Actelis Networks Chosen by Seattle, the “Smartest City in US” for Significant Infrastructure Modernization Project
December 10 2024 - 8:20AM
Actelis Networks,
Inc.
(NASDAQ:ASNS) (“Actelis” or the
“Company”), a market leader in cyber-hardened, rapid deployment
networking solutions for IoT and broadband applications, today
announced that it has secured a significant new order for the City
of Seattle Department of Transportation (SDOT). This milestone
further cements Actelis’ role in critical infrastructure
modernization across the U.S. and globally, following recent wins
in Washington, D.C., San Jose and major international cities.
Selected to upgrade and expand Seattle’s
Intelligent Transportation System (ITS) as part of a key asset
refresh, Actelis’ hybrid-fiber networking technology will power
essential traffic management applications, including signals,
cameras, congestion monitoring systems, and dynamic messaging
signs. Seattle, recently named the smartest city in the U.S., has
long relied on Actelis’ solutions for secure, high-speed
connectivity, underscoring the city’s confidence in Actelis’
ability to deliver innovative, cost-effective infrastructure.
“This milestone order from Seattle reflects the
growing demand for Actelis’ solutions as cities prioritize smarter,
more connected infrastructure,” said Tuvia Barlev, Chairman and CEO
of Actelis. “From Washington, D.C., San Jose to Seattle and many
more in the US, as well as key municipalities in Germany,
forward-thinking cities across the globe are turning to Actelis to
modernize critical systems, as we’ve recently reported. These
successes highlight our momentum in the infrastructure and ITS
sectors, as cities and road authorities recognize the value of our
our technology in accelerating smart transportation networks,
enhancing urban mobility, and delivering safer, more sustainable
environments for millions of residents.”
Actelis’ presence in the ITS and smart city
infrastructure sectors comes at a pivotal time, as cities worldwide
ramp up modernization budgets. Recent reports indicate 66% of U.S.
cities are currently investing in smart city technologies, with the
global ITS market projected to reach $65.33 billion by 2032 and the
broader smart city market expected to grow to $165.8 billion by
2028. Actelis’ solutions empower cities to efficiently modernize
infrastructure, meeting the rising demand for secure,
cost-effective connectivity driven by these investments.
Actelis’ hybrid-fiber technology provides secure,
high-speed connectivity by upgrading existing infrastructure,
enabling rapid deployment of modernized networks. These solutions
support IoT-driven urban planning while minimizing costs and time
associated with traditional cabling. In Seattle, Actelis’
technology facilitates real-time data transmission from traffic
cameras, signals, and congestion monitoring systems to the city’s
Traffic Operations Center, enabling efficient traffic management
and safer roadways.
This order was facilitated by Actelis’ Washington
State-based reseller partner, Western Systems, a leader in advanced
traffic management solutions. Western Systems has been instrumental
in introducing Actelis’ technology to innovative cities across the
region, helping accelerate the company’s expansion in ITS and
government infrastructure markets.
About Actelis Networks,
Inc.Actelis Networks, Inc. (NASDAQ: ASNS) is a market
leader in hybrid fiber-copper, cyber-hardened networking solutions
for rapid deployment in wide-area IoT applications, including
government, ITS, military, utility, rail, telecom, and campus
networks. Actelis’ innovative portfolio offers fiber-grade
performance with the flexibility and cost-efficiency of hybrid
fiber-copper networks. Through its "Cyber Aware Networking"
initiative, Actelis also provides AI-based cyber monitoring and
protection for all edge devices, enhancing network security and
resilience.
For more information, please
visit www.actelis.com.
Forward-looking StatementsThis
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.
Contact:ARX | Capital Markets
AdvisorsNorth American Equities Deskactelis@arxadvisory.com
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