Actelis Launches Unique, Ultra Low Power In-Building Gigabit Connectivity Solution For Instant Service Provisioning of Multi-Tenant Units
October 24 2023 - 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 the
official launch of the GigaLine 900, a first of its kind product
designed to solve the challenge of delivering broadband services
from the curb throughout apartments, office buildings, hotels, and
other multi-tenant units (MTUs). Network providers around the world
can utilize this new broadband solution to deliver Gigabit services
to tenants instantly without the high construction and labor costs
of rewiring buildings with fiber.
According to a Parks Associates study, over 30%
of US residents live in apartments and multi-family units and 50%
report experiencing network issues. While there are many
government-led initiatives to bring fiber connectivity to every
tenant, the implementation cost is very high which is a major
burden on network providers’ ROI. Additionally, rewiring buildings
is a time-consuming endeavor that is inconvenient for tenants and
is often met with objection from landlords.
Actelis’ new GigaLine 900 makes it very fast,
simple, and cost effective for providers to connect tenants to
high-speed internet without installing fiber throughout the
building. A flexible hybrid fiber-copper-coax solution, the
GigaLine 900 is a very low power, Ethernet GE/PON splitter-extender
delivering Gigabit connectivity to tenants utilizing the existing
wiring already in the walls of the building. A key benefit of this
new solution is that it can be installed in as fast as 1 hour,
allowing providers to connect entire apartment and office buildings
to Gigabit broadband services immediately.
The GigaLine 900 is the intelligent connection
point between the fiber running to the building and the existing
coax or twisted pair that already exists inside the building.
GigaLine 900 utilizes a 2.5 GBPS or 1 GBPS uplink and provides
symmetrical Gigabit service for up to 16 tenant units. The device
consumes only a few watts providing landlords and tenants year over
year saving on their energy bills.
“There is over $40 billion of new government
funding available for fiber installation in the United States
alone, but the costs of the last section - getting fiber all the
way to tenants - is tremendously high and the funding will not be
enough to reach everyone,” said Tuvia Barlev, chairman and CEO of
Actelis. “With GL900 we are in a unique position to help providers
maximize their funding to quickly deliver broadband services while
making it very cost effective to reach each tenant.”
As previously reported, Actelis showcased its
new GigaLine 900 solution at the Broadband Communities Summit in
May 2023, helping to generate interest from local and state
agencies as well as network providers and system integrators. This
week, Actelis will again showcase the GigaLine 900, at Network X
2023 in Paris, one of the largest telecommunications industry
events globally.
“We have seen great interest from the market in
the GigaLine 900,” said Barlev. “Our customers see that they can
utilize this new solution to generate faster revenues, maximize
their labor force, and increase customer satisfaction
immediately.”
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
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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,"
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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
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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 Relations Contact:Kirin SmithPCG
Advisory, Inc.Ksmith@pcgadvisory.com
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