Maris-Tech Receives New Order from Returning Customer, a Leading Company in the Israeli Defense Industry
August 31 2023 - 8:00AM
Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech” or the “Company”), a
B2B provider of edge AI accelerated video solutions for edge
platforms, today announced a new order from a repeat customer,
a leading Israeli defense company for the Company’s advanced
Jupiter-Nano platform, which provides video streaming solutions on
advanced drone applications and is in a total amount of $120,000.
The miniature and lightweight platform will feature multiple
input raw video recording capabilities for armored vehicles. The
ability to record raw video in the field will enhance deep learning
capabilities primarily for AI-based situational awareness
applications. Maris-Tech intends to add raw video recording as a
standard feature in the entire Jupiter line.
“This new order from our customer serves as a testimony to our
long-standing successful relationship and further establishes
Maris-Tech’s position as a technological company in the field of
video recording and AI acceleration systems. This unique platform
will facilitate critical AI-based applications in the defense
market, and we anticipate a growing demand from the military for
this solution,” said Israel Bar, Chief Executive Officer of
Maris-Tech.
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 benefits,
capabilities and advantages of our Jupiter-Nano platform, our
intention to add additional features to our Jupiter products and
our position and continued expansion in the field of video
recording and AI acceleration systems. 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 on March 6, 2023,
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:
Nir Bussy, CFOTel:
+972-72-2424022Nir@maris-tech.com
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