Business
Maris-Tech Receives New Order For $550,000 From A Company In The Defense Industry For a Unique Intelligence-Gathering Situational Awareness Solution For Armored and Autonomous Vehicles
The solution is based on Maris-Tech’s powerful Jupiter AI platform and features advanced capabilities Rehovot, Israel, Nov. 22, 2023 (GLOBE NEWSWIRE) --
About this update from Maris-tech Ltd.
[{"type":"text","content":"The solution is based on Maris-Tech’s powerful Jupiter AI platform and features advanced capabilities Rehovot, Israel, Nov. 22, 2023 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a B2B provider of artificial intelligence (“AI”)-accelerated video solutions for edge platforms, today announced that it has received a new order for approximately $550,000 (the customer also has an option to increase the amount of the order to approximately $687,500) from a leading company in the defense industry for a customized solution that will provide armored and autonomous vehicles with enhanced situational awareness. The innovative situational awareness system will be based on the Company’s Jupiter AI platform. The sophisticated system will incorporate advanced video streaming and recording as well as AI capabilities, providing armored and autonomous vehicles with critical real-time intelligence. “We believe this new order is a continued validation of the unique capabilities of Maris-Tech’s technologies as we continue to develop advanced video payload solutions and AI-based intelligence gathering solutions to meet diverse customer needs,” said Israel Bar, 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, homeland security, and communication companies. For more information, visit https://www.maris-tech.com. Forward-Looking Statement DisclaimerThis 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 “b...