Momentum Continues To Build For This Micro Cap In The Tech Space

By: Tomas Ronolski - AllPennyStocks.com News

Tuesday, June 18, 2024

A California-based tech company that is no stranger to making headlines as of late is turning heads yet again during Tuesday’s premarket hours.

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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