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 Rehovot, Israel, June 10, 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 it has received a repeat order of approximately $957,000 for a customized solut ...

The advanced video payload for drones will be based on Maris-Tech's Uranus technology This press release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the "safe harbor" created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be ...

Maris-Tech will provide Aero Sol with an advanced AI-based edge computing solution specially designed for drones, based on its Uranus technology. The product, Uranus-Drones, is a miniature, lightweight, low-power, and mechanically robust solution supporting 4K Ultra High Definition ("UHD") camera, enabling autopilot control and AI applications. The advanced video payload for drones will be based on Maris-Tech's Uranus technology Rehovot, Israel, June 03, 2024 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTE ...

Maris-Tech Ltd. (NASDAQ:MTEK) Q4 2023 Earnings Conference Call March 26, 2024 9:00 AM ET Company Participants Israel Bar - Founder & CEO Nir Bussy - CFO Conference Call Participants Israel Bar Hello. Good morning to the U.S. participants. Good afternoon to the Israeli participants. My name is Israel Bar, I’m Maris-Tech Founder and CEO. Also with me is Mr. Nir Bussy, our CFO. Thank you for joining us for this webinar. This is the first-time we hold such an event, but we intend to continue with similar events ...

Annual Revenues of Approximately $4.0 million for the Year Ended December 31, 2023, Representing 60% Growth in Revenue Over 2022 REHOVOT, Israel, March 21, 2024 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) ("Maris-Tech" or the "Company"), a B2B provider of artificial intelligence ("AI") accelerated video solutions for edge platforms, today announced its financial results for the year ended December 31, 2023. Revenues for the year ended December 31, 2023, were approximately $4.0. million, an inc ...

FORM 20-F REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR � ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ロ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ロ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No.: 001-39957 Maris-Tech Ltd. (Exact name of registrant as specif ...

Financial Performance - Total revenues for the six months ended June 30, 2023, were $473,853, a decrease of 51% compared to $967,925 for the same period in 2022[10] - Gross loss for the six months ended June 30, 2023, was $170,627, compared to a gross profit of $316,776 for the same period in 2022[10] - Net loss for the six months ended June 30, 2023, was $2,264,027, slightly improved from a net loss of $2,273,700 in the same period of 2022[10] - Net cash used in operating activities for the six months ended June 30, 2023, was $2,250,995, an improvement from $2,949,778 in the same period of 2022[15] - The company anticipates continued net losses until its products achieve commercial profitability[31] Assets and Liabilities - Total current assets decreased to $9,654,670 as of June 30, 2023, from $12,253,858 as of December 31, 2022, representing a decline of approximately 21%[4] - Total liabilities decreased to $3,435,329 as of June 30, 2023, from $3,767,063 as of December 31, 2022, a reduction of about 9%[7] - Total shareholders' equity decreased to $7,301,787 as of June 30, 2023, from $9,596,853 as of December 31, 2022, a decline of approximately 24%[7] - The company had working capital of $7.9 million as of June 30, 2023, down from $10.4 million as of December 31, 2022[31] - As of June 30, 2023, the company had an accumulated deficit of $10.5 million, up from $8.2 million at the end of 2022[31] Cash and Equivalents - Cash and cash equivalents increased to $1,780,031 as of June 30, 2023, from $221,961 as of December 31, 2022, marking a significant increase of approximately 703%[4] - For the six months ended June 30, 2023, the company reported cash and cash equivalents of $1,780,031, a significant increase from $346,866 in the same period of 2022[18] Shareholder Information - The weighted average number of ordinary shares used in computing loss per ordinary share increased to 7,938,525 for the six months ended June 30, 2023, compared to 7,071,018 for the same period in 2022[10] - The weighted average shares for the calculation of basic and diluted net loss per share increased to 7,938,525 in 2023 from 7,071,018 in 2022[39] - The company repurchased 120,715 ordinary shares for a total amount of $119,133, representing approximately 1.5% of its issued and outstanding shares[43] Research and Development - Research and development expenses for the six months ended June 30, 2023, were $441,015, down from $650,404 in the same period of 2022, a decrease of about 32%[10] - The company received a grant approval of approximately $333,000 to support the development of an innovative system for nanosatellite platforms, covering 50% of the project's first-year budget[35] Strategic Moves - The company entered into a service agreement with Parazero Technologies Ltd. for $10,000 per month plus VAT, indicating a strategic move for business development services[46]

Announces Annual Revenues of Approximately $2.5 million for the year ended December 31, 2022, Representing Over 20% in Growth in Revenue Exhibit 99.1 Maris-Tech Announces Full Year 2022 Financial Results Backlog as of January 1, 2023 was $1.9 million, Representing Over 215% in Growth REHOVOT, Israel, March 6, 2023 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK) ("Maris-Tech" or the "Company"), a B2B provider of intelligent video transmission technology, today announced its financial results for the year ...

FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No.: 001-39957 Maris-Tech Ltd. (Exact name of registrant as spec ...

FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File No.: 001-39957 Maris-Tech Ltd. (Exact name of registrant as spec ...