year 2000, the GL900’s
rapid deployment capability, achieving Gigabit performance in less
than an hour, meets the critical need for efficient broadband
solutions in this significant segment. This solution aligns with
current infrastructure initiatives like the $42 billion BEAD
program, enabling broadband providers to maximize government
funding by expanding access quickly and affordably.
“Across these shows, we’ve heard consistently that the GL900
fills a crucial gap, but awareness of Actelis and our unique
capabilities is essential for broader adoption,” added Bret
Harrison, SVP Sales America at Actelis. “With the GL900, operators
can easily and efficiently bridge the connectivity gap, even in
challenging MDU environments.”
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 StatementsThis 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 RennGlobal VP Marketing
& Communicationssrenn@actelis.com
Investor Contact:ARX | Capital Markets
AdvisorsNorth American Equities Deskactelis@arxadvisory.com
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