Maris Tech Ltd. - MTEK STOCK NEWS

Maris-Tech (Nasdaq: MTEK) has secured a $400,000 repeat order for its Uranus-based situational awareness solution for armored fighting vehicles (AFV). This represents the fourth consecutive order from the same defense sector customer, reinforcing the company's position as a trusted global vendor.

The Uranus system is designed to provide 360° 3D situational awareness and advanced airborne threat protection for land defense missions, featuring real-time alerts, ultra-low latency, and high-resolution video encoding. The solution specifically addresses the growing need for enhanced crew safety in armored vehicles within the defense market.

Systems from the three previous orders have been successfully deployed and are fully operational in the field, meeting customer expectations. The continued business relationship demonstrates confidence in Maris-Tech's Uranus technology and its ability to deliver mission-critical operational solutions.

Maris-Tech (MTEK) has secured its first Eastern European defense order through its UK-based distributor for multiple Jupiter Nano systems. The units will be integrated into weapon systems for a defense project in Eastern Europe, marking the company's expansion into a new defense market.

The Jupiter Nano system features dual-channel H.264/H.265 codec capabilities with 100msec ultra-low-latency streaming over wired and wireless networks. The system's compact design allows for multiple video stream handling, offering video and audio capture, encoding, decoding, transcoding, and raw data preprocessing functionalities.

This order represents a strategic milestone for Maris-Tech, demonstrating the growing demand for its advanced video and AI-based edge computing solutions in the global defense and homeland security markets.

Maris-Tech (Nasdaq: MTEK) has announced its first annual customer conference, 'Edge of Tomorrow – Video & AI at the Frontier of Defense Innovation', scheduled for February 27, 2025, in Rishon LeZion, Israel. The conference will focus on edge computing technology developments in defense operations, featuring keynote presentations, technical sessions, and live product demonstrations.

The event aims to bring together industry professionals and thought leaders to explore advancements in video and AI acceleration technologies, particularly their impact on defense operations and decision-making processes. Attendees will have networking opportunities with peers and Maris-Tech's team, along with hands-on experience with the company's solutions.

Maris-Tech (Nasdaq: MTEK), a leader in video and AI-based edge computing technology, has appointed Nir Ben Moshe as North America Regional Operations Manager to strengthen its U.S. presence. Ben Moshe, who currently serves on the company's advisory committee, will report directly to the CEO and lead marketing and sales initiatives across North America.

As a former Director of Directorate of Security for the Defense Establishment at the Israeli Ministry of Defense, Ben Moshe brings significant defense and security expertise. He holds a master's degree in security and diplomacy from Tel Aviv University and has experience managing large-scale national security operations with substantial personnel and budgets.

In his new role, Ben Moshe will oversee the North American marketing and sales team, work towards growth targets, and ensure compliance with regional technology and manufacturing regulations.

Maris-Tech (Nasdaq: MTEK) has secured a $1 million order from a repeat U.S. customer in the homeland security industry for its Jupiter-based video solution. The order encompasses hundreds of units featuring advanced video and AI edge computing technology, specifically designed for mission-critical HLS applications in intelligence, surveillance, and operational efficiency. The solution combines compact size, robust performance, and high-speed connectivity. This order reinforces Maris-Tech's position in the U.S. market and demonstrates growing recognition in the HLS sector. The company plans to expand its U.S. marketing efforts, focusing on drones, defense, and HLS applications.

Maris-Tech (Nasdaq: MTEK) has completed development of its Uranus-Drones technology, a market-ready video payload solution for unmanned aircraft systems. The company has secured its first order for hundreds of units to be delivered by end-2024 from a leading drone manufacturer. The technology features HDMI connectivity and edge processing capabilities, enabling tracking, detection, and real-time data collection with direct camera connection.

The Uranus-Drones payload supports 4K Ultra HD video and offers powerful processing with minimal energy consumption, optimized for extended drone missions. Its lightweight design enhances drone maneuverability, particularly suitable for defense applications. The system functions as a central hub for data transfer between flight controller, camera, and gimbal components.

Maris-Tech (Nasdaq: MTEK, MTEKW), a global leader in video and AI-based edge computing technology, has announced a major expansion into the U.S. market with the establishment of its new subsidiary, Maris North America Inc. This strategic move aims to accelerate growth in the U.S. defense and homeland security sectors, which are experiencing significant growth. The company has also entered into consulting agreements with two experienced professionals in business development, marketing, and sales to drive growth and capture new opportunities in the U.S. market.

The expansion is expected to enhance Maris-Tech's ability to deliver localized support and forge new business relationships in North America. The company's CEO, Israel Bar, emphasized that this move is a significant step in their global expansion strategy and is expected to boost sales efforts and enable more tailored support for their growing North American customer base.

Maris-Tech (Nasdaq: MTEK) has enhanced its Diamond platform with the new Diamond Ultra technology, designed to combat airborne threats for Armored Fighting Vehicles (AFV). This advanced system integrates up to 12 high-definition cameras, providing 360° 3D and airborne threat protection.

Powered by two Hailo AI processors, Diamond Ultra enables real-time monitoring and AI-based analysis of video streams. The platform is equipped with an edge processor for analyzing video streams with AI, delivering real-time alerts on potential threats and suspicious activities.

Diamond Ultra aims to enhance threat detection and response in both urban and open terrain combat scenarios. It addresses challenges such as drones, shoulder-mounted missiles, attacks from buildings, and improvised explosive devices in urban settings, as well as enemy tanks, anti-tank weapons, ambushes, and drone-based attacks in open terrain.

Maris-Tech (Nasdaq: MTEK, MTEKW) has announced that its Amethyst edge computing video solution now supports 5G capability, enabling ultra-speed and high data transfer. This enhancement is aimed at improving operational efficiency in real-time, mission-critical environments for homeland security, safe cities, civil security, and defense markets.

The Amethyst product line now offers high-quality, narrow-band, ultra-low-latency video streaming over cellular networks. It supports both cellular and Ethernet networks, accepts video from IP and USB cameras, and enables real-time and pre-recorded video streaming. The device is fully controlled through Android, iOS, and Windows applications.

According to Markets and Markets, the 5G Defense market is estimated to grow from $0.9 Billion in 2023 to $2.4 Billion by 2028, with the airborne segment projected to reach $0.786 billion by 2028.