Maris-Tech Receives New Order for Approximately $110,000 From an Existing Customer in the Defense Industry for a Novel Miniature Intelligence-Gathering Product
08 Aprile 2024 - 2:40PM
Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the
“Company”), a B2B provider of artificial intelligence (“AI”)
accelerated video solutions for edge platforms, today announced
that it has received a new order for approximately $110,000 from an
existing customer in the defense industry, for a unique solution
based on the technology of the Company’s Mars platform of miniature
intelligent surveillance solutions that provide advanced video
streaming and recording capabilities.
Based on this order, Maris-Tech will develop a novel,
miniaturized, low-power system with narrow-band wireless
communication designed for intelligence gathering and other defense
applications. The
“Maris-Tech is positioned as a global leader in developing
intelligent video transmission and miniaturization technologies. We
continue to demonstrate the capabilities of our integrated
solutions to support a wide range of intelligence gathering and
defense applications and meet evolving demands of modern warfare,
as evidenced by new orders from returning customers,” said Israel
Bar, CEO of Maris-Tech.
About Maris-Tech Ltd.
Maris-Tech is a B2B provider of video streaming and AI
technology, founded by veterans of the Israeli technology sector
with extensive electrical engineering and imaging experience. Our
products are designed to meet the growing demands of commercial and
tactical applications, delivering high-performance, compact, low
power, and low latency solutions to companies worldwide, including
leading electro-optical payload, RF datalink and unmanned platform
manufacturers as well as defense, homeland security, and
communication companies. For more information,
visit https://www.maris-tech.com.
Forward-Looking Statement Disclaimer
This press release contains “forward-looking statements” within
the meaning of Section 27A of the Securities Act of 1933, as
amended, and Section 21E of the Securities Exchange Act of 1934, as
amended, that are intended to be covered by the “safe harbor”
created by those sections. Forward-looking statements, which are
based on certain assumptions and describe our future plans,
strategies and expectations, can generally be identified by the use
of forward-looking terms such as “believe,” “expect”,” “may”,
“should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,”
“anticipate” or other comparable terms. For example, we are using
forward-looking statements when we are discussing the new order,
the solution that the Company will develop based on the new order,
the capabilities of the Company’s solutions to support a wide range
of intelligence gathering and defense applications and meet
evolving demands of modern warfare. Because forward-looking
statements relate to the future, they are subject to inherent
uncertainties, risks and changes in circumstances that are
difficult to predict and many of which are outside of our control.
Our actual results and financial condition may differ materially
from those indicated in the forward-looking statements. Therefore,
you should not rely on any of these forward-looking statements.
Important factors that could cause our actual results and financial
condition to differ materially from those indicated in the
forward-looking statements include, among others, the following:
our ability to successfully market our products and services,
including in the United States; the acceptance of our products and
services by customers; our continued ability to pay operating costs
and ability to meet demand for our products and services; the
amount and nature of competition from other security and telecom
products and services; the effects of changes in the cybersecurity
and telecom markets; our ability to successfully develop new
products and services; our success establishing and maintaining
collaborative, strategic alliance agreements, licensing and
supplier arrangements; our ability to comply with applicable
regulations; and the other risks and uncertainties described in the
Annual Report on Form 20-F for the year ended December 31, 2023,
filed with the SEC on March 21, 2024, and our other filings with
the SEC. We undertake no obligation to publicly update any
forward-looking statement, whether written or oral, that may be
made from time to time, whether as a result of new information,
future developments or otherwise.
Investor Relations:Nir Bussy, CFOTel:
+972-72-2424022Nir@maris-tech.com
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