ETFOptimize | High-performance ETF-based Investment Strategies

Quantitative strategies, Wall Street-caliber research, and insightful market analysis since 1998.


ETFOptimize | HOME
Close Window

Market Alert: Actelis Networks Lands Expansion Orders for Washington DC Transportation Department Multi-Billion Dollar Partner

Market Alert: Actelis Networks Lands Expansion Orders for Washington DC Transportation Department Multi-Billion Dollar Partner
TL;DR: Actelis Networks (NASDAQ: ASNS) has secured two new expansion orders from the Washington DC Department of Transportation (DDOT) in collaboration with M.C. Dean. This initiative reinforces Actelis' commitment to modernizing the city’s traffic management infrastructure, utilizing its advanced hybrid-fiber solutions to enhance connectivity and optimize traffic flow in one of the nation's busiest urban environments.

Actelis Networks (NASDAQ: ASNS) has announced the receipt of expansion orders from the Washington DC Department of Transportation (DDOT), marking a significant step in the ongoing modernization of the city's critical infrastructure. These new orders build on a previously announced $2.3 million project from May 2024, emphasizing Actelis' role as a trusted partner in enhancing transportation systems in the nation’s capital.

The collaboration with M.C. Dean, a prominent integrator specializing in advanced cyber-physical systems, is pivotal in delivering innovative solutions tailored to the challenges of traffic congestion in Washington DC—one of the most congested cities in the United States, according to a report from the Texas A&M Transportation Institute. With a growing population and heavy tourist traffic, effective management of roadways is essential for improving safety and efficiency.

“Washington, DC’s complex traffic environment necessitates innovative solutions for managing roadways,” said Tuvia Barlev, Chairman and CEO of Actelis. “The backbone of effective traffic management systems is reliable, far-reaching network connectivity. Actelis enables DDOT to optimize traffic flow, improve safety, and enhance data collection using tools such as signal timing and traffic cameras.” 

The recent expansion into DDOT’s infrastructure comes at a time when Actelis is experiencing significant momentum within the industry. Earlier this year, the company achieved the National Institute of Standards and Technology (NIST) certification for data cybersecurity, showcasing its commitment to providing secure and resilient networking solutions. Additionally, Actelis has been successful in securing major contracts, such as the order for the City of Napa's intelligent traffic management system, which further underscores its capabilities in enhancing urban connectivity. Most recently, the company reported a remarkable 200% growth in q3 revenues, reflecting strong demand for its innovative hybrid-fiber solutions across diverse sectors.

Actelis' cyber-hardened hybrid-fiber networking technology stands out by providing fiber-grade performance while utilizing existing wiring, thus avoiding the lengthy and costly process of laying new cables. This capability allows for the rapid deployment of high-demand applications, such as data-intensive traffic monitoring systems and advanced traffic cameras, making a substantial impact on the city’s ability to manage its complex traffic environment.

Barlev further noted, “Washington, DC has now become a showcase for Actelis’ hybrid fiber-copper technology and a model for how other cities can efficiently modernize their traffic management infrastructure. Our collaboration with M.C. Dean has proven that cities can save hundreds of thousands of dollars—or more—on construction costs while achieving the performance required to manage dense roadway systems.”

As Actelis continues to expand its footprint in the transportation sector, the company’s innovative solutions position it well to address the growing need for advanced, secure connectivity in urban environments. The partnership with M.C. Dean not only showcases Actelis’ technology but also serves as a model for other cities aiming to streamline their traffic management systems efficiently and sustainably.

 

Quick Links, Read More >> 

 

 

 

 

This article is for informational purposes only and is not intended to serve as financial, investment or any form of professional advice, recommendation or endorsement. The article was written in collaboration with Global Markets News Network, a commercially operated IR digital brand compensated by the issuer (Actelis) to provide coverage of its news and developments, among other things. Readers are encouraged to read the full disclaimers and disclosures document that the article is subject to https://justpaste.it/ecto7/pdf. This article may include forward looking statements which cannot be guaranteed as discussed in the documentation.

Media Contact
Company Name: Global Markets News Network
Contact Person: News Desk
Email: Send Email
Country: United States
Website: https://www.futuremarketsresearch.com/global-markets-news

Stock Quote API & Stock News API supplied by www.cloudquote.io
Quotes delayed at least 20 minutes.
By accessing this page, you agree to the following
Privacy Policy and Terms Of Service.


 

IntelligentValue Home
Close Window

DISCLAIMER

All content herein is issued solely for informational purposes and is not to be construed as an offer to sell or the solicitation of an offer to buy, nor should it be interpreted as a recommendation to buy, hold or sell (short or otherwise) any security.  All opinions, analyses, and information included herein are based on sources believed to be reliable, but no representation or warranty of any kind, expressed or implied, is made including but not limited to any representation or warranty concerning accuracy, completeness, correctness, timeliness or appropriateness. We undertake no obligation to update such opinions, analysis or information. You should independently verify all information contained on this website. Some information is based on analysis of past performance or hypothetical performance results, which have inherent limitations. We make no representation that any particular equity or strategy will or is likely to achieve profits or losses similar to those shown. Shareholders, employees, writers, contractors, and affiliates associated with ETFOptimize.com may have ownership positions in the securities that are mentioned. If you are not sure if ETFs, algorithmic investing, or a particular investment is right for you, you are urged to consult with a Registered Investment Advisor (RIA). Neither this website nor anyone associated with producing its content are Registered Investment Advisors, and no attempt is made herein to substitute for personalized, professional investment advice. Neither ETFOptimize.com, Global Alpha Investments, Inc., nor its employees, service providers, associates, or affiliates are responsible for any investment losses you may incur as a result of using the information provided herein. Remember that past investment returns may not be indicative of future returns.

Copyright © 1998-2017 ETFOptimize.com, a publication of Optimized Investments, Inc. All rights reserved.