Maris-Tech Launches Ultra-Compact AI-Powered Video Analytics Product – The Jupiter Drones for the Unmanned Aerial Vehicle Market
The versatile solution is suitable for diverse drone needs and can be tailored to multiple camera configurations
Rehovot, Israel, Oct. 06, 2023 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a B2B provider of edge artificial intelligence (“AI”) accelerated video solutions for edge platforms, today announced the launch of Jupiter Drones, an innovative, drone-oriented solution based on Maris-Tech’s Jupiter Nano platform.
Jupiter Drones meets the diverse and emerging requirements of the drone market, suitable for a wide range of professional civilian, homeland security, and defense applications. The unique, compact, and lightweight product is specifically tailored to fit the various configurations of drone cameras and offers an optional add-on AI acceleration module.
Jupiter Drones was demonstrated at the Commercial UAV Expo held in September 2023 in the United States.
“Our breakthrough product has a lighter, compact form factor uniquely designed for integration on drones, featuring Maris-Tech’s powerful, best-in-class video streaming technologies. Maris-Tech continues to focus on high-performance solutions that deliver a technological edge and superior operational performance for every type of unmanned platform,” said Israel Bar, Chief Executive Officer of Maris-Tech.
About Maris-Tech Ltd.
Maris-Tech is a B2B provider of video streaming and AI technology, founded by veterans of the Israel technology sector with extensive electrical engineering and imaging experience. Our products are designed to meet the growing demands of commercial and tactical applications, delivering high-performance, compact, low power and low latency solutions to companies worldwide, including leading electro-optical payload, RF datalink and unmanned platform manufacturers as well as defense, HLS, and communication companies. For more information, visit https://www.maris-tech.com.
Forward-Looking Statement Disclaimer
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, that are intended to be covered by the “safe harbor” created by those sections. 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,” “expect”,” “may”, “should,” “could,” “seek, ” “intend, ” “plan, ” “goal, ” “estimate, ” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we are discussing the advantages and benefits of the Jupiter Drones and our other solutions. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only 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 outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and services, including in the United States; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2022, filed with the SEC on March 6, 2023, and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.
Nir Bussy, CFO
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