Maris-Tech Receives Repeat Order for Approximately $600,000 with an Option to Increase to Approximately $730,000 from a Company in the Defense Industry for its Unique Situational Awareness Solution

February 21, 2024

https://www.globenewswire.com/news-release/2024/02/21/2832736/0/en/Maris-Tech-Receives-Repeat-Order-for-Approximately-600-000-with-an-Option-to-Increase-to-Approximately-730-000-from-a-Company-in-the-Defense-Industry-for-its-Unique-Situational-Awa.html

Total orders for the innovative, customized system from this customer climb to approximately $1,287,000

Rehovot, Israel, Feb. 21, 2024 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq:MTEK, MTEKW) (“Maris-Tech” or the “Company”), a B2B provider of artificial intelligence (“AI”) accelerated video solutions for edge platforms, today announced that it has received a repeat order for approximately $600,000 from a leading company in the defense industry for a customized solution, that provides armored and autonomous vehicles with enhanced situational awareness. The customer also has an option to increase the order by $130,000 to approximately $730,000.

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