In The News

Actelis Networks, Inc. Announces Closing of Initial Public Offering and Partial Exercise of Over-Allotment Option by Underwriter

FREMONT, Calif., May 17, 2022 (GLOBE NEWSWIRE) — Actelis Networks, Inc. (NASDAQ: ASNS) (“Actelis” or the “Company”), a provider of cyber-hardened, rapid-deployment networking solutions for wide-area IoT networks, today announced the closing of its upsized underwritten initial public offering of an aggregate of 4,212,500 shares of common stock, including the partial exercise by the underwriter of its option to purchase 462,500 additional shares of common stock, at a price to the public of $4.00 per share. The net proceeds from the offering, including the over-allotment, to Actelis were approximately $15.4 million, after deducting underwriting discounts and commissions and estimated offering expenses payable by Actelis. The Company intends to use the proceeds primarily

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Actelis Networks, Inc. Announces Pricing of its Initial Public Offering

FREMONT, Calif., May 13, 2022 (GLOBE NEWSWIRE) — Actelis Networks, Inc. (NASDAQ:ASNS) (“Actelis” or the “Company”), a provider of cyber-hardened, rapid-deployment networking solutions for wide-area IoT networks, today announced the pricing of its initial public offering of 3,750,000 shares of its common stock (the “Common Stock”) at a public offering price of $4.00 per share, for aggregate gross proceeds of $15.0 million, prior to deducting underwriting discounts, commissions, and other offering expenses. Boustead Securities, LLC (“Boustead”) is acting as the sole underwriter for the offering. The shares of Common Stock are expected to begin trading on The Nasdaq Capital Market as of today, May 13, 2022, under the symbol “ASNS”. In addition,

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Actelis to Win 1st Place for NA in IEEE ComSoc Internet for All Competition

Feb. 2022, Fremont CA – At the end of 2021 IEEE ComSoc initiated a competition for solutions that can help close the Digital Divide and provide Internet to all. As ComSoc defined it, the “Digital Divide” is the gap between those who are able to benefit from the digital age and those who are not. The absence of connectivity is not merely a technological barrier, but one that affects access to healthcare, education, social services, work, and participation in global and local economies. A similar problem exists with local infrastructure. Internet providers may not be focused on deploying the infrastructure necessary to bring services to all rural homes and villages.

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Ease of Deployment and Management with Actelis’ MetaASSIST EMS Advanced Layer-1 Topology View

Dec 2021, Fremont CA – Actelis Networks, the market leader in cyber-hardened, hybrid fiber-copper networking solutions for wide-area IoT applications, introduces its advanced Layer1 (L1) Topology View integrated with its MetaASSIST EMS platform. L1 Topology View allows Actelis’ customers across the board – Telco, utility, cities, government, military, and rail – to expand and extend their network to significantly simplify deployment, management, and monitoring of complex network topologies.  The L1 Topology View is one of the major features offered as part of Actelis’ new MetaASSIST EMS 4.0 version, complementing the ‘Tree View’ which was supported in previous versions. The L1 Topology View allows MetaASSIST EMS clients to view the network

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Actelis Networks Names Jan Ruderman as Chief Revenue Officer, Americas

Dec. 1, 2021, Fremont, California — Actelis Networks, the market leader in cyber-hardened, hybrid fiber-copper networking solutions for wide-area IoT applications, appointed Jan Ruderman as chief revenue officer to lead the Americas sales and support team. Ruderman brings a 30-year success record in scaling high growth organizations with strong expertise in regulated industries. At Actelis, his focus is leading a strategic growth initiative into Federal, and (SLED) State, Local Government and Education markets to fill the historic mandate to modernize, digitize and protect communications infrastructures, while continuing to grow the company’s global telecom base. Jan previously worked 20 years with Panasonic where he served as head of government sales and

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Actelis Networks Introduces ML570D: Actelis’ High Density Compact DIN Rail 10GE Switch

Nov 2021, Fremont CA – Actelis Networks, the market leader in cyber-hardened, hybrid fiber-copper networking solutions for wide-area IoT applications, announces general availability of its ML570D –  a high density compact Industrial Din Rail 10GE switch. Recognizing the need for higher bandwidth in the access network, the ML570Dx joins Actelis’ hybrid portfolio of fiber and bonded copper product lines, allowing Actelis customers to easily expand and extend their fiber networks using 10G interfaces. The ML570D is part of Actelis’ DIN Rail family of access switches designed for industrial, intelligent traffic network, surveillance, pipeline, and utility applications. The ML570D is a cost-optimized, managed 10G switch supporting multiple ten and one gigabit

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Actelis Solution Deployed by a Major German Energy Provider

October 2021, Fremont CA – Actelis Networks, the market leader in cyber-hardened, hybrid fiber-copper networking solutions for wide-area IoT applications, is delighted to announce that a large European energy provider has chosen Actelis to upgrade their network and provide connectivity to thousand of sensors. The Challenge The customer was looking to upgrade its large and widely spread utility network, mainly constructed of old copper infrastructure connecting all locations. Some areas of the network suffer from extremely low quality bad copper resulting in very low reliability and significantly low and insufficient bandwidth to support its communication needs. Many locations had a single copper line available to support the required communication. Main Requirements

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