Maris-Tech Receives Purchase Order for $660,000 from a New Customer Based in Australia
January 13 2023 - 8:30AM
Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech” or the "Company"), a
B2B provider of intelligent video transmission technology with AI
acceleration for edge platforms, today announced the expansion of
the Company's global reach, following the receipt of a $660,000
purchase order from a new customer based in Australia.
The purchase order is for Onyx, a product which is based on a
Jupiter AI derivative platform. The product will allow the customer
enhanced AI capabilities for vehicle’s video management system
(VMS) used in the Homeland Security (HLS) sector.
The Company expects to deliver the order during 2023.
“We continue to execute our business growth strategy, including
the expansion to new territories, obtaining new customers and
partners and offering advanced new products," said Israel Bar,
Chief Executive Officer of Maris-Tech. "We believe that this new
order along with our recent orders, including the previous $1.1
million purchase order from leading Israeli defense company, are
testimonies for our strong product and technology offerings as well
as the growing interest around the Company's solutions."
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 purchase
order placed from the new customer, the potential impact the Onyx
platform will have on our customer’s operations, our ability to
deliver the order during 2023, our future expansion to new
territories, obtaining new customers and partners, offering of
advanced new products and growing interest around the Company's
solutions. 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 Annual Report on Form 20-F for the
year ended December 31, 2021, filed with the 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
+972-72-2424022ir@maris-tech.com
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