Actelis Receives Order And Delivers Instant, Secure Fiber-Grade Networking To Modernize City Of Bakersfield, CA; Business Continues To Build In Addition To Recent Department Of Transportation Order For $2.3M
Portfolio Pulse from Benzinga Newsdesk
Actelis Networks, Inc. (NASDAQ:ASNS) has completed a new order for the City of Bakersfield, CA, providing a hybrid-fiber solution to modernize the city's traffic management system. This follows a recent $2.3 million order from the Washington D.C. Department of Transportation. Actelis' technology will support Bakersfield's street safety initiatives by enabling fiber-grade network connectivity for real-time communication between the traffic operations center and traffic controllers at intersections. The solution leverages existing copper infrastructure while offering a path to future fiber upgrades, representing a cost-effective, long-term investment for the city.
May 06, 2024 | 12:50 pm
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Actelis Networks, Inc. (ASNS) has successfully delivered a hybrid-fiber networking solution to Bakersfield, CA, for traffic management modernization, indicating a growing demand for their technology in urban infrastructure projects.
The successful completion of the Bakersfield project and the recent $2.3 million order from the Washington D.C. Department of Transportation highlight Actelis Networks' growing footprint in the urban infrastructure sector. This trend is likely to positively influence investor perception and demand for ASNS shares in the short term, as it demonstrates the company's ability to secure and fulfill significant municipal contracts. The innovative approach of leveraging existing copper infrastructure for modern traffic management solutions positions Actelis favorably in markets looking for cost-effective upgrades to smart city technologies.
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