Maris-Tech signs deal with major distributor in Turkey, continuing company’s trend of international expansion

Maris-Tech Ltd.

Maris-Tech Ltd.

The agreement indicates Broad reach of Maris-Tech’s international marketing activities following previous deals in Australia and New Zealand

Rehovot, Israel, May 24, 2023 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech” or the “Company”), a B2B provider of Edge AI video solutions for edge platforms, announced today that it has entered into an agreement with IMCA Electronic In Turkey (“IMCA”)It is a leading distributor of products for defense, aviation, transportation, industrial and consumer electronics applications in Turkey.

Under the agreement, Maris-Tech appointed IMCA as the company’s sole distributor in Turkey, and as such, IMCA will promote and sell Maris-Tech products. After setting a record $4.4 billion in arms exports by 2022, Turkey has set an export target of $6 billion in various areas by 2023, with diverse, advanced and growing defense, aerospace and transportation industries.*.

“We are honored to have IMCA as the exclusive distributor in Turkey, introducing Maris-Tech’s cutting edge and specialty product sales in the new state of one of the most advanced defense industries in the world. Partnering with IMCA, an established and experienced distributor, will further our international expansion by entering the large and important market of Turkey. “It allows us to continue,” said Israel Barr, CEO of Maris Tech.

“IMCA welcomes this opportunity to promote and distribute Maris-Tech’s innovative technology, facilitating the sale of its products in Turkey. We look forward to a mutually beneficial, extended and productive working relationship,” said IMCA Managing Director Semal Alpay.

*Sources: CNBC, Daily Sabah

About Maris-Tech Ltd.

Maris-Tech is a B2B video streaming and AI technology provider founded by Israeli tech industry veterans with extensive electrical engineering and imaging experience. Our products are designed to meet the growing demands of commercial and tactical applications, providing 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

Disclaimer of Forward-Looking Statements

This press release Port” created by those units. Forward-looking statements that are based on certain assumptions and describe our future plans, strategies and expectations are generally identified by the use of forward-looking words such as “believe,” “expect,” “may.” “”may,” “seek,” “plan,” “plan,” “goal,” “estimate,” “estimate” or other related words. For example, we are using forward-looking statements when discussing future sales. Our products in Turkey and international expansion are not forward-looking statements of historical fact or assurances of future performance. Rather, they are based only on current beliefs, hopes and assumptions, business future plans and strategies, forecasts. , expected events and trends, economic and other future conditions because forward-looking statements relate to the future, which are inherently uncertain, subject to risks and changes in circumstances that are difficult to predict and most of which are beyond our control. Our actual results and financial condition may differ materially from those expressed in forward-looking statements. Therefore, you should not place undue reliance on these forward-looking statements. Key factors that could cause our actual results and financial condition to differ materially from those expressed in forward-looking statements include, among others: our ability to successfully market our products and services, including in the United States; Customer acceptance of our products and services; our continued ability to pay operating expenses and meet demand for our products and services; the extent and nature of competition from other security and telecom products and services; the effects of changes in the cyber security and telecom markets; Ability to successfully develop new products and services; our success in establishing and maintaining cooperative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and other risks and uncertainties 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, whether as a result of new information, future developments or otherwise that may be made from time to time.

Investor Relations:

Nir Bussy, CFO
Telephone: + 972-72-2424022

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *