Actelis Networks Announces Retirement and Appointment of Board Directors

Actelis Networks, Inc. (NASDAQ: ASNS) recently disclosed in a Form 8-K filing with the SEC the retirement of a board director and the appointment of a new member. Effective February 1, 2025, Joseph Moscovitz stepped down as a director of Actelis Networks, citing no disagreements on operational matters. Subsequently, the Board appointed Mr. Niel Ransom as a Class I director until the 2026 annual shareholders meeting.

Mr. Ransom, a seasoned professional with extensive experience in communications and networking spanning five decades, brings a wealth of knowledge to Actelis Networks. He has held various leadership roles at renowned companies such as Alcatel and has served on multiple boards within the telecommunications and technology sectors. The Board determined Mr. Ransom’s independence under applicable Nasdaq listing standards and SEC rules, with no conflicts of interest noted.

In recognition of his directorship role, Mr. Ransom is entitled to an annual cash retainer for his services on both the board and its committees. Additionally, as the chairperson of the audit committee, he will receive an additional annual compensation. The Company announced Mr. Ransom’s appointment through a press release issued on February 4, 2025, reflecting its commitment to enhancing its leadership in secure networking and critical infrastructure.

Actelis Networks’ Chairman and CEO, Tuvia Barlev, expressed his enthusiasm about Mr. Ransom’s appointment, highlighting the strategic vision and expertise he brings to the Board. Mr. Barlev also acknowledged Joseph Moscovitz’s contributions to the company and thanked him for his dedication during his tenure.

Dr. Ransom’s appointment aligns with Actelis Networks’ strategic initiatives to strengthen its position in cybersecurity-driven networking for critical infrastructure, governmental applications, and intelligent transportation systems (ITS). The Company continues to focus on providing cyber-hardened, rapid deployment networking solutions for IoT and broadband applications.

For detailed information regarding Dr. Ransom’s background and the Company’s latest developments, interested parties can refer to Actelis Networks’ filings with the Securities and Exchange Commission.

Actelis Networks is a distinguished market leader in cybersecurity-focused networking solutions for a wide array of applications, emphasizing robust, secure communication in critical infrastructure, government entities, and ITS systems.

The press release, dated February 4, 2025, outlining Dr. Ransom’s appointment and Actelis Networks’ commitment to enhancing leadership in secure networking and critical infrastructure, can be accessed on the Company’s website.

This press release may contain forward-looking statements subject to certain risks and uncertainties. Interested parties are advised to refer to Actelis Networks’ filings with the U.S. Securities and Exchange Commission for more information on risk factors associated with such statements.

For more information, visit www.actelis.com.

Contact:
ARX | Capital Markets Advisors
North American Equities Desk
Email: [email protected]

This article was generated by an automated content engine and was reviewed by a human editor prior to publication. For additional information, read Actelis Networks’s 8K filing here.

Actelis Networks Company Profile

Actelis Networks, Inc engages in the design, development, manufacture, and marketing of cyber hardened, hybrid fiber, networking solutions for Internet of Things and telecommunication companies in North America, Europe, the Middle East, Israel, and the Asia Pacific. It provides rapid-deployment networking solutions for wide-area IoT applications, including federal, state, and local governments; intelligent traffic systems; and military, utility, rail, telecom, and campus applications.