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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 Appoints Hananya Malka as Chief Technology Officer
Globenewswire· 2025-10-27 12:10
Veteran Engineer with 15 Years of Leadership at Maris-Tech to Guide the Next Phase of Innovation in Video and AI Edge Computing Rehovot, Israel, Oct. 27, 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 the appointment of Hananya Malka as the Company’s Chief Technology Officer (CTO), as successor to Magenya Roshanski, who is retiring from the Company a ...
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].