ASNS - Actelis Receives $260000 Order for Major Mid-Atlantic US County Traffic System Modernization | Benzinga
FREMONT, Calif., July 10, 2024 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ:ASNS) ("Actelis" or the "Company"), a market leader in cyber-hardened, rapid deployment networking solutions for IoT applications, today announced that it has received a significant order valued at $260,000 to modernize the traffic systems in a major Mid-Atlantic county in the United States. This project continues Actelis' momentum in the intelligent transportation space, following its previous announced wins in Washington, DC, Bakersfield, CA, and Italy, for a national transportation infrastructure project.
"We are thrilled to be chosen to support these traffic system modernization efforts," said Tuvia Barlev, Chairman and CEO of Actelis. "This order, alongside several recent announcements underscores the growing trust in our innovative, secure and cost-effective hybrid-fiber technology and its ability to not only enhance traffic flow, but also support critical safety, transportation, infrastructure, and environmental initiatives. With our expanding portfolio of innovative solutions continuing to gain traction across various sectors, we remain steadfast in its commitment to driving growth and delivering exceptional value to our customers and investors."
The County, home to over 1 million residents and numerous US government offices, research centers, and major corporations, plays a pivotal role in the region. Efficient traffic management is essential for maintaining the County's thriving economy and accommodating its significant visitor ...