Actelis Receives Software and Service Contract Renewal of Nearly $1.5 Million From Major North American Customer
15 Julio 2024 - 7:30AM
Actelis Networks, Inc.
(NASDAQ:ASNS) (“Actelis” or
the “Company”), a market leader in cyber-hardened, rapid deployment
networking solutions for IoT applications, today announced that it
has received an approximately $1.5 million software and service
order from a major customer based in North America. Recently,
Actelis announced significant critical IoT infrastructure wins in
the military and energy sectors as well as in the intelligent
transportation space. This new order showcases Actelis’ ability to
support critical large-scale networks with a powerful management
system and first-class technical support.
This agreement provides software and support for
a large network across several states. The core of the agreement is
licensed access to Actelis’ Element Management Software System
(EMS), a highly scalable platform that provides a host of tools to
remotely and securely monitor and manage network devices, and
remotely provision new devices for fast deployment. Actelis’ EMS
solution enables fast “time to service” with automated
configuration and software upgrades, as well as offering robust
configuration management, helping customers easily manage
inventory, firmware, and software backups. EMS also gives customers
all the tools they need to monitor the status of their networks
including real-time event notifications, email alerts, and a wide
range of reports.
Actelis’ EMS supports a variety of network
configurations including ring, star, and drop and continue, and
gives clients multiple interfaces with which to manage their
network, such as network tree and topology map views. The system
can be easily integrated with third party network management
systems to give customers even more flexibility to monitor and
support their networks.
In addition to EMS, the agreement provides the
customer with technical support from Actelis’ expert technical
team, as well as extended warranty services.
“Once again, this renewal agreement demonstrates
the trust that major customers have in us, and the value we bring
to their operation,” said Tuvia Barlev, Chairman and CEO of
Actelis. “Our software technology and best-in-class customer
service has allowed us to achieve high customer satisfaction for
some of the largest critical network operators around the
world.”
About Actelis Networks, Inc.
Actelis Networks, Inc. (NASDAQ: ASNS) is a
market leader in cyber-hardened, rapid-deployment networking
solutions for wide-area IoT applications including federal, state
and local government, ITS, military, utility, rail, telecom and
campus applications. Actelis’ unique portfolio of hybrid
fiber-copper, environmentally hardened aggregation switches, high
density Ethernet devices, advanced management software and
cyber-protection capabilities, unlocks the hidden value of
essential networks, delivering safer connectivity for rapid,
cost-effective deployment. For more information, please visit
www.actelis.com.
Forward-looking Statements
This press release contains certain
forward-looking statements within the meaning of the safe harbor
provisions of the Private Securities Litigation Reform Act of 1995.
These statements are identified by the use of the words "could,"
"believe," "anticipate," "intend," "estimate," "expect," "may,"
"continue," "predict," "potential," "project" and similar
expressions that are intended to identify forward-looking
statements. All forward-looking statements speak only as of the
date of this press release. You should not place undue reliance on
these forward-looking statements. Although we believe that our
plans, objectives, expectations and intentions reflected in or
suggested by the forward-looking statements are reasonable, we can
give no assurance that these plans, objectives, expectations or
intentions will be achieved. Forward-looking statements involve
significant risks and uncertainties (some of which are beyond our
control) and assumptions that could cause actual results to differ
materially from historical experience and present expectations or
projections. Actual results to differ materially from those in the
forward-looking statements and the trading price for our common
stock may fluctuate significantly. Forward-looking statements also
are affected by the risk factors described in the Company's filings
with the U.S. Securities and Exchange Commission. Except as
required by law, we undertake no obligation to update or revise
publicly any forward-looking statements, whether as a result of new
information, future events or otherwise, after the date on which
the statements are made or to reflect the occurrence of
unanticipated events.
Media Contact:Sean Renn Global VP Marketing
& Communicationssrenn@actelis.com
Investor Relations Contact:Actelis Networks,
Inc.ASNS@actelis.com
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