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Actelis Networks, Inc. (NASDAQ:ASNS) announced a $300,000 order for management software license and services from a major North American rail operator. The order includes software license and support for 3 years, granting access to the latest version of Actelis’ MetaASSIST EMS. Actelis technology enables fiber-grade connectivity over long distances utilizing any wireline medium, supporting various IoT applications for the rail industry globally.
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End-of-Day
4.59%
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Actelis Networks, Inc. (NASDAQ:ASNS) announced the closing of a private placement of 1,271,187 shares of its common stock and warrants, priced at $1.18 per share, to raise gross proceeds of approximately $1.5 million for working capital and general corporate purposes.
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-1.37%
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News
Rhea-AI Summary
Actelis Networks, Inc. (NASDAQ:ASNS) announced a private placement of 1,271,187 shares of common stock and warrants at a purchase price of $1.18 per share, with gross proceeds of approximately $1.5 million.
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-9.92%
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Actelis Networks, Inc. (NASDAQ:ASNS) announced the official launch of the GigaLine 800 Hybrid-Fiber, a cyber and temperature hardened last mile broadband networking solution. The new solution aims to provide multi-Gigabit connectivity over extended distances in a secure, instantaneous, and economical manner, utilizing existing copper and coax wiring. It offers 5 Gbps over the last 1,000 feet and 1 Gbps over the last 3,000 feet, closing the gap between the fiber termination point and out-of-reach buildings. The device features 256-bit MACsec encryption and supports FIPS cyber-security standards, making it suitable for sensitive applications. The GigaLine 800 also eliminates the need for permits and costly construction, providing a cost-effective and rapid deployment solution for IoT applications and broadband services.
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14.29%
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Actelis Networks, Inc. (NASDAQ:ASNS) has received a new order for multi-gigabit hybrid fiber-copper networking devices to support the City of Everett’s intelligent traffic management network. Actelis’ solutions enable secure, rapid deployment of fiber-grade connectivity at traffic intersections, contributing to transportation safety and smart traffic enhancements. The company's partnership with Western Systems has been instrumental in deploying their solutions in various cities across the United States.
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Actelis Networks, Inc. (NASDAQ:ASNS) has received a new order to supply a major German provider with its new Encrypted, cyber-hardened, hybrid-fiber networking technology for the energy sector. Actelis' customer supplies gas and electricity for over two million people throughout hundreds of cities in Germany. The global market research firm KBV Research estimates that the edge security market will have a CAGR of 20.3% through 2028, reaching $57.2 billion. Actelis' encrypted Hybrid-Fiber hardened switches, ML644EL and ML6916EL, will be deployed for this application, featuring 256-bit MACsec encryption, providing three layers of data security. The project will be deployed in conjunction with Actelis' local partner, Syserso Networks GmbH, based in Germany.
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8.72%
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Actelis Networks, Inc. (NASDAQ:ASNS) announced the delivery of cyber-hardened, hybrid-fiber networking devices to a US Naval customer in the Asia-Pacific region to modernize its on-base operations. The Actelis solution aims to replace legacy networking equipment and expand the network rapidly, providing secure and reliable high-speed connectivity for voice, data communications, and IoT devices. Actelis’ extended reach products enable connectivity over long distances and hard-to-reach locations, saving military bases significant costs and time. The solution leverages Actelis’ patented Metalight technology to achieve fiber-grade connectivity over existing wireline mediums, offering immediate deployment and cost savings.
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3.7%
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Actelis Networks, Inc. (NASDAQ: ASNS) reported financial results for the fiscal third quarter and nine months ended September 30, 2023. The company experienced delays in closing and converting some large opportunities to revenues due to seasonality during summertime and slow processing of tenders by customers. However, Actelis has seen a good level of interest in their newly launched products for rapid deployment, cost-effective, and secure networking for critical infrastructure for IoT and Federal customers. They also anticipate new solutions to start selling in 2024 following successful trials and commercial agreements, aiming at connecting millions of buildings and customers in multi-tenant-building (MDU).
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Actelis Networks has launched the GigaLine 900, a product that allows network providers to deliver Gigabit services to multi-tenant units without the high costs of rewiring buildings with fiber. The solution can be installed in as fast as 1 hour and provides symmetrical Gigabit service for up to 16 tenant units.
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2.7%
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Actelis Networks receives first order to supply a major European natural gas transmission system operator
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25.42%
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Actelis Networks, Inc.
Nasdaq:ASNS
ASNS Rankings
ASNS Stock Data
1.57M
2.48M
7.64%
11.45%
0.67%
Other Communications Equipment Manufacturing
Manufacturing
United States of America
FREMONT
About ASNS
actelis networks, is the market leader in high performance broadband over hybrid fiber-copper networks, with solutions for enterprise connectivity to the cloud, residential iptv, mobile backhaul and iot infrastructure. utilizing its advanced technology, actelis helps service providers turns their existing infrastructure into a strategic assets optimized for cost, time to market, reliability and security.