24/7 Market News Snapshot 25 November, 2024 – Actelis Networks, Inc. Common Stock (NASDAQ:ASNS)

November 25, 2024

DENVER, Colo., 25 November, 2024 (247marketnews.com) – (NASDAQ:ASNS) are discussed in this article.
Actelis Networks, Inc. is experiencing a notable upward momentum in pre-market trading, reaching $1.310, representing an impressive increase of 8.26% from its previous close at $1.210. With a trading volume of 682.98K shares, the heightened activity signals strong investor interest and potential for further growth. Market analysts observe key resistance at $1.35 and support at $1.20, indicating critical levels for investors as they gauge the stock’s trajectory amidst this bullish trend.

In addition to favorable market sentiment, Actelis is celebrating a significant achievement in its traffic management initiatives, following the receipt of new orders from a major transportation agency. This collaboration plays a crucial role in advancing network connectivity for traffic management systems within urban infrastructure, complementing a previous $2.3 million contract secured earlier this year.

Working alongside a leading integrator specializing in cyber-physical systems, Actelis aims to address the pressing challenges of urban traffic congestion exacerbated by high vehicle volumes and increasing urbanization. Recent research underscores the urgent necessity for innovative traffic solutions in heavily populated areas.

Tuvia Barlev, the company’s Chairman and CEO, highlighted the importance of dependable network connectivity in enhancing traffic flow and safety while bolstering real-time data collection. “Modern traffic management systems depend heavily on our technology that supports high-speed applications, including signal optimization and advanced monitoring.”

Actelis’ unique hybrid-fiber networking solutions offer fiber-like performance without extensive new wiring, allowing municipalities to transform legacy systems while significantly reducing construction costs. “This engagement not only demonstrates our technology but also sets a benchmark for urban areas aiming to enhance their traffic systems,” Barlev asserted. With a steadfast commitment to smart city initiatives, Actelis continues to lead the way in promoting sustainable urban development through innovative traffic management solutions.

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