Actelis Networks and Khushi Communications Partner to Enable Expansion of IoT Networks Throughout India
April 04 2024 - 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 entered into a partnership agreement with Khushi Communications
Pvt. Ltd. (Khushi), a trusted technology solution provider for
communication networks headquartered in New Delhi, India. The
agreement gives Actelis a much stronger presence in a strategically
important region where it can go to market in partnership with a
highly trusted company in the IoT networking space. By partnering
together, Actelis and Khushi will help government agencies and
private organizations in Asia rapidly deploy connectivity solutions
to support access control and surveillance systems, smart
transportation systems, utilities monitoring, Gigabit broadband
services, and more.
Since its founding in 2015, Khushi has become an
important resource for customers looking for innovative
connectivity solutions. The company represents best-in-class,
industry leading manufacturers, serving the defense, railways,
utilities, industrial IoT, and telecom markets. Going forward,
Khushi will have the advantage of utilizing Actelis’ hybrid-fiber
networking solutions to help its customers expand their IoT
networks faster and more cost-effectively.
“Khushi is an ideal partner for Actelis in a
region that we’ve identified as very important to our success,”
said Tuvia Barlev, Chairman & CEO of Actelis. “They have
positioned themselves very well in verticals that match perfectly
with our IoT solutions portfolio.”
The expansion of IoT networks requires reliable
and secure fiber-grade connectivity, which is enabled rapidly by
the Actelis solution using the existing fiber, copper, or coax
already in the network. By maximizing the existing network
infrastructure, engineering and construction activities are
eliminated, and network operators save approximately 90% of the
cost compared to installing new wiring.
“The Actelis solution is very unique and solves
so many network challenges,” said Prem Sethi, Managing Director at
Khushi Communications. “We are very pleased that we can now offer
this solution to our customers to help them quickly expand their
networks and maximize their budgets.”
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.
About Khushi Communications
Khushi Communications is a technological
solutions provider of Timing & Synchronization, Ethernet
Switches, Test & Measurement and Network Monitoring Solutions.
Bringing the latest and futuristic solutions offering in
partnership with their renowned and innovative Partners, they are
poised to serve Design & Development Labs, Railways, System
Integrators, Utilities, Research & Scientific Institutes,
Military, Government among others. Throughout their journey, they
have been poised, innovative and responsive towards needs and
expectations of their customers and partners. For more information,
please visit www.khushicomms.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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