Actelis Networks secures $0.3 million cybersecurity software order

FREMONT, Calif. - Actelis Networks, Inc. (NASDAQ:ASNS), a technology company with trailing twelve-month revenue of $5.26 million and currently trading near its 52-week low, has received a $0.3 million order for cybersecurity software and services from a major telecommunications carrier in Southern Europe, according to a press release statement issued Wednesday. According to InvestingPro data, the company maintains a healthy gross margin of 50.58% despite challenging market conditions.

The order focuses on cybersecurity enhancements for one of Actelis’ larger global installations, which currently supports thousands of network elements for business, government, and mobile backhaul applications.

The agreement includes upgrades to the carrier’s MetaAssist Element Management Software system, security enhancements to embedded software, and comprehensive support services. The order is partly driven by new cybersecurity standards imposed across the carrier’s parent global telecommunications group.

"This significant order for a long-standing customer reinforces the trust major telecommunications providers place in our technology and services," said Tuvia Barlev, Chairman and CEO of Actelis.

Actelis will assist in identifying potential vulnerabilities and implementing security measures to ensure the customer’s networks remain secure and compliant with enhanced cybersecurity requirements.

The company’s MetaAssist EMS provides a platform for secure remote monitoring, management, and provisioning of network devices, with features including automated configuration capabilities and network status monitoring.

Actelis Networks describes itself as a provider of hybrid fiber-copper networking solutions for wide-area IoT applications in sectors including government, transportation, military, utility, rail, telecom, and campus networks. For detailed analysis of Actelis Networks’ financial health, growth prospects, and comprehensive valuation metrics, investors can access the full Pro Research Report available on InvestingPro, which covers over 1,400 US stocks with expert insights and actionable intelligence.

In other recent news, Actelis Networks has secured a $0.5 million order from the Federal Aviation Administration to provide advanced hybrid-fiber networking solutions for air traffic control infrastructure modernization. This order is part of a larger initiative supported by $12.5 billion in funding from Congress. Additionally, the company has announced a definitive agreement to raise approximately $1.6 million through the immediate exercise of certain outstanding warrants at a reduced price.

In Germany, Actelis Networks received an order valued at approximately $100,000 to upgrade urban infrastructure networking capabilities with Layer 2 encryption technology. The company is also undergoing an operational restructuring aimed at reducing expenses by about 20% by the end of 2025, focusing on profitable growth areas. As part of its strategic changes, Actelis Networks has appointed Mark DeVol as Chief Revenue Officer Americas. DeVol brings extensive experience from his previous role as Vice President of Federal Sales for Ericsson Enterprise Wireless Solutions.

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