Maris-Tech Wins First Major U.S. Customer; Receives Purchase Order from Top Surveillance Manufacturer for $300,000
April 19 2022 - 9:00AM
Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech”), a
B2B provider of intelligent video transmission technology, today
announced it has received a $300,000 purchase order from a leading
manufacturer and distributor of advanced, high resolution
surveillance equipment. The order represents the first significant
direct customer of the Company in the United States.
“A key goal for Maris-Tech in 2022 is to establish
a footprint in the North American market with a specific focus on
the U.S. market, and this purchase order is an important milestone
achievement toward meeting our goal,” said Israel Bar, CEO of
Maris-Tech. “We believe that the new order also demonstrates our
customer’s confidence in the quality of our advanced ultra-low
latency video streaming and real-time analytics solutions. I want
to thank Avi Gilor, our recently appointed North American marketing
manager, for his role in raising our awareness in the U.S. market
and accelerating our direct sales efforts.”
The purchase order was received for a new
Maris-Tech product, Amethyst. Amethyst is based on the Company’s
Jupiter-Nano technology and uses a 4/5G cellular modem,
guaranteeing high-quality, narrow-band and ultra-low-latency video
streaming over cellular networks.
Maris-Tech’s Jupiter platform delivers real-time
intelligence gathering and analytics based situational awareness
capabilities. Jupiter features intelligent video transmission
technologies with high quality video, superior energy efficiency,
and miniaturized form factor that is suitable for a wide range of
platforms and applications.
Amethyst will be marketed for 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/.
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
acceleration of our direct sales efforts in the United States, the
potential demand for Amethyst and the marketing of Amethysto
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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