Actelis Receives Order For Networking Of Traffic Management and Safety IoT Applications In The City of Everett, Washington
Portfolio Pulse from Benzinga Newsdesk
Actelis Networks, Inc. (NASDAQ:ASNS) has received and delivered an order for networking devices to support the City of Everett's intelligent traffic management network. The order, facilitated by ITS channel partner Western Systems, includes Actelis' ML684D multi-gigabit hybrid fiber-copper networking switches, which are part of the MetaLight product family. These devices are designed to enhance traffic management and safety initiatives by providing secure, fiber-grade connectivity. Actelis' solutions have been deployed in several U.S. cities, demonstrating the company's ongoing success in the intelligent transportation systems market.
December 06, 2023 | 1:46 pm
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Actelis Networks has successfully delivered a new order for the City of Everett, showcasing the company's capability in the intelligent traffic management sector and potentially leading to increased revenue and market presence.
The successful delivery of the order for the City of Everett's traffic management network is likely to have a positive impact on Actelis Networks' short-term stock performance. This development not only demonstrates the company's product efficacy and market penetration but also suggests potential for future revenue growth as cities continue to invest in smart infrastructure. The specific mention of the ML684D product and the partnership with Western Systems further emphasizes the company's active role in this sector.
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