Articles from Maris-Tech Ltd.

Expansion into a New Defense Market Reinforces Maris- Tech's Global Capabilities

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Nir Ben Moshe was Appointed as North America Regional Operations Manager

The advanced Jupiter-based video solution enables ultra speed and high data transfer for mission critical operations

Advanced market-ready solution now available with first order for hundreds of units to be delivered by year-end

Leading Video and AI-based Edge Computing Company Establishes U.S. Subsidiary to Accelerate Growth in the U.S. Defense and Homeland Security Sectors

Diamond Ultra integrates up to 12 high definition (“HD”) cameras, providing 360° 3D and airborne threat protection for Armored Fighting Vehicles (“AFV”). Powered by two Hailo AI processors, it enables real-time monitoring and AI-based analysis of video streams.

5G integrations for homeland security, safe cities, civil security and defense markets empowers next-generation video streaming technology

The patented method reduces overhead data required in the forward error correction process based on specific characteristics of streamed media communication

Revenues for the six-months ended June 30, 2024 were approximately $3.4 million, an increase of approximately 620% compared to the same period in 2023

Driven by robust demand for the Company's defense and AI-powered solutions, gross revenues for the six-month period ended June 30, 2024, increased by approximately 630%-720% compared to the same six-month period in 2023.

The customized high-end system will be designed for integration on armored vehicles

Rehovot, Israel, July 24, 2024 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW), a global leader in artificial intelligence (AI) based edge computing and video solutions, proudly announced today the launch of the Uranus-based Diamond System, an innovative 360° 3D situational awareness solution specifically designed for Armored Fighting Vehicles (AFVs). This advanced product aims to set a high standard in defense technology and operational excellence, looking to redefine the next generation of situational awareness edge computing solutions, and bring unparalleled performance and operational efficiency to the defense sector.

Maris-Tech integrated critical firmware and hardware to support AI algorithms embedded in LightPath's Infrared Cameras

This marks the third repeat order from the defense industry customer for this solution, which enables armored fighting vehicle (“AFV”) crews to detect and respond to dismounted threats

The advanced video payload ‎for drones will be based on Maris-Tech’s Uranus technology

The annual conference for U.S. and international special operations forces is expected to host more than 15,000 attendees

The unique solution for defense applications is based on the Mars platform technology

The Company will deliver a product for defense applications based on its powerful Jupiter Nano platform

The Preferred Partner status enables Maris-Tech to spearhead the advancement of edge computing solutions, aligning with both companies' dedication to innovation across crucial markets

The Company will host a webinar with investors on Tuesday, March 26, 2024 at 9:00 a.m., Eastern Time

Rehovot, Israel, Feb. 26, 2024 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK) ("Maris-Tech" or the "Company"), a B2B provider of edge computing artificial intelligence (AI) accelerated video solutions for edge platforms, today announced the launch of the Emerald, a Jupiter-based multiple-channel high-definition and standard-definition raw video recording platform especially designed for defense armored vehicles.

Total orders for the innovative, customized system from this customer climb to approximately $1,287,000

For a miniature low-power solution to enhance gun sight capabilities in tactical applications

Rehovot, Israel, Jan. 30, 2024 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK) ("Maris-‎Tech" or the "Company"), a B2B provider of edge computing artificial ‎intelligence (AI) accelerated video solutions for edge platforms, today announced that the Company’s backlog as of January 29, 2024, reached a record high of approximately $10,800,000.

The Company will develop an advanced surveillance solution based on the powerful Jupiter AI platform

Demand for the Company's defense and AI-powered solutions is expected to increase gross revenues by approximately 75% compared to the previous year

Preliminary 2023 Gross Revenues Expected to Be Approximately $4,000,000

The solution is based on Maris-Tech’s powerful Jupiter AI platform and features advanced capabilities

The Company is jointly developing an advanced AI and machine learning-based system with the Ben Gurion University to predict drone faults integrated on Maris-Tech systems

Order underscores the advanced capabilities, high performance and successful application of Maris-Tech’s innovative products in the defense market

REHOVOT, Israel, Oct. 24, 2023 (GLOBE NEWSWIRE) --  Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the "Company"), a B2B provider of intelligent video transmission technology with artificial intelligence (AI) acceleration for edge platforms, today announced that it has received written notice from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities, including the Company's ordinary shares, to maintain a minimum bid price of $1.00 per share.

Industry Veteran Adam Emanuel has been appointed to the Company's advisory board and Maris-Tech will partner with Altagrove LLC to promote the Company's innovative solutions for integration on various UAVs and unmanned platforms

Rehovot, Israel, Oct. 13, 2023 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a B2B provider of edge AI accelerated video solutions for edge platforms, today announced that it has received a written notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a grace period of 180 calendar days to regain compliance with the minimum bid price requirement. The Notice does not immediately affect the Company’s Nasdaq listing or the trading of its ordinary shares and warrants. During the grace period, as it may be extended, the Company’s ordinary shares and public warrants will continue to trade on Nasdaq under the symbol “MTEK” and “MTEKW”, respectively.

The comprehensive range of innovative solutions provides remote and autonomous platforms a technological edge in a wide range of law enforcement, homeland security and defense applications

The versatile solution is suitable for diverse drone needs and can be tailored to multiple camera configurations

Secured from U.K. distributor Antrica, the order underscores Maris-Tech's increasing foothold in the global drone market

Maris-Tech expects revenues of approximately $3.7 to $4.2 million in 2023, or increase of approximately 48% to 68% compared to 2022

Rehovot, Israel, Sept. 29, 2023 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a B2B provider of edge computing artificial intelligence (“AI”) accelerated video solutions for edge platforms, today announced its financial report for the six months ended June 30, 2023.

The Company continues to make inroads into the intelligence field among government agencies

The Company’s product will enable enhanced deep-learning AI applications on armored vehicles

Maris-Tech’s solutions are suitable for integration with all types of commercial unmanned platforms

Maris is sponsoring the conference and will be exhibiting innovative solutions for autonomous remote platforms

REHOVOT, Israel, July 17, 2023 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the "Company"), a B2B provider of intelligent video transmission technology with AI acceleration for edge platforms, today announced that it has received a written notice from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities, including the Company's ordinary shares, to maintain a minimum bid price of $1.00 per share.

The order marks Maris-Tech's penetration into the Indian Market

The joint presentation of AI-based solutions intended to further establish Maris-Tech's position in the homeland security market

The order follows Maris-Tech’s agreement with a major distributor in Turkey, Continuing the Company’s Trend of Global Expansion

The Israel Innovation Authority will provide Maris-Tech with a grant of 1.2 million NIS ($333 thousand) to support the first year development of an innovative system for onboard situation awareness for nanosatellite platforms.

Platform will allow cameras in space to take and transmit high-quality video and still images and implement edge AI algorithms in real-time

The agreement marks the extended reach of Maris-Tech's international marketing activity, following previous agreements in Australia and New Zealand

This is a repeat purchase order, representing the continued and successful deployment of Maris-Tech offerings

This agreement is the second order received from Art of Logic Australia for an AI product developed by Maris-Tech, and the largest product delivery agreement Maris-Tech has received to date

Rehovot, Israel, April 28, 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 received a written notice (the "Notice") from the Nasdaq Stock Market LLC ("Nasdaq") indicating that the Company is not in compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a grace period of 180 calendar days to regain compliance with the minimum bid price requirement. The Notice does not immediately affect the Company's Nasdaq listing or the trading of its ordinary shares and warrants. During the grace period, as may be extended, the Company's ordinary shares and warrants will continue to trade on Nasdaq under the symbol "MTEK" and “MTEKW”, respectively.

REHOVOT, Israel, April 04, 2023 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the "Company"), a B2B provider of intelligent video transmission technology with artificial intelligence (AI) acceleration for edge platforms, today announced that it has been selected by a governmental agency to develop and deliver the Jupiter Automotive, a Home Land Security ("HLS"), automotive related, video solution based on the Company’s Jupiter platform. This solution will become a technology enabler for a variety of automotive applications in the defense, HLS and commercial markets. The order is in the amount of $100,000 and it is expected to be delivered to the customer during the year 2023.

The company acquired 1.5% of its ordinary shares.

AOL has already placed a previously announced order of $660,000 for Onyx, an AI capabilities product which is based on a Jupiter AI derivative platform in January 2023

REHOVOT, Israel, March 03, 2023 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the "Company"), a B2B provider of intelligent video transmission technology with AI acceleration for edge platforms, reported the receipt of a formal notification from The Nasdaq Stock Market LLC ("Nasdaq") that the Company has regained compliance with Listing Rule 5550(a)(2), which requires the Company's ordinary shares to maintain a minimum bid price of $1.00 per share.

Ben Moshe will join the advisory board of Maris-Tech as a specialist advisor for business development and global marketing

The Company has formed a professional advisory board to accelerate its commercial and technological efforts

REHOVOT, Israel, Jan. 20, 2023 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech” or the "Company"), a B2B provider of intelligent video transmission technology with AI acceleration for edge platforms, today announced it has received a written notice (the “Notice”) from Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share. Under Nasdaq Listing Rule 5810(c)(3)(A), the Company has been granted a period of 180 calendar days to regain compliance with the minimum bid price requirement. The Notice has no immediate effect on the Company’s Nasdaq listing or the trading of its ordinary shares and warrants, and during the grace period, as may be extended, the Company’s ordinary shares and warrants will continue to trade on Nasdaq under the symbol “MTEK”.

This is the Company's first purchase order from Australia, representing expansion to new territories 

The new development follows the successful launch of Maris-Tech's flagship product, the Jupiter-AI, in mid-2022

The purchase order is for the Company's advanced AI video solutions

REHOVOT, Israel, Dec. 08, 2022 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech” or the "Company"), a B2B provider of intelligent video transmission technology, today announced that the Company's order backlog ("order backlog"), as of January 1, 2022, is approximately $3,360,000, of which approximately $968,000 was delivered and recognized as revenue during the six months ended June 30, 2022, approximately $364,000 has been delivered to customers from July 1,2022 through December 7, 2022, and the majority of the approximately $2,028,000 remaining is expected to be delivered and recognized as revenue by June 30, 2023.

The Jupiter-AI, multiple-stream video platform with edge artificial intelligence acceleration, will be showcased in the Hailo Hospitality Suite # 27121 at the The Westgate Hotel, Las Vegas North Tower, January 5-8, 2023

REHOVOT, Israel, Oct. 03, 2022 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech” or the “Company”), a B2B provider of intelligent video transmission technology, today announced that on September 30, 2022, it received approval from the Israeli court for its previously announced share repurchase plan (the “Repurchase Plan”), allowing the Company to use up to $1 million to repurchase its ordinary shares, no par value (the “Ordinary Shares”).  The approval is valid until March 31, 2023.