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FREMONT, Calif. - Actelis Networks, Inc. (NASDAQ: ASNS), a micro-cap technology company with a market capitalization of $4.77 million, has received a new order through its partner Western Systems to modernize the intelligent transportation system (ITS) infrastructure in Orange County, California. The technology provided by Actelis will enhance high-speed connectivity for traffic management across the county, which is home to over 3 million residents and has one of the busiest transportation networks in the United States. The company has shown strong revenue growth of 38.42% in the last twelve months, according to InvestingPro data, which offers comprehensive analysis and 13 additional key insights about the company's performance.
The deployment of Actelis' networking solutions is set to rapidly improve traffic management capabilities in Orange County, ensuring secure and reliable operations vital for critical infrastructure. Actelis' hybrid-fiber technology aims to deliver fiber-grade performance while utilizing existing infrastructure, which can lead to significant cost and time savings during deployment. The company's solutions are designed to be cyber-hardened, capable of withstanding challenging roadside conditions and providing strong security against emerging threats. With a healthy gross profit margin of 55.03% and more cash than debt on its balance sheet, as revealed by InvestingPro's detailed financial analysis, the company appears positioned to support its operational expansion.
This order adds to Actelis' growing presence in the ITS market, following recent implementations in Washington D.C., Seattle, and Ventura County. The increasing use of Actelis' technology by U.S. transportation authorities highlights the company's role in supporting smart city initiatives and modernizing infrastructure.
Actelis Networks, Inc. specializes in hybrid fiber-copper, cyber-hardened networking solutions that cater to a wide range of applications such as government, military, utilities, telecom, and campus networks. The company's portfolio is designed to offer the advantages of fiber networks with the flexibility and cost-effectiveness of hybrid systems. Additionally, Actelis emphasizes network security and resilience through its AI-based cyber monitoring and protection for edge devices.
The information in this article is based on a press release statement from Actelis Networks, Inc. It should be noted that forward-looking statements in the press release involve risks and uncertainties, and actual results may differ from those projected. Actelis Networks has not provided specific financial details or the expected timeline for the Orange County ITS modernization project.
In other recent news, Actelis Networks reported a 38% increase in revenue for Q4 2024, reaching $7.8 million, with North American sales experiencing a substantial 134% rise. The company also managed to decrease its operating expenses by 13%, contributing to a 49% reduction in operating loss. Actelis Networks has secured a $140,000 contract to supply its GigaLine 800 solution to U.S. military bases, enhancing connectivity and infrastructure. Additionally, the company received a significant order from a major North American railway to support Positive Train Control systems, aimed at improving rail safety.
Actelis Networks announced changes to its board of directors, with Julie Kunstler appointed as Chair of the Compensation Committee. The company is focusing on strategic initiatives, including the launch of its MetaShield cybersecurity solution, to drive future growth. Actelis Networks emphasizes its Cyber Aware Networking initiative, integrating AI-based cyber monitoring to enhance network security. The company continues to explore selective debt facilities to support its growth plans while minimizing equity dilution. These developments reflect Actelis Networks' ongoing efforts to strengthen its market position and expand its offerings in the defense, IoT, and multi-dwelling unit sectors.
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