Actelis Networks Wins Order for Caltrans, California Department of Transportation, Highway Modernization in San Mateo County, California
Rhea-AI Summary
Actelis Networks (NASDAQ: ASNS) won an order to supply its hybrid fiber-copper MetaLight networking solution for a Caltrans modernization project in San Mateo County on March 2, 2026.
The order supports part of an approximately $120 million state route upgrade and builds on 2025 government wins in Orange County, Ventura County and Washington, D.C.
Positive
- Caltrans order supporting an approximately $120 million modernization project
- Expanded government footprint with recent 2025 wins in Orange County, Ventura County, and Washington, D.C.
- Fast deployment MetaLight delivers fiber-grade connectivity over existing copper, reducing trenching time and cost
Negative
- Order value undisclosed, revenue and timing impact on ASNS unclear
- No financial guidance provided tying the Caltrans award to near-term revenue or margins
News Market Reaction – ASNS
On the day this news was published, ASNS gained 1.95%, reflecting a mild positive market reaction. Argus tracked a trough of -2.3% from its starting point during tracking. Our momentum scanner triggered 5 alerts that day, indicating moderate trading interest and price volatility. This price movement added approximately $27K to the company's valuation, bringing the market cap to $1M at that time.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
Market Reality Check
Peers on Argus
ASNS was up 1.09% with relatively light volume while peers showed mixed moves: CLRO -0.22%, SYNX -1.82%, MITQ -3.28% (and -5.67% on the momentum scanner), SONM +4.62%, UTSI -0.41%, and BOSC +3.93%. The lack of a consistent direction across peers and no same-day peer headlines suggest this contract win was company-specific rather than part of a sector-wide move.
Historical Context
| Date | Event | Sentiment | Move | Catalyst |
|---|---|---|---|---|
| Jan 30 | Infrastructure order win | Positive | -2.9% | Expansion order from major European natural gas operator for pipeline networking. |
| Jan 29 | Carrier expansion order | Positive | +4.0% | New orders from major U.S. carrier expanding legacy T1 modernization deployment. |
| Jan 26 | Municipal project win | Positive | -3.2% | Order for ethernet and optical gear for Chino, California modernization project. |
| Jan 15 | FAA order completion | Positive | +9.5% | Completion of approximately $0.5M FAA air traffic control modernization order. |
| Jan 13 | Shareholder letter | Positive | -8.1% | CEO letter outlining 2025 progress and 2026 priorities and tailwinds. |
Recent operational wins and positive corporate updates often saw mixed to negative next-day reactions, with several positive announcements followed by price declines.
Over the last few months, Actelis reported a series of infrastructure wins and updates. On Jan 15, 2026, it completed delivery of an approximately $0.5 million FAA air traffic control order tied to a broader $12.5 billion program, which coincided with a 9.47% gain. Expansion orders from a major U.S. carrier on Jan 29 and a European natural gas operator on Jan 30 saw mixed reactions, while a CEO shareholder letter on Jan 13 was followed by an 8.08% decline. Today’s Caltrans order continues the theme of government-focused modernization wins.
Market Pulse Summary
This announcement highlights another government transportation win, adding Caltrans in San Mateo County to a roster that includes FAA, municipal, and carrier projects. The project is part of an approximately $120 million corridor modernization and sits within a North American smart transportation market estimated at nearly $90 billion in 2026. Recent history shows multiple similar infrastructure orders, so investors may track how these deployments translate into repeat business, revenue growth, and progress on listing-compliance challenges.
Key Terms
hybrid fiber-copper technical
iot technical
ethernet access device technical
edge-ai technical
broadband technical
AI-generated analysis. Not financial advice.
Company Continues Streak of States, Counties, and Cities Adopting Actelis' Hybrid Fiber-Copper Networking Solutions
Sunnyvale, Calif., March 02, 2026 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ: ASNS) ("Actelis" or the "Company"), a market leader in cyber-hardened, rapid-deployment networking solutions for IoT and broadband applications, today announced that it has received an order to supply its hybrid fiber-copper networking solution in support of a major California Department of Transportation (Caltrans) infrastructure modernization project in San Mateo County. The order continues a pattern of growing adoption of Actelis' solutions by government transportation agencies across the United States.
This Caltrans order adds to a series of recent wins that reflect the Company's deepening footprint in the government transportation sector. In 2025 alone, Actelis secured orders from Orange County and Ventura County in California, follow-on orders from the Washington, D.C. Department of Transportation, and deployments across multiple other U.S. municipalities and transportation authorities. According to Polaris Market Research, the North American market demand for smart transportation is estimated to be worth nearly
"This order is another layer of our accelerating momentum across U.S. government transportation agencies, where Actelis is becoming the go-to solution for intelligent transportation infrastructure modernization as it becomes further digitized, cyber-safe and built to support Edge-AI in cameras and sensors" said Tuvia Barlev, Chairman and CEO of Actelis. "From Washington, D.C. to Orange County, Seattle, and now Caltrans in San Mateo County, transportation authorities at every level of government are choosing our hybrid fiber-copper approach because it delivers immediate, measurable results over existing infrastructure, at a fraction of the time and cost of traditional fiber deployment."
The order supports a part of a Caltrans project, an approximately
The compact, feature-rich, hybrid fiber Ethernet Access Device is installed within minutes and delivers secure, fiber-grade connectivity over existing copper infrastructure at a fraction of the cost of new fiber infrastructure. Designed for demanding roadside environments, it supports drop-and-continue topologies that enable high-speed, reliable data transmission between traffic management centers and distributed field devices such as traffic signals, cameras, and monitoring stations, without the cost and disruption of new fiber trenching.
About Actelis Networks, Inc.
Actelis Networks, Inc. (NASDAQ: ASNS) is a market leader in hybrid fiber, cyber-hardened networking solutions for rapid deployment in wide-area IoT applications, including government, ITS, military, utility, rail, telecom, and campus networks. Actelis' innovative portfolio offers fiber-grade performance with the flexibility and cost-efficiency of hybrid fiber-copper networks. Through its "Cyber Aware Networking" initiative, Actelis also provides AI-based cyber monitoring and protection for all edge devices, enhancing network security and resilience. For more information, please visit www.actelis.com.
Forward-looking Statements
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project," “looking forward,” and similar expressions that are intended to identify forward-looking statements. Forward-looking statements in this press release include, for example, statements regarding the expected deployment and performance of Actelis' ML684M solution within the SR-82 project, the anticipated contribution of this order to the Company's revenue, the Company's expectations regarding its growing presence in California's intelligent transportation systems market, and the Company's belief that its technology will continue to be recognized as a trusted solution for ITS communications infrastructure. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results could differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
Investor Relations Contact
Arx Investor Relations
North American Equities Desk
actelis@arxhq.com
FAQ
What did Actelis (ASNS) announce about the Caltrans San Mateo County project on March 2, 2026?
How does Actelis' MetaLight solution benefit Caltrans in the San Mateo County upgrade (ASNS)?
Does the Caltrans order significantly change Actelis' (ASNS) government business footprint?
What portion of the $120 million Caltrans project will Actelis serve for ASNS?
Will the Caltrans order materially affect Actelis' (ASNS) 2026 revenue guidance?
How does Actelis position its technology for transportation agencies like Caltrans (ASNS)?
