Maris-Tech Secures a Significant $1 Million Order from a U.S. Repeat Customer in the Homeland Security Industry for Advanced Jupiter-based Video Solution
December 23 2024 - 8:40AM
Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the
“Company”), a global leader in video and artificial intelligence
(“AI”) based edge computing technology, today announced that it has
received a significant new order for $1 million. The order, placed
by a repeat customer located in the United States, is for a product
based on the Jupiter family and designed to meet the specific needs
of the homeland security (“HLS”) sector.
This new order highlights Maris-Tech’s growing presence and
strategic momentum in the U.S. market, and further establishes the
Company as a trusted provider of innovative video and AI edge
computing solutions for defense and HLS applications worldwide.
The order involves hundreds of units of this cutting-edge
technology, which combines compact size, robust performance, and
high-speed connectivity necessary to address mission-critical HLS
requirements related to intelligence, surveillance, and operational
efficiency.
“We are proud to announce this substantial order,” said Israel
Bar, Chief Executive Officer of Maris-Tech. “This achievement
strengthens our relationship with a valued returning customer and
demonstrates the growing recognition of our innovative solutions
within the HLS sector. As we move forward, Maris-Tech intends to
significantly expand its marketing efforts in the U.S., with a
focus on drones, defense and HLS applications.”
About Maris-Tech Ltd.
Maris-Tech is a global leader in video and AI-based edge
computing technology, pioneering intelligent video transmission
solutions that conquer complex encoding-decoding challenges. Our
miniature, lightweight, and low-power products deliver
high-performance capabilities including raw data processing,
seamless transfer, advanced image processing, and AI-driven
analytics. Founded by Israel technology sector veterans, Maris-Tech
serves leading manufacturers worldwide in defense, aerospace,
Intelligence gathering, homeland security (HLS) and communication
industries worldwide. We’re pushing the boundaries of video
transmission and edge computing, driving innovation in
mission-critical applications across commercial and defense
sectors.
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 repeat order
and the timing of delivery of the products; the development,
production and delivery of our product based on the Jupiter family
and the ability of such product to meet the specific needs of the
HLS sector; our growing presence and strategic momentum in the U.S.
market; our position as a trusted provider of innovative video and
AI edge computing solutions for defense and HLS applications
worldwide; our relationships with the returning customer and our
plans to significantly expand our marketing efforts in the U.S.
with a focus on drones, defense, and HLS applications. 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
service
s, 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, CFO Tel: +972-72-2424022 Nir@maris-tech.com
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