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FREMONT, Calif. - Actelis Networks, Inc. (NASDAQ:ASNS), a micro-cap networking solutions provider with a market capitalization of $8.7 million, announced today that it has received a significant order from a major North American railway to enhance rail safety systems. According to InvestingPro data, the company has demonstrated strong revenue growth of 38% in the last twelve months, despite its stock declining about 27% over the past six months. The technology is intended to support Positive Train Control (PTC) systems, which aim to prevent train accidents and promote safety across challenging sections of railway tracks.
The PTC technology is an advanced system designed to prevent collisions and derailments caused by excessive speed or misaligned switches, particularly vital for railways operating in remote and harsh environments. Actelis’ networking solutions are being chosen for their ability to deliver high-performance connectivity through existing infrastructure and withstand extreme weather conditions, ensuring uninterrupted service.
Tuvia Barlev, Chairman and CEO of Actelis, highlighted the importance of reliable safety systems for the railway industry, which often faces environmental and operational challenges such as avalanches and severe weather. He pointed out that Actelis’ technology enables rapid deployment without the need for extensive new wiring, providing fiber-grade performance and military-grade security over existing copper infrastructure. The company maintains a healthy gross profit margin of 55% and holds more cash than debt on its balance sheet, according to InvestingPro analysis, which offers 12 additional key insights about the company’s financial health.
The order reflects the ongoing industry-wide implementation of PTC systems across North American rail networks. Actelis’ approach combines hybrid-fiber networking technology, which maximizes bandwidth and incorporates wireless and fiber connections to ensure network redundancy, a critical factor for safety systems that require zero downtime.
Actelis Networks specializes in hybrid fiber-copper networking solutions for a wide array of applications, including government, transportation, and utility sectors. Its portfolio is designed to offer fiber-grade performance while maintaining cost-efficiency and flexibility, bolstered by its Cyber Aware Networking initiative that enhances security and network resilience.
This information is based on a press release statement from Actelis Networks, Inc. No endorsement of the company’s claims is implied.
In other recent news, Actelis Networks reported a notable increase in its financial performance for the fourth quarter of 2024, with revenue rising by 38% to $7.8 million. This growth was largely driven by a 134% surge in North American sales. The company also managed to reduce its operating expenses by 13%, leading to a 49% decrease in operating loss. Actelis Networks introduced new products, such as the MetaShield cybersecurity solution, and is focusing on strategic initiatives for further growth. Analysts noted the company’s efforts to enhance operational efficiency and expand in key markets, including federal and IoT sectors. During the earnings call, Actelis highlighted its strong position in the federal market, particularly after achieving significant growth in military sector orders. The company is also exploring selective debt facilities to support its growth plans while minimizing equity dilution. Actelis Networks anticipates continued expansion in its core markets, aiming to strengthen its recurring revenue streams.
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