Actelis Networks Secures New Order to Modernize Major Nordic Municipality's Communication Infrastructure

Rhea-AI Summary

Actelis Networks (NASDAQ: ASNS) has secured a new order to modernize communications infrastructure in a major Nordic city, partnering with a leading European traffic technology provider. The project targets the second-largest city in a Nordic country, serving over 300,000 residents in a metropolitan area of 1.5+ million inhabitants.

The company will deploy its hybrid-fiber networking solutions to enhance municipal systems connectivity, offering fiber-grade performance while utilizing existing infrastructure. This approach significantly reduces deployment time and costs compared to traditional fiber installation methods. The solution features cyber-hardened technology with military-grade security protection for critical urban systems.

This order expands Actelis' European presence, following recent deployments in Germany, Italy, Hungary, and the United Kingdom, demonstrating the company's growing momentum in smart city initiatives and infrastructure modernization projects.

Positive

• Secured new order in major Nordic metropolitan area
• Strategic partnership with leading European traffic technology provider
• Expansion into new European market following successful deployments in multiple countries

Negative

• None.

Strategic Order for Leading Nordic Smart City Expands Actelis' European Footprint

FREMONT, Calif. , April 21, 2025 (GLOBE NEWSWIRE) -- 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 it has secured a new order to help modernize the communications infrastructure for a major city in the Nordic region.

Actelis is collaborating with a leading European traffic technology and intelligent transportation systems provider on this order. Through this strategic partnership, Actelis will supply advanced hybrid-fiber networking solutions to enhance connectivity across municipal systems in the second largest city of a prominent Nordic country. This municipality, home to over three hundred thousand residents and part of a metropolitan area exceeding 1.5 million inhabitants, has established itself as a leader in smart city initiatives focused on creating more efficient, sustainable urban infrastructure.

"We're proud to support this innovative Nordic city's infrastructure modernization initiatives," said Tuvia Barlev, Chairman and CEO of Actelis. "Our technology will help rapidly enhance communications capabilities while providing the security and reliability essential for smart city operations in one of Europe's most technologically advanced regions."

Actelis' hybrid-fiber networking solutions enable municipalities to achieve fiber-grade performance while leveraging existing infrastructure, significantly reducing deployment time and costs compared to traditional fiber installation methods. The company's cyber-hardened technology is engineered to withstand challenging environments while providing military-grade security protection for critical urban systems.

The order continues Actelis' growing momentum in the European market, following recent deployments in Germany, Italy, Hungary, and the United Kingdom. The company's expanding European footprint reflects the unique advantages of its technology in enabling smart city initiatives and infrastructure modernization with immediate, cost-effective solutions.

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 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.

Contact:
ARX | Capital Markets Advisors
North American Equities Desk
actelis@arxadvisory.com

FAQ

What is the size of the Nordic city where ASNS will deploy its networking solutions?

The city has over 300,000 residents and is part of a metropolitan area exceeding 1.5 million inhabitants.

How does Actelis Networks' hybrid-fiber solution benefit municipal infrastructure?

It provides fiber-grade performance using existing infrastructure, reducing deployment time and costs while offering military-grade security protection.

Which European countries has ASNS recently expanded into before this Nordic project?

Actelis has recent deployments in Germany, Italy, Hungary, and the United Kingdom.

What type of security features does ASNS offer in its municipal networking solutions?

Actelis provides cyber-hardened technology engineered to withstand challenging environments with military-grade security protection.