Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech”), a
B2B provider of intelligent video transmission technology, today
announced it received a purchase order from Goldtec Technologies
Ltd. (“Goldtec”), a global leader in military-grade digital video
recording solutions, to supply an advanced video recording and
interrogation system technology to a leading defense Organization
in the amount of approximately $68,000.
“We believe this purchase order, which was received before the
completion of product development, demonstrates the high demand for
this new and innovative solution based on our Neptune Pro product
and Goldtec’s military digital video recording technologies,” said
Israel Bar, CEO of Maris-Tech. “This is the first of what we
believe will be many orders as we seek to scale the rollout of this
technology.”
Maris-Tech is collaborating with military digital video
recorders (“Military DVRs”), a business division of Goldtec to
jointly develop the new state-of-the-art video technology, which is
being designed for defense and security applications.
The new product will be based on Maris-Tech's Neptune Pro, an
intelligent video surveillance solution, provides robust, reliable
communication with high-quality video and audio capture, encoding,
decoding, transcoding and display, forward error correction, raw
data pre-processing, and low latency streaming over Ethernet.
Neptune Pro platforms processing capabilities support a wide range
of analytics features. Goldtec's Military DVRs, leverage the power
of a full-function high-end digital video recorder with a compact
profile and high-quality display.
The joint product will be marketed to defense and surveillance
applications that seek to use advanced video display and digital
recording systems in low latency.
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/.
About Goldtec
Technologies Ltd.
Goldtec Technologies Ltd. is an Israel-based manufacturer,
agent, distributor and integrator of technological systems. Our
subsidiaries include Goldtec Multimedia & Control Systems Ltd.,
Military DVRs and Thermal Beacon Ltd. The company was founded in
1989 and operates in five business fields:
Military & security, communication solutions, robotic &
automation for logistic, energy and ground support equipment for
airports. Goldtec does so in two complementary and integrated ways:
Goldtec operates as an exclusive distributor of technological
solutions and as a product manufacturer through her own companies
and subcontractors throughout the world.
Between Goldtec Group's regular customers:
The Israel Defense Forces (IDF), NATO
Armies, leading military industries and defense prime contractors
from Israel and the world.
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 product to be
developed in collaboration with Goldtec pursuant to the purchase
order, the potential demand for the product, future purchase orders
for the product once developed and the marketing of the product to
defense and surveillance applications. 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,
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
Registration Statement on Form F-1, as amended, filed with the SEC
related to our initial public offering 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
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