24/7 Market News Snapshot 15 October, 2024 – Actelis Networks, Inc. Common Stock (NASDAQ:ASNS)

October 15, 2024

DENVER, Colo., 15 October, 2024 (247marketnews.com) – (NASDAQ:ASNS) are discussed in this article.
Actelis Networks, Inc. (NASDAQ:ASNS) continues to show robust market activity, with the stock opening today at $1.37 and climbing significantly to $1.606, representing a notable increase of 17.23%. This upswing follows a previous closing of $1.37, reflecting strong bullish momentum and heightened investor interest, evident from a trading volume of 691.05 thousand shares. Such positive market sentiment may be fueled by recent strategic developments within the company.

In alignment with its growth trajectory, Actelis has announced the receipt of a follow-on order from a prominent aerial transportation agency under the Department of Transportation. This order serves as a continuation of a significant contract obtained in September, further solidifying the agency’s confidence in Actelis’ advanced networking solutions for secure and robust IoT applications. The current project aims to enhance the backhaul of radar communications, a vital element in maintaining air safety and operational efficiency within congested airspaces.

Actelis’ technology is distinguished by its adaptability, enabling high-quality data transmissions in regions equipped with fiber optics as well as in areas with limited fiber infrastructure. The company’s hybrid-fiber devices ensure efficient data transfer while leveraging existing twisted pair copper, providing a cost-effective upgrade that accelerates project timelines.

Tuvia Barlev, Chairman and CEO of Actelis, expressed confidence in the company’s role in advancing intelligent transportation networks, emphasizing the critical need for reliable connectivity in ensuring safe travel and efficient mobility. As investments in modernizing air traffic management continue to grow, Actelis’ versatile and secure solutions are poised to meet the increasing demand for effective networking technologies in the aviation sector.

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