The Company will Develop a New Product to Enable Advanced Tactical Video and Edge Computing Capabilities Rehovot, Israel, July 28, 2025 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a global leader in video and artificial intelligence (“AI”) - based edge computing technology, today announced that it has received a $144,000 order. The order, placed by a customer in the defense industry, is for the design and development of an advanced tactical video and AI-based p ...

Core Insights - Maris-Tech Ltd. is showcasing its AI-powered situational awareness platform, Diamond, at the Ground Vehicle Systems Engineering and Technology Symposium (GVSETS) in Michigan from August 12-14, 2025, emphasizing its commitment to the U.S. defense market [1][4]. Company Overview - Maris-Tech is 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 lightweight, low-power products that provide high-performance capabilities, including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics [5]. - Founded by veterans of the Israeli technology sector, Maris-Tech serves major manufacturers in defense, aerospace, intelligence gathering, homeland security, and communication industries [5]. Product Features - The Diamond platform enables real-time detection, tracking, and classification of ground and airborne threats, enhancing the survivability of armored fighting vehicles (AFVs) in both urban and open terrain [3]. - The platform is designed for seamless integration with both legacy and next-generation armored systems, showcasing its versatility in various combat environments [3].

Core Viewpoint - Maris-Tech Ltd. has entered into a distribution agreement with Precision Technologies to enhance its presence in the Asia-Pacific defense and security markets, promoting its video-based edge AI computing solutions [1][2][3] Group 1: Agreement Details - The distribution agreement allows Precision Technologies to promote and distribute Maris-Tech's full range of video-based edge AI computing solutions across key markets including defense, homeland security, aerospace, and commercial sectors in Singapore [2] - This collaboration is seen as a significant milestone for Maris-Tech, indicating a strong vote of confidence in its technology and products [3] Group 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 such as 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 various industries including defense, aerospace, intelligence gathering, homeland security, and communication [4]

Core Insights - Maris-Tech Ltd. has received a $100,000 purchase order for a new surveillance solution aimed at the defense sector, marking its entry into a new market segment [1][2][3] - The new solution will utilize the Company's Jupiter-AI edge technology and will be integrated into an advanced military surveillance system for real-time threat detection and monitoring [2][3] - The CEO of Maris-Tech emphasized that this order reflects growing market confidence in the Company's capabilities and represents a significant step into the defense industry [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 [3] - The Company offers lightweight, low-power products that provide high-performance capabilities, including raw data processing and AI-driven analytics, serving various sectors such as defense, aerospace, and homeland security [3]

Core Viewpoint - Maris-Tech Ltd. has developed Peridot, an AI-based passive observation system aimed at enhancing situational awareness for defense and security operations [1][4]. Group 1: Product Overview - Peridot integrates multiple high-definition day and thermal video sensors with advanced stitching algorithms to create a panoramic view, ensuring uninterrupted coverage and early detection of threats such as drones and unmanned vehicles [2]. - The technology is designed for border and strategic site protection, providing a standalone solution for monitoring, detecting, and enabling quicker responses to aerial and ground-based risks [3]. Group 2: Strategic Importance - Peridot is positioned as a significant technological advancement for Maris-Tech, enhancing its standing in the defense technology value chain and expected to benefit the industry [4]. - The system can also function as a trigger for passive or active threat-defeating mechanisms, making it suitable for layered defense strategies [3]. Group 3: Company Background - Maris-Tech is a leader in video and AI-based edge computing technology, focusing on intelligent video transmission solutions that address complex encoding-decoding challenges [4]. - The company serves various sectors, including defense, aerospace, intelligence gathering, homeland security, and communication industries, driving innovation in mission-critical applications [4].

Core Insights - Maris-Tech Ltd. has entered into a distribution agreement with Armit Sp. z o.o. to enhance its presence in the European defense market [1][2] - The collaboration aims to expand access to Maris-Tech's advanced video streaming, AI, and situational awareness platforms [1][3] - This partnership is part of Maris-Tech's broader strategy to grow its global distribution network [3] Company Overview - Maris-Tech is a leader in video and AI-based edge computing technology, focusing on intelligent video transmission solutions [5] - The company offers lightweight, low-power products that provide high-performance capabilities, including raw data processing and AI-driven analytics [5] - Founded by veterans of the Israeli technology sector, Maris-Tech serves various industries, including defense, aerospace, and homeland security [5] Partnership Details - Armit specializes in defense system integration and serves as a trusted partner to Poland's armed forces [2] - Under the agreement, Armit will distribute Maris-Tech's ruggedized video processing and intelligence platforms for various applications, including armored vehicles and drones [2] - Both companies express enthusiasm for the collaboration, highlighting the potential to introduce innovative solutions to the Polish market [4]

Core Insights - Maris-Tech Ltd. will showcase its AI-based edge computing video intelligence solutions, including the Diamond Ultra platform, at the DEFEA 2025 exhibition in Athens, Greece from May 6-8, 2025 [1][4] Group 1: Product Features - Diamond Ultra offers 360° 3D situational awareness and advanced airborne threat protection, integrating up to 11 HD and SD camera inputs, enabling real-time monitoring and instant alerts on potential threats [2] - The platform is designed for mission-critical environments, enhancing threat detection and response for urban and open terrain combat, supporting armored fighting vehicles, observation posts, and various defense and surveillance applications [2] Group 2: Additional Solutions - In addition to Diamond Ultra, Maris-Tech will present other solutions such as Opal, Coral, and Jupiter Drones, all built for high-risk environments with ultra-low latency streaming and AI-powered threat classification [3] Group 3: Company Overview - Maris-Tech is a global leader in video and AI-based edge computing technology, providing intelligent video transmission solutions that address complex encoding-decoding challenges [5] - The company serves leading manufacturers in defense, aerospace, intelligence gathering, homeland security, and communication industries, focusing on innovation in mission-critical applications [5]

Core Insights - Maris-Tech Ltd. has successfully completed a pilot assembly of its core product at a manufacturing facility in Michigan, demonstrating compliance with international manufacturing standards and quality assurance tests [1][2][4] - The pilot project is a significant step towards Maris-Tech's strategic goal of penetrating the U.S. defense market, following the establishment of a North American subsidiary and the appointment of U.S.-based marketing managers [2][3] - The company aims to enhance its service to U.S. partners and customers by launching localized production that aligns with American quality and operational benchmarks [3] Company Overview - Maris-Tech is 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's product offerings include AI-powered video processing systems for drones, tactical alert systems for armored vehicles, and edge devices for special forces, all designed to improve situational awareness and decision-making in real-time operational environments [3][4] - Founded by veterans of the Israeli technology sector, Maris-Tech serves leading manufacturers in defense, aerospace, intelligence gathering, homeland security, and communication industries [4]

Financial Data and Key Metrics Changes - Company reported a revenue growth of 50% in 2024, increasing from approximately $6.1 million compared to 2023 [10][23] - Net loss decreased from $3.7 million in 2022 to $2.7 million in 2023, and further to $1.2 million in 2024, representing a decrease of over 54% compared to 2023 [24] - Cash and cash equivalents as of December were approximately $2.3 million, sufficient to support growth and operations for the next twelve months [24] Business Line Data and Key Metrics Changes - The main focus is on the defense market, with significant revenue generation expected in 2024 due to increased demand for defense technology [8][9] - Company has developed unique solutions for various applications, including drones and armored vehicles, with over 1,000 tanks equipped with their technology [15][16] Market Data and Key Metrics Changes - The worldwide edge computing market is growing rapidly, with increasing deployment of drones and robots in modern warfare [9] - Company is expanding its presence in Western Europe, North America, Eastern Europe, and India, where there is a clear demand for their technology [11] Company Strategy and Development Direction - Company aims to provide final products and leverage strategic partnerships to enhance market opportunities [9][16] - Focus on miniature low power solutions for drones, with significant market potential highlighted, especially in regions like Ukraine [18][19] Management's Comments on Operating Environment and Future Outlook - Management emphasized the strong revenue generation potential from the defense market in 2024, driven by global demand for advanced defense solutions [8][10] - The company is positioned as a leader in edge computing solutions, particularly in miniature low power applications [10] Other Important Information - Company has established partnerships with key players in the industry, including HALO for AI capabilities and various defense contractors [6][7] - Recent announcements include significant orders for intelligence gathering and situational awareness platforms, indicating strong market interest [12][13] Q&A Session Summary Question: What is the status of the agreement with the Indian distributor? - Management stated that the agreement with the Indian distributor is expected to open new opportunities in the defense market, and there is no direct relation to the recent drop in stock price [27] Question: Why were revenues lower in the second half of 2023 compared to the first half of 2024? - CFO explained that revenues are not linear throughout the year due to the nature of project-based orders, leading to fluctuations [29] Question: What are the future expectations for revenue? - Management indicated that future forecasts are not public information at this stage [29]

Financial Data and Key Metrics Changes - Company reported a revenue growth of 50% in 2024, increasing from approximately $4.1 million in 2023 to about $6.1 million in 2024 [29] - Net loss decreased from $2.7 million in 2023 to $1.2 million in 2024, representing a reduction of over 54% [31] - Cash and cash equivalents at the end of December were approximately $2.3 million, sufficient to support growth and operations for the next 12 months [31] Business Line Data and Key Metrics Changes - The primary focus is on the defense market, with significant revenue generation expected from this sector in 2024 [10] - Company has equipped over 1,000 tanks with situation awareness technology, marking one of the largest deployments from a single company [18] - Solutions for drones are already mounted on thousands of drones worldwide, enhancing surveillance and target striking capabilities [17] Market Data and Key Metrics Changes - Company is expanding its presence in Western Europe, the U.K., North America, Eastern Europe, and India, where there is a clear demand for technology [14] - The worldwide edge computing market is growing rapidly, with increasing opportunities in modern warfare technologies such as drones and robots [11] Company Strategy and Development Direction - Company aims to provide final products and leverage strategic partnerships, particularly focusing on the U.S. and Indian markets [12] - Plans to develop miniature low-power solutions for drones, responding to the growing demand in the drone market [22] - Roadmap includes integrating Maris solutions with thermal cameras and developing unique AI-based detection solutions [26] Management's Comments on Operating Environment and Future Outlook - Management highlighted a strong revenue generation potential from the defense market due to global demand for advanced defense technologies [10] - The company is positioned as a leader in edge computing solutions, particularly in miniature low-power applications [12] - Management expressed confidence in the growth trajectory and market opportunities, despite the non-linear revenue patterns [35] Other Important Information - Company has established partnerships with key players in the industry, including Hailo for AI capabilities and various defense contractors [7][8] - Significant orders have been received for intelligence gathering and situation awareness platforms, indicating strong market demand [15] Q&A Session Summary Question: What is the status of the agreement with the Indian distributor? - Management confirmed the signing of an agreement with Thrikasa Technology, which is expected to open new opportunities in the defense market, and stated that there is no relation between this agreement and the recent drop in stock price [33] Question: Why was there a decrease in revenues between the second half of 2023 and the first half of 2024? - Management explained that revenues are not linear due to the project-based nature of the business, leading to fluctuations between periods [35] Question: What are the future expectations for the company? - Management indicated that future forecasts are not public information at this stage [36]