Actelis Networks Inc (ASNS) News & EventsASNSNews & EventsActelis Networks Inc

Actelis Networks Signs Strategic Collaboration MOU with Exaware

Actelis Networks announced that it has entered into a memorandum of understanding, effective June 16 with Exaware Routing, an Israel-based provider of high-throughput routing, switching and open networking platforms for telecom and data centers, to advance their ongoing strategic collaboration. The collaboration framework succeeds the previously announced acquisition term sheet between the parties and reflects their mutual decision to continue building their commercial and strategic relationship through a flexible operating structure. Last week, Actelis amended its equity line of credit, designed to provide additional flexibility in managing its capital structure and Nasdaq compliance objectives. Under the framework, Actelis and Exaware expect to work together in areas where their technologies and customer relationships are complementary. Initial efforts are expected to include joint pursuit of selected customer opportunities, coordinated business development activities, evaluation of technology interoperability and potential integrated solutions for networking and infrastructure operators.

Actelis Networks Secures $850,000 Software Renewal

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 Secures $0.2M Order

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.