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      Actelis (ASNS) Experiences Dramatic Stock Increase

      By Fahim Awan

      Published on

      June 5, 2024

      1:23 PM UTC

      Actelis (ASNS) Experiences Dramatic Stock Increase

      Actelis Networks, Inc. (NASDAQ: ASNS) has experienced a substantial increase in its stock value on the US stock market today, following the announcement of new orders for its advanced cyber technology solutions. At the last check during the pre-market session, ASNS stock had soared by 765.83%, reaching a price of $4.06.

      Strategic Orders And Certifications Boost Market Position

      Recently, Actelis (ASNS) was able to acquire large orders for its cyber-hardened networking equipment, which will be installed at three US military installations. Actelis’s recent cybersecurity certification successes and addition to the Department of Defense Information Network (DoDIN) Approved Products List preceded the issuance of these orders.

      After rigorous verification from the Joint Interoperability Test Command (JITC), Actelis announced in January that their solutions were now listed on the DoDIN Approved Products List. Moreover, in February, ASNS received certification for the FIPS 140-2 cryptographic standard from the National Institute of Standards and Technology (NIST) of the United States Department of Commerce. Actelis needs these certifications in order to expand its product line within the military’s network infrastructure.

      Technological Advancements And Market Expansion

      Actelis has dedicated substantial resources to achieving these essential government security certifications, which have now begun to translate into new orders and a robust pipeline within the federal market sector. The company is making significant strides in the federal Internet of Things (IoT) space, supporting the U.S. military in accelerating its base modernization efforts.

      Actelis’ distinctive hybrid-fiber networking solution provides immediate fiber-grade connectivity to crucial IoT devices and systems without necessitating extensive engineering or construction, thereby reducing project timelines by months and potentially saving millions for military bases and federal installations.

      The Actelis solution stands out as the only one of its kind on the DoDIN APL, conferring a substantial competitive edge. Its features include high-level data protection mechanisms such as 256-bit MACsec encryption, data fragmentation, and scrambling, all of which enhance network security, particularly at the edge where IoT devices are most susceptible to cyber threats.

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