Latest news with #Actelis
Yahoo
21-05-2025
- Business
- Yahoo
Actelis Networks Receives $100K Follow-On Order from Major Mid-Atlantic US County for Continued Traffic Management System Modernization
Follow-On Order Underscores Strong Customer Satisfaction and Proven Performance in High-Stakes Intelligent Transportation Applications FREMONT, Calif, May 21, 2025 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ:ASNS) ("Actelis" or the "Company"), a market leader in cyber-hardened, rapid deployment networking solutions for IoT and broadband applications, today announced that it has received a $102,000 follow-on order from a major Mid-Atlantic US county to further enhance and expand its Advanced Transportation Management System (ATMS) operations. This new order builds upon the $260,000 project announced in July 2024 and reinforces Actelis' growing position as a trusted provider of critical networking infrastructure for intelligent transportation systems nationwide. "This follow-on order demonstrates the ongoing confidence major transportation authorities place in Actelis' solutions," said Tuvia Barlev, Chairman and CEO of Actelis. "As counties and cities continue to modernize their traffic management capabilities, they increasingly recognize the value of our hybrid-fiber technology in delivering immediate, secure connectivity while maximizing existing infrastructure investments. We're proud to support this county's vision for safer, more efficient transportation systems." The order is specifically targeted at supporting the county's Transportation Systems Technical operations, providing secure, high-performance connectivity that powers a range of critical smart transportation applications. These include automated traffic signal control, real-time intersection monitoring, advanced safety and surveillance systems, and intelligent traffic flow management—all essential components of next-generation transportation infrastructure. The county will leverage Actelis' hybrid-fiber technology to rapidly extend its digital capabilities across its extensive network of roadways and intersections, enabling data-driven strategies that enhance safety, reduce congestion, and improve overall transportation efficiency. Actelis' cyber-hardened networking solutions provide significant advantages for this mission-critical infrastructure, including: Rapid deployment that reduces modernization timelines from months to days Seamless integration with traffic controllers, cameras, and sensor networks Substantial cost savings through utilization of existing infrastructure Military-grade security features protecting vulnerable transportation systems Seamless integration with traffic controllers, cameras, and sensor networks Reliable performance in challenging outdoor environments This latest order continues Actelis' momentum in the intelligent transportation systems market, following recent deployments in cities including Seattle, Orange County, Eugene, as well as a recently announced railway modernization project in Northern Ireland and other implementations across Europe and Asia. These global deployments highlight Actelis' growing recognition as a leading provider of secure, high-performance networking solutions for critical infrastructure applications 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 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 ARX | Capital Markets Advisors North American Equities Desk actelis@
Yahoo
13-05-2025
- Business
- Yahoo
Actelis Networks Reports First Quarter 2025 Financial Results With Stable Revenues Alongside Increased Global Partners Coverage And Operational Efficiency
Strategic focus on growing deal pipeline and high-margin wins drive gross margin expansion to 35% while maintaining stable revenues and disciplined cost management across growing global customer base FREMONT, Calif., May 13, 2025 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ: ASNS) ("Actelis" or the "Company"), a market leader in cyber-hardened, rapid deployment networking solutions for IoT and broadband applications, today reported financial results for the first quarter ended March 31, 2025. "Our first quarter results are driven by both the continued execution of our focus on growing our pipeline for the remainder of the year, particularly in Federal, Military, our Multi-Dwelling Units business and in Intelligent Transportation, as well as on delivering improved margins and operational efficiency while working on the expansion of our presence in those key markets," said Tuvia Barlev, Chairman and CEO of Actelis. "We're particularly encouraged by our growing global footprint with this quarter seeing new orders from across the Nordic region, Hungary as well as others from the US, UK and Japan. These new orders validate the value proposition of our cyber-hardened, rapid deployment networking solutions and solidifies new business relationships we have established with major partners, integrators and distributors operating globally in NA, Europe, and Japan. Our ability to provide immediate fiber-grade connectivity over existing infrastructure, combined with our industry-leading security capabilities, continues to resonate strongly with customers seeking rapid, cost-effective solutions, enabling modernization and security for mission critical operations. We are properly focused on our growth areas and are geared towards an exciting year ahead." First Quarter 2025 Financial Highlights: Stable Revenues: Revenues were flat vs. the first three months ending March 31, 2024 at $0.72 million. Typically a lighter quarter seasonally, driven by the focus on growing the pipeline in advance of the remainder of the year. Better Gross Margin: Gross margin improved to 35% for the first quarter ended March 31, 2025, compared to 30% for the first quarter ended March 31, 2024, reflecting higher gross margin across Federal and Military, higher US regional revenue weight, while maintaining operating cost discipline. Operating expenses: 2.06 million for the three months ended March 31, 2025, 1.5% lower than $2.09 million for the three months ended March 31, 2024, reflecting the consistent efforts to reduce expenses. Reduced Operating Loss: Operating loss improved to $1.81 million for the first quarter ended March 31, 2025, compared to $1.87 million in the year-ago period or a 3% improvement, driven by enhanced gross margins and continued expense control measures. Strengthened Balance Sheet: The Company successfully improved its capital position during the quarter, bolstering shareholders' equity to $2.61 million, maintaining compliance with Nasdaq listing requirements. Improved Net Loss Per Share: Net loss per share decreased to $(0.22) for the first quarter ended March 31, 2025, compared to $(0.50) in the year-ago period, a 56% improvement. Recent Business and Operational Highlights: Continued focus on our three main business areas of Federal and Military, Multi-Dwelling Units (MDU) and Intelligent Transportation Systems (ITS). Attention is particularly given to growing the pipeline in advance of the remainder of the year. Global partners signed-up: Engaged with multi-billion Dollar partners - one global reseller and distributor, one multi-national pan European integrator and one Asian based multi-national large manufacturer and distributor to the transportation industry, generating opportunities for our ITS markets. Progressed in resource strengthening: In our target verticals' sales and marketing, as well as in executing our off-shore, outsource strategy for better and lower cost operations, impacting R&D and G&A. Military wins: Received new orders to deliver advanced GigaLine 800 (GL800) networking solution to help multi-billion dollar federal contractor modernize and cyber-harden military bases' operations for barracks, information centers, and other base-wide installations. Nordic Municipal Expansion: Secured a new order to help modernize the communications infrastructure for a major city in the Nordic region, the second largest city in a prominent Nordic country with over 300,000 residents. Hungarian Utility Project: Received a follow-on order from a Hungarian utility provider to support the continued modernization of its communications network, building upon the Company's previously announced engagement. Japanese Market Growth: Received a new order to supply advanced networking technology to support critical infrastructure modernization in Japan through a leading Japanese distributor and developer of communications equipment. Continued Military veteran consulting helps attract significant attention and build pipeline of opportunities in various DoD arms, particularly in the Air-Force Pan-European sales presence expanding: MDU, ITS large pipeline opportunities progressing with agents deployed in various countries (Italy, Germany, France, UK, Finland, Italy and Poland) Multi Dwelling Unit products completing successful trials and starting initial deployments with multiple carriers, ISP, and developers in multiple countries. Yoav Efron, Deputy CEO and CFO of Actelis remarked: "We continue to strengthen our financial position through disciplined cost and expense management and strategic capital deployment. Our efforts to optimize operations are yielding results as seen in our improved margins and reduced expenses while effectively doing more in the market. We significantly decreased interest expenses as a result of becoming nearly debt free. We continue to focus on growing our recurring revenues and driving further margin expansion through our software and services as well as more profitable verticals' focus.' Fiscal First Quarter 2025 Financial Results: Revenues for the three months ended March 31, 2025, amounted to $721,000, compared to $726,000 for the three months ended March 31, 2024. The slight decrease was primarily due to a 31% decline in revenues from the Europe, Middle East, and Africa (EMEA) region. This was partially offset by a 23% increase in revenues from North America and growth in market size within the Asia-Pacific region. Cost of revenues for the three months ended March 31, 2025, amounted to $470,000 compared to $506,000 for the three months ended March 31, 2024. The decrease was primarily attributable to the change in regional mix of revenue with an increase in North America revenues, which are more profitable, and a decrease in Europe, Middle East and Africa revenues which are less profitable. Gross profit for the three months ended March 31, 2025, amounted to $251,000 or 35% of revenue, compared to $220,000, or 30% of revenue for the three months ended March 31, 2024. The increase was primarily due to improved regional revenue mix and efficient cost management. Research and development expenses for the three months ended March 31, 2025, amounted to $681,000 compared to $647,000 for the three months ended March 31, 2024. The increase was primarily driven by a rise in the utilization of professional services. Sales and marketing expenses for the three months ended March 31, 2025, amounted to $666,000 compared to $627,000 for the three months ended March 31, 2024. The increase was primarily by engaging consultants in the different regions. General and administrative expenses for the three months ended March 31, 2025, amounted to $716,000 compared to $817,000 for the three months ended March 31, 2024. The decrease was mainly due to cost reduction measures taken. Operating loss for the three months ended March 31, 2025, was $1.81 million, compared to an operating loss of $1.87 million for the three months ended March 31, 2024. Financial expenses and interest expenses for the three months ended March 31, 2025, were $48,000 (including $34,000 interest expenses) compared to $115,000 (including $207,000 interest expenses) for the three months ended March 31, 2024. The decrease is mainly due to repayment of loans, reducing interest expense and other bank-related charges. Net loss for the three months ended March 31, 2025, was $1.86 million, compared to net loss of $1.99 million for the three months ended March 31, 2024. Adjusted EBITDA loss, a non-GAAP measurement of operating performance (reconciled below to Net Loss), for the three months ended March 31, 2025, was $1.69 million, compared to $1.79 million in the comparable year-ago period. About Actelis Networks, 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 Use of Non-GAAP Financial InformationNon-GAAP Adjusted EBITDA, and backlog of open orders are non-GAAP financial measures. In addition to reporting financial results in accordance with GAAP, we provide non-GAAP operating results adjusted for certain items, including: financial expenses, which are interest, financial instrument fair value adjustments, exchange rate differences of assets and liabilities, stock based compensation expenses, depreciation and amortization expense, tax expense, and impact of development expenses ahead of product launch. We adjust for the items listed above and show non-GAAP financial measures in all periods presented, unless the impact is clearly immaterial to our financial statements. This press release contains 'forward-looking statements' within the meaning of the Private Securities Litigation Reform Act of 1995 and other securities laws. Words such as 'expects,' 'anticipates,' 'intends,' 'plans,' 'believes,' 'seeks,' 'estimates' and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management's current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management's expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company's filings with the Securities and Exchange Commission (SEC), including the Company's Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC's web site at Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Actelis is not responsible for the contents of third-party websites. ContactARX | Capital Markets AdvisorsNorth American Equities Deskactelis@ Tables to Follow-ACTELIS NETWORKS, CONSOLIDATED BALANCE SHEETS(U. S. dollars in thousands except for share and per share amounts) March 31, 2025 December 31, 2024 Assets CURRENT ASSETS: Cash and cash equivalents 1,122 1,967 Restricted cash equivalents 302 300 Trade receivables, net of allowance for credit losses of $168 as of March 31, 2025, and December 31, 2024. 1,234 1,616 Inventories 2,508 2,436 Prepaid expenses and other current assets, net of allowance for doubtful debts of $181 as of March 31, 2025, and December 31, 2024. 681 584 TOTAL CURRENT ASSETS 5,847 6,903 NON-CURRENT ASSETS: Property and equipment, net 35 38 Prepaid expenses and other 538 492 Restricted bank deposits 91 91 Severance pay fund 201 205 Operating lease right of use assets 310 410 Long-term deposits 85 86 TOTAL NON-CURRENT ASSETS 1,260 1,322 TOTAL ASSETS 7,107 8,225 F-3 ACTELIS NETWORKS, CONSOLIDATED BALANCE SHEETS (continued)UNAUDITED(U. S. dollars in thousands) March 31, 2025 December 31, 2024 Liabilities, Mezzanine Equity and shareholders' equity CURRENT LIABILITIES: Credit line 444 774 Short-term loans 75 - Trade payables 903 982 Deferred revenues 281 246 Employee and employee-related obligations 738 688 Accrued royalties 520 673 Current maturities of operating lease liabilities 298 415 Other current liabilities 481 805 TOTAL CURRENT LIABILITIES 3,740 4,583 NON-CURRENT LIABILITIES: Long-term loan 150 150 Deferred revenues 69 92 Accrued severance 226 229 Other long-term liabilities 116 186 TOTAL NON-CURRENT LIABILITIES 561 657 TOTAL LIABILITIES 4,301 5,240 COMMITMENTS AND CONTINGENCIES (Note 5) MEZZANINE EQUITY Redeemable convertible preferred stock - $0.0001 par value, 10,000,000 authorized as of March 31, 2025 and December 31, 2024. None issued and outstanding as of March 31, 2025 and December 31, 2024. - - WARRANTS TO PLACEMENT AGENT 228 228 SHAREHOLDERS' EQUITY: Common stock, $0.0001 par value: 30,000,000 shares authorized: 9,019,758 and 7,623,159 shares issued and outstanding as of March 31, 2025 and December 31, 2024, respectively. 1 1 Non-voting common stock, $0.0001 par value: 2,803,774 shares authorized as of March 31, 2025, and December 31, 2024, None issued and outstanding as of March 31, 2025 and December 31, 2024. - - Additional paid-in capital 48,499 46,818 Accumulated deficit (45,922 ) (44,062 ) TOTAL SHAREHOLDERS' EQUITY 2,578 2,757 TOTAL LIABILITIES, MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY 7,107 8,225 The accompanying notes are an integral part of these condensed consolidated financial statements (Unaudited). F-4 ACTELIS NETWORKS, CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS(UNAUDITED)(U. S. dollars in thousands) Three months endedMarch 31, 2025 2024 REVENUES 721 726 COST OF REVENUES 470 506 GROSS PROFIT 251 220 OPERATING EXPENSES: Research and development expenses 681 647 Sales and marketing expenses 666 627 General and administrative expenses 716 817 TOTAL OPERATING EXPENSES 2,063 2,091 OPERATING LOSS (1,812 ) (1,871 ) Interest expense (34 ) (207 ) Other Financial income (expense), net (14 ) 92 NET COMPREHENSIVE LOSS FOR THE PERIOD (1,860 ) (1,986 ) Net loss per share attributable to common shareholders – basic and diluted $ (0.22 ) $ (0.50 ) Weighted average number of common stocks used in computing net loss per share – basic and diluted 8,520,110 3,978,828 The accompanying notes are an integral part of these condensed consolidated financial statements (Unaudited). F-5 ACTELIS NETWORKS, CONSOLIDATED STATEMENTS OF MEZZANINE EQUITY AND SHAREHOLDERS' EQUITY(UNAUDITED)U.S. dollars in thousands (except number of shares) RedeemableConvertiblePreferred Stock WarrantsToPlacement Agent Common Stock Non-votingCommon Stock Additional Total Three months ended Amount Amount Number of shares Amount Numberof shares Amount paid-incapital Accumulateddeficit shareholders'equity BALANCE AS OF JANUARY 1, 2024 - 159 3,007,745 1 - - 39,916 (39,688 ) 229 Share based compensation - - - - - - 89 - 89 Vesting of RSUs - - 2,499 * - - (* ) - - Net comprehensive loss for the period - - - - - - - (1,986 ) (1,986 ) BALANCE AS OF MARCH 31, 2024 - 159 3,010,244 1 - - 40,005 (41,674 ) (1,668 ) BALANCE AS OF JANUARY 1, 2025 - 228 7,623,159 1 - - 46,818 (44,062 ) 2,757 Share based compensation - - - - - - 79 - 79 Vesting of RSUs - - 1,665 * - - (*) - - Issuance of common stock, net of offering costs - - 1,394,934 * - - 1,580 1,580 Warrants to lender - - - - - - 22 - 22 Net comprehensive loss for the period - - - - - - - (1,860 ) (1,860 ) BALANCE AS OF March 31, 2025 - 228 9,019,758 1 - - 48,499 (45,922 ) 2,578 * Represents an amount less than $1 thousand. The accompanying notes are an integral part of these condensed consolidated financial statements (Unaudited) F-6 ACTELIS NETWORKS, CONSOLIDATED STATEMENTS OF CASH FLOWS(UNAUDITED) Three months endedMarch 31, 2025 2024 U.S. dollars in thousands CASH FLOWS FROM OPERATING ACTIVITIES: Net loss for the period (1,860 ) (1,986 ) Adjustments to reconcile net loss to net cash used in operating activities: Depreciation 6 4 Inventories write-downs 5 - Financial expenses (income) 15 (131 ) Share-based compensation 79 89 Financial income from short and long term bank deposit - (1 ) Changes in operating assets and liabilities: Trade receivables 382 131 Net change in operating lease assets and liabilities (22 ) 6 Inventories (76 ) (83 ) Prepaid expenses and other current assets (94 ) 91 Trade payables (128 ) 490 Deferred revenues 11 (87 ) Advances from reseller - 1,143 Other current liabilities (488 ) 131 Other long-term liabilities (4 ) - Net cash used in operating activities (2,174 ) (203 ) CASH FLOWS FROM INVESTING ACTIVITIES: Short term deposits 1 - Purchase of property and equipment - (1 ) Net cash provided by (used in) investing activities 1 (1 ) CASH FLOWS FROM FINANCING ACTIVITIES: Proceeds from issuance common stock 1,750 - Offering cost from issuance of common stock (170 ) - Credit lines with bank, net (324 ) 574 Proceeds from short term loans 75 - Early repayment of long term loan - (545 ) Repayment of long-term loan - (193 ) Net cash provided by (used in) financing activities 1,331 (164 ) EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS (1 ) (2 ) DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS (843 ) (370 ) BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD 2,267 5,515 BALANCE OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 1,424 5,145 The accompanying notes are an integral part of these condensed consolidated financial statements (Unaudited). F-7 ACTELIS NETWORKS, CONSOLIDATED STATEMENTS OF CASH FLOWS (continued)(UNAUDITED) March 31 2025 2024 U.S. dollars in thousands RECONCILIATION OF CASH, CASH EQUIVALENTS AND RESTRICTED CASH: Cash and cash equivalents 1,122 1,211 Restricted cash equivalents, current 302 1,392 Restricted cash and cash equivalents, non-current - 2,542 Total cash, cash equivalents and restricted cash 1,424 5,145 Three months endedMarch 31, 2025 2024 U.S. dollars in thousands SUPPLEMENTARY DISCLOSURE OF CASH FLOW INFORMATION: Cash paid for interest 167 273 SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS: Warrant to lender 22 - Other non-current assets 50 - The accompanying notes are an integral part of these condensed consolidated financial statements (Unaudited). F-8 Three monthsEndedMarch 31,2025 Three monthsEndedMarch 31,2024 Revenues $ 721 $ 726 GAAP net loss (1,860 ) (1,986 ) Interest Expense $ 34 $ 207 Other financial (income) expenses, net 14 (92 ) Tax Expense 32 17 Fixed asset depreciation expense 6 4 Stock based compensation 79 89 Research and development, capitalization - - Other one time costs and expenses - (26 ) Non-GAAP Adjusted EBITDA (1,695 ) $ (1,787 ) GAAP net loss margin (257.97 )% (273.55 )% Adjusted EBITDA margin (235.09 )% (246.14 )%
Associated Press
29-04-2025
- Business
- Associated Press
Actelis Networks Receives New Order for Critical Infrastructure Modernization in Japan
FREMONT, Calif., April 29, 2025 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ: ASNS) ('Actelis' or the 'Company'), a market leader in cyber-hardened, rapid deployment networking solutions for IoT and broadband applications, today announced it has received a new order to supply its advanced networking technology to support critical infrastructure modernization in Japan. The order, placed through an industry leading distributor and developer of communications and networking equipment in Japan, will help enable secure connectivity for infrastructure applications. Actelis' cyber-hardened networking solutions provide the high-speed, secure connectivity required for modern infrastructure operations in environments including transportation systems, utilities, and defense networks. 'This order represents another step in our ongoing business in the Japanese market,' said Tuvia Barlev, Chairman and CEO of Actelis. 'Japan continues to be a strategic region for Actelis as we provide secure connectivity solutions that can be deployed rapidly over existing infrastructure, saving both time and cost for network operators.' This new order builds on Actelis' established presence in Japan, where the Company has previously supplied its solutions for major highway and rail systems throughout the country. Actelis, in collaboration with a long-standing Japanese channel partner, continues to serve customers in the region. The Company's hybrid-fiber networking solutions allow organizations to achieve fiber-grade performance while leveraging existing wiring infrastructure, significantly reducing deployment time and costs while enhancing security. 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 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. Contact: ARX | Capital Markets Advisors North American Equities Desk [email protected]
Yahoo
08-04-2025
- Automotive
- Yahoo
Actelis Networks Secures New Order to Modernize Orange County's Traffic Infrastructure
Advanced Cyber-Hardened Networking Technology to Enhance Critical Transportation Systems in California's Third Most Populous County FREMONT, Calif., April 08, 2025 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ: ASNS) ("Actelis" or the "Company"), a market leader in cyber-hardened, rapid deployment networking solutions for IoT and broadband applications, today announced it has secured a new order intended to modernize Orange County, California's intelligent transportation system (ITS) infrastructure. The order, which were placed through Actelis' long-standing partner Western Systems, will provide Orange County with Actelis' advanced networking technology that enable secure, high-speed connectivity for traffic management systems across the region. This deployment marks an important expansion of Actelis' footprint in California's transportation infrastructure, serving a county with over 3 million residents and one of the nation's most heavily trafficked transportation networks. "We're proud to be selected for this important project in Orange County, one of the nation's most dynamic and growing metropolitan areas," said Tuvia Barlev, Chairman and CEO of Actelis. "Our technology will help Orange County rapidly enhance its traffic management capabilities while providing the security and reliability essential for critical infrastructure operations." Actelis' hybrid-fiber networking solutions allow transportation authorities to achieve fiber-grade performance while leveraging existing infrastructure, significantly reducing deployment time and cost. The company's cyber-hardened technology is engineered to withstand harsh roadside environments while providing military-grade security protection against evolving threats to essential transportation networks. This latest order continues Actelis' momentum in the intelligent transportation systems market, following recent deployments in major cities including Washington D.C., Seattle, and Ventura County. The growing adoption of Actelis' technology by transportation authorities across the United States underscores the company's unique value proposition in enabling smart city initiatives and infrastructure modernization efforts. About Actelis Networks, 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 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. Contact:ARX | Capital Markets AdvisorsNorth American Equities Deskactelis@
Associated Press
18-03-2025
- Business
- Associated Press
Market News Alert: Actelis Networks Continues to Show Positive Commercial Traction with Recent Wins as Multi Billion Dollar Smart City Market Expected to Grow Massively
Market News Alerts Reports: Actelis Networks (NASDAQ: ASNS)*, a leader in cyber-hardened networking solutions, continues to demonstrate strong commercial momentum with recent follow-on orders that expand its footprint in critical infrastructure sectors. The company recently announced a strategic follow-on order from a Hungarian utility provider, building upon their initial engagement announced in October 2023. Additionally, Actelis secured an order for Ventura County, California's Systemic Countywide Signalized Intersection Improvement Project, further reinforcing its position in the intelligent transportation systems (ITS) market. These latest wins build upon Actelis' impressive momentum following significant orders from Washington D.C.'s Department of Transportation, the City of Seattle (recently named the 'smartest city in the U.S.'), and a renewal order connected to the UK's National Roads Telecommunications Service (NRTS). The anticipated next phase of NRTS represents a massive £650 million opportunity within the UK's Digital Roads Strategy, potentially positioning Actelis for substantial future involvement in this critical infrastructure initiative. These commercial developments come as Actelis prepares to report its annual 2024 financial results on Monday, March 24, with a conference call scheduled for 5 p.m. Eastern time. Investors will be watching closely to see how these recent wins translate into financial performance. In December 2024, Litchfield Hills Research initiated coverage of Actelis with a $5 price target and Buy rating, highlighting the company's technology portfolio and global reach, serving customers across 30 countries, including government agencies, transportation authorities, and defense organizations. With the global smart cities market reportedly projected to expand to $300 billion by 2032, and the ITS segment expected to reach $65.33 billion by 2032, Actelis appears well-positioned with its cyber-hardened networking solutions for these rapidly growing IoT and critical infrastructure markets. * Disclaimer: Nothing in this report constitutes financial or investment advice, nor does it represent an offer to buy or sell securities. This alert is published by MarketNewsAlerts, a promotional content brand which is part of the Wall Street Wire™ network. The operators of Wall Street Wire are not registered brokers, dealers, or investment advisers. This distribution contains paid promotional content related to Actelis Networks and was produced as part of their paid subscription to Wall Street Wire. This report has not been reviewed or approved by Actelis Networks prior to publication. Please review the full disclaimers and compensation disclosures here: SOURCE: Market News Alert Copyright Business Wire 2025. PUB: 03/18/2025 09:39 AM/DISC: 03/18/2025 09:39 AM
