First Order for Maris Tech from India - Maris-Tech received an order for $392,000 from a Leading Indian Company for Electro-Optical Solutions
July 13 2023 - 9:20AM
Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech” or the “Company”), a
B2B provider of edge computing AI-accelerated video solutions for
edge platforms, today announced that it had received a new
order from a leading Indian electro-optics and surveillance systems
provider.
The order is for a product based on Maris-Tech's innovative Mars
technology, featuring advanced video streaming and recording
capabilities, and it is expected to be delivered to the customer
during the year 2023.
"This new order emphasizes Maris-Tech's ever-expanding global
presence. We are very excited about this new market and this new
customer and are also looking forward to presenting our products to
a wider audience at the India Homeland Security Expo taking place
on July 26 and 27, 2023,” said Israel Bar, the Chief Executive
Officer of Maris-Tech.
About Maris-Tech Ltd.
Maris-Tech is a B2B provider of video streaming and AI
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, Maris is
using forward-looking statements when it is discussing the timing
of the expected delivery of its order from a leading Indian company
and that the new order emphasizes its ever-expanding global
presence. Forward-looking statements are neither historical facts
nor assurances of future performance. Instead, they are based only
on its current beliefs, expectations and assumptions regarding the
future of its 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 its control. Its 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 its actual results and financial condition to differ
materially from those indicated in the forward-looking statements
include, among others, the following: its ability to successfully
market its products and services, including in the United States;
the acceptance of its products and services by customers; its
continued ability to pay operating costs and ability to meet demand
for its 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; its ability to
successfully develop new products and services; its success
establishing and maintaining collaborative, strategic alliance
agreements, licensing and supplier arrangements; its 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 on March 6, 2023,
and its 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:
Nir Bussy, CFOTel: +972-72-2424022Nir@maris-tech.com
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