Actelis Networks has secured a substantial contract to modernize Orange County’s intelligent transportation system (ITS) infrastructure, marking another milestone in the company’s expanding portfolio of critical infrastructure projects.
The contract, executed through partner Western Systems, will enhance traffic management capabilities in Orange County, the third most populous county in California with over 3 million residents. This win follows recent successful deployments in Washington D.C., Seattle, and Ventura County, demonstrating the company’s growing presence in smart city technologies.
Leveraging its hybrid-fiber technology, Actelis provides fiber-grade performance over existing infrastructure, offering significant cost savings and accelerated project timelines. This technological advantage has positioned the company competitively across multiple high-growth sectors, including transportation, defense, and critical infrastructure.
The Orange County contract arrives on the heels of recent military base modernization orders, where Actelis will deliver its GigaLine 800 networking solution with Department of Defense-certified security. Additionally, the company recently secured an order from a major North American railway group to support Positive Train Control implementation.
Financially, Actelis has demonstrated impressive growth, with fiscal year 2024 revenue increasing 38% to $7.8 million and gross margins expanding from 34% to 55%. The company simultaneously reduced operating expenses by 13% and decreased loss per share by 67% to $0.85.
Analyst Theodore O’Neill from Litchfield Hills Research maintains a Buy rating with a $5 price target, noting the company’s positive trajectory. With the global smart cities market projected to reach $300 billion by 2032 and the ITS segment expected to hit $65.33 billion, Actelis appears strategically positioned to capitalize on emerging infrastructure modernization opportunities.
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