Curated News
By: NewsRamp Editorial Staff
April 08, 2025
Actelis Networks Secures Major Order to Modernize Orange County's ITS Infrastructure
TLDR
- Actelis Networks secures significant new order to modernize Orange County ITS, expanding presence in high-growth sectors.
- Actelis' hybrid-fiber technology delivers fiber-grade performance over existing infrastructure, driving cost savings and accelerated project timelines.
- Actelis' advanced networking technology enhances traffic management in Orange County, contributing to safer and more efficient transportation networks.
- Actelis gains momentum with diverse contracts in military base modernization, railway groups, and smart city projects, positioning itself as a key player in secure networking solutions.
Impact - Why it Matters
This news matters as Actelis Networks' success in securing contracts for critical infrastructure upgrades signifies its growing influence in the transportation and defense sectors. With the global smart cities market projected to reach $300 billion by 2032 and the ITS segment expected to hit $65.33 billion, Actelis is establishing a strong competitive position in rapidly growing markets for secure, rapidly deployable networking infrastructure.
Summary
Actelis Networks (NASDAQ: ASNS)* has secured a significant new order to modernize Orange County, California's intelligent transportation system (ITS) infrastructure, continuing its momentum across high-growth sectors. This latest win follows strong financial results, with revenue increasing by 38% and gross margins more than doubling. Orange County's order will enhance traffic management across one of the nation's busiest transportation networks.
Source Statement
This curated news summary relied on this press release disributed by News Direct. Read the source press release here, Actelis Networks Secures Major Order to Modernize Orange County's ITS Infrastructure
