Actelis Networks and Netceed Sign Partnership Agreement to Extend Actelis’ Hybrid-Fiber Networking Solutions to Netceed’s North American Customer Base
12 March 2024 - 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 signed a partnership agreement with Netceed, a leading
value-added distributor for the telecom, traffic, and digital
infrastructure industries. Through the agreement, Actelis’ cyber
and weather hardened hybrid-fiber networking solutions will be
promoted and available to thousands of Netceed customers in North
America.
This new partnership will greatly expand
Netceed’s connectivity offering to the intelligent transportation
industry, where it currently supplies a wide range of products
including traffic signal hardware, enclosures, and cabling
products. Now Netceed customers can accelerate their technology
upgrade projects by taking advantage of Actelis’ hybrid-fiber
solution which expands the reach and boosts the performance of
existing wiring in the network, benefitting from its cyber-hardened
capabilities. Many intelligent transportation networks consist of a
mix of fiber and twisted pair copper wiring and the Actelis
solution is the perfect choice to manage those networks by
connecting controllers, signals, cameras, and sensors, transmitting
critical data to the traffic operations center.
Actelis’ robust product portfolio consists of
high-density fiber-optic Gigabit switches for portions of the
network where fiber has already been deployed. In locations where
fiber has not yet been deployed, Actelis’ hybrid-fiber devices are
used to save hundreds of thousands of dollars and many months of
engineering time by utilizing the existing copper wiring.
“We are very excited to partner with Actelis to
add highly flexible and proven connectivity solutions to our
portfolio,” said Rob Ricks, Netceed’s Director of Traffic Business
Development. “The Actelis product line fills an immediate need for
customers looking to instantly and cost-effectively upgrade their
intersections.”
Actelis’ management team identified Netceed as
the ideal partner to help expand its reach within the intelligent
transportation market. With 11 locations in the United States and
over 90,000 products in its comprehensive portfolio, Netceed
continues to satisfy its customers by matching them with leading
manufacturers across many different verticals, value-added
services, and vast expertise.
“We are very impressed by how simple Netceed
makes it for customers to quickly procure the solutions they need,”
said Tuvia Barlev, Chairman & CEO of Actelis. “They have made a
commitment to stocking Actelis products to ensure projects can get
done as quickly as possible.”
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.
About Netceed
Netceed is a leading one-stop shop distribution
partner providing products, value-added solutions, intelligent
supply chain, logistics, and materials management to the
telecommunications, broadband, and digital infrastructure industry.
Netceed’s 2,000+ employees support 19,000+ customers from more than
80 locations across 19 countries. To learn more, visit
netceed.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
Actelis Networks (NASDAQ:ASNS)
Historical Stock Chart
From Aug 2024 to Sep 2024
Actelis Networks (NASDAQ:ASNS)
Historical Stock Chart
From Sep 2023 to Sep 2024