Actelis Networks Inc. (NASDAQ:ASNS) shares are trending on Thursday.
Pre-Market Announcement Fueled Wednesday’s Rally
Shares of the California-based technology company declined 9.91% to $0.50 in pre-market trading on Thursday, after surging 47.57% during the regular session following a pre-market announcement of a new order from a Japanese governmental entity for its MetaLight networking solutions.
ASNS claims its MetaLight technology can deliver fiber-grade Ethernet connectivity through existing copper infrastructure.
According to Actelis, the order was placed through its established Japanese channel partner and distributor and will deploy dozens of MetaLight units across critical infrastructure environments, including transportation, utilities and public safety systems, with potential expansion into defense-related installations.
Full story available on Benzinga.com
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