Actelis Networks shares jump 21.91% premarket after securing Cincinnati ITS contract, marking first Midwest municipal win and expanding U.S. geographic reach.

Actelis Networks (ASNS) surged 21.91% in premarket trading following the announcement that its hybrid fiber-copper networking solutions were selected for an intelligent transportation system (ITS) upgrade in Cincinnati, Ohio. This marks the company’s first municipal ITS contract in the Midwest, expanding its geographic footprint and reinforcing its position in the U.S. municipal ITS market. The news builds on recent contracts with California’s Caltrans, Washington, D.C., and other municipalities, signaling growing demand for Actelis’ cost-effective, cybersecurity-enabled infrastructure modernization solutions. The CEO highlighted the company’s ability to deliver fiber-grade connectivity without full infrastructure replacement, aligning with cities’ cost and efficiency priorities. The Cincinnati win, coupled with a series of recent municipal orders, likely drove investor optimism about revenue growth and market expansion, despite the firm’s broader financial challenges.