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FREMONT, Calif. - Actelis Networks, Inc. (NASDAQ: ASNS), a provider of cyber-hardened networking solutions, has secured new orders worth $140,000 to supply its GigaLine 800 (GL800) solution to modernize U.S. military bases. The micro-cap company, currently valued at $8.1 million and showing strong revenue growth of 38% in the last twelve months, announced today its collaboration with Communication Construction Services (CCS) and a major Military carrier to deliver these upgrades. According to InvestingPro analysis, Actelis appears undervalued based on its Fair Value calculations.
The GL800 is designed to provide immediate gigabit-speed connectivity over existing wiring, which allows for rapid deployment and cost savings compared to traditional fiber installations. This solution is set to enhance the infrastructure of Army, Navy, and Air Force installations, offering improved internet access, communications, and support for smart IoT devices. While the company maintains a healthy current ratio of 1.51 and holds more cash than debt on its balance sheet, InvestingPro data reveals the company is rapidly burning through its cash reserves.
According to Tuvia Barlev, Chairman and CEO of Actelis, the GL800 enables network modernization within hours or days, a substantial improvement over the months typically required for new fiber installations. The technology boasts Department of Defense-certified security with JITC FIPS certification and is capable of reliable performance even in challenging environmental conditions.
The order comes as part of Actelis’ ongoing efforts to serve the defense and government sectors, where its solutions are increasingly used for various applications, including barracks connectivity and surveillance systems. Actelis has been recognized as a trusted provider for mission-critical defense networking, with its placement on the Department of Defense Information Network (DoDIN) Approved Products List and certifications from both the Joint Interoperability Test Command (JITC) and the National Institute of Standards and Technology (NIST) for FIPS standards.
Actelis Networks continues to focus on offering hybrid fiber-copper, cyber-hardened networking solutions for rapid deployment in wide-area IoT applications across multiple sectors. The company also emphasizes its Cyber Aware Networking initiative, which includes AI-based cyber monitoring and protection to enhance network security and resilience.
This announcement is based on a press release statement and reflects the company’s current projects and collaborations in the field of defense infrastructure modernization. Investors seeking deeper insights into Actelis Networks’ financial health, including 12 additional ProTips and comprehensive valuation metrics, can access the full analysis through InvestingPro’s detailed research report, part of its coverage of over 1,400 US equities.
In other recent news, Actelis Networks reported a notable increase in its financial performance for Q4 2024, with revenue rising by 38% to $7.8 million, primarily driven by a 134% increase in North American sales. The company also achieved a 13% reduction in operating expenses, contributing to a 49% decrease in operating loss. Actelis introduced new products, including the MetaShield cybersecurity solution, as part of its strategic initiatives for future growth. Additionally, Actelis Networks received a significant order from a major North American railway to enhance its Positive Train Control systems, which are crucial for preventing train accidents. This order underscores Actelis’ role in supporting railway safety through its high-performance networking solutions. The company is also exploring selective debt facilities to support its growth plans, as mentioned by CEO Tuvia Barlev. Actelis Networks is focusing on expanding its presence in the federal, IoT, and multi-dwelling unit markets. These developments highlight the company’s ongoing efforts to strengthen its market position and financial stability.
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