ASNS News & Events

Actelis Networks announced that it has received an approximately $850,000 one-year renewal for software license and services from a leading North American carrier operating a large critical network across multiple states. The renewal covers maintenance, disaster-readiness support, and licensed access to Actelis' Meta-Assist Element Management System, which the customer uses to remotely monitor and manage its network devices. The customer recently migrated to a higher major release of the software. Additionally, the same customer has continued to deploy Actelis' hybrid fiber-copper platforms, including its MetaLIGHT solution for legacy line convergence. "This renewal, is a clear signal that our management software and services continue to be considered essential inside one of the largest and most demanding networks in North America," said Tuvia Barlev, chairman and CEO of Actelis.

Actelis Networks received an order valued at approximately $0.2M from a major telecommunications carrier in Central Europe that is part of a global telecommunications group. The order is for Actelis' GL800 multi-Gigabit hybrid fiber-copper solution, which the carrier will deploy to extend fiber-grade connectivity into multi-dwelling unit buildings to serve Small Office/Home Office customers.

Actelis Networks announced that its common stock has commenced trading on the OTCQB Venture Market operated by OTC Markets Group, effective at the open of business on April 24. The Company's common stock continues to trade under the symbol "ASNS."