Maris-Tech was Chosen by Governmental Agency to Develop and Deliver Automotive related Video Solution
April 04 2023 - 7:51AM
Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the
"Company"), a B2B provider of intelligent video transmission
technology with artificial intelligence (AI) acceleration for edge
platforms, today announced that it has been selected by a
governmental agency to develop and deliver the Jupiter Automotive,
a Home Land Security ("HLS"), automotive related, video solution
based on the Company’s Jupiter platform. This solution will become
a technology enabler for a variety of automotive applications in
the defense, HLS and commercial markets. The order is in the amount
of $100,000 and it is expected to be delivered to the customer
during the year 2023.
"We are happy to have been awarded this important project by the
governmental agency. The Jupiter Automotive may be incorporated in
the future into Maris Edge, combined with AI capabilities, and
become an important building block for advanced AI based automotive
applications," Said Israel Bar, Chief Executive Officer of
Maris-Tech.
Jupiter is a low latency video encoding and decoding platform
designed to handle multiple video channels. Jupiter 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.
The Jupiter, and other advance products that are based on its
platform, including Jupiter NANO and Jupiter- AI, are being sold
today around the world, using the Company's marketing channels.
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 our commitment to
expand the global awareness of our unique solutions and continuing
search for leading experts in our operational sectors to better
enhance our core business, obtaining new customers and fast-forward
our goal of creating networking base for us. 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, 2022,
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:
+972-72-2424022ir@maris-tech.com
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