Actelis Networks expands board with new independent director

FREMONT, Calif. - Actelis Networks , Inc. (NASDAQ:ASNS), a leader in networking solutions for IoT and broadband applications with a current market capitalization of $8 million, has announced the appointment of Julie Kunstler as an independent director to its Board of Directors, effective immediately. According to InvestingPro data, the company appears undervalued, with analysts setting a $5 target price versus the current $1.25 trading price. With over thirty years of experience in communications technology and strategic corporate positioning, Kunstler’s addition is expected to bolster Actelis’ strategic direction and governance.

Kunstler’s expertise encompasses executive management, venture capital investment, industry analysis, and board governance. Her recent role as Chief Analyst for the Broadband Access Intelligence Service at Omdia highlights her deep understanding of the fixed broadband access industry ecosystem. Moreover, her contributions to the sector were recognized with the Fiber Lifetime Achievement Award by the Fiber Broadband Association in July 2024. InvestingPro analysis shows Actelis maintaining solid revenue growth of 8.31% and an impressive gross margin of 55.22%, though investors should note the company is actively managing its cash position.

Kunstler, who also serves on the board of Ethernity Networks Ltd., expressed her enthusiasm for joining Actelis, citing the growing demand for secure, broadband access networking solutions in various sectors. She is poised to contribute to the company’s growth and success, leveraging her experience in corporate strategy and network infrastructure.

Actelis’ Chairman and CEO, Tuvia Barlev, welcomed Kunstler’s strategic vision and extensive expertise, which he believes will be instrumental in strengthening the company’s position in cyber-hardened hybrid-fiber networking solutions.

The company, known for its hybrid fiber-copper, cyber-hardened networking solutions, aims to deliver fiber-grade performance with the cost-efficiency of hybrid networks. Its "Cyber Aware Networking" initiative underscores its commitment to AI-based cyber monitoring and protection for edge devices, enhancing network security and resilience. For deeper insights into Actelis’ financial health and growth prospects, InvestingPro subscribers have access to over 30 additional financial metrics and exclusive analysis tools.

Kunstler’s appointment aligns with Actelis’ mission to innovate in secure networking solutions globally and reflects the company’s commitment to diversifying its board with deep industry knowledge. Her detailed bio is available in the company’s latest filings with the Securities and Exchange Commission (SEC) on form 8-K.

This announcement is based on a press release statement from Actelis Networks, Inc.

In other recent news, Actelis Networks unveiled MetaShield, a new cybersecurity solution aimed at enhancing network security and operational continuity within IoT and critical infrastructure networks. This product launch signifies a strategic advancement in Actelis’ portfolio expansion and shift towards a SaaS business model. The product, which integrates advanced threat detection and response capabilities, is expected to contribute to Actelis’ growth through additional recurring revenue streams.

In a parallel development, Actelis Networks secured additional orders from the Washington DC Department of Transportation (DDOT) to upgrade the city’s network infrastructure for improved traffic flow and safety. This initiative builds on a prior $2.3 million project and leverages Actelis’ expertise in cyber-hardened, rapid deployment networking.

Both developments highlight Actelis’ commitment to robust network connectivity and security. The company’s CEO, Tuvia Barlev, underscored the importance of these advancements in addressing complex security challenges and traffic management systems. These are recent developments, and as with any forward-looking statements, they are subject to risks and uncertainties.

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