Business
Maris-Tech Enters Into an Agreement with a Major Distributor in Turkey, Continuing the Company's Trend of Global Expansion
The agreement marks the extended reach of Maris-Tech's international marketing activity, following previous agreements in Australia and New Zealand Rehovot,
About this update from Maris-tech Ltd.
[{"type":"text","content":"The agreement marks the extended reach of Maris-Tech's international marketing activity, following previous agreements in Australia and New Zealand Rehovot, Israel, May 24, 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, today announced that it has entered into an agreement with IMCA Elektronik in Turkey (\"IMCA\"), a major distributor of products for defense, aviation, transportation, industrial and consumer electronics applications in Turkey. Pursuant to the agreement, Maris-Tech appointed IMCA as the Company's exclusive distributor in Turkey, and as such IMCA will promote and sell Maris-Tech products. Turkey has diversified, advanced and growing defense, aerospace and transportation industries, setting a $6 billion export target for 2023 in diverse areas after hitting a record $4.4 billion in arms exports in 2022*. \"We are honored to have IMCA as our exclusive distributor in Turkey, promoting the sale of Maris-Tech's cutting edge and unique products in new territory with one of the most advanced defense industries in the world. Cooperation with IMCA, an established and experienced distributor, enables us to continue our international expansion with entry into Turkey’s large and important market,\" said Israel Bar, CEO of Maris Tech. \"IMCA welcomes this opportunity to promote and distribute Maris-Tech's innovative technology, facilitating the sale of its products in Turkey. We look forward to a mutually beneficial, extended and productive working relationship,\" said Cemal ALPAY, Managing Director, IMCA. *Sources: CNBC, Daily Sabah 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\" ...