Actelis Receives New Orders to Supply Three Military Bases with Cyber-Hardened Networking Technology, Continues Momentum with U.S. Military
June 04 2024 - 3:30PM
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 new orders for cyber-hardened networking technology to
be deployed on three U.S. military bases. These orders were
received following Actelis’ recent successful cybersecurity
certifications and placement on the Department of Defense
Information Network approved products list.
In January, Actelis announced that its solutions
were placed on the Department of Defense Information Network
(DoDIN) Approved Products List (APL) following certification from
the Joint Interoperability Test Command (JITC). Then in February,
the company announced that it achieved U.S. Department of Commerce
National Institute of Standards and Technology (NIST) certification
for FIPS 140-2 cryptographic standard. Both cybersecurity
certifications are critical for the company to expand its portfolio
of products within the military’s network ecosystem.
“We have invested significant resources on
achieving these critical government security certifications,” said
Tuvia Barlev, Chairman and CEO of Actelis. “We are very pleased to
see that those efforts are resulting in new orders and a strong
pipeline for our federal market segment.”
Actelis continues its momentum in the federal
IoT space where it helps the U.S. military greatly accelerate its
base modernization initiatives. The company’s unique hybrid-fiber
networking solution enables the military to deliver immediate
fiber-grade connectivity to critical IoT devices and systems
without the need for heavy engineering or construction, saving
months of project time and can save millions for military bases and
federal campuses.
The Actelis solution, as the company believes,
is the only one of its kind on the DoDIN APL, giving the company a
strong competitive advantage. The company’s solution features a
high level of data protection including 256-bit MACsec encryption,
data fragmentation and scrambling, all of which strengthen the
security of the network, particularly at the edge where IoT devices
are very vulnerable to attacks.
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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