Today techs Maris-Tech Enters into Settlement with Main Protection

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The Firm has obtained first buy order for $200,000 in models

REHOVOT, Israel, Sept. 21, 2022 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech” or the “Firm”), a B2B supplier of clever video transmission know-how, at present introduced it has entered into an settlement with a number one Israeli protection firm for as much as $500,000 in buy orders for Maris-Tech’s Opal platform, which relies on its superior Jupiter AI platform. Pursuant to this settlement, the client has positioned a purchase order order for $200,000 in models and Maris-Tech expects extra orders to be positioned within the fourth quarter of 2022.

That is the Firm’s second order from the protection firm, which previous to this settlement positioned an order within the quantity of $300,000.

“For the second time, now we have obtained our buyer’s vote of confidence, leading to new orders. We proceed to see nice traction from main worldwide corporations with our superior merchandise,” stated Israel Bar, CEO of Maris-Tech. “Lately we launched Jupiter AI, our flagship product, which offers our prospects with distinctive capabilities based mostly on their particular person wants. We consider in Jupiter AI’s potential to develop into a vital part for surveillance merchandise and civilian utility.”

The Jupiter-AI platform is a good and environment friendly integration between Maris-Tech’s Jupiter-Nano and Hailo’s Hailo-8, an as much as 26 TOPS (Tera-Operations-Per-Second) AI accelerator, which offers an final {hardware} and software program resolution for distant platforms’ video streaming, recording, debriefing and AI on the edge, named “Maris Edge.” The Jupiter AI platform delivers real-time intelligence gathering and analytics based mostly situational consciousness capabilities from a number of sources and combines Maris-Tech’s functionality in video processing and synthetic intelligence.

About Maris-Tech Ltd.

Maris-Tech is a B2B supplier of clever video transmission know-how, based by veterans of the Israel know-how sector with in depth electrical engineering and imaging expertise. Our merchandise are designed to fulfill the rising calls for of economic and tactical functions, delivering high-performance, compact, low energy and low latency options to corporations worldwide, together with main electro-optical payload, RF datalink and unmanned platform producers in addition to protection, HLS, and communication corporations. For extra data, go to https://www.maris-tech.com/.

Ahead-Trying Assertion Disclaimer

This press launch incorporates “forward-looking statements” throughout the which means of Part 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Alternate Act of 1934, as amended, which might be supposed to be coated by the “protected harbor” created by these sections. Ahead-looking statements, that are based mostly on sure assumptions and describe our future plans, methods and expectations, can typically be recognized by means of forward-looking phrases comparable to “consider,” “anticipate,” “could,” “ought to,” “may,” “search,” “intend,” “plan,” “aim,” “estimate,” “anticipate” or different comparable phrases. For instance, we’re utilizing forward-looking statements after we are discussing the settlement with the main Israeli protection firm and today techs the acquisition orders positioned or that we anticipate will likely be positioned pursuant to the settlement and our today techs perception that it represents the client’s vote of today techs confidence in us and our expectation that we are going to proceed to see nice traction from main worldwide corporations with our superior merchandise and the Jupiter AI platform’s, together with Maris Edge’s, potential to develop into a vital part for surveillance merchandise and civilian utility. Ahead-looking statements are neither historic details nor assurances of future efficiency. As an alternative, they’re based mostly solely on our present beliefs, expectations and assumptions concerning the way forward for our enterprise, future plans and techniques, projections, anticipated occasions and developments, the economic system and different future circumstances. As a result of forward-looking statements relate to the long run, they’re topic to inherent uncertainties, dangers and modifications in circumstances which might be troublesome to foretell and plenty of of that are exterior of our management. Our precise outcomes and monetary situation could differ materially from these indicated within the forward-looking statements. Due to this fact, you shouldn’t depend on any of those forward-looking statements. Vital elements that would trigger our precise outcomes and monetary situation to vary materially from these indicated within the forward-looking statements embody, amongst others, the next: our capability to efficiently market our services and products, together with in the US; the acceptance of our services and products by prospects; our continued capability to pay working prices and talent to fulfill demand for our services and products; the quantity and nature of competitors today techs from different safety and telecom services and products; the consequences of modifications within the cybersecurity and telecom markets; our capability to efficiently develop new services and products; our success establishing and sustaining collaborative, strategic alliance agreements, licensing and provider preparations; our capability to adjust to relevant rules; and the opposite dangers and uncertainties described within the Annual Report on Type 20-F for the yr ended December 31, 2021, filed with the SEC and our different filings with the SEC. We undertake no obligation to publicly replace any forward-looking assertion, whether or not written or oral, that could be made sometimes, whether or not because of new data, future developments or in any other case.

Investor today techs Relations:

Michal Efraty,
Adi and Michal PR- IR
Investor Relations, Israel

+972-(0)52-3044404
michal@efraty.com

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