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FREMONT, Calif. - Actelis Networks, Inc. (NASDAQ:ASNS), a microcap technology company with a market value of $5.9 million, has received an initial order from a major U.S. telecommunications carrier for its GigaLine connectivity solutions targeting multi-dwelling units (MDUs), according to a press release statement issued Tuesday. According to InvestingPro data, the company has achieved impressive revenue growth of 73% over the last twelve months, despite challenging market conditions.
The order includes the company’s GigaLine 800 and GigaLine 900 products, which are designed to deliver high-speed connectivity to apartments and condominiums without requiring new fiber installation inside buildings.
This marks Actelis’ first deployment with a major telecommunications carrier in the United States. The company’s technology aims to provide connectivity solutions that avoid the costs and delays associated with installing new fiber in building walls.
"This initial order from a major US carrier represents an important milestone in our MDU market strategy," said Tuvia Barlev, Chairman and CEO of Actelis.
The order was facilitated through Actelis’ partnership with Netceed, a telecommunications infrastructure solutions provider.
The MDU market includes approximately 23 million apartment buildings in the United States. Actelis notes that its GigaLine 900 solution operates with power efficiency of less than 5 watts.
Actelis Networks describes itself as a provider of hybrid fiber-copper networking solutions for various applications including government, transportation, military, utility, rail, telecom, and campus networks.
The company’s stock trades on the Nasdaq under the ticker symbol ASNS at $0.64 per share. InvestingPro analysis suggests the stock may be undervalued at current levels, with additional insights available in the comprehensive Pro Research Report, which provides deep-dive analysis of over 1,400 US stocks.
In other recent news, Actelis Networks, Inc. announced several significant developments across different regions. The company has secured a new order to enhance railway infrastructure in Northern Ireland, facilitated by the Kenton Group, which will modernize and digitize rail operations with Actelis’ technology. Additionally, Actelis has won a contract to upgrade the communications infrastructure of a major Nordic city, advancing its smart city initiatives with hybrid-fiber solutions. In Japan, Actelis received an order from a leading distributor to support the modernization of critical infrastructure, further expanding its operations in the country.
Actelis also received a new order to modernize the intelligent transportation system infrastructure in Orange County, California, through its partner Western Systems. This deployment aims to improve traffic management capabilities and enhance connectivity for over 3 million residents. Furthermore, Actelis is accelerating its federal market expansion with the appointment of Jason Chasse as Director of Federal Sales, focusing on federal and military markets. The company has established relationships within the defense community, with deployments across military installations.
These developments highlight Actelis’ growing presence in various sectors, including transportation, smart city projects, and defense, emphasizing its commitment to enhancing network security and resilience. The company’s technology continues to be adopted for critical infrastructure modernization, leveraging existing infrastructure to reduce deployment time and costs.
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