Maris-Tech Launches its Flagship Product- The Jupiter-AI, a High-End Multiple-Stream Video Platform with Edge Artificial Intelligence Acceleration
July 25 2022 - 9:00AM
Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW)
(“Maris-Tech” or the “Company”), a B2B provider of intelligent
video transmission technology, announced today the development
completion of its flagship product, the Jupiter-AI.
Maris-Tech has already received initial orders for the
Jupiter-AI as an OEM (Original Equipment Manufacturer) solution and
as a ruggedized platform within enclosure (the Opal), as well as
for its derivatives, that vary in terms of video interfaces and
mechanical structure.
The Jupiter-AI, a tight and efficient integration between
Maris-Tech’s Jupiter-Nano and Hailo’s Hailo-8 an, up to 26 TOPS
(Tera-Operations-Per-Second) AI accelerator, provides an ultimate
hardware and software solution for remote platforms’ video
streaming, recording, debriefing and AI at the edge, named “Maris
Edge.”
We believe the main features of the Jupiter AI are responsive to
the rapidly growing demand for (all in a single platform):
- miniature and light;
- low power;
- multiple- video sensors;
- high video quality over narrow-band
wireless networks;
- low-latency streaming; and
- powerful deep learning and AI
acceleration enabling object detection, classification, tracking
and other customers’ AI requirements in high framerate.
“We are pleased to announce the on-schedule launch of our
Jupiter-AI platform and are very proud of its performance. This is
a significant milestone that we believe places Maris-Tech at the
forefront of the edge video and AI technology with a solution that
is responsive to the remote platforms’ market needs. The Jupiter-AI
is competitive in all parameters and as such may have significant
influence on our future business,” said Israel Bar, Chief Executive
Officer of Maris-Tech.
The Jupiter-AI was presented at the Eurosatory exhibition in
June 2022 and first deliveries are expected in August 2022.
The Jupiter-AI addresses professional civilian, HLS and defense
markets. It may be used in autonomous vehicles, agriculture, visual
inspection, machine vision, search and rescue, intelligence
gathering, observation, situational awareness and automatic target
recognition applications when mounted on drones, robots, UVA
(Unmanned Aerial Vehicles), UVG (Unmanned Ground Vehicles),
loitering munition platforms, armored vehicles, missiles, etc.
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
Jupiter-AI, that Jupiter-AI is a significant milestone that places
Maris-Tech at the edge video and AI forefront of technology with a
solution that is responsive to the remote platforms’ market needs,
that Jupiter-AI may have significant influence on the Company’s
future business, and that first deliveries of Jupiter-AI are
expected in August 2022. 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- IRInvestor Relations,
Israel
+972-(0)52-3044404michal@efraty.com
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