Traders can’t seem to get their hands on shares of Actelis Networks Inc. (Nasdaq:ASNS) quick enough as shares of this micro cap are currently bid $2.66/share (+131.30% implied open for sellers) at the time of writing. This move can likely be attributed to yesterday’s afterhours announcement that the company entered into a distribution agreement with Carahsoft Technology. It should be an exciting session for this stock!
Actelis Networks Inc is a networking solutions company with a mission to enable communication for Internet of Things, or IoT, projects, deployed over wide areas such as cities, campuses, airports, military bases, roads, and rail. Its networking solutions use a combination of newly deployed fiber infrastructure and existing copper and coaxial lines to create a cost-effective, secure, and quick-to-deploy network. Its solutions also offer end-to-end network security to protect critical IoT data, utilizing a powerful combination of coding and encryption technologies, applied as required on both new and existing infrastructure within the hybrid-fiber-copper network.
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