The company has already received orders from leading companies
REHOVOT, Israel, July 25, 2022 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a B2B provider of intelligent video transmission technology, today announced the completion of development of its flagship product, the Jupiter-AI.
Maris-Tech has already received initial orders for the Jupiter-AI as an OEM (Original Equipment Manufacturer) solution and as a ruggedized platform in a case (the Opal), as well as for its derivatives, which vary in terms of video and mechanical interfaces. structure.
The Jupiter-AI, a tight and efficient integration between Maris-Tech’s Jupiter-Nano and Hailo-8 Hailo and up to 26 TOPS (Tera-Operations-Per-Second) AI Accelerator, provides a solution ultimate hardware and software for remote platforms’ video streaming, recording, debriefing and AI at the edge, named “Maris Edge”.
We believe the main features of Jupiter AI meet the growing demand for (all on one platform):
- miniature and light;
- low battery;
- several video sensors;
- high video quality over narrowband wireless networks;
- low latency streaming; and
- powerful deep learning and AI acceleration enabling detection, classification, tracking and AI requirements of other clients with high frame rate.
“We are pleased to announce the on-time launch of our Jupiter-AI platform and are very proud of its performance. This is a significant milestone that we believe puts Maris-Tech at the forefront of advanced video and AI technology with a solution that meets the needs of the remote platform market. The Jupiter-AI is competitive in all parameters and as such can have a significant influence on our future business,” said Israel Bar, CEO of Maris-Tech.
The Jupiter-AI was presented at Eurosatory in June 2022 and the first deliveries are expected in August 2022.
The Jupiter-AI is aimed at the professional civilian, HLS and defense markets. It can be used in autonomous vehicles, agriculture, visual inspection, machine vision, search and rescue, intelligence gathering, observation, situational awareness and automatic target recognition applications when mounted on drones, robots, UVAs (unmanned aerial vehicles), UVGs (unmanned ground vehicles), prowling munitions platforms, armored vehicles, missiles, etc.
About Maris-Tech Ltd.
Maris-Tech is a B2B provider of smart video transmission technology, founded by Israeli tech industry veterans with extensive experience in electrical engineering and imaging. Our products are designed to meet the growing demands of commercial and tactical applications, providing high-performance, compact, low-power and low-latency solutions to enterprises around the world, including leading electro-payload manufacturers. optical, RF datalink, and unmanned platforms as well as defense, HLS, and enterprise communications. For more information, visit https://www.maris-tech.com/.
Disclaimer of Forward-Looking Statements
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, which are intended to cover by the “safe harbor” created by these articles. 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”, “s ‘expect’, ‘may’, ‘should’, ‘could’, ‘seek’, ‘intend’, ‘plan’, ‘target’, ‘estimate’, ‘anticipate’ or other comparable terms For example, we use forward-looking statements when discussing the benefits of Jupiter-AI, that Jupiter-AI is a milestone that puts Maris-Tech at the forefront of video and AI technology with a solution that meets the needs of the remote platform market, which Jupiter-AI can have a material influence on the future business of the Company and that first deliveries of Jupiter-AI are expected in August 2022. Forward-looking statements are neither historical facts nor guarantees of future performance. Instead, they are based solely on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. 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 beyond our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Accordingly, you should not rely on any such forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those set forth in the forward-looking statements include, among others, the following: our ability to successfully market our products and services, including in the United States United ; customer acceptance of our products and services; our continued ability to pay operating costs and our ability to meet demand for our products and services; the extent and nature of competition from other security and telecommunications products and services; the effects of developments in the cybersecurity and telecoms markets; our ability to successfully develop new products and services; our success in establishing and maintaining collaborative agreements, strategic alliances, licensing and supplier agreements; our ability to comply with applicable regulations; and other risks and uncertainties described in the company’s annual report on Form 20-F filed with the Securities and Exchange Commission, or SEC, and our other filings with the SEC. We undertake no obligation to update publicly any forward-looking statements, written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Adi and Michal PR-IR
Investor Relations, Israel