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FREMONT, Calif. - Actelis Networks, Inc. (NASDAQ: ASNS), a micro-cap technology company with a market capitalization of $6.27 million, known for its cyber-hardened networking solutions, has received a new order from a top Japanese distributor and developer of communications and networking equipment. This deal, announced today, marks a further expansion of Actelis’ operations in Japan and aims to support the modernization of critical infrastructure within the country. According to InvestingPro data, the company’s stock has shown significant momentum with a 17.35% return over the past week.
The company’s technology is set to enhance secure connectivity for essential infrastructure applications, including transportation, utilities, and defense networks. Actelis’ solutions are designed to deliver high-speed, secure connectivity, which is vital for the operation of modern infrastructure in various challenging environments. The company has demonstrated strong revenue growth of 38.42% in the last twelve months, maintaining a healthy gross profit margin of 55.03%.
Tuvia Barlev, Chairman and CEO of Actelis, commented on the significance of the order, stating, "This order represents another step in our ongoing business in the Japanese market." He emphasized Japan’s strategic importance to Actelis and highlighted the benefits of their solutions, which can be rapidly deployed over existing infrastructure, offering savings in time and cost for network operators.
Actelis has previously supplied its networking technology for major highway and rail systems across Japan, establishing a strong presence in the region. The company’s collaboration with a long-standing Japanese channel partner has been instrumental in serving customers in the region.
The company’s hybrid-fiber networking solutions are known for achieving fiber-grade performance while utilizing existing wiring infrastructure. This approach significantly cuts down deployment time and costs while simultaneously enhancing network security.
Based on the press release statement, Actelis Networks continues to position itself as a market leader in hybrid fiber-copper, cyber-hardened networking solutions for a wide array of IoT applications. Actelis also emphasizes its commitment to network security and resilience through its AI-based cyber monitoring and protection initiatives. InvestingPro analysis reveals that while the company holds more cash than debt on its balance sheet, it currently faces profitability challenges. Investors seeking deeper insights into Actelis’ financial health and growth prospects can access the comprehensive Pro Research Report, available exclusively to InvestingPro subscribers.
The forward-looking statements in the press release reflect the company’s expectations and are subject to risks, uncertainties, and the possibility of significant fluctuations in their common stock’s trading price. Actelis maintains that while they believe in their strategic plans and goals, there is no assurance that these will be achieved and actual results could differ materially from their projections.
In other recent news, Actelis Networks has announced several new developments that highlight its expanding role in infrastructure modernization. The company secured a contract to upgrade the communications infrastructure for a major Nordic city, enhancing its smart city initiatives with advanced hybrid-fiber networking solutions. This move follows Actelis’ recent projects in various European countries, indicating a growing presence in the region. Additionally, Actelis received an order to modernize the intelligent transportation system in Orange County, California, through its partner Western Systems. This project aims to improve traffic management capabilities with secure and reliable high-speed connectivity.
In the defense sector, Actelis won a $140,000 contract to supply its GigaLine 800 solution for upgrading U.S. military bases, promising rapid deployment and cost savings. The company also secured an order from a major North American railway to support Positive Train Control systems, ensuring safety and reliability in challenging environments. Actelis announced changes to its board of directors, with Julie Kunstler appointed as the new Chair of the Compensation Committee. These developments reflect Actelis’ ongoing efforts to enhance its networking solutions across various sectors, emphasizing security and efficiency.
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