Maris-Tech Ltd. Warrants - MTEKW STOCK NEWS

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.

Maris-Tech (Nasdaq: MTEK) has been granted a U.S. patent for its innovative forward error correction (FEC) optimization method. The patent (no. 12081240) covers a technique that reduces overhead data in FEC processes for streamed media communication. Invented by Maris-Tech's CTO, Magenya Roshanski, this method leverages specific characteristics of video streaming, such as varying frame sizes, to improve error correction capabilities while minimizing data overhead.

The patented process involves encoding, segmenting, and packetizing frames to generate an elementary stream of media packets with variable sizes. This advancement is expected to enhance Maris-Tech's edge computing solutions and strengthen its position as an industry innovator in video and AI-based technology.

Maris-Tech (Nasdaq: MTEK), a leader in video and AI-based edge computing technology, reported strong financial results for H1 2024. Highlights include:

- Revenue of $3.4 million, up 620% year-over-year
- Gross profit of $1.9 million, compared to a $0.2 million loss in H1 2023
- Net profit of $132,000, versus a $2.3 million loss in H1 2023
- Earnings per share of $0.02, up from -$0.29 in H1 2023
- Backlog of $10.5 million as of August 28, 2024

The company secured multiple defense sector contracts and entered a strategic collaboration with Renesas Electronics CEO Israel Bar expressed confidence in Maris-Tech's growth trajectory and market positioning.

Maris-Tech (Nasdaq: MTEK) has announced preliminary gross revenues of $3,000,000-$3,400,000 for the first half of 2024, representing a substantial increase of approximately 630%-720% compared to the same period in 2023. This growth is attributed to strong demand for the company's defense and AI-powered Edge Computing solutions.

The company's strategic focus on expanding its product offerings, particularly in unmanned vehicles, situational awareness, and armored vehicles for the defense sector, has contributed to this impressive performance. Maris-Tech plans to publish its complete financial statements for the six-month period ended June 30, 2024, on August 28, 2024.