Welcome to our dedicated page for Actelis Networks news (Ticker: ASNS), a resource for investors and traders seeking the latest updates and insights on Actelis Networks stock.
Actelis Networks, Inc. (NASDAQ: ASNS) delivers cyber-hardened hybrid networking solutions that transform existing infrastructure into secure, high-performance assets for critical IoT deployments. This news hub provides investors and technology professionals with essential updates on the company's innovations in fiber-copper integration, cybersecurity advancements, and infrastructure modernization projects.
Access timely announcements including earnings reports, product launches, strategic partnerships, and government contracts. Our curated collection features developments in AI-driven network security, smart city deployments, and mission-critical communication systems. Stay informed about ASNS's progress in enabling secure broadband connectivity across transportation networks, utility grids, and defense applications.
Key updates cover the company's patented MetaShield technology, hybrid network expansion initiatives, and recognition in cybersecurity standards. Bookmark this page for consolidated access to Actelis Networks' official communications and market-moving developments in intelligent infrastructure solutions.
Actelis Networks (NASDAQ:ASNS) announced its selection by the City of Eugene, Oregon, for a traffic management project using its hybrid fiber-copper networking solutions. This initiative is part of Eugene's goal to enhance transit by 2035. The project aims to modernize intersections by integrating IoT devices like traffic cameras and radar sensors, ensuring efficient traffic flow while prioritizing pedestrian safety. Actelis’ solutions utilize existing copper infrastructure for quick deployment and prepare the city for future fiber use. The company partners with Western Systems to implement these traffic solutions.
Actelis Networks, a leader in cyber-hardened networking solutions, will present at the Sidoti January Micro-Cap Virtual Conference on January 18, 2023, at 1:45 p.m. Eastern time. CEO Tuvia Barlev and CFO Yoav Efron will lead the presentation, which will be webcasted for later viewing. Actelis will also hold one-on-one meetings with qualified investors during the event. The conference runs from January 18-19, 2023, hosted virtually by Sidoti. Actelis specializes in rapid-deployment networking solutions for a variety of sectors, including government and telecommunications, and aims to enhance safe connectivity in IoT applications.
Actelis Networks, Inc. (NASDAQ:ASNS) has been selected by Northern Ireland Railways (NI Railways) to enhance connectivity for a vital project. This collaboration will utilize Actelis' hybrid fiber-copper solution to ensure high-speed data transfer from its main signaling center. NI Railways, part of Translink, serves over 1.5 million passengers weekly. Actelis aims to improve services such as customer information and CCTV feeds. The partnership demonstrates Actelis' expanding role in global railway systems, already operational in various countries.
Actelis Networks (NASDAQ:ASNS) announced the final phase of a major networking project for the U.S. military, set for completion by December 2022, valued at over $500,000. Partnering with Communications Construction Services, Actelis aims to enhance military connectivity, delivering services at significantly lower costs compared to new fiber installations. The technology will provide scalable Ethernet solutions to remote military locations, ensuring high reliability and speed while utilizing existing infrastructure. This deployment highlights Actelis’ capabilities in meeting vital government needs efficiently.
Actelis Networks, Inc. (NASDAQ: ASNS) has announced a $1 million share repurchase program, reflecting the Board's confidence in the company's growth potential and commitment to enhancing shareholder value. The program allows for stock buybacks through various means, funded by existing cash balances. CEO Tuvia Barlev highlighted a disconnect between the current share price and the stock's fair value, linking the buyback to their growth trajectory and operational cash flow. There is no set termination date for this program, which may be adjusted as needed.
Actelis Networks (ASNS) announced its Q3 and nine-month financial results for 2022, revealing total revenue of $6.3 million, a 5% increase year-over-year. IoT customer sales surged 45% compared to the prior year. However, gross margin fell to 48.3% due to inflation and supply-chain issues. The company reported a net loss of $2.2 million for Q3, widening from $1.2 million a year earlier. Despite these challenges, Actelis has expanded its sales and marketing teams, enhancing its market presence while working to clear a backlog of $3.9 million in orders.
Actelis Networks (NASDAQ: ASNS) will hold a conference call on November 11, 2022, at 4:30 p.m. Eastern Time to discuss its financial results for the fiscal third quarter ending September 30, 2022. The call will be hosted by CEO Tuvia Barlev and CFO Yoav Efron. Interested parties can join via toll-free U.S. dial-in at (800) 715-9871 or international dial-in at +1(646) 307-1963, using conference ID 6957723. A replay of the conference will be available until November 18, 2022.
Actelis Networks has partnered with Norseman Defense Technologies to provide its networking solutions under the NASA SEWP US government-wide acquisition contract. This collaboration allows Actelis to offer its cyber-hardened, rapid deployment connectivity solutions to federal, state, and local government agencies, enhancing network reliability for mission-critical installations.
Actelis' solutions are designed for quick deployment, utilizing both fiber and copper lines, facilitating high-speed connectivity without extensive civil works.
Actelis Networks (NASDAQ: ASNS) has launched its new ML600DM product line, designed for rapid IoT networking deployment at Gigabit speeds with enhanced cyber-hardened security. This product family facilitates the integration of existing fiber, copper, or coaxial infrastructures, enabling quick and cost-effective IoT implementations across various sectors, including Smart Cities and utilities. The ML600DM series supports up to 10Gbps switching capacity and provides power feeding up to 90 Watts for IoT devices, significantly improving operational efficiency.
Actelis Networks (NASDAQ: ASNS) has been selected by San Jose to modernize its Intelligent Transportation System (ITS), part of a $3 million multi-year initiative. This choice follows rigorous testing, highlighting Actelis’ hybrid fiber-copper technology that facilitates rapid deployment and high reliability. Currently, less than 15% of San Jose's intersections are fiber enabled, and Actelis aims to enhance network capabilities swiftly, allowing real-time traffic data management and surveillance. The project underscores the city's commitment to improving transportation infrastructure in a rapidly evolving environment.
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