Actelis Networks Soars 55.6% After Hours on Caltrans $120M Modernization Contract
Actelis Networks surged 55.58% after hours after winning a Caltrans contract to deploy its MetaLight solution on a San Mateo County route as part of a $120 million modernization project. It advances its copper-based, fiber-grade Ethernet technology, building on prior government wins within a $90 billion smart transportation market.
1. Caltrans Contract Details
Actelis Networks surged 55.58% in after-hours trading to $0.29 after securing a contract with Caltrans to install its MetaLight solution on a state route in San Mateo County. The deployment is part of the $120 million Caltrans modernization project for traffic signal and monitoring systems.
2. MetaLight Technology and Market Opportunity
MetaLight delivers fiber-grade Ethernet over existing copper infrastructure, enabling rapid installation and secure connectivity for traffic management centers, signals, cameras and monitoring stations. The technology addresses a North American smart transportation market projected to reach $90 billion.
3. Recent Stock Performance
Actelis’s market capitalization stands at $1.51 million, with a 52-week high of $12.90 and low of $0.17, and the stock has fallen 98.11% over the past year. The RSI sits at 24.07 and the long-term negative price trend suggests investors will await clear recovery signals.