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Maris-Tech Enters Into an Agreement With a Major Distributor in India
The distribution agreement will expand Maris-Tech's presence in the Indian market and promote sales of all the Company's products Rehovot, Israel, Aug. 30,
About this update from Maris-tech Ltd.
[{"type":"text","content":" The distribution agreement will expand Maris-Tech's presence in the Indian market and promote sales of all the Company's products Rehovot, Israel, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech” or the “Company”), a B2B provider of edge AI accelerated video solutions for edge platforms, announced today that it entered into a distribution agreement with Precision Electronics Ltd. (“PEL”) in India, a leading systems integrator and value-added reseller for C4I2SR solutions establishing PEL as master distributor for Maris-Tech’s products in India, with the license to sell and promote all Maris-Tech’s solutions and custom products as determined by the Company. \" PEL is an established and experienced company, and as our master distributor in India will facilitate the promotion and sales of our unique, cutting-edge products. We are confident that this agreement will expand the reach of Maris-Tech's innovative and powerful solutions throughout India, and we look forward to a mutually beneficial, productive and successful cooperation,\" said Israel Bar, Chief Executive Officer of Maris-Tech. \"This is a unique opportunity for our company to promote Maris-Tech's innovative AI edge computing and video streaming solutions in India. The true potential of the Maris-PEL partnership is to transform Electro-Optic Surveillance solutions in India into “Smart” systems that enable better Situational Awareness and Decision-making,\" added Nikhil Kanodia, PEL’s President. 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 future sales of our products in India, our expansion in the Indian market and the anticipated benefits of the ...