Actelis Networks Inc. (NASDAQ:ASNS) surged 55.58% in after-hours trading on Tuesday to $0.29 after announcing a new contract with the California Department of Transportation.
Caltrans Deal Caps a Strong Government Win Streak
On Monday, Actelis announced it secured an order to deploy its MetaLight solution as part of an approximately $120 million Caltrans modernization initiative on a state route in San Mateo County. MetaLight claims to provide fiber-grade Ethernet connectivity over existing copper infrastructure.
The California-based networking solutions company said Actelis’ MetaLight solution will be deployed as part of the traffic signal and monitoring systems component of the initiative, covering a state route in San Mateo County.
According to the company’s press release, the order adds to 2025 wins in Orange and Ventura counties, follow-on orders from Washington, D.C.’s Department of Transportation and deployments across …
