Actelis Selected and Receives First Order to Provide IoT Networking To European Natural Gas System Operator
17 October 2023 - 11:30PM
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 a first order to supply a major European natural gas
transmission system operator with its hybrid fiber-copper
networking solution as part of a new tender win. This new win
demonstrates Actelis’ continued growth within critical IoT networks
around the world.
Actelis’ new customer operates a high-pressure
natural gas pipeline network stretching over thousands of
kilometers in a large European country. The company operates in an
industry that is heavily regulated and requires strict monitoring
of all operational aspects to ensure quality, safety, security, and
accuracy of information. Actelis’ cyber and temperature hardened
Ethernet access devices are able to support all of these
attributes, delivering and protecting key operational data to help
with quality control, system maintenance, and measurement of
natural gas characteristics such as tank levels, inventory,
temperature, and flow.
The Actelis solution will enable and extend
instant, fiber-grade connectivity over the client’s existing
network infrastructure to maximize the speed, quality and reach of
data transmission even to the most remote locations, for improved
operations, safety, and security. Actelis network switches operate
over hybrid networks of fiber and copper, boosting the performance
of existing wiring at long distances, allowing customers to connect
locations that would be expensive, time consuming, and labor
intensive to reach with a fiber-only connection.
In recent years, the energy sector has been hit
with several cyber-attacks and network infrastructure is vulnerable
to continuous threats. Actelis solutions offer advanced end-to-end
encryption protocols at the device, transmission, and management
levels to help protect against hacking, jamming, and denial of
service attacks.
“Within energy industry networks, our solution
is perfect because it is able to operate over long distances and in
extreme climates, providing our customers a rapidly deployable,
reliable network they can trust,” said Tuvia Barlev, Chairman and
CEO of Actelis. “Customers can be up and running with the solution
in a matter of hours, getting fiber-grade connectivity using the
wiring that is already in their networks.”
The deployment of the Actelis solution will be
done in collaboration with Actelis’ local partner, denk-stein:net
GmbH, based in Germany. denk-stein:net GmbH distributes, advises
and develops solutions and products for data and telecommunication
networks. This trusted Actelis partner serves Germany, Austria,
Hungary, and Switzerland.
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
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.
Media Contact:Sean Renn Global VP Marketing
& Communicationssrenn@actelis.com
Investor Relations Contact:Kirin SmithPCG
Advisory, Inc.Ksmith@pcgadvisory.com
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