Actelis Receives Order From Major German Energy Provider For Encrypted, Cyber-Hardened, Hybrid-Fiber Networking
November 29 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 that it
has received a new order to supply a major German provider with its
new Encrypted, cyber-hardened, hybrid-fiber networking technology.
Actelis continues to expand its solution within the energy sector
where data security is critical.
Actelis’ customer supplies gas and electricity
for over two million people throughout hundreds of cities in
Germany. Systems such as this one generate large amounts of data
that need to be transported from many field locations to a central
office for monitoring and analysis. In many cases, Actelis devices
are installed at the edge of these networks, managing data coming
from IoT devices such as sensors and cameras, from sub stations and
from field offices. It is crucial that the entire network is
protected end-to-end which is why edge security, especially in
unmanned locations is highly important. In fact, global market
research firm KBV Research estimates that the edge security market
will have a CAGR of 20.3% through 2028, reaching $57.2 billion.
Actelis’ encrypted Hybrid-Fiber hardened
switches, ML644EL and ML6916EL will both be deployed for this
application and feature 256-bit MACsec encryption, providing three
layers of data security, encrypting the data at the transmission
layer, the switching layer, and the management/control layer. The
ML600 series enables long-reach, instant fiber-grade connectivity
over copper or coax wiring that already exists in the network,
providing operators with an immediate solution to get their
projects done, even in places that are hard to reach with fiber
ML600 series provide immediate fiber-grade networking over any
existing wireline media, as well as an upgrade option to fiber in
the future when available, with the same products.
“We are seeing more interest from our customers
in protecting the edge of their networks with protocols like MACsec
encryption,” said Tuvia Barlev, Chairman and CEO of Actelis. “Our
ability to provide this high level of security over hybrid networks
of fiber and legacy wiring, while at the same time also boosting
the performance of the existing legacy network with fiber-grade
connectivity to be deployed in just hours - is our unique value in
the market.”
This project will be deployed in conjunction
with Actelis’ local partner, Syserso Networks GmbH, based in
Germany. Syserso provides planning, implementation, and support
services for critical infrastructure, public, and private
networks.
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-coax, 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
& Communicationssrenn@actelis.com
Investor Relations Contact:Kirin SmithPCG
Advisory, Inc.Ksmith@pcgadvisory.com
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