Shares of Actelis Networks surged after the company said it received a $260,000 order to modernize the traffic systems of a U.S. Mid-Atlantic county.
The stock was up 34% to $2.10 in Wednesday’s postmarket trade. Shares have jumped 73% over the past three months.
The telecommunications equipment company said the project underscores its momentum in the intelligent transportation space following prior wins in Washington, D.C., and Bakersfield, Calif.
The order is for a county with over 1 million residents, the company said.