Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Maris-Tech Announces Expansion Of Commercial Activity In The U.S. Defense Market

Author: Benzinga Newsdesk | October 16, 2023 08:12am

Industry Veteran Adam Emanuel has been appointed to the Company's advisory board and Maris-Tech will partner with Altagrove LLC to promote the Company's innovative solutions for integration on various UAVs and unmanned platforms

Rehovot, Israel, Oct. 16, 2023 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (NASDAQ:MTEK, MTEKW))))) ("Maris-Tech" or the "Company"), a B2B provider of artificial intelligence ("A.I.") accelerated video solutions for edge platforms, today announced significant steps toward expansion of its activity in the U.S. market. The Company announced the appointment of Adam Emanuel of Emanuel & Associates, Inc., located in Washington, D.C., to Maris-Tech's Advisory Board and the Company's partnership with him and Altagrove LLC ("Altagrove"), a defense and space manufacturing company that delivers smart and innovative technology solutions to create competitive customer advantages, located in Virginia, to facilitate the marketing of its products in the U.S. governmental and defense market.

Adam Emanuel has over 30 years of experience in aerospace defense and homeland security in the U.S. federal market space, representing both U.S. and major Israeli companies. He has facilitated joint programs between the U.S. and Israeli governments, accompanying the entire process, including advocacy on Capitol Hill, funding, competition, and the Americanization of technology.

Maris-Tech's high-performance edge-AI computing and low-latency video streaming solutions for integration on remote platforms are meeting and exceeding the requirements of North American manufacturers and defense contractors in both the commercial and defense markets. The Company's flagship products and innovative technologies were recently showcased at the Commercial UAV Expo in Las Vegas, a leading international trade show and conference, and will be showcased at the Milipol Expo in Paris.

Israel Bar, CEO of Maris-Tech, commented on the new appointment, saying, "The growing global market for video-based Edge Computing solutions, coupled with the interest in Maris-Tech's unique, powerful solutions incorporating video streaming and AI acceleration for autonomous remote platforms, has opened exciting new opportunities for Maris-Tech to expand the Company's global operations. We are happy to partner with Adam Emanual and are certain that his vast experience and deep market knowledge will be a valuable driving force to further our expansion into the U.S. defense market. Adam and our other Advisory Board members – Mr. Nir Ben Moshe and Mr. Les Litwin- strengthen our Advisory Board, assisting Maris-Tech with penetrating new markets."

Adam Emanuel said, "I look forward to assisting and leveraging my expertise in the U.S. market to advance Maris-Tech's unique solutions. Maris-Tech's field-proven products have already been widely adopted worldwide, and I am excited to bring them to the U.S., facilitated by Altagrove as lead systems integrator."

Posted In: MTEK

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist