NEW YORK--(BUSINESS WIRE)--
Market News Alerts Reports: Actelis Networks (NASDAQ: ASNS)*, a leader in cyber-hardened networking solutions, continues to demonstrate strong commercial momentum with recent follow-on orders that expand its footprint in critical infrastructure sectors. The company recently announced a strategic follow-on order from a Hungarian utility provider, building upon their initial engagement announced in October 2023. Additionally, Actelis secured an order for Ventura County, California's Systemic Countywide Signalized Intersection Improvement Project, further reinforcing its position in the intelligent transportation systems (ITS) market.
These latest wins build upon Actelis' impressive momentum following significant orders from Washington D.C.'s Department of Transportation, the City of Seattle (recently named the "smartest city in the U.S."), and a renewal order connected to the UK's National Roads Telecommunications Service (NRTS). The anticipated next phase of NRTS represents a massive £650 million opportunity within the UK's Digital Roads Strategy, potentially positioning Actelis for substantial future involvement in this critical infrastructure initiative.
These commercial developments come as Actelis prepares to report its annual 2024 financial results on Monday, March 24, with a conference call scheduled for 5 p.m. Eastern time. Investors will be watching closely to see how these recent wins translate into financial performance.
In December 2024, Litchfield Hills Research initiated coverage of Actelis with a $5 price target and Buy rating, highlighting the company's technology portfolio and global reach, serving customers across 30 countries, including government agencies, transportation authorities, and defense organizations.
With the global smart cities market reportedly to expand to $300 billion by 2032, and the ITS segment expected to reach $65.33 billion by 2032, Actelis appears well-positioned with its cyber-hardened networking solutions for these rapidly growing IoT and critical infrastructure markets.
Recent News Highlights from Actelis
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