Actelis Networks shares surge 40.47% intraday after securing Cincinnati ITS contract, expanding U.S. municipal presence.

Actelis Networks surged 40.47% intraday following the announcement of securing a hybrid fiber-copper networking contract for Cincinnati’s intelligent transportation system (ITS) upgrade. The order, marking the company’s first municipal ITS win in the Midwest, underscores expanding geographic reach and validates its technology’s appeal for cost-effective, cybersecurity-enabled infrastructure modernization. This follows a string of recent contracts across California, Washington, D.C., and other U.S. municipalities, reinforcing Actelis’ position in the ITS market. CEO Tuvia Barlev highlighted the growing adoption of its solutions, emphasizing rapid deployment and fiber-grade performance over existing infrastructure. The news aligns with the stock’s sharp intraday rally, reflecting investor optimism over the company’s market expansion and potential revenue growth from municipal contracts.