FREMONT, Calif. - Actelis Networks, Inc. (NASDAQ:ASNS), a micro-cap networking solutions provider currently trading at $1.02 per share, today unveiled MetaShield, its latest Cyber Aware Networking product, marking a strategic advancement in the company's portfolio expansion and shift towards a SaaS business model. According to InvestingPro analysis, the company appears undervalued despite recent market challenges. The product aims to enhance network security and operational continuity within IoT and critical infrastructure networks by integrating advanced threat detection and response capabilities.
MetaShield is engineered to provide continuous monitoring and real-time protection, especially focusing on network edges where vulnerabilities are often greatest. The product's launch follows positive industry feedback during its pre-launch phase and is expected to contribute to Actelis' growth through additional recurring revenue streams and by differentiating its networking solutions. The company has demonstrated revenue growth of 8.31% over the last twelve months, though InvestingPro data indicates rapid cash burn remains a concern.
Tuvia Barlev, Chairman and CEO of Actelis, emphasized the importance of MetaShield in addressing the complex security challenges faced by interconnected critical infrastructure systems. The solution combines cybersecurity with the company's hybrid-fiber networking technology, offering robust protection that is effective at the network's edge.
The integration of MetaShield with Actelis' existing products facilitates rapid deployment without significant infrastructure overhauls, which is crucial for sectors like government, defense, transportation, and utilities that require both speed and security. Features of the product include real-time anomaly detection, AI-driven threat mitigation, and automated network responses to ensure uninterrupted operations.
Actelis Networks, Inc. specializes in hybrid fiber-copper, cyber-hardened networking solutions for a wide range of applications, including government, transportation, and utility networks. The company's "Cyber Aware Networking" initiative focuses on AI-based cyber monitoring and protection for edge devices to enhance network security and resilience.
This news article is based on a press release statement from Actelis Networks, Inc. The forward-looking statements in the press release reflect the company's aspirations and are subject to risks and uncertainties that could cause actual results to differ. With a gross profit margin of 55.22% and a current ratio of 1.42, the company maintains a stable operational foundation despite challenges. For deeper insights into Actelis Networks' financial health and 12 additional exclusive ProTips, visit InvestingPro. Actelis does not assume any obligation to update these forward-looking statements, even if new information becomes available in the future.
In other recent news, Actelis Networks has secured multiple new orders for its networking solutions, including from the Washington DC Department of Transportation (DDOT), a major German municipality, a U.S. aerial transportation agency, and an Italian motorways operator. The company's technology, which enhances network infrastructure for improved traffic management and security, has been instrumental in these developments. Actelis has also exercised Series A-2 warrants for approximately 999,670 shares of common stock, expected to generate around $2.25 million, ensuring its continued presence on the Nasdaq exchange.
In addition to its networking solutions, Actelis Networks is enhancing its cybersecurity offerings, developing an AI-powered Software (ETR:SOWGn) as a Service (SaaS) product as part of its 'Cyber Aware Networking' initiative. This service aims to provide real-time threat identification and protection for IoT networks. However, the company has terminated a term sheet for a potential acquisition of Quality Industrial Corp. These are the recent developments in Actelis Networks' operations.
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