Maris-Tech Ltd. Warrants - MTEKW STOCK NEWS

Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) announces the completion of its share repurchase program, acquiring 120,715 ordinary shares, representing 1.5% of its total shares, at an average cost of $0.987 per share as of March 31, 2023. This strategic move aims to enhance shareholder value and reflects management’s confidence in the company’s future. The company specializes in intelligent video transmission technology and has been actively working on expanding its presence in commercial and tactical applications across various sectors.

Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) announced a collaboration agreement with Art of Logic (AOL), enhancing their technology for AI applications on Maris-Edge platforms. AOL, an Australian technology wholesaler, will act as Maris-Tech's exclusive representative in Australia and New Zealand, facilitating access to clients in defense, space, and Homeland Security sectors. The partnership follows AOL's $660,000 order for the Onyx product, focusing on intelligent video transmission and AI capabilities. Maris-Tech aims to expand its market presence through strategic partnerships, aligning with its global growth mission.

Maris-Tech Ltd. (Nasdaq: MTEK) reported annual revenues of approximately $2.5 million for the year ended December 31, 2022, marking a growth of over 20% from $2.07 million in 2021.

The company's backlog reached $1.9 million as of January 1, 2023, up more than 215% from $608,000 in 2022. Cash and equivalents totaled $9.34 million, up from $49,126 a year prior.

CEO Israel Bar highlighted strategic partnerships, including a collaboration with SpaceIL for the

Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) has announced that it has regained compliance with Nasdaq Listing Rule 5550(a)(2), which mandates a minimum bid price of $1.00 per share. This determination follows the company's ordinary shares maintaining a closing bid price of $1.00 or greater for 20 consecutive business days. As a result, Nasdaq has closed the prior bid price deficiency matter. Maris-Tech specializes in intelligent video transmission technology designed for various commercial and tactical applications.

Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) announced the appointment of Nir Ben Moshe to its advisory board on February 22, 2023. Formerly a senior director in the Israeli Ministry of Defense, Ben Moshe brings extensive experience in managing national security operations and significant budgets. His role will focus on business development and global marketing for Maris-Tech, aimed at expanding its global market reach. CEO Israel Bar expressed optimism about Ben Moshe's ability to forge connections with high-ranking officials and contribute to the company's future growth.

Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) announced the formation of a professional advisory board to enhance its commercial and technological strategies. The board's first member is Leslie G. Litwin, who brings extensive marketing experience in video technologies. He is the founder of Antrica, a successful distributor of the Company’s products. CEO Israel Bar emphasized that this initiative aims to boost global awareness of intelligent video transmission technologies, which are pivotal for various sectors, including defense and commercial markets. The Company remains focused on expanding its customer base and networks through expert collaborations.

Maris-Tech Ltd. (Nasdaq: MTEK) has received a notice from Nasdaq stating it is not in compliance with the minimum bid price requirement of $1.00. The company has a 180-day period to regain compliance, expiring on July 17, 2023. If it fails to meet the requirement, it may be eligible for an additional compliance period or face delisting. Maris-Tech aims to regain compliance and may consider a reverse share split if necessary. The notice does not affect the trading of its shares during this period.

Maris-Tech Ltd. (Nasdaq: MTEK) recently announced a $660,000 purchase order from a new customer in Australia, marking its first order from this region. This order is for the Onyx product, which enhances AI capabilities for vehicle video management systems in the Homeland Security sector. The company plans to deliver the order during 2023. CEO Israel Bar highlighted this order as a testament to their strong offerings and ongoing business growth strategy, which includes expanding into new territories and forming new partnerships.

Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) has announced the development launch of the Uranus-AI, a cutting-edge video platform that supports up to 8K Ultra-HD streams. Scheduled for market introduction in Q4 2023, the Uranus-AI enhances Maris Edge's capabilities by utilizing dual Hailo-8™ AI accelerators, each delivering up to 26 tera operations per second. This advancement targets defense, transportation, and new-space markets, meeting the rising demand for ultra-HD video sensors on unmanned platforms. Following the success of the Jupiter-AI, Maris-Tech aims to strengthen its market position significantly.