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FREMONT, Calif. - Actelis Networks, Inc. (NASDAQ:ASNS), currently trading at $0.42 per share with a market capitalization of $4.73 million, has received an order valued at approximately $100,000 from a major German city to upgrade its urban infrastructure networking capabilities, according to a press release issued Friday. InvestingPro analysis indicates the company is currently trading below its Fair Value.
The project will implement Layer 2 encryption technology to connect hundreds of urban infrastructure sites throughout the metropolitan area. Actelis will deploy its hybrid fiber-copper networking solutions with zero touch provisioning capabilities to support the city’s smart infrastructure expansion. With revenue of $5.26 million in the last twelve months and a gross profit margin of 50.58%, the company faces challenges in scaling its operations.
This order follows Actelis’ recent deployments in Germany, Italy, and Nordic countries, indicating growing adoption of the company’s technology in European smart city applications.
"We’re proud to partner with this advanced and forward-thinking city in Germany as they upgrade their smart city with secure, high-performance networking infrastructure," said Tuvia Barlev, Chairman and CEO of Actelis.
The solution allows municipalities to achieve high-performance connectivity while utilizing existing copper infrastructure, which can reduce deployment time and costs compared to new fiber installation. The system includes 256-bit encryption for security protection and features that streamline device deployment across distributed urban environments.
European cities are increasingly seeking secure networking solutions that can efficiently connect urban infrastructure while providing protection for municipal systems, according to the company statement.
Actelis Networks specializes in hybrid fiber-copper networking solutions for government, intelligent transportation systems, military, utility, rail, telecom, and campus networks.
In other recent news, Actelis Networks announced it has entered into a definitive agreement to raise approximately $1.6 million through the immediate exercise of certain outstanding warrants. This move involves the purchase of 4,270,197 shares of common stock at a reduced exercise price of $0.37 per share. Additionally, the company secured a $0.5 million order from the Federal Aviation Administration to provide advanced hybrid-fiber networking solutions for air traffic control infrastructure modernization. Actelis Networks also initiated an operational restructuring to cut expenses by about 20% by the end of 2025, focusing on profitable growth areas and streamlining operations. The restructuring plan includes AI implementation, outsourcing, and offshoring to reduce costs. Furthermore, the company appointed Mark DeVol as Chief Revenue Officer Americas, bringing over 30 years of experience in defense, government, and telecommunications sectors. These developments are part of Actelis Networks’ ongoing efforts to strengthen its financial and operational position.
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