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Maris-Tech Ltd. Secures $2 Million Financing to Strengthen its Capital Structure and Support Commercial and U.S. Market Initiatives
Globenewswire· 2025-11-28 18:50
Core Viewpoint - Maris-Tech Ltd. has entered into Note Purchase Agreements with institutional investors, issuing non-interest bearing convertible promissory notes totaling $2,000,000 to enhance its capital structure and support U.S. market activities [1][2]. Group 1: Financial Details - The company issued convertible promissory notes with an aggregate principal amount of $2,000,000, intended for working capital and general corporate purposes [1]. - The Notes are convertible into ordinary shares, with specific conversion periods: an initial window starting six months after issuance and full convertibility beginning twelve months after issuance [2]. - Any remaining principal under the Notes will automatically convert after twenty-four months, subject to a conversion price floor [2]. Group 2: Regulatory Information - The Notes and the ordinary shares issued upon conversion are part of a private placement exempt from the registration requirements of the Securities Act of 1933, meaning they cannot be offered or sold in the U.S. without an effective registration statement or applicable exemption [3]. Group 3: Company Overview - Maris-Tech is a leader in video and AI-based edge computing technology, focusing on intelligent video transmission solutions for various industries, including defense and aerospace [4]. - The company offers lightweight, low-power products that provide high-performance capabilities such as raw data processing and AI-driven analytics [4].
Maris-Tech Introduces Garnet: A Compact, Low-Power Video and AI Payload for Miniature Drones
Globenewswire· 2025-11-17 14:10
Core Viewpoint - Maris-Tech Ltd. has launched Garnet, an integrated video and AI payload designed for miniature drones, enhancing capabilities in the defense sector [1][2][5]. Product Overview - Garnet combines thermal and day imaging with onboard AI, adaptive communication, and a radio frequency datalink, providing a compact and low-power solution for unmanned aerial systems [1][3]. - The system supports full mission functionality, including low-latency video streaming, onboard recording, AI models, and connectivity to drone autopilot systems [3][4]. Market Position - The launch of Garnet represents Maris-Tech's strategic shift towards offering turnkey solutions specifically for the rapidly growing miniature drone market [5]. - A leading defense industry customer has already placed orders for samples of Garnet, indicating strong initial interest [2]. Technological Advantages - Garnet's unified payload approach allows drone manufacturers to shorten development cycles and improve mission reliability while leveraging AI-enhanced situational awareness [4]. - The system is designed for high-performance Intelligence, Surveillance, and Reconnaissance (ISR) in size, weight, and power-constrained environments [4]. Company Background - Maris-Tech is recognized as a global leader in video and AI-based edge computing technology, focusing on intelligent video transmission solutions for various industries, including defense and aerospace [5].
Maris-Tech Receives Repeat Opal System Order from a Leading Israeli Defense Company
Globenewswire· 2025-11-14 14:10
Core Insights - Maris-Tech Ltd. has received a new purchase order worth approximately $230,000 for its Opal ruggedized video intelligence system from a leading Israeli defense company, bringing the total orders from this customer to around $1.7 million, indicating strong customer confidence in the product [1][2]. Group 1: Product Overview - Opal is a tactical edge computing system that integrates advanced AI acceleration with ultra-low latency streaming, designed for superior processing of video, audio, and telemetry data [3]. - The system is built to endure harsh environmental conditions and meets MIL-STD requirements, ensuring robust performance in challenging scenarios where reliability and low size, weight, and power (SWaP) consumption are critical [3]. Group 2: Market Position and Growth - The latest order signifies a milestone in the increasing adoption of Opal in advanced defense applications, further expanding Maris-Tech's presence in the Israeli market and enhancing the platform's reputation among key end users [4]. - The CEO of Maris-Tech emphasized that this order reflects strong confidence from a long-term customer, reinforcing the value of ruggedized and reliable edge-video technology [5]. Group 3: Company Background - Maris-Tech is recognized as a global leader in video and AI-based edge computing technology, specializing in intelligent video transmission solutions that address complex encoding-decoding challenges [5]. - The company offers miniature, lightweight, and low-power products that provide high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics, serving various industries such as defense, aerospace, and communication [5].
Maris-Tech Enters Quantum Navigation Field with Strategic Agreement to Develop Quantum-Based Gyroscope to Replace GPS Navigation
Globenewswire· 2025-11-13 21:05
Core Viewpoint - Maris-Tech Ltd. has entered into a collaboration agreement with Quantum Gyro Ltd. to develop an advanced navigation system called ME-Nav, which integrates edge AI computing with quantum gyroscope technology for GPS-denied environments [2][3][6] Company Overview - Maris-Tech is a global leader in video and AI-based edge computing technology, focusing on intelligent video transmission solutions for defense, aerospace, and communication industries [7][8] - Quantum Gyro specializes in quantum-enhanced inertial sensors for high-precision navigation, aiming to reduce reliance on GPS due to its vulnerability to disruptions [5][9] Collaboration Agreement Details - The collaboration will lead to the formation of a new entity, NewCo, which will be jointly owned by Maris-Tech (51%) and Quantum Gyro (49%) [4][7] - The development of ME-Nav is expected to progress over the next 24 months with defined milestones and a target budget of approximately $1 million [6][7] - Maris-Tech will have exclusive global rights to manufacture, market, and distribute the ME-Nav product line [7] Technology Integration - ME-Nav is designed for mission-critical applications where GPS is unavailable, including military operations and autonomous systems [3][6] - The integration of Maris-Tech's edge AI computing platform with Quantum Gyro's quantum gyroscope technology aims to provide a lightweight, low-power navigation solution [6][9]
Maris-Tech Announces Strategic Collaboration Agreement with Quantum Gyro to Develop Quantum Based Gyroscope to Replace GPS Navigation
Globenewswire· 2025-11-10 14:00
Core Viewpoint - Maris-Tech Ltd. has entered into a collaboration agreement with Quantum Gyro Ltd. to develop an advanced navigation system called ME-Nav, which integrates edge AI computing with quantum gyroscope technology for GPS-denied environments [2][3][6] Company Overview - Maris-Tech is a leader in video and AI-based edge computing technology, providing intelligent video transmission solutions for defense, aerospace, and communication industries [7] - Quantum Gyro specializes in quantum-enhanced inertial sensors aimed at high-precision navigation in environments where GPS is unavailable [9] Collaboration Agreement Details - The collaboration will result in the formation of a new jointly owned entity (NewCo) to commercialize the ME-Nav system [4][8] - Maris-Tech will hold a 51% ownership stake in NewCo, while Quantum Gyro will own 49% [8] Technology and Application - ME-Nav is designed for mission-critical applications such as military operations, urban warfare, and autonomous systems, where GPS signals may be jammed or unavailable [3][6] - The technology aims to reduce reliance on GPS, addressing the vulnerabilities associated with traditional navigation systems [5][9] Development and Commercialization - Development is expected to progress over the next 24 months with defined milestones and a target budget of approximately $1 million [6][8] - Maris-Tech will have exclusive global rights to manufacture, market, and distribute the ME-Nav product line [8]
Maris-Tech and FlightOps Announce Joint Edge-AI and Video Payload Platform for Autonomous Drone Operations
Globenewswire· 2025-11-05 11:10
Core Insights - Maris-Tech and FlightOps have entered a non-exclusive feasibility collaboration agreement to develop a joint edge-AI and video payload platform that integrates Maris-Tech's Uranus-Drones hardware with FlightOps' autonomous command-and-control application [1][3] - The collaboration aims to enhance drone operations by merging onboard AI video processing with autonomous flight management, enabling real-time detection, tracking, and decision support [2][3] - The platform is designed for small unmanned aerial vehicles (UAVs) and is optimized for various applications including inspection, logistics, public safety, and perimeter security [2][3] Company Overview - Maris-Tech is a leader in video and AI-based edge computing technology, focusing on intelligent video transmission solutions and serving industries such as defense, aerospace, and homeland security [4] - FlightOps specializes in autonomous drone and air mobility software, providing AI-driven flight automation and multi-drone command solutions that enhance scalability and safety in aerial operations [5] Strategic Implications - The collaboration is expected to open new commercial drone markets by combining edge AI, secure video, and BVLOS connectivity in a compact, low-power package [3] - The integration of FlightOps' robot-pilot platform with Maris-Tech's technology aims to empower manufacturers and solution providers to transition from manual piloting to fully autonomous operations, enhancing performance, safety, and efficiency across various industries [3][5]
Maris-Tech Appoints Hananya Malka as Chief Technology Officer
Globenewswire· 2025-10-27 12:10
Core Viewpoint - Maris-Tech Ltd. has appointed Hananya Malka as the new Chief Technology Officer, succeeding Magenya Roshanski, who is retiring after many years of service, indicating a strategic move towards continued innovation in video and AI edge computing technology [1][3]. Company Overview - Maris-Tech is recognized as a global leader in video and AI-based edge computing technology, specializing in intelligent video transmission solutions that address complex encoding-decoding challenges [4]. - The company offers miniature, lightweight, and low-power products that provide high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics [4]. - Founded by veterans of the Israeli technology sector, Maris-Tech serves major manufacturers in defense, aerospace, intelligence gathering, homeland security, and communication industries [4]. Leadership Transition - Hananya Malka has been with Maris-Tech for 15 years, previously serving as the research and development manager, where he led the development of advanced video processing systems for defense and security applications [2]. - The CEO of Maris-Tech, Israel Bar, emphasized Mr. Malka's integral role in the company's engineering success and expressed confidence in his ability to advance the technology roadmap [3].
Maris-Tech to Demonstrate AI-Powered Situational Awareness and Edge Computing Solutions at AUSA 2025
Globenewswire· 2025-10-09 12:10
Core Insights - Maris-Tech Ltd. is participating in the AUSA 2025 Annual Meeting and Exposition, showcasing its AI-powered video intelligence and edge computing solutions for defense applications [2][3] - The company aims to provide military forces with advanced situational awareness tools to enhance decision-making in challenging environments [3] Company Overview - Maris-Tech is a leader in video and AI-based edge computing technology, focusing on intelligent video transmission solutions [4] - The company offers lightweight, low-power products that excel in raw data processing, seamless transfer, advanced image processing, and AI-driven analytics [4] - Founded by veterans of the Israeli technology sector, Maris-Tech serves various industries, including defense, aerospace, intelligence gathering, homeland security, and communications [4] Product Highlights - The company will demonstrate three key products at AUSA 2025: - **Dimond Ultra**: A ruggedized 360° 3D situational awareness platform for armored fighting vehicles [3] - **Peridot Night**: An advanced AI-driven thermal/day camera system for enhanced situational awareness [3] - **Uranus Drones**: A lightweight drone edge computing video payload designed for low power consumption [3]
Maris-Tech Introduces Peridot Night: Advanced Thermal and Day Camera Solution for 360° Situational Awareness
Globenewswire· 2025-09-29 12:10
Core Insights - Maris-Tech Ltd. has launched Peridot Night, an AI-driven edge computing platform aimed at enhancing situational awareness and operational decision-making for military and homeland security applications [1][3][5] - The product will be showcased at AUSA 2025, indicating the company's commitment to engaging with key industry stakeholders [2] Product Features - Peridot Night utilizes Maris' Jupiter-AI edge computing platform, integrating three thermal cameras and one full-HD day camera to provide 90° panoramic video streams [3] - The system offers AI-based threat detection and local recording capabilities, ensuring reliable real-time intelligence in challenging environments [3] - It can be mounted on various platforms, including armored vehicles and unmanned systems, and when used in groups, it provides full 360° situational awareness [4] Strategic Positioning - The launch of Peridot Night positions Maris-Tech higher in the defense technology value chain, addressing a significant market need for advanced situational awareness solutions [5] - The company aims to deliver meaningful benefits to operators globally, reflecting confidence in the product's potential impact [5] Company Overview - Maris-Tech is recognized as a leader in video and AI-based edge computing technology, focusing on intelligent video transmission solutions [5] - The company serves various sectors, including defense, aerospace, intelligence gathering, and homeland security, emphasizing its role in mission-critical applications [5]
Maris-Tech Announces Financial Results for the Six Months Ended June 30, 2025
Globenewswire· 2025-09-26 20:04
Core Viewpoint - Maris-Tech Ltd. is focusing on advancing AI-powered video streaming and edge computing solutions for the defense and homeland security markets despite facing challenges in the first half of 2025 [1][3]. Financial Performance - Revenues for the six months ended June 30, 2025, were $707,021, a significant decrease from $3,410,258 for the same period in 2024, representing a decline of approximately 79.3% [2]. - The net loss for the six months ended June 30, 2025, was $2,388,294, compared to a net income of $131,797 for the same period in 2024, indicating a shift from profitability to a loss [2]. - Total cash and cash equivalents as of June 30, 2025, were $2,769,901, an increase from $2,294,679 as of June 30, 2024, showing a positive cash flow trend despite the losses [2]. Company Overview - Maris-Tech is recognized as a global leader in video and AI-based edge computing technology, specializing in intelligent video transmission solutions that address complex encoding-decoding challenges [4]. - The company offers miniature, lightweight, and low-power products that provide high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics [4]. - Founded by veterans of the Israeli technology sector, Maris-Tech serves leading manufacturers in defense, aerospace, intelligence gathering, homeland security, and communication industries, driving innovation in mission-critical applications [4].