Actelis Receives Orders for Its Hybrid Copper Networking Solutions To Expedite IoT Modernization of Major Highway and Rail Systems Throughout Japan
August 09 2023 - 8:30AM
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
announced that it has received several recent orders to deploy its
hybrid fiber-copper networking solution to support IoT connectivity
for major highway and rail systems in Japan. Actelis continues its
momentum in the Asia-Pacific region where, as previously reported,
the Company recently announced the appointment of Tzachy Givaty as
Regional Vice President to lead the Company’s regional business
development and channel partner expansion efforts.
The projects for Japanese highways and railways
are being deployed in conjunction with Actelis’ local channel
partner, Hytec Inter, an industry leading distributor and developer
of communications and networking equipment in Japan. Supported by a
highly experienced world-class technical engineering team, Hytec
delivers and provides full lifecycle support for premium end-to-end
solutions in the government, defense and industrial market
sectors.
“As traffic and rail systems continue to expand
and become more intelligent, we know how important it is to
reliably and securely transmit data for the IoT devices connected
to these networks,” said Tuvia Barlev, chairman and CEO of Actelis.
“Actelis very much appreciates the trust that Hytec and its clients
have put in our company, allowing us to play a key role in the
modernization of their critical programs.”
Actelis’ solutions for highway and rail systems
in Japan are utilized for video surveillance connectivity,
improving safety, security, and traffic management. Actelis’ cyber
and weather hardened network switches and aggregation devices boost
the performance of existing wiring within communications networks,
enabling and extending instant fiber-grade performance. The data
collected by surveillance cameras is aggregated and transported
back to operations centers for real-time monitoring and decision
making.
Capable of delivering Fiber-Grade networking
services over either new Fiber or existing copper infrastructure,
the Actelis solution modernizes and digitizes traffic and rail
networks immediately upon installation, utilizing the client’s
existing infrastructure. This approach allows operators to deploy
new IoT devices throughout its network right away without the
months of delays typically involved in trenching new Fiber in hard
to reach areas and avoiding the high cost of investing in new
infrastructure, while accommodating new fiber deployment at any
time where economical.
The reach and reliability of Actelis’ solution
are successfully proven in the industry, which is why it is
selected time and again for highly visible highway and rail
projects. Operators need to deploy their IoT devices in locations
that are sometimes out of reach of the existing copper or fiber
infrastructure. Actelis maximizes infrastructure investments by
extending connectivity over thousands of miles of highway and
railroad.
About Actelis Networks, Inc.
Actelis Networks, Inc. (NASDAQ: ASNS) is a
market leader in cyber-hardened, rapid-deployment networking
solutions for wide-area IoT applications including federal, state
and local government, ITS, military, utility, rail, telecom and
campus applications. Actelis’ unique portfolio of hybrid
fiber-copper, environmentally hardened aggregation switches, high
density Ethernet devices, advanced management software and
cyber-protection capabilities, unlocks the hidden value of
essential networks, delivering safer connectivity for rapid,
cost-effective deployment. 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 Relations Contact:
Kirin Smith
PCG Advisory
ksmith@pcgadvisory.com
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