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Market Alert: Actelis Networks (NASDAQ: ASNS) Expands U.S. Transportation Reach with Key Follow-On Order

10-16-2024 12:18 PM CET | Business, Economy, Finances, Banking & Insurance

Press release from: ABNewswire

Market Alert: Actelis Networks (NASDAQ: ASNS) Expands U.S.

Actelis Networks (NASDAQ: ASNS) recently announced [https://finance.yahoo.com/news/actelis-networks-announces-order-u-200500072.html] a follow-on order from a U.S. Department of Transportation aerial agency, extending its influence within the nation's transportation sector. The new expansion underscores Actelis' role as a trusted provider of hybrid-fiber connectivity solutions, delivering reliable, high-bandwidth networks to support air traffic radar backhaul and other mission-critical applications.

This latest order builds on a significant September agreement with the same agency, as federal and state transportation bodies increasingly prioritize modernization of critical infrastructure. Actelis' solutions offer a seamless integration of fiber-like data connectivity into existing copper networks, creating high-speed, cyber-hardened links without the extensive costs or delays typically associated with new cabling deployments. In regions where fiber is already available, Actelis' devices provide essential backhaul support for radar and air traffic communications, showcasing the technology's adaptability to different environments and its reliability in high-stakes settings.

The recent uptick in demand highlights Actelis' growing presence across U.S. public infrastructure, including contracts for intelligent traffic systems (ITS), military facilities, and even international transportation projects. As the global air traffic management market is projected to exceed [https://www.fortunebusinessinsights.com/industry-reports/air-traffic-management-market-101813] $19 billion by 2032, Actelis stands to benefit from this surge in investment. By providing secure, adaptable solutions, the company is positioned as a critical player in the ongoing digital transformation of public and private infrastructure sectors.

Actelis CEO Tuvia Barlev noted the company's focus on speed and adaptability in delivering solutions: "Reliable connectivity is critical for safe travel and fluid mobility. Our solutions enable agencies to complete projects faster, reinforcing our role as a trusted partner in national infrastructure modernization."

With increased interest in cyber-secure, adaptable networking solutions, Actelis continues to expand its hybrid-fiber footprint across ITS, federal, and military networks, ready to support the next generation of resilient IoT connectivity on a global scale.

Read more on Venture-Block.com [https://venture-block.com/actelis-networks-extends-reach-in-u-s-transportation-sector-with-follow-on-order-for-air-traffic-network/]

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This article is for informational purposes only and is not intended to serve as financial, investment or any form of professional advice, reccomendation or endorsement. Please review the full documentation [https://justpaste.it/ecto7/pdf] detailing financial compensation disclosures and disclaimers the article is subject to. https://justpaste.it/ecto7/pdf. Global Markets News Network is compensated to publish and syndicate commentary and exploration into innovative companies and it is subject to conflicts of interest detailed in the documentation.

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