New Solution Combines AI, Thermal Imaging, and Multi-Sensor Stitching to Create a Seamless View for Defense and Security Operations Rehovot, Israel, June 20, 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, is proud to announce the completion of the first prototype of Peridot – an AI-based passive observation system designed for comprehensive situational awareness. Peri ...

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]

Live Demos of Diamond Ultra and Tactical Edge AI Solutions  at Hall 2, Stand C12 Rehovot, Israel, April 25, 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 will be participating in the upcoming DEFEA 2025 exhibition, taking place on May 6–8, 2025, at the Metropolitan Expo in Athens, Greece. Maris-Tech will present its latest AI-based edge compu ...

Compliance with international manufacturing standards strengthens company's position into the American defense market Rehovot, Israel, April 08, 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 successfully completed a pilot assembly of one of its core products at an American manufacturing facility in Michigan. The product passed the quality ...

Maris-Tech (MTEK) H2 2024 Earnings Call April 02, 2025 06:57 PM ET Company Participants Shelly Groisman - Head of global marketingIsrael Bar - CEO and FounderNir Bussy - CFO Shelly Groisman Okay. Let's get started. So hi, everyone, and thank you for joining Maristech investor webinar. I'm Shelly Grossman, the marketing manager, of Maristech. Today, our CEO, Isael Bar, and our CFO, Nir Mousse, will present the latest updates for Maristech. So, Isael, the stage is yours. Israel Bar Hello, everybody, and thank ...

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]

With its headquarters in Hyderabad, Thrikasa brings deep experience in delivering advanced technology to defense, aerospace, and critical infrastructure clients across the region. The collaboration will include joint marketing, exhibition participation and coordinated sales efforts, which Maris-Tech expects will allow it to better serve Indian customers with localized expertise and support. "We are excited to announce this agreement with Thrikasa, a highly respected participant in India's defense technology ...

Financial Performance - Revenues for the year ended December 31, 2024 were $6,078,953, an increase of $2,047,850 or 51% compared to $4,031,103 in 2023[264] - Gross profit for 2024 was $3,516,121, representing a gross profit rate of 57.8%, an increase of $1,588,725 or 82% from $1,927,396 in 2023[266] - Net loss for 2024 was $1,233,892, a decrease of $1,475,704 or 54% compared to a net loss of $2,709,596 in 2023[274] Cash Flow and Assets - Cash used in operating activities was $2,219,583 for 2024, a reduction from $3,871,157 in 2023[285] - As of December 31, 2024, the company had $2,335,232 in cash and cash equivalents and restricted deposits[283] Backlog and Future Revenues - The backlog as of January 1, 2025, was approximately $9.8 million, expected to contribute to future revenues[281] Expenses - Research and development expenses for 2024 were $927,048, a decrease of $127,847 or 12% from $1,054,895 in 2023[268] - Sales and marketing expenses increased by $48,646 or 6% to $923,439 in 2024 compared to $874,793 in 2023[269] - General and administrative expenses were $3,014,378 for 2024, an increase of $87,068 or 3% from $2,927,310 in 2023[270] Grants and Funding - As of December 31, 2024, the total amount of grants received was approximately $608,000, including accumulated interest[295] - In August 2022, a joint grant with Ben Gurion University was approved, totaling NIS 1,314,024 (approximately $360,303), covering 66% of the project's first-year budget[296] - In June 2023, a grant of NIS 1,209,797 (approximately $331,724) was approved for the first-year development of a nanosatellite platform, representing 50% of the total budget[297] - The total research and development income recorded for the year ended December 31, 2024, was NIS 1,152,294 (approximately $307,962)[299] - The grant for the second year of the joint project with Ben Gurion University was approved in November 2023, totaling NIS 935,544 (approximately $256,524)[298] Economic Conditions - The annual rate of inflation in Israel was 3.2% in 2024 and 3.0% in 2023, with the NIS revaluating against the U.S. dollar by approximately 0.6% in 2024 and 3.1% in 2023[543] Currency and Risk Management - The company does not currently hedge its foreign currency exchange risk but may consider formal currency hedging transactions in the future[541] - The company anticipates that a significant portion of its expenses will continue to be denominated in NIS, which may impact results if the U.S. dollar fluctuates significantly against the NIS[539] - The company does not believe that off-balance sheet arrangements will materially affect its financial condition or results of operations[299] Intellectual Property - The company has not utilized the intellectual property developed with governmental grants in any products since 2013[295] Credit Facilities - The company entered into a $4 million credit line agreement on March 26, 2025, secured by all assets[293]

Core Viewpoint - Maris-Tech Ltd. has secured a $4 million line of credit from a leading Israeli commercial bank, which will provide the company with flexibility to pursue strategic opportunities and enhance its commercial activities without diluting shareholder equity [1][3][4]. Financial Details - The line of credit is for a duration of 12 months and is structured on accepted commercial terms for similarly-sized companies, including fixed and floating liens on the company's assets [2]. - The agreement includes customary economic and restrictive covenants by the company and its U.S. subsidiary, along with subordination restrictions agreed upon by two shareholders regarding loans they have provided to the company [2]. Strategic Implications - The line of credit is expected to enable the company to capitalize on strategic opportunities and increase its commercial activity, reflecting the trust of a leading Israeli bank in the company's potential [3][4]. - The CEO of Maris-Tech emphasized that this financial support will allow the company to achieve its growth potential without relying on market conditions or equity sales [4]. Company Overview - Maris-Tech is recognized as a global leader in video and AI-based edge computing technology, specializing in intelligent video transmission solutions [5]. - The company offers lightweight, low-power products that deliver high-performance capabilities, serving industries such as defense, aerospace, intelligence gathering, homeland security, and communications [5].

Core Insights - Maris-Tech Ltd. will host a webinar on April 2, 2025, at 9:00 a.m. Eastern Time to discuss its 2024 financial results and provide updates on business operations and annual highlights [1][2] - The financial results for the year ended December 31, 2024, will be released on March 28, 2025, along with the filing of the Annual Report on Form 20-F with the SEC [1] Company Overview - Maris-Tech is a global leader in video and AI-based edge computing technology, specializing in intelligent video transmission solutions [3] - 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 [3] - Founded by veterans of the Israeli technology sector, Maris-Tech serves leading manufacturers in defense, aerospace, intelligence gathering, homeland security, and communication industries [3] - The company is focused on driving innovation in mission-critical applications across both commercial and defense sectors [3]