SOURCE: Actelis Networks

February 22, 2007 01:00 ET

Actelis Networks Names Telecom Industry Veteran as Chief Operating Officer

Company Appoints Dennis Young to Support Corporate Development Initiatives With Recent Infusion of $22 Million in Funding

FREMONT, CA -- (MARKET WIRE) -- February 22, 2007 -- Actelis Networks® Inc., the global leader in Carrier Ethernet over Copper™ access technology, today announced the appointment of Dennis Young, a former senior Executive Manager for several successful telecommunications companies, to its executive management team as Chief Operating Officer. Prior to joining Actelis as COO, Young lead the Operational divisions of ADC, Entrisphere, Pairgain, and Siemens, helping each grow to leadership positions in the telecommunications industry.

"Dennis brings world-class experience in growing and developing successful telecommunications companies," said Tuvia Barlev, CEO of Actelis. "His expertise overseeing new product introduction, implementing engineering best practices designed to improve gross margin and realizing cost reduction throughout the supply chain will strengthen Actelis' ability to expand the Carrier Ethernet over Copper market."

Young has extensive experience in Operations, Sales, Marketing, and General Management across a broad spectrum of consumer and industrial product environments. Young will assume full responsibility for the entire 'Product Chain' within Actelis, including Product Management, R&D, Manufacturing, and Logistical Operations.

Young's appointment follows Actelis' successful round of funding in January 2007, which raised an additional $22M USD. These funds will support the implementation of strategic processes and infrastructure to help fuel the company's growth globally. Young's arrival comes at an opportune moment for Actelis as it expands its capability to deliver larger-scale projects with key telecom customers.

Prior to leading Operations for ADC, Entrisphere, Pairgain, and Siemens, Mr. Young resided in the United Kingdom, where he held the position of Managing Director of Talley UK, Ltd, a consumer products company, for 5 years. Mr. Young holds advanced degrees from Dundee University, Paisley University, and Strathclyde University.

About Actelis Networks

Actelis Networks® is the global leader of Carrier Ethernet over Copper™ solutions. Its telecommunications products allow service providers to extend the reach of their Carrier Ethernet network using the existing copper infrastructure to reach the majority of their subscribers. The company's award-winning products combine the industry's most innovative EFMplus™ transmission technology for bonded copper with a robust set of standards-based Carrier Ethernet switching capabilities. Actelis' patented EFMplus technology employs advanced digital signal processing techniques and link level dynamic spectral management (DSM) to create reliable, high performance Ethernet connections without interfering with legacy services already deployed in the network. Actelis' Carrier Ethernet switching capabilities are certified compliant with Metro Ethernet Forum MEF 9 and MEF 14 specifications. As the industry leader, Actelis' solutions are deployed in more than 30 countries, on six continents around the world. Actelis Networks is a privately held company headquartered in Silicon Valley, California.For more information visit: www.actelis.com

Actelis Networks, Carrier Ethernet over Copper and EFMplus are registered trademarks of Actelis Networks, Inc. One or more U.S. and foreign patents pending cover the product described above. All other trademarks used herein are the property of their respective owners.

Contact Information