Core Insights - Maris-Tech Ltd. has successfully developed its Uranus-Drones, which are now available as a market-ready solution for advanced unmanned aircraft systems, with the first order for hundreds of units already placed by a leading drone manufacturer [1][3] - The Uranus-Drones video payload utilizes proprietary technology to support HDMI connectivity and edge processing, enabling real-time data collection and control without additional accessories, making it suitable for various markets including defense and commercial sectors [2][3] Company Overview - Maris-Tech is recognized as a global leader in video and AI-based edge computing technology, focusing on intelligent video transmission solutions that address complex encoding-decoding challenges [5] - The company serves major manufacturers in defense, aerospace, intelligence gathering, and homeland security, emphasizing innovation in mission-critical applications [5] Product Features - The Uranus-Drones video payload offers high processing capabilities with low energy consumption, supporting 4K Ultra HD video for enhanced intelligence and data gathering [3] - Its lightweight and compact design enhances drone maneuverability and deployment versatility, making it particularly beneficial for the defense sector [3][4] - Acting as the central hub for data transfer between the flight controller, camera, and gimbal, Uranus-Drones significantly improves video streaming and intelligence-gathering capabilities [4]

Leading Video and AI-based Edge Computing Company Establishes U.S. Subsidiary to Accelerate Growth in the U.S. Defense and Homeland Security Sectors Rehovot, Israel, Oct. 10, 2024 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) ("MarisTech" or the "Company"), a global leader in video and artificial intelligence (AI)-based edge computing technology, today announced a major expansion into the U.S. market with the establishment of its new subsidiary, Maris North America Inc. ("Maris North America"). ...

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. Rehovot, Israel, Sept. 30, 2024 (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 the addition of it ...

Core Viewpoint - Maris-Tech Ltd. has integrated 5G capabilities into its Amethyst edge computing video solution, enhancing its performance for mission-critical applications in homeland security and civil security markets [1][2][4]. Group 1: Product Enhancement - The Amethyst product line now supports 5G, enabling ultra-speed and high data transfer, which is crucial for real-time operations [1][2]. - Amethyst is a low-power H.264/5 multiple-stream recorder and streamer that supports both cellular and Ethernet networks, allowing for real-time and pre-recorded video streaming [3]. - The integration of 5G technology allows for high-quality, narrow-band, ultra-low-latency video streaming, improving operational efficiency in critical environments [2][4]. Group 2: Market Positioning - The 5G Defense market is projected to grow from USD 0.9 billion in 2023 to USD 2.4 billion by 2028, indicating a rising demand for 5G-enabled technologies [5]. - The airborne segment of the 5G market is expected to reach USD 0.786 billion by 2028, further emphasizing the importance of 5G in modern security operations [5]. Group 3: Company Commitment - Maris-Tech's CEO stated that the introduction of 5G reflects the company's commitment to innovation and providing higher performance and flexibility to customers [4]. - The adaptable network architecture of 5G supports a higher density of connected devices, which is essential for modern security operations in urban environments [4].

The patented method reduces overhead data required in the forward error correction process based on specific characteristics of streamed media communication Rehovot, Israel, Sept. 03, 2024 (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 been granted a new patent from the United States Patent and Trademark Office for its innovative forward error c ...

Core Viewpoint - Maris-Tech Ltd. has reported significant financial growth for the first half of 2024, with revenues increasing by approximately 620% compared to the same period in 2023, indicating strong market demand and successful strategic initiatives [1][2]. Financial Performance - 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 [1][2]. - Gross profit for the same period was approximately $1.9 million, a turnaround from a gross loss of approximately $0.2 million in 2023 [2]. - Net profit for the six months ended June 30, 2024, was approximately $132 thousand, compared to a net loss of approximately $2.3 million for the same period in 2023 [2]. - Net profit per ordinary share was $0.02, compared to a net loss per ordinary share of $0.29 in 2023 [3]. Working Capital and Backlog - Working capital as of June 30, 2024, was approximately $7.0 million, slightly down from approximately $7.3 million as of December 31, 2023 [3]. - The backlog as of June 30, 2024, was approximately $10.0 million, which increased to $10.5 million by August 28, 2024 [5]. Strategic Developments - The company has entered into a collaboration with Renesas Electronics Corporation, enhancing its position in the edge computing market [6]. - Maris-Tech secured multiple defense purchase orders, including significant contracts for armored vehicles and intelligence gathering applications, totaling over $1.7 million [6]. - The integration of firmware and hardware to support AI algorithms in collaboration with LightPath demonstrates the company's commitment to innovation in AI-embedded optical solutions [6]. Future Outlook - The company expects its existing cash, short-term bank deposits, and anticipated revenue from existing and new customers to be sufficient to fund operations for the next twelve months [4]. - Maris-Tech aims for accelerated growth by penetrating new markets and attracting a diverse customer base, supported by increased interest and new orders from customers [7].

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 Company expects to publish its financial statements for the six-month period ended June 30, 2024 on August 28, 2024. Rehovot, Israel, Aug. 12, 2024 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) ("Maris-Tech" or the "Company"), a global leader in video and artificial intellig ...

The customized high-end system will be designed for integration on armored vehicles Rehovot, Israel, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) ("Maris-Tech" or the "Company"), a leading B2B provider of edge computing artificial intelligence (AI) accelerated video solutions for edge platforms, today announced that it received a significant order in the amount of $700,000 from a valued repeat customer for the development and production of a new system with AI-enabled video distri ...

The customized high-end system will be designed for integration on armored vehicles Rehovot, Israel, Aug. 01, 2024 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) ("Maris-Tech" or the "Company"), a leading B2B provider of edge computing artificial intelligence (AI) accelerated video solutions for edge platforms, today announced that it received a significant order in the amount of $700,000 from a valued repeat customer for the development and production of a new system with AI-enabled video distri ...

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 situ ...