
Shares of Actelis Networks Inc (NASDAQ:ASNS) rose sharply in pre-market trading after the company announced a new contract.
The contract value equals approximately 5.45% of the company’s current market capitalization. The networking solutions provider from Fremont, California, announced on Wednesday that it had secured around $0.3 million in orders for software and services from a major telecommunications carrier in Southern Europe, which is part of a global telecom group.