Maris-TechNASDAQ: MTEK

Leading Video and AI-based Edge Computing Company Establishes U.S. Subsidiary to Accelerate Growth in the U.S. Defense and Homeland Security Sectors

Diamond Ultra integrates up to 12 high definition (“HD”) cameras, providing 360° 3D and airborne threat protection for Armored Fighting Vehicles (“AFV”). Powered by two Hailo AI processors, it enables real-time monitoring and AI-based analysis of video streams.

The patented method reduces overhead data required in the forward error correction process based on specific characteristics of streamed media communication

Revenues for the six-months ended June 30, 2024 were approximately $3.4 million, an increase of approximately 620% compared to the same period in 2023

Driven by robust demand for the Company's defense and AI-powered solutions, gross revenues for the six-month period ended June 30, 2024, increased by approximately 630%-720 % compared to the same six-month period in 2023.

This marks the third repeat order from the defense industry customer for this solution, which enables armored fighting vehicle (“AFV”) crews to detect and respond to dismounted threats

The advanced video payload ‎for drones will be based on Maris-Tech's Uranus technology Rehovot, Israel, June 03, 2024 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq: MTEK) ("Maris-Tech" or the "Company"), a B2B provider of edge computing artificial intelligence (“AI”) accelerated video solutions for edge platforms, today announced that it has received an order for $225,000 from Aero Sol, a leading military drone manufacturer, for a new video payload solution for drone platforms.

The Company will host a webinar with investors on Tuesday, March 26, 2024 at 9:00 a.m., Eastern Time

Maris Tech (NASDAQ: MTEK ) stock is rising higher on Monday after the company launched its new Jupiter Drones product. Jupiter Drones makes use of the company's Jupiter Nano platform to offer a lightweight drone for a variety of uses.