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Actelis Gains on Scoring Contract with German Company

Actelis Networks, Inc. (NASDAQ:ASNS) shares were in the green Wednesday, as the company, boasting a status as a market leader in cyber-hardened, rapid deployment networking solutions for IoT applications, announced that it has received a new order to supply a major German provider with its new Encrypted, cyber-hardened, hybrid-fiber networking technology. Actelis continues to expand its solution within the energy sector where data security is critical.

Actelis’ customer supplies gas and electricity for over two million people throughout hundreds of cities in Germany. Systems such as this one generate large amounts of data that need to be transported from many field locations to a central office for monitoring and analysis. In many cases, Actelis devices are installed at the edge of these networks, managing data coming from IoT devices such as sensors and cameras, from sub stations and from field offices.

It is crucial that the entire network is protected end-to-end which is why edge security, especially in unmanned locations is highly important. In fact, global market research firm KBV Research estimates that the edge security market will have a CAGR of 20.3% through 2028, reaching $57.2 billion.

Actelis’ encrypted Hybrid-Fiber hardened switches, ML644EL and ML6916EL will both be deployed for this application and feature 256-bit MACsec encryption, providing three layers of data security, encrypting the data at the transmission layer, the switching layer, and the management/control layer.

ASNS shares picked up three cents, or 2.8%, to $1.12.