Actelis Reports Strong Performance in 2024 Driven by Software and Services renewals, Federal and Military Sector Growth, New Product Adoption, and Strategic Cost Management; Gross Margin Expansion to 55% Reflects Success in High-Value Markets as Company Positions for Continued Growth in Three Multi-Billion vertical marketsFREMONT, Calif., March 24, 2025 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ: ASNS) (“Actelis” or the “Company”), a market leader in cyber-hardened, rapid-deployment networking solut ...

Company Overview - Actelis Networks, Inc. is a market leader in cyber-hardened, rapid deployment networking solutions for IoT and broadband applications [1][3] - The company specializes in hybrid fiber-copper networking solutions, providing fiber-grade performance with cost-efficiency [3] Financial Results Announcement - Actelis will publish its annual 2024 financial results on March 24, 2025 [1] - A conference call will be held on the same day at 5 p.m. Eastern time to discuss the business and financial results [2][3] Conference Call Details - The conference call will be hosted by CEO Tuvia Barlev and Deputy CEO and CFO Yoav Efron [2] - Interested parties can submit questions before or during the call [2] - A transcript of the call will be available within 24-48 hours after the call [3] Cybersecurity Initiatives - Actelis offers AI-based cyber monitoring and protection for all edge devices through its "Cyber Aware Networking" initiative [3]

Core Insights - Actelis Networks, Inc. has received a follow-on order from a Hungarian utility provider to support the modernization of its communications network, building on a previous engagement from October 2023 [1][2][3] Company Overview - Actelis is a market leader in cyber-hardened, rapid deployment networking solutions for IoT and broadband applications, focusing on hybrid fiber-copper technologies [4] - The company's solutions are designed to provide secure, high-speed data transmission essential for monitoring and controlling critical infrastructure [2][3] - Actelis' technology is widely deployed across various sectors, including transportation, energy, government, and military, offering robust and high-performance communications solutions [3][4] Recent Developments - The latest order will expand the deployment of Actelis' advanced hybrid fiber networking technology across additional locations, reinforcing the network's capabilities [2][3] - The company emphasizes its commitment to supporting the digital transformation of Hungary's energy sector, highlighting the trust customers place in its solutions [3]

Core Insights - Actelis Networks, Inc. has received an order for the County of Ventura's Systemic Countywide Signalized Intersection Improvement Project, aimed at modernizing traffic signal communications across the county [1][4] - The project will utilize Actelis' advanced networking technology to enable high-speed, secure data transmission between traffic management centers and signalized intersections, enhancing traffic flow and safety while reducing infrastructure costs [2][3] - Actelis is collaborating with Crosstown Electrical & Data, Inc., a contractor specializing in Intelligent Transportation Systems, to implement the project [3][4] Company Overview - Actelis Networks is a leader in hybrid fiber-copper, cyber-hardened networking solutions for rapid deployment in various IoT applications, including government and transportation sectors [5] - The company's technology is widely used in traffic management applications globally, contributing to operational efficiency and smart transportation initiatives [4][5] - Actelis offers a "Cyber Aware Networking" initiative that includes AI-based cyber monitoring and protection for edge devices, enhancing network security [5]

Core Viewpoint - Actelis Networks, Inc. has appointed Julie Kunstler as an independent director to its Board of Directors, bringing extensive experience in communications technology and corporate governance [1][5]. Group 1: Appointment Details - Julie Kunstler's appointment is effective immediately and reflects Actelis' commitment to enhancing its board with diverse perspectives and deep industry knowledge [1][5]. - Kunstler has over three decades of experience in communications components and broadband access equipment sectors, along with public company board experience [1][2]. Group 2: Professional Background - Kunstler currently serves on the board of Ethernity Networks Ltd. and has previously been on the board of TTI Team Telecom International [2]. - She has held leadership roles in the communications technology landscape, including Chief Analyst for the Broadband Access Intelligence Service at Omdia and Vice President of Business Development at Teknovus [3]. - Kunstler co-founded Portview Communications Partners, a venture capital fund focused on early-stage investments in communications technology [4]. Group 3: Strategic Importance - Kunstler expressed her honor in joining Actelis and highlighted the expanding requirements for secure broadband access networking solutions across various sectors [5]. - Tuvia Barlev, Chairman and CEO of Actelis, emphasized that Kunstler's strategic vision and expertise will be instrumental in strengthening the company's leadership in cyber-hardened networking solutions [5]. Group 4: Company Overview - Actelis Networks is a market leader in hybrid fiber-copper, cyber-hardened networking solutions for rapid deployment in wide-area IoT applications [7]. - The company offers fiber-grade performance with the flexibility and cost-efficiency of hybrid fiber-copper networks and provides AI-based cyber monitoring and protection for edge devices [7].

Core Insights - Actelis Networks, Inc. has appointed Dr. Niel Ransom to its Board of Directors, enhancing its leadership in secure, high-performance networking for critical infrastructure and intelligent transportation systems [1][5] - Dr. Ransom brings nearly five decades of experience in networking and communications technology, having held significant roles at Bell Labs, BellSouth, and Alcatel, and has a strong background in R&D investments and M&A strategy [2][3] - His expertise in optical networking, mobile edge computing, and broadband access solutions aligns with Actelis' focus on cybersecurity-driven networking [3] Company Developments - The appointment of Dr. Ransom follows the retirement of Joseph (Yossi) Moscovitz from the Actelis Board, effective February 1, 2025, with the company expressing gratitude for Moscovitz's contributions [4] - Dr. Ransom's strategic vision and knowledge in communications and network security are expected to be instrumental in strengthening Actelis' position in cyber-hardened hybrid-fiber networking solutions [5] - Actelis Networks is recognized as a market leader in hybrid fiber-copper, cyber-hardened networking solutions, catering to various sectors including government, military, and telecom [6]

Company Overview - Actelis Networks Inc 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 [5] - The company's innovative portfolio offers fiber-grade performance with the flexibility and cost-efficiency of hybrid fiber-copper networks [5] - Actelis provides AI-based cyber monitoring and protection for all edge devices through its "Cyber Aware Networking" initiative, enhancing network security and resilience [5] Recent Developments - Actelis secured a renewal of services order of a 6-figure US Dollar value from Kenton Group to provide continued support services for hybrid networking systems supplied to UK transport authorities [1] - The ongoing support is part of the modernization of the National Roads Telecommunications Service (NRTS), a vital digital infrastructure supporting England's Strategic Road Network (SRN) [2] - The NRTS connects over 36,000 services, enabling real-time monitoring and advanced traffic management [2] - Actelis' hybrid fiber solutions deliver cost-effective, fiber-grade connectivity by leveraging existing infrastructure to support smart road technologies such as Vehicle-to-Everything (V2X) and automated systems [2] Strategic Positioning - The company is well-positioned to play a key role in future digital upgrades across the UK's transportation network [1] - Actelis' hybrid fiber-copper solutions provide a unique advantage in the anticipated NRTS-3 phase, enabling secure, high-speed connectivity over existing infrastructure without the need for extensive new deployments [3] - The company sees the recent order as a precursor to significant opportunities as the UK prepares for the anticipated next phase of the NRTS upgrade [3] Global Expansion - Actelis has recently secured high-profile orders from Washington D C Department of Transportation (DDOT) and the City of Seattle [4] - These deployments highlight Actelis' growing global footprint and its ability to support critical infrastructure modernization efforts across key markets [4]

Event Participation - Actelis Networks, Inc will participate in The Microcap Conference 2025, a premier event for growth-focused companies and investors, taking place from January 28-30, 2025, at the Borgata Hotel Spa & Casino in Atlantic City, NJ [4] - Yoav Efron, Actelis' Deputy CEO and CFO, will present at the conference on January 29, 2025, at 4:00 PM EST and conduct in-person one-on-one meetings with qualified members of the investment community [1] Company Overview - Actelis Networks, Inc 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 [6] - The company's innovative portfolio offers fiber-grade performance with the flexibility and cost-efficiency of hybrid fiber-copper networks [6] - Through its "Cyber Aware Networking" initiative, Actelis provides AI-based cyber monitoring and protection for all edge devices, enhancing network security and resilience [6] Conference Details - The Microcap Conference is the largest independent microcap event in the US, bringing together top-tier investors and executives from microcap companies [2] - The event offers a platform for companies to showcase their value propositions through presentations, one-on-one meetings, and networking opportunities [2] - Hosted by DealFlow Events, The Microcap Conference is renowned for its blend of high-quality content, engaging networking, and exceptional entertainment [2]

Core Insights - The official launch of MetaShield represents a significant advancement for Actelis Networks, aimed at addressing the increasing sophistication of threats to critical infrastructure [1][3] - MetaShield integrates robust cybersecurity with hybrid-fiber networking technology, enhancing the protection of IoT operations for critical infrastructure customers [1][6] - The launch is part of Actelis' strategy to expand its portfolio and establish a strong SaaS business model, which is expected to deliver enhanced value and differentiate its networking solutions [3][12] Product Features - MetaShield enables rapid deployment without extensive infrastructure changes, crucial for sectors like government, defense, transportation, and utilities [6] - The product includes advanced features such as real-time anomaly detection, AI-driven threat mitigation, and automated network responses, ensuring continuous operation under challenging conditions [6][7] - It provides proactive cybersecurity and operational continuity management, safeguarding networks against operational failures and sophisticated cyber threats, particularly at vulnerable network edges [7][8] Market Position - Actelis Networks is recognized as a market leader in hybrid fiber-copper, cyber-hardened networking solutions for IoT applications across various sectors [8] - The company has received strong industry feedback during the pre-launch phase of MetaShield, indicating positive market reception and potential for growth [12] - The introduction of MetaShield is expected to create additional recurring revenue streams with healthy margins through its SaaS offering, further solidifying Actelis' leadership in secure networking [12]

Core Viewpoint - Actelis Networks has officially launched MetaShield, a Cyber Aware Networking product aimed at enhancing its portfolio and establishing a robust SaaS business model, thereby delivering increased value to customers and differentiating its networking solutions [1][3]. Product Features - MetaShield integrates with existing Actelis products, allowing for rapid deployment without extensive infrastructure changes, which is crucial for sectors like government, defense, transportation, and utilities [2]. - The product includes advanced features such as real-time anomaly detection, AI-driven threat mitigation, and automated network responses, ensuring continuous operation under challenging conditions [2][8]. Strategic Importance - The launch of MetaShield is a significant milestone in Actelis' strategy to enhance its networking portfolio with AI-based cybersecurity, protecting edge devices from within the network [3][9]. - The company has received strong industry feedback during the pre-launch phase and plans to expand sales activities to bring this innovative solution to market [3]. Market Positioning - MetaShield is designed to meet the increasing demand for integrated cybersecurity and operational continuity management within IoT and critical infrastructure networks, providing deep continuous monitoring and real-time protection [8]. - The product aims to safeguard networks against operational failures and sophisticated cyber threats, particularly at the vulnerable edge of the network [8][10]. Company Vision - The launch of MetaShield reflects Actelis' commitment to innovation and sets the stage for future growth, enhancing customer value while contributing to the long-term vision of establishing a strong SaaS business model [9].