Actelis Networks Names Tuvia Barlev as Chief Executive Officer; Co-founder takes on leading role as company prepares to launch MetaLIGHT product.

Business Editors/High-Tech Writers

FREMONT, Calif.--(BUSINESS WIRE)--Sept. 3, 2002

Actelis Networks(TM), the first company to enable fiber-quality transport services over local loop copper, announced today that it has promoted co-founder and president, Tuvia Barlev to the position of chief executive officer (CEO). Barlev co-founded the company in 1998 and led the company's engineering team through its initial product design, planning, and staffing phases.

"Tuvia will guide Actelis into a leadership position in the emerging market for broadband and Ethernet services over copper" said Kamran Elahian, chairman of the board and co-founder of Actelis Networks. "Actelis has a unique value proposition, suited to the current tough telecom environment. By delivering fiber-quality services over existing copper plant, service providers can improve their customer revenues and satisfaction with minimal capital investment and reduced risk."

"With active customer trials concluding, Actelis is ready to begin its next growth phase with the worldwide deployment of MetaLIGHT solutions," said Tuvia Barlev, chief executive officer of Actelis Networks, Inc. "As CEO, my initial focus will be to strengthen Actelis' global sales and marketing team and to broaden the reach of our technology to drive our revenue growth."

Prior to co-founding Actelis Networks, Inc. in 1998, Barlev was head of the R&D organization at Teledata, a high-speed communications company, where he led the DLC R&D department. Previously, Barlev held top management positions in government research organizations as head of several elite communications projects. Barlev holds a Bachelor and a Masters degree in Electrical Engineering, both with honors, from Tel Aviv University.

About Actelis Networks

Actelis Networks is the first company to enable fiber quality transport over local loop copper. By radically boosting the speed, range, and reliability of copper to achieve fiber performance in the local loop, Actelis allows carriers to deliver bandwidth today to points further from the core of the network without further cabling investment. Founded in 1998 and headquartered in the Silicon Valley, Actelis Networks is backed by preeminent telecom investors, including New Enterprise Associates, The Walden International Investment Group, U.S. Venture Partners and The Carlyle Group. Actelis was named one of the top 100 private companies in the United States by Upside Magazine and one of the Ten Most Intriguing VC fundings of 2001 by Red Herring. For more information, please visit the corporate Web site at www.actelis.com.