Maris-Tech Announces $227,000 Order for Its Advanced Surveillance Systems from a UK Reseller
February 23 2022 - 8:00AM
Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the
“Company”), a B2B provider of intelligent video transmission
technology, today announced it has received a $227,000 purchase
order from the Company's reseller based in the United Kingdom, for
the Company’s advanced surveillance systems. This is the first
substantial order the Company has received to date, through the
distributor, from a single customer for a single project.
The order includes outlays for Maris-Tech’s products Neptune
Micro and Mercury Nano.
Neptune Micro is an end-to-end series of miniature intelligent
video surveillance products. With a series of lightweight, low
power and modular video solutions, Neptune Micro provides real-time
intelligence gathering and situational awareness capabilities,
featuring high quality video and robust wireless communication
capabilities. Neptune Micro is suitable for a wide range of
platforms and applications, ensuring reliable, uninterrupted
transmissions of visual data.
Mercury Nano is a series of dual-channel SD/HD H.265/4 encoders.
An advanced, dual-channel low power encoder system, Mercury Nano is
designed to integrate with a wide range of platforms and
applications requiring a lightweight, miniaturized form factor. The
advanced solution provides reliable real-time intelligence
gathering and situational awareness data while supporting multiple
streams on a single platform.
“We believe that the significance of this purchase order is not
necessarily its large amount, but rather, the fact that it is a
result of our long track record of serving customers in the UK and
our seamless relationship with our reseller,” Israel Bar, Chief
Executive Officer of Maris-Tech stated. “While we are proud of how
the marketplace has embraced our advanced technologies for
surveillance systems, we are also committed to establishing and
fostering strong long-term customer relationships. That’s why we’re
gratified, but not surprised, by an order of this magnitude.”
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 our
products and their advantages, the significance of the order from
the UK reseller and our commitment to establish and foster strong
long-term customer relationships. 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
CompaniesMTEK@redchip.com1-800-733-2447
Michal Efraty,Adi and Michal PR- IRInvestor Relations,
Israel+972-(0)52-3044404michal@efraty.com
Maris Tech (NASDAQ:MTEKW)
Historical Stock Chart
From Jun 2024 to Jul 2024
Maris Tech (NASDAQ:MTEKW)
Historical Stock Chart
From Jul 2023 to Jul 2024