Actelis Networks Inc. (NASDAQ:ASNS) shares surged 9.5% on Wednesday after the cyber-hardened networking solutions provider announced a new contract with one of Central Germany’s largest regional utility companies.
Under the agreement, Actelis will deliver its hybrid fiber-copper networking technology — equipped with military-grade encryption — to support the utility’s water, gas, and electricity distribution networks. The deployment aims to provide secure, fiber-grade connectivity across critical infrastructure systems.
According to the company, the German utility chose Actelis’ solution for its advanced encryption capabilities, ensuring compliance with strict cybersecurity and regulatory standards. The platform’s rapid deployment and cost efficiency also enable network modernization without the lengthy installation timelines typically required for full fiber builds.
“Utility operators across Europe recognize that secure, reliable connectivity is fundamental to safe and efficient infrastructure operations,” said Tuvia Barlev, Chairman and CEO of Actelis. “This order from one of Central Germany’s largest regional utilities reinforces the critical importance of encryption and cyber hardening in protecting essential services.”
Actelis said the new deal marks another milestone in its expansion within the German utility sector, strengthening its foothold in the broader European critical infrastructure market, where cybersecurity threats are increasingly targeting essential service providers.