Actelis Networks nasdaq Asns Stock Skyrockets on Cyber secure Iot Deal with Carahsoft

Actelis Networks (NASDAQ: ASNS) Stock Skyrockets on Cyber-Secure IoT Deal with Carahsoft

Actelis Networks (NASDAQ: ASNS) stock surged during intraday trading Wednesday after the company partnered with Carahsoft Technology to deliver cyber-secure IoT connectivity solutions to U.S. government agencies.

Actelis Networks recently announced a strategic partnership with Carahsoft Technology, a leading U.S. IT software and services company. This collaboration aims to enhance the availability and deployment of Actelis’ cyber-secure IoT connectivity solutions for U.S. government agencies.

Under the terms of the agreement, Carahsoft will act as Actelis’ Public Sector distributor. It will facilitate the distribution of Actelis’ hybrid-fiber connectivity solutions to Federal, State, and Local government agencies, plus educational institutions across the United States and Canada. These solutions will become available through Carahsoft’s extensive network of reseller partners and contracts such as NASA Solutions for Enterprise-Wide Procurement (SEWP) V and OMNIA Partners.

Earlier this year, Actelis attained major certifications from the Joint Interoperability Test Command and the Department of Defense Information Network (DoDIN). Additionally, the company received NIST certification for compliance with the FIPS 140-2 cryptographic standard.

Tuvia Barlev, Chairman and CEO of Actelis, described the partnership with Carahsoft as a “major step forward”, enabling the company to leverage Carahsoft’s extensive network to reach a broader range of government customers.

Actelis Networks (NASDAQ: ASNS) Stock Price Action

On Wednesday, ASNS stock soared 84.35%, closing at $2.12, marking a 51.43% increase for the week. The trading volume was 51,371,448 shares, significantly higher than the average daily volume of 3.10 million.