Maris-Tech Receives Acquire Order of $1.1 Million from a Main Israeli Protection Corporate

The acquire order is for the Company’s complex AI video answers

REHOVOT, Israel, Dec. 27, 2022 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech” or the “Corporate”), a B2B supplier of clever video transmission era with AI acceleration for edge platforms, nowadays introduced a significant milestone with the receipt of a $1.1 million acquire order for a spinoff made of its Jupiter AI platform, from a number one Israeli protection corporate buyer, an present buyer of the Corporate.

The order won for the Corporate’s new product, Jade, which is in line with a Jupiter AI by-product platform, a sophisticated and multi-stream codec, is the results of a decent and environment friendly integration between Maris-Tech’s Jupiter-Nano and Hailo’s Hailo-8™ AI accelerator with as much as 26 tera operations in step with 2d (TOPS). This integration supplies an final {hardware} and tool answer for far flung platforms, named “Maris Edge,” enabling video streaming, recording, debriefing and AI on the edge.

“We’re extraordinarily proud to have won this acquire order from a revered Israeli protection corporate which has been operating with us for a few years. That is the biggest acquire order the corporate has won to this point.” mentioned Israel Bar, Leader Government Officer of Maris-Tech. “Jupiter AI is a formidable and dependable platform, and we’re assured that it’ll ship remarkable effects for our buyer. We’re excited to look the affect it’ll have on their operations and stay up for long term alternatives to paintings in combination.”

“Maris-Tech is dedicated to proceeding to innovate and ship top-quality Edge AI video streaming answers to its shoppers and appears ahead to long term expansion and luck,” Bar added.

In keeping with Allied Marketplace Analysis, the video analytics marketplace is predicted to succeed in $21.7 billion by way of 2027, registering compound annual expansion price (CAGR) of twenty-two.7% from 2020 to 2027. This expansion is being pushed by way of the lightning-speed adoption of AI applied sciences, the recognition of self reliant platforms, and the desire for edge computing to procedure the hundreds of information being generated in real-time from those platforms.

About Maris-Tech Ltd.

Maris-Tech is a B2B supplier of clever video transmission era, based by way of veterans of the Israel era sector with in depth electric engineering and imaging revel in. Our merchandise are designed to satisfy the rising calls for of business and tactical packages, handing over high-performance, compact, low energy and occasional latency answers to firms international, together with main electro-optical payload, RF datalink and unmanned platform producers in addition to protection, HLS, and verbal exchange firms. For more info, seek advice from https://www.maris-tech.com/.

Ahead-Having a look Commentary Disclaimer

This press unencumber accommodates “forward-looking statements” inside the that means of Segment 27A of the Securities Act of 1933, as amended, and Segment 21E of the Securities Alternate Act of 1934, as amended, which might be supposed to be coated by way of the “protected harbor” created by way of the ones sections. Ahead-looking statements, that are in line with sure assumptions and describe our long term plans, methods and expectancies, can usually be known by way of forward-looking phrases equivalent to “imagine,” “be expecting,” “would possibly,” “will have to,” “may just,” “search,” “intend,” “plan,” “purpose,” “estimate,” “look ahead to” or different similar phrases. As an example, we’re the usage of forward-looking statements once we are discussing the acquisition order positioned from the main Israeli protection corporate, the possible affect the platform of the Jupiter AI may have on our buyer’s operations and the long run alternatives to paintings in combination. Ahead-looking statements are neither historic details nor assurances of long term functionality. As an alternative, they’re based totally best on our present ideals, expectancies and assumptions relating to the way forward for our trade, long term plans and techniques, projections, expected occasions and traits, the economic system and different long term prerequisites. As a result of forward-looking statements relate to the long run, they’re topic to inherent uncertainties, dangers and adjustments in cases which might be tricky to expect and lots of of that are outdoor of our regulate. Our precise effects and monetary situation would possibly vary materially from the ones indicated within the forward-looking statements. Subsequently, you will have to no longer depend on any of those forward-looking statements. Vital elements that would reason our precise effects and monetary situation to vary materially from the ones indicated within the forward-looking statements come with, amongst others, the next: our talent to effectively marketplace our services, together with in america; the acceptance of our services by way of shoppers; our persisted talent to pay working prices and skill to satisfy call for for our services; the quantity and nature of festival from different safety and telecom services; the consequences of adjustments within the cybersecurity and telecom markets; our talent to effectively expand new services; our luck setting up and keeping up collaborative, strategic alliance agreements, licensing and provider preparations; our talent to agree to appropriate rules; and the opposite dangers and uncertainties described within the Annual File on Shape 20-F for the yr ended December 31, 2021, filed with the SEC and our different filings with the SEC.  We adopt no legal responsibility to publicly replace any forward-looking remark, whether or not written or oral, that can be made once in a while, whether or not on account of new data, long term tendencies or another way.

Investor Family members:

Michal Efraty,
Adi and Michal PR- IR
Investor Family members, Israel

+972-72-2424022
ir@maris-tech.com

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