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Maris Tech Ltd is a provider of remote video, audio, telemetry acquisition, distribution, and sharing solutions and products, using high-end digital video, audio, and wireless communication technologies. It designs, develops, manufactures, and commercially sells miniature intelligent video and audio surveillance and communication systems, which are offered as products and solutions for the professional as well as the civilian and home security markets.
Maris-Tech is a B2B provider of video streaming and AI technology, founded by veterans of the Israeli technology sector with extensive electrical engineering and imaging experience. Their products deliver high-performance, compact, low power, and low latency solutions for commercial and tactical applications to companies worldwide.
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Maris-Tech Ltd. (Nasdaq: MTEK) announced a record high backlog of approximately $10,800,000 as of January 29, 2024. The backlog consists of pending orders from new and existing customers, including governmental agencies, reflecting the demand for their innovative defense and AI-powered solutions.
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Maris-Tech Ltd. (Nasdaq: MTEK) has received a new order worth $590,000 for the development and initial supply of a miniaturized AI-based surveillance system for a governmental agency. The solution is based on the Jupiter AI platform and is designed to enable video transmission over narrow-band networks, showcasing the company's capability to integrate innovative technology for elite special operations applications.
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Maris-Tech Ltd. (Nasdaq: MTEK) expects gross revenues for 2024 to be at least $7,000,000, a 75% increase from 2023. The projection is based on existing and anticipated orders, with strong demand for defense and AI-powered solutions. The company's independent registered public accounting firm has not audited, reviewed, or performed any procedures with respect to the preliminary projections.
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Maris-Tech Ltd. (Nasdaq: MTEK) expects gross revenues of approximately $4,000,000 for 2023, reflecting a 60% increase from the previous year. The company also had $5,200,000 in cash and bank deposits as of December 31, 2023. The unaudited preliminary financial information is subject to completion of year-end results, with full financial statements expected to be published in March 2024.
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Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) announced a new order worth approximately $550,000, with the potential to increase to $687,500, from a leading company in the defense industry for a customized solution based on its Jupiter AI platform. The system will provide armored and autonomous vehicles with enhanced situational awareness, incorporating advanced video streaming, recording, and AI capabilities.
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Maris-Tech Ltd. has received a grant approval of $156,000 from the Israel Innovation Authority to support the second year of their joint development project with Ben Gurion University. The project aims to develop an advanced AI and machine learning-based system to diagnose and predict drone faults and malfunctions. The total budget for the two-year project is $695,000.
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Maris-Tech Ltd. has announced a $625,000 repeat order for its Opal platform from a leading Israeli defense company. The Opal platform is based on Maris-Tech's flagship Jupiter AI platform and offers real-time intelligence gathering and analytics. Maris-Tech has already delivered a previous purchase order worth $500,000 for the Opal platform. The units from the new order are expected to be delivered between 2023 and 2024.
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Maris-Tech Ltd. has regained compliance with the minimum bid price requirement for continued listing on Nasdaq.
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Maris-Tech receives notice of non-compliance with minimum bid price requirement from Nasdaq
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Maris-Tech and ParaZero announce collaboration to develop unified product integrating safety technology and predictive maintenance.
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FAQ
What is the current stock price of Maris-Tech Ltd. Warrants (MTEKW)?
The current stock price of Maris-Tech Ltd. Warrants (MTEKW) is $0.136 as of November 4, 2024.
What does Maris Tech Ltd specialize in?
Maris Tech Ltd specializes in providing remote video, audio, telemetry acquisition, distribution, and sharing solutions and products using advanced digital and wireless technologies.
Who founded Maris-Tech and what is their expertise?
Maris-Tech was founded by veterans of the Israeli technology sector with extensive electrical engineering and imaging experience.
What kind of solutions does Maris-Tech offer?
Maris-Tech offers high-performance, compact, low power, and low latency solutions for commercial and tactical applications globally.
What recent achievement did Maris-Tech announce?
Maris-Tech announced a new order for approximately $110,000 from an existing customer in the defense industry for a unique solution based on the Company's Mars platform.
What products does Maris-Tech focus on?
Maris-Tech focuses on developing intelligent video transmission and miniaturization technologies for a wide range of intelligence gathering and defense applications.
What is the flagship product of Maris-Tech?
Jupiter AI, a high-end multiple-stream video platform that can be mounted on diverse autonomous platforms, is the flagship product of Maris-Tech.
What recent collaboration did Maris-Tech announce?
Maris-Tech announced collaboration with Aero Sol, a leading military drone manufacturer, for a new video payload solution for drone platforms.
What is the significance of Maris-Tech's solutions for the defense market?
Maris-Tech's solutions provide enhanced situational awareness for armored and autonomous vehicles, addressing the growing need for crew safety in the defense market.
What is the focus of Maris-Tech's edge computing technology?
Maris-Tech's edge computing technology is accelerated with AI and provides high-performance video solutions for edge platforms.
What is the mission of Maris-Tech?
Maris-Tech aims to deliver cutting-edge video streaming and AI technology to meet the demands of commercial and tactical applications worldwide.
Maris-Tech Ltd. Warrants