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Maris-Tech Ltd. Secures $2 Million Financing to Strengthen its Capital Structure and Support Commercial and U.S. Market Initiatives
Globenewswire· 2025-11-28 18:50
Core Viewpoint - Maris-Tech Ltd. has entered into Note Purchase Agreements with institutional investors, issuing non-interest bearing convertible promissory notes totaling $2,000,000 to enhance its capital structure and support U.S. market activities [1][2]. Group 1: Financial Details - The company issued convertible promissory notes with an aggregate principal amount of $2,000,000, intended for working capital and general corporate purposes [1]. - The Notes are convertible into ordinary shares, with specific conversion periods: an initial window starting six months after issuance and full convertibility beginning twelve months after issuance [2]. - Any remaining principal under the Notes will automatically convert after twenty-four months, subject to a conversion price floor [2]. Group 2: Regulatory Information - The Notes and the ordinary shares issued upon conversion are part of a private placement exempt from the registration requirements of the Securities Act of 1933, meaning they cannot be offered or sold in the U.S. without an effective registration statement or applicable exemption [3]. Group 3: Company Overview - Maris-Tech is a leader in video and AI-based edge computing technology, focusing on intelligent video transmission solutions for various industries, including defense and aerospace [4]. - The company offers lightweight, low-power products that provide high-performance capabilities such as raw data processing and AI-driven analytics [4].
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
Core Viewpoint - Maris-Tech Ltd. has appointed Hananya Malka as the new Chief Technology Officer, succeeding Magenya Roshanski, who is retiring after many years of service, indicating a strategic move towards continued innovation in video and AI edge computing technology [1][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 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 major manufacturers in defense, aerospace, intelligence gathering, homeland security, and communication industries [4]. Leadership Transition - Hananya Malka has been with Maris-Tech for 15 years, previously serving as the research and development manager, where he led the development of advanced video processing systems for defense and security applications [2]. - The CEO of Maris-Tech, Israel Bar, emphasized Mr. Malka's integral role in the company's engineering success and expressed confidence in his ability to advance the technology roadmap [3].
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].