Actelis Receives $2.3 Million Order for Immediate Delivery of New Hybrid-Fiber Intelligent Networking Solution For Washington D.C.’s Department of Transportation
May 02 2024 - 7:37AM
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 an approximately $2.3 million order to supply
Washington D.C.’s Department of Transportation (DDOT) with a new
hybrid-fiber intelligent networking solution for the city’s
transportation network. This order will be supplied immediately,
during the coming 2-3 months and will help DDOT modernize and
standardize network connectivity infrastructure along its roadways
and at its intersections with the deployment of over 1,600 Actelis
hybrid-fiber network switching and aggregation devices.
DDOT currently utilizes a mix of fiber optic and
copper cables to communicate with all Intelligent Transportation
System (ITS) assets city-wide including traffic signals, Closed
Circuit cameras (CCTV), roadway weather systems, and data
collection sites. These systems are critical to DDOT’s ability to
command and control traffic signals through the evolutionary
changes the city is experiencing in enhancing its intelligent,
secure transportation management, and to provide situational
awareness to the public and a vast number of local and regional
stakeholders. These systems are also critical in an ongoing effort
to manage traffic flow, special events, and daily incidents that
impact the safety of all modes of travel within the city.
The Actelis IoT solution components will
communicate with DDOT’s various central systems at the agency’s
transportation management centers, the city’s Advanced Traffic
Management System (ATMS), and critical homeland security support
systems. Because of the importance of the systems involved, it is
vital that the connectivity solution is fast, reliable, and secure.
Actelis’ unique ability to enable instant fiber-grade connectivity
over copper or fiber within one secure integrated network gives
DDOT the solution it needs without the high cost of installing
fiber at each intersection.
“We are very excited to be able to help the
capital of the United States upgrade and modernize its intelligent
traffic management systems,” said Tuvia Barlev, Chairman and CEO of
Actelis. “We look forward to providing a solution to DDOT that gets
the most out of its blended fiber-copper network while helping to
make travel safer and more efficient for residents and
visitors.”
The project was awarded to M2 Technology, Inc. a
top-ranked value-added reseller and a long-time Actelis business
partner, providing information technology solutions to local,
state, and federal government agencies. The solution will include
Actelis’ hybrid-fiber MetaLight 684D managed, cyber and temperature
hardened networking technology featuring Gigabit switching capacity
and Actelis’ MetaLight 230 compact, high density Ethernet
aggregation devices which will be installed in traffic operation
hubs spread throughout the District.
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
& Communicationssrenn@actelis.com
Investor Relations Contact:Kirin SmithPCG
Advisory, Inc.Ksmith@pcgadvisory.com
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