Maris-Tech Completes Development of Uranus-Drones Technology and Prepares for Large-Scale Delivery

Rhea-AI Summary

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.

Positive

• Secured first major order for hundreds of units with delivery by end-2024
• Successfully completed development of market-ready Uranus-Drones technology
• Product features advanced capabilities including 4K Ultra HD video and edge processing
• Technology addresses growing market demand across defense, homeland security, and commercial sectors

Negative

• None.

Insights

Tech Expert

This development of Uranus-Drones represents a significant technological advancement in the drone payload market. The solution's ability to handle 4K Ultra HD video while maintaining low power consumption addresses a critical challenge in drone operations. The HDMI connectivity and edge processing capabilities for real-time tracking and detection, without requiring additional accessories, provide a compelling competitive advantage. The system's role as a central hub for data transfer between flight controller, camera and gimbal positions it as a important component in drone operations. The secured order for hundreds of units indicates strong market validation and suggests potential for significant revenue growth. The technology's versatility across defense, homeland security and commercial applications expands the total addressable market substantially.

Market Research Analyst

The commercial implications of this product launch are substantial for MTEK, particularly given their 24.8M market cap. The secured order for hundreds of units by year-end 2024 represents a meaningful revenue opportunity. The drone market is experiencing rapid growth, with increasing demand for sophisticated payload solutions across multiple sectors. The product's versatility and advanced features position Maris-Tech to capture market share in both defense and commercial segments. The successful development and immediate customer traction demonstrate strong product-market fit. However, investors should note that execution of the large-scale delivery will be important for the company's near-term performance.

Advanced market-ready solution now available with first order for hundreds of units to be delivered by year-end

Rehovot, Israel, Dec. 18, 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 successful completion of the development for its Uranus-Drones, now available as a market-ready solution for advanced unmanned aircraft systems. The first customer, a market leader in drone design and manufacture, has already placed an order for hundreds of units, which are set for delivery by the end of 2024.

The Uranus-Drones video payload, which is based on Maris-Tech’s proprietary Uranus technology, is designed to support High-Definition Multimedia Interface (HDMI) connectivity and edge processing. This allows for tracking, detection, and real-time data collection without the need for additional accessories – enabling a direct connection to the camera and full control over its capabilities. As a versatile solution, Uranus-Drones is ideal for a wide range of unmanned systems, addressing the growing demand across the defense, homeland security, commercial and aerospace markets.

“The completion of the Uranus-Drones video payload marks a major milestone for Maris-Tech as we introduce this innovative product to the market,” said Israel Bar, Chief Executive Officer of Maris-Tech. “We are proud to deliver the first order and have reached interest from additional customers who recognize the value of this advanced solution.”

Uranus-Drones video payload offers powerful processing capabilities with minimal energy consumption, a combination that ensures drones can undertake extended missions. It supports 4K Ultra HD video for precision intelligence and data gathering. Its lightweight and compact design is optimized for the defense sector by improving drone maneuverability and deployment versatility.

Uranus-Drones acts as the central hub for transferring data between the flight controller, camera, and gimbal, positioning it as the ‘brain’ of the drone. With the integration of Maris-Tech’s Uranus-Drones video payloads, drones will gain unparalleled video streaming, tracking, and intelligence-gathering capabilities.

About Maris-Tech Ltd.

Maris-Tech is a global leader in video and AI-based edge computing technology, pioneering intelligent video transmission solutions that conquer complex encoding-decoding challenges. Our miniature, lightweight, and low-power products deliver high-performance capabilities including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics. Founded by Israel technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, Intelligence gathering, homeland security (HLS) and communication industries worldwide. We’re pushing the boundaries of video transmission and edge computing, driving innovation in mission-critical applications across commercial and defense sectors.

For more information, visit https://www.maris-tech.com/

Forward-Looking Statement Disclaimer

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 identified by the use of forward-looking terms such as “believe,” “expect”,” “may”, “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we are discussing the timeline for the delivery of the first order of the Uranus-Drones to our customer, the technological abilities and expected advantages and benefits to our customers of the Uranus-Drones and interest in the Uranus-Drones from additional customers. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services, including in the United States; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2023, filed with the SEC on March 21, 2024, and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Investor Relations:

Nir Bussy, Chief Financial Officer
Tel: +972-72-2424022
Nir@maris-tech.com

FAQ

What is the delivery timeline for Maris-Tech's (MTEK) first Uranus-Drones order?

Maris-Tech will deliver hundreds of Uranus-Drones units to their first customer by the end of 2024.

What are the key features of MTEK's Uranus-Drones technology?

Uranus-Drones features HDMI connectivity, edge processing, 4K Ultra HD video capabilities, tracking and detection functions, minimal energy consumption, and lightweight design optimized for defense applications.

Which markets does Maris-Tech (MTEK) target with Uranus-Drones?

Uranus-Drones targets the defense, homeland security, commercial, and aerospace markets.

How does MTEK's Uranus-Drones function within drone systems?

Uranus-Drones acts as the central hub for transferring data between the flight controller, camera, and gimbal, effectively serving as the 'brain' of the drone.

What video capabilities does MTEK's Uranus-Drones support?

The system supports 4K Ultra HD video for precision intelligence and data gathering, with real-time data collection capabilities.