Actelis Receives Order From Major North American Rail Operator For Management Software And Services
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The recent order received by Actelis Networks from a major North American rail operator is a notable development, especially considering the sizeable amount of $300,000 for a software license and support. This transaction signifies the rail operator's confidence in Actelis' technology and its MetaASSIST Element Management System (EMS), which is crucial for IoT applications in the rail industry. The commitment to a three-year software support indicates a long-term relationship and potential for recurring revenue for Actelis.
From a market perspective, Actelis' focus on cyber-hardened, rapid deployment networking solutions for IoT applications positions the company favorably within the growing IoT market. The rail industry's need for instantaneous, fiber-grade connectivity and robust security protocols, as addressed by the new features in MetaASSIST EMS version 4.0, reflects a broader industry trend towards digitalization and heightened cybersecurity measures. The addition of L1 Topology View and MACsec encryption support are competitive enhancements that could lead to increased market share and customer loyalty.
Actelis Networks' enhancement of its MetaASSIST EMS with advanced security protocols and the introduction of MACsec encryption in its new product portfolio is a critical step in addressing the cybersecurity challenges faced by the rail industry. Cyber-hardened solutions are increasingly demanded as the threat landscape evolves and Actelis' commitment to upgraded network protection is a proactive measure. The order from a major rail operator not only validates the necessity of these improvements but also sets a precedent for other players in the industry to follow suit.
With the integration of additional security features, Actelis is likely to see a positive impact on its brand reputation and could potentially leverage this to negotiate further contracts with security-conscious clients. The long-term benefits include fostering customer trust and establishing Actelis as a leader in secure IoT networking solutions for critical infrastructure.
The $300,000 order for Actelis Networks' management software license and services represents a substantial investment by a major North American rail operator and is indicative of Actelis' financial growth potential. The multi-year service agreement provides a predictable revenue stream, enhancing the company's financial stability. Additionally, the investment in developing the latest version of their MetaASSIST EMS suggests that Actelis is allocating resources effectively towards innovation and customer-driven enhancements.
Actelis' strategic focus on IoT applications for the rail industry, combined with the latest technology upgrades, positions the company to capitalize on future expansion opportunities within this sector. Investors should monitor the company's ability to secure similar contracts and the impact of these developments on Actelis' market position and financial performance over time.
FREMONT, Calif., Dec. 28, 2023 (GLOBE NEWSWIRE) -- 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 order for management software license and services in the amount of approximately
Actelis technology is utilized by the rail industry globally to enable instantaneous fiber-grade connectivity over long distances utilizing any wireline medium, from legacy copper to new fiber. The Actelis smart rail solution supports a variety of IoT applications including providing customer information services to train stations and remote stops as well as the transport of live, high-definition video camera feeds to agencies’ network operations centers. The backbone of the solution is Actelis’ MetaASSIST software system which enables remote management, monitoring, and configuration of Actelis’ network switches deployed trackside or in control centers, as well as monitoring of 3rd party IoT devices and alarms.
Version 4.0 of MetaASSIST adds new functionality and security protocols to provide for even higher system uptime, quicker deployment of network devices, and upgraded network protection. One of the major additions in the new version is L1 Topology View which complements the Tree view which was available in previous versions. L1 Topology View allows customers to view the network topology in an easy-to-understand graphical manner for easier monitoring and better decision-making.
Version 4.0 also adds support for Actelis’ new product portfolio including its higher-end security products featuring MACsec encryption. Additional functionality has been added to support Actelis’ fiber products including additional inventory fields and more scheduled tasks.
“This new order demonstrates the trust major clients have in the Actelis solution,” said Tuvia Barlev, Chairman and CEO of Actelis. “We are excited about the opportunity to inject our software platform with new features to help our customer strengthen its overall operations and add new levels of security to its network.”
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
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Media Contact:
Sean Renn
Global VP Marketing & Communications
srenn@actelis.com
Investor Relations Contact:
Kirin Smith
PCG Advisory, Inc.
Ksmith@pcgadvisory.com
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