Maris-Tech Received a Repeat Order From a Leading Defense Company Customer
July 18 2022 - 9:00AM
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 purchase order of
more than $250,000 from a leading defense company customer. This is
its third order Maris-Tech has received from the customer for its
advanced Neptune-Split platform.
The Company's Neptune-Split platform is a unique
product that was previously designed as a custom-made product for
this customer. The product is currently a stand-alone product and
available for companies that are seeking advance video solutions
for defense application.
"We are pleased to receive a repeat order from this
leading defense company customer. We view this third large order as
a vote of confidence in our ability to provide our customers with
advanced and unique solutions. As many of our products, the
Neptune-Split platform was originally designed as a tailored-made
product for a leading defense company. As soon as new products are
developed and commercialized, we also offer them to all of our
existing and potential customers," said Israel Bar, Chief Executive
Officer of Maris-Tech.
The Neptune-Split platform is based on the
Company's miniature intelligent video surveillance solution, the
Neptune platform. The Neptune platform is a series of lightweight,
low power and modular video solutions, which provide real-time
intelligence gathering and situational awareness featuring high
quality video and robust wireless communication capabilities. The
Neptune series of miniaturized solutions are suitable for a wide
range of platforms and applications, ensuring reliable,
uninterrupted transmission.
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
advantages of Neptune-Split platform and our view of the customer’s
confidence in our products. 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 Company's Annual Report on Form 20-F
filed with the Securities and Exchange Commission, or SEC, 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:
Michal Efraty, Adi and Michal PR- IR Investor
Relations, Israel
+972-(0)52-3044404 michal@efraty.com
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