Maris-Tech receives $10 million video systems order
- Maris-Tech received a US$10 million order to develop and supply video systems for next-generation manned airborne platforms.
- The multi-year project with Magam Safety could increase total orders to approximately US$14.1 million if options are exercised.
- Maris-Tech said deliveries representing about US$7.1 million of the initial order are expected by the end of 2028.
Maris-Tech (NASDAQ:MTEK) received a US$10 million order to develop and supply video systems for next-generation manned airborne platforms under a multi-year project with Magam Safety.
The order covers multiple platforms and includes options that, if exercised, could increase the total value of orders received under the project to approximately US$14.1 million.
Maris-Tech said deliveries representing approximately US$7.1 million of the initial order value are expected to be completed by the end of 2028, with the systems based on its Jupiter video, AI edge-computing, streaming products, and Opal video-recording and network-storage software.
Maris-Tech develops video and artificial intelligence-based edge computing solutions for defense, aerospace, and other industrial applications.
The company said the project will use its existing Jupiter and Opal product lines to provide video processing, recording, and streaming capabilities for airborne platforms.
