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FREMONT, Calif. - Actelis Networks, Inc. (NASDAQ:ASNS), a micro-cap networking solutions provider currently trading near its 52-week low at $0.53, has received a new order for its GigaLine technology from a member of a large Pan European Telecom Group, the company announced Thursday. According to InvestingPro data, the company has shown impressive revenue growth of 73% over the last twelve months.
The order focuses on supporting mobile base station backhaul requiring gigabit communication over long distances, particularly in areas where traditional fiber deployment is impractical or cost-prohibitive.
According to a press release statement, the GigaLine solution enables the carrier to provide gigabit-grade connectivity to remote mobile base stations using existing infrastructure, eliminating the need for costly new fiber deployments.
"European telecom operators are facing demand for mobile infrastructure support as they expand 5G coverage to underserved areas," said Tuvia Barlev, Chairman and CEO of Actelis.
The technology leverages Actelis’ hybrid fiber-copper approach to deliver high-speed connectivity over existing infrastructure, allowing for rapid deployment in challenging rural environments.
The company indicated this order could establish the foundation for potential larger network modernization programs across the carrier’s European service territories.
Actelis Networks specializes in cyber-hardened networking solutions for IoT and broadband applications, with products designed for government, transportation, military, utility, rail, telecom, and campus networks. With a market capitalization of $5.85 million and moderate debt levels, InvestingPro analysis suggests the stock is currently undervalued, though investors should note the company’s ongoing cash burn rate.
In other recent news, Actelis Networks, Inc. announced the closure of a private placement that raised approximately $1 million in gross proceeds. This offering included shares of common stock and warrants to purchase additional shares. Actelis also secured an initial order from a major U.S. telecommunications carrier to provide its GigaLine solutions for multi-dwelling unit connectivity, marking a significant entry into the U.S. telecom market. These GigaLine products are designed to deliver high-speed connectivity without the need for new fiber installations in buildings. Additionally, the company received an order to upgrade railway infrastructure in Northern Ireland using its networking solutions, which will enhance digital operations such as automated signaling and security surveillance.
In a strategic move to expand its presence in the federal market, Actelis appointed Jason Chasse as Director of Federal Sales. Chasse brings extensive experience from previous roles in the technology sector and the Army Intelligence Corps. These developments reflect Actelis Networks’ ongoing efforts to grow its market reach and service capabilities in various sectors.
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