Actelis’ Board of Directors Appoints Co-founder Tuvia Barlev as Executive Chairman, Following CEO Departure

FREMONT, Calif., October 10, 2012—Actelis®, The Broadband Acceleration Company™, today announced that Vivek Ragavan has resigned as president and CEO. As a result, the board of directors has appointed Actelis’ former co-founder and CEO, Tuvia Barlev, to preside over the company’s operations as executive chairman during the search for Ragavan’s replacement. A familiar role for Barlev, he served as president and CEO from 2002 to 2010 and, since then, has served as chairman.

Ragavan joined Actelis in 2010 to further develop the company’s broadband solutions portfolio for business and residential markets. Actelis’ entrée into the residential market in 2011 was a strategic step forward in its ongoing growth efforts, including a successful launch of the award-winning Broadband Accelerator (BBA) for the residential broadband market. During that period, Actelis continued to maintain its #1 global ranking for Ethernet over copper solutions.

About Actelis Networks
Actelis®, The Broadband Acceleration Company™, is the global market leader and innovator in developing unique broadband solutions for telecom service providers, enterprises and municipalities. Deployed by more than 350 customers worldwide, Actelis is accelerating broadband services to businesses and residential subscribers through award-winning products and technologies, including the Broadband Accelerator (BBA), EFMplus™, Dynamic Rate Boost (DRB) and Dynamic Spectral Shaping (DSS). These unique, patented technologies enable service providers to deliver broadband services with the greatest rate, reach and reliability at lower cost over existing copper infrastructure. Actelis® and Actelis Networks® are registered trademarks. The Broadband Acceleration Company™, EFMplus™ and MetaASSIST™ are trademarks of Actelis. All other trademarks used herein are the property of their respective owners.

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