Maris-Tech Receives $300,000 Purchase Order from Leading Defense Company
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“We have seen an increase in demand for our unique products and technologies over the past few months, which has resulted in new orders and partnerships”
REHOVOT, Israel, June 09, 2022 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech”), a B2B provider of intelligent video transmission technology, today announced that it has received a $300,000 purchase order from a major Israeli defense company. The order form refers to Maris-Tech’s Opal platform, which is based on its advanced Jupiter AI platform.
“We have seen an increase in demand for our unique products and technologies over the past few months, which has resulted in new orders and new partnerships,” said Israel Bar, CEO of Maris-Tech. “Our technology platform allows us to adapt our solutions to our customers’ needs and thus expand our product portfolio. We enjoy a high level of trust from leading players in the defense and surveillance, greatly contributing to our reputation and recognition in the market”.
The purchase order has been received for Opal, Maris-Tech’s new hardened platform based on the Jupiter-AI platform, which is an integration of Jupiter-Nano and the Hailo AI accelerator.
Maris-Tech’s Jupiter AI platform provides real-time intelligence gathering and analytics-based situational awareness capabilities from multiple sources and combines Maris-Tech’s capabilities in video processing and of artificial intelligence. The Jupiter product line includes intelligent video transmission technologies with high quality video, superior power efficiency, and a miniaturized form factor that suits a wide range of platforms and applications.
About Maris-Tech Ltd.
Maris-Tech is a B2B provider of smart video transmission technology, founded by Israeli tech industry veterans with extensive experience in electrical engineering and imaging. Our products are designed to meet the growing demands of commercial and tactical applications, providing high-performance, compact, low-power and low-latency solutions to enterprises around the world, including leading electro-payload manufacturers. optical, RF datalink, and unmanned platforms as well as defense, HLS, and enterprise communications. For more information, visit https://www.maris-tech.com/.
Disclaimer of Forward-Looking Statements
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, which are intended to be covered by the “safe port” created by these 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 to “, “may”, “should”, “could”, “seek”, “intend”, “plan”, “goal”, “estimate”, “anticipate” or other comparable terms. , we use forward-looking statements when discussing the future adaptation of our solutions to our customers’ needs and the expansion of our product portfolio. Forward-looking statements are neither historical facts nor guarantees of future performance. Instead, they are based solely on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. 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 beyond our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Accordingly, you should not rely on any such forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those set forth in the forward-looking statements include, among others, the following: our ability to successfully market our products and services, including in the United States United ; customer acceptance of our products and services; our continued ability to pay operating costs and our ability to meet demand for our products and services; the extent and nature of competition from other security and telecommunications products and services; the effects of developments in the cybersecurity and telecoms markets; our ability to successfully develop new products and services; our success in establishing and maintaining collaborative agreements, strategic alliances, licensing and supplier agreements; our ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the fiscal year ended December 31, 2021, filed with the SEC and our other filings with the SEC. We undertake no obligation to update publicly any forward-looking statements, written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Michal Efraty, Adi and Michal PR- IR Investor Relations, Israel
+972-(0)52-3044404 [email protected]
Source: Maris-Tech Ltd.