Actelis Announces Strategic Partnership to Launch AI-Powered Cybersecurity SaaS for IoT Networks
19 Agosto 2024 - 3:05PM
Actelis Networks, Inc. (NASDAQ: ASNS) (“Actelis” or the “Company”),
a market leader in cyber-hardened, rapid deployment networking
solutions for IoT applications, today announced a strategic
partnership with an advanced cybersecurity provider to develop and
deliver a novel, AI-Powered SaaS offering, under Actelis’ ‘Cyber
Aware Networking’ initiative. This software, designed as an
intelligence layer integrated into Actelis’ networking devices,
leverages the network’s power and proximity to IoT devices to
monitor and protect physical assets such as cameras, sensors, and
other devices at the edge, enabling corrective actions before
issues propagate throughout the network.
Actelis’ ‘Cyber Aware Networking’ enhances the security,
efficiency, and operational continuity of IoT networks by providing
enterprise-grade AI Asset Intelligence & Threat Management
capabilities delivered directly through the network. Actelis will
launch this patented AI-powered cybersecurity software into its
already robust, DoD-certified networking solutions, which will
enhance Actelis' offer of comprehensive, secure, and scalable IoT
connectivity solutions, particularly for critical infrastructure
applications such as local and federal government networks, utility
providers, intelligent transportation, and airports.
“With tens of thousands of Actelis devices deployed worldwide in
critical IoT networks, data security is paramount,” said Tuvia
Barlev, Chairman and CEO of Actelis. “By adding an additional layer
of protection to our customers’ operational environments, we’re
offering a powerful platform that not only detects and reports
cyber-attacks and operational faults but also enables immediate,
actionable responses by the communication network before these
issues escalate. This move extends our focus beyond hardening
network security to include the cybersecurity of devices at the
most vulnerable points—the edge of the network.”
The increasing volume of cyber-attacks on IoT devices highlights
the need for enhanced security measures. According to a study by
the Ponemon Institute, 63% of organizations expect the volume of
IoT attacks to increase significantly. Actelis' new solution
addresses these challenges by providing comprehensive visibility,
monitoring, and threat detection capabilities for IoT networks.
Leveraging AI and machine learning at its core, the ‘Cyber Aware
Networking’ architecture offers advanced threat detection and
mitigation that is easy to deploy, quick to adapt, and scalable to
large networks. This collaboration aligns with Actelis’ strategic
focus on expanding its market presence in the IoT sector and
demonstrates the company’s commitment to addressing the evolving
cybersecurity needs of its clients through its vision of ‘Cyber
Aware Networking’ and increasing its recurring software revenues.
As the IoT market continues to grow, the demand for secure and
resilient networking solutions becomes increasingly critical.
Actelis’ integrated solution is well-positioned to meet this need,
providing enhanced protection and reliability for IoT networks.
The global IoT security market is projected to reach $306
billion by 20321, driven by the increasing adoption of IoT devices
and the growing number of cyber-attacks. Actelis is focusing on
industries most affected by these threats, such as government,
energy, and transportation sectors, paving the way for the success
of this new offering. IoT edge devices are currently lagging in
protection compared to IT networks, creating a significant
opportunity for Actelis.
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 Contact:ARX | Capital Markets
AdvisorsNorth American Equities Deskactelis@arxadvisory.com
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1 Based on a report by Acumen Research and Consulting:
https://www.acumenresearchandconsulting.com/iot-security-market
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