FREMONT, Calif. - Actelis Networks, Inc. (NASDAQ: ASNS), a micro-cap technology company with a market value of $6.44 million and impressive revenue growth of 38% in the last twelve months, today announced a new order to enhance railway infrastructure in Northern Ireland. The order, facilitated by the Kenton Group, aims to modernize and digitize rail operations using Actelis’ technology. According to InvestingPro data, the company maintains a healthy gross profit margin of 55%.
The deployment of Actelis’ networking solutions along the railway will support various digital operations. These include automated signaling systems, real-time asset monitoring, advanced security surveillance, and intelligent train control. The company’s technology will leverage existing rail infrastructure, reducing both costs and time for deployment. InvestingPro analysis reveals that Actelis holds more cash than debt on its balance sheet, though it’s currently experiencing rapid cash burn - one of 12 key insights available to Pro subscribers.
Tuvia Barlev, Chairman and CEO of Actelis, expressed satisfaction with the company’s expansion in the UK and Ireland’s rail transportation sector. He highlighted the ability of Actelis’ hybrid-fiber solutions to digitize and secure railway infrastructure, thereby enhancing safety and passenger services.
Actelis’ networking technology is engineered to meet the stringent demands of modern railway systems, providing robust digital infrastructure. This infrastructure is essential for the complex automated control systems, predictive maintenance, and security applications that characterize contemporary rail operations.
This new order follows Actelis’ recent projects in North America, Europe, and Asia, marking an increase in the company’s presence in the intelligent transportation sector. While the company’s stock has shown strong momentum with a 30% return over the past year, its shares currently trade at $0.76, significantly below their 52-week high of $4.60. Its cyber-hardened technology has been increasingly adopted in critical infrastructure modernization where reliability, security, and quick deployment are vital. For detailed analysis and valuation metrics, investors can access the comprehensive Pro Research Report available on InvestingPro.
Actelis Networks, Inc. specializes in rapid deployment networking solutions for a broad range of IoT applications. The company’s portfolio offers the performance of fiber with the cost-efficiency and flexibility of hybrid fiber-copper networks. Actelis also focuses on enhancing network security and resilience through its Cyber Aware Networking initiative, which includes AI-based cyber monitoring and protection.
The information in this article is based on a press release statement from Actelis Networks, Inc.
In other recent news, Actelis Networks has announced several significant developments. The company has secured a new order from a major Japanese distributor to enhance secure connectivity for critical infrastructure in Japan, marking an expansion of its operations in the region. In the Nordic region, Actelis has won a contract to upgrade the communications infrastructure of a major city, furthering its presence in Europe. Additionally, Actelis has received an order to modernize the intelligent transportation system in Orange County, California, through its partner Western Systems, highlighting its growing role in the U.S. transportation sector.
Actelis also announced securing a $140,000 contract for upgrading U.S. military bases with its GigaLine 800 solution, designed for rapid deployment and cost savings. The company emphasizes the Department of Defense-certified security features of this technology. In corporate governance news, Actelis has made changes to its board of directors, with Israel Niv retiring and Julie Kunstler and Gideon Marks taking on new roles in the Compensation and Governance Committees. These developments underscore Actelis’ ongoing commitment to expanding its market presence and strengthening its leadership structure.
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