ASNS - Actelis Networks Shares Rally After Securing New Orders From U.S. Military

2024-06-05 10:46:45 ET

A California-based tech firm is gaining some serious steam so far during Wednesday’s session following yesterday’s announcement that the company received new orders for cyber-hardened networking technology to be deployed on three U.S. military bases.

According to the release, these orders were received following the company’s recent successful cybersecurity certifications and placement on the Department of Defense Information Network approved products list.

Shares of %ActelisNetworks Inc. (Nasdaq: ) opened up the session at $3.71/share (+689.36%) to kick things off, which was immediately followed up by a circuit breaker halt. Be sure to keep an eye on this micro cap!

Actelis Networks Inc is a networking solutions company with a mission to enable communication for Internet of Things, or IoT, projects, deployed over wide areas such as cities, campuses, airports, military bases, roads, and rail. Its networking solutions use a combination of newly deployed fiber infrastructure and existing copper and coaxial lines to create a cost-effective, secure, and quick-to-deploy network. Its solutions also offer end-to-end %NetworkSecurity to protect critical IoT data, utilizing a powerful combination of coding and encryption technologies, applied as required on both new and existing infrastructure within the hybrid-fiber-copper network.