Maris-Tech to Co-Develop Video-Based Advanced AI Systems For Drones and Autonomous Vehicles
February 17 2022 - 8:30AM
Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech”), a B2B
provider of intelligent video transmission technology, today
announced it has signed a letter of intent with a fabless
semiconductor supplier to develop video-based edge computing
products.
The products will utilize Maris-Tech’s Jupiter
Nano, a part of the Jupiter series, a low latency video encoding
and decoding platform designed to handle multiple video channels.
Jupiter delivers real-time intelligence gathering and
analytics-based situational awareness capabilities, featuring
intelligent video transmission technologies with high quality
video, superior energy efficiency, and miniaturized form factors
suitable for a wide range of platforms and applications.
Jupiter will be combined with an artificial intelligence (AI)
component designed by the fabless semiconductor supplier to create
a new product that will potentially enhance a drone’s ability to
gather visual intelligence in military and commercial applications.
It will enhance target identification and act as an accelerator to
enable customers to run efficient intelligence algorithms and
improve the performance of the AI.
The target applications for the products will be indoor and
outdoor drones, unmanned miniature ground vehicles, loitering
munitions, observation systems, high-end sights, autonomous
vehicles and situational awareness devices.
The products will be designed to meet requirements of manned and
unmanned platforms equipped with high resolution video sensors for
video recording, debriefing and low-latency streaming as well as
high-end video-based AI capabilities. The products will also meet
requirements for miniaturization, low weight and low power.
About Maris-Tech Ltd.
Maris-Tech is a B2B provider of intelligent video transmission
technology, founded by veterans of the Israel 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, HLS, 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 signed letter
of intent with fabless semiconductor supplier and the products to
be developed pursuant to the letter of intent. Forward-looking
statements are neither historical facts nor assurances of future
performance. Instead, they are based only 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 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; 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 Registration Statement 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:
Dave Gentry, CEORedChip
Companiesdave@redchip.com1-800-733-2447
Michal Efraty,Adi and Michal PR- IRInvestor Relations,
Israel+972-(0)52-3044404 michal@efraty.com
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