subslover
2 years ago
Maris-Tech Enters Into Agreement with Art of Logic Australia for $7.5 Million of a New Product Based On the Company’s Uranus-AI Product
May 09 2023 - 06:14AM
GlobeNewswire Inc.
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Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech” or the “Company”), a B2B provider of edge artificial intelligence (“AI") accelerated video solutions for edge platforms, today announced that it has entered into a large-scale product delivery agreement (the “Agreement”) with Art of Logic Pty Ltd ("AOL" or “Art of Logic”) Australia.
AOL develops and manufactures hardware and software systems for artificial intelligence and computer vision applications. AOL has selected Maris-Tech to develop and deliver the Callisto, a customized product based on Maris-Tech's Uranus-AI product family, a next-generation 8K ultra-HD video and Hailo-8 based AI acceleration edge computing platform ("Callisto"). AOL will develop its own AI computer vision software applications and will sell the integrated solution under its own brand to an end-customer based in the United States.
The Callisto will serve traffic control and safe city applications in the United States. The Agreement furthers the Company’s strategic plan to expand into the U.S. market.
The order is expected to be delivered to AOL in tranches during 2023 to 2025.
"We are thrilled to expand our cooperation with AOL with this Agreement for a customized product. Maris-Tech strives to provide our customers with cutting-edge, flexible, and unique technology that allows users to stream high-quality video in real-time and in extreme conditions" said Israel Bar, CEO of Maris-Tech.
"We are delighted to continue working with Maris-Tech. This Agreement for a new customized product expands the scope of our previous order from Maris-Tech and is a testimony to our successful cooperation" said Darren Ruger, CEO of AOL.
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 development and delivery of the Callisto, the timing for the delivery of the order to AOL, the ongoing efforts of the Company to expand into the U.S. market, and the intentions of the Company to provide its customers with cutting-edge, flexible, and unique technology that allows users to stream high-quality video in real-time and in extreme conditions. 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 arrange
subslover
2 years ago
ClearOne Announces a Special One-time Cash Dividend
SALT LAKE CITY--(BUSINESS WIRE)-- ClearOne (NASDAQ: CLRO) today announced that its Board of Directors has declared a special one-time cash dividend of $1.00 per share of ClearOne common stock, payable on May 31, 2023 to shareholders of record on May 22, 2023.
"The recent successful legal settlements have generated surplus cash for the Company. We are pleased to share this surplus with our shareholders, who continue to support the Company’s strategy and vision for future growth,” said Eric L. Robinson, Chairman of the Board of Directors of ClearOne. “We believe the company is now solidly positioned to pursue its long-term plans and return to rapid revenue growth and profitability.”
Even though this dividend announcement is a special one-time event, the declaration of dividends in the future is subject to the discretion of the ClearOne Board of Directors, which will evaluate the possibility of future dividend distributions from time-to-time based on factors that the Board of Directors deem relevant. However, no additional dividends have been authorized nor are contemplated at this time.
BRoberts1982
2 years ago
As filed with the Securities and Exchange Commission on September 21, 2022
Still effective? That's a HELLA DILUTION.....
Maris-Tech Ltd.
This prospectus relates to the issuance of up to 4,429,071 ordinary shares, no par value, or the Ordinary Shares, of Maris-Tech Ltd., or the Company, upon the exercise of the following warrants, or the Outstanding Warrants, issued as part of the Company’s initial public offering, or the Offering: (i) warrants, or the IPO Warrants, to purchase up to 4,244,048 Ordinary Shares, which are exercisable at an exercise price of $5.25 per Ordinary Share, and (ii) warrants, or the Representative’s Warrants, issued to Aegis Capital Corp., or the Representative, to purchase up to 185,023 Ordinary Shares, which are exercisable at an exercise price of $5.25 per Ordinary Share.
Backstabbed
2 years ago
$MTEK NEWS!!!!!!!! Maris-Tech's Technology to be Deployed at Beresheet 2 Lunar Mission- Israeli Spacecraft
July 05 2022 - 09:00AM
GlobeNewswire Inc.
https://ih.advfn.com/stock-market/NASDAQ/maris-tech-MTEK/stock-news/88520943/maris-techs-technology-to-be-deployed-at-beresheet
Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a B2B provider of intelligent video transmission technology, today announced that it has been chosen by SpaceIL, an organization that strives to promote science and science education, which in 2019 became the first private entity in history to reach the moon, to take part in "Beresheet 2 Lunar Mission", Israeli Lunar Spacecraft. As a result, the Company received a purchase order, for the Jupiter-Space development.
The Company's Neptune-Space previously served as the video recording and streaming solution on the 2019 SpaceIL “Beresheet” spacecraft, the first Israeli and the first privately initiated mission to land on the moon.
"We are thrilled to take part in this important mission. Our unique and miniature technology allows users to stream high quality video in real time and in extreme conditions. We strive to provide our customers with cutting-edge, custom technologies, and are pleased with our second mission with SpaceIL," said Israel Bar, CEO of Maris-Tech.
Shimon Sarid, CEO of SpaceIL, commented "We are proud to team up with Maris-Tech and make together our journey all the way to the moon.”
Beresheet 2 Lunar Mission is a three Spacecraft Mission to the Moon: one Orbiter and two Landers. The Orbiter is planned to launch from Earth while carrying the two Landers, arrive to the moon, safely release the Landers at different times and continue orbiting the moon for several years, while the Landers are planned to be released from the Orbiter and land at different sites on the moon. Each spacecraft is performing at least one scientific mission.
The Jupiter-Space is designated for both Beresheet 2 Landers and Orbiter. It oversees cameras operation, image processing and additional processing including hosting landing algorithm.
Backstabbed
2 years ago
$MTEK NEWS!!!! Maris-Tech Receives Purchase Order from Leading Defense Company for $300,000
https://ih.advfn.com/stock-market/NASDAQ/maris-tech-MTEK/stock-news/88328730/maris-tech-receives-purchase-order-from-leading-de
Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech”), a B2B provider of intelligent video transmission technology, today announced it has received a $300,000 purchase order from a leading Israeli defense company. The purchase order refers to Maris-Tech' Opal platform, which is based on its advanced Jupiter AI platform.
"We have seen an increase in demand for our unique products and technologies over the past few months, resulting in new orders and partnerships," said Israel Bar, CEO of Maris-Tech. "Our technology platform enables us to adapt our solutions to the needs of our customers and as a result, expand our product portfolio. We enjoy a high level of confidence from leading players in the defense and surveillance sector, contributing greatly to our reputation and our recognition in the market".
The purchase order was received for Opal, Maris-Tech's new ruggedized platform based on the Jupiter-AI platform, which is an integration of the Jupiter-Nano and the Hailo AI accelerator.
Maris-Tech’s Jupiter AI platform delivers real-time intelligence gathering and analytics based situational awareness capabilities from multiple sources and combines Maris-Tech’s capability in video processing and artificial intelligence. The Jupiter product range features intelligent video transmission technologies with high quality video, superior energy efficiency, and miniaturized form factor that is suitable for a wide range of platforms and applications.
Backstabbed
2 years ago
$MTEK NEWS!!!!!! Maris-Tech Initiates up to $1 Million Share Repurchase Plan Process
Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech” or the “Company”), a B2B provider of intelligent video transmission technology, today announced that its board of directors has authorized a share repurchase plan (the “Repurchase Plan”) allowing the Company to invest up to $1 million to repurchase its ordinary shares, no par value (the “Ordinary Shares”).
https://ih.advfn.com/stock-market/NASDAQ/maris-tech-MTEK/stock-news/88264989/maris-tech-initiates-up-to-1-million-share-repurc
The Repurchase Plan authorizes the Company’s management to repurchase Ordinary Shares, from time to time, in open market transactions, and/or in privately negotiated transactions or in any other legally permissible ways, depending on market conditions, share price, trading volume and other factors. Such repurchases will be made in accordance with applicable U.S. securities laws and regulations, under the U.S. Securities Exchange Act of 1934, as amended, and applicable Israeli law, and are subject to the approval of the Israeli court, which is meant to ensure that the Company has enough resources for the Repurchase Plan without affecting its other on-going obligations and commitments.
The Repurchase Plan does not obligate the Company to repurchase any specific number of the Ordinary Shares and may be suspended or terminated at any time at management’s discretion.
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