Maris Tech collaborates with LightPath for AI-ready infrared cameras

Husbands–Technology integrated critical firmware and hardware for support AI algorithms integrated in LightPath infrared cameras

Rehovot, Israel, June 12, 2024 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK) (“Maris-Tech” or the “Company”), a B2B provider of artificial intelligence (“AI”) edge computing accelerated video solutions for cutting-edge platforms, today announced a collaboration with LightPath (Nasdaq: LPTH) (“LightPath”) in which Maris-tech integrated critical firmware and hardware to support the AI ​​algorithms embedded in LightPath’s infrared cameras, achieving a significant milestone in ‘evolution. of LightPath technology with support for hardware, software and AI-accelerated algorithms in all of its infrared cameras.

The new AI-powered feature will be available as an option on all LightPath cameras and is called EdgeIR™.

“We are extremely proud of this important collaboration, which marks the next step in the evolution of optical solutions within AI systems. Adding integrated AI hardware and software to the edge of the video pipeline is crucial for the actual deployment of AI models,” said Israel Bar Association, CEO of Maris-Tech. “Demand from defense and industrial markets has shown that bandwidth and security issues in cloud and server infrastructures hinder the integration of optical systems with trained AI models in field applications. Integrating integrated AI hardware and software simplifies deployment, minimizes the need for hardware customization, and allows customers to focus on the fundamental goals of their system,” added Bar.

The new EdgeIR™ cameras integrate Maris-Tech’s technology with a Hailo-8 AI accelerator built into the hardware, allowing customers to upload and run their favorite trained AI models at the edge at the camera. This new feature, which will be available on all LightPath cameras, will enable low-latency, real-time streaming and high-efficiency AI inference on the camera’s video feed.

About Maris-Tech Ltd.

Maris-Tech is a B2B video streaming and AI technology provider, founded by veterans of the Israeli technology sector with extensive experience in electrical engineering and imaging. 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 businesses around the world, including leading manufacturers of electro-optical payloads, optical link RF data and unmanned platforms, as well as defense, homeland security and communications companies. For more information, visit https://www.maris-tech.com.

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Disclaimer Regarding Forward-Looking Statements

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, which are intended to be hedged through the “safe”. port” created by these 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”, “objective”, “estimate”, “anticipate” or other comparable terms. For example, we use forward-looking statements when discussing our collaboration. with LightPath and the integration of the company’s technology into LightPath’s infrared cameras, and the implications of such integration, including that the new EdgeIR™ cameras will allow customers to download and run their infrared models Preferred edge-trained AI at the camera level, which will enable low-latency real-time streaming and high-efficiency AI inference on the camera video feed. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. which are beyond 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 ; customer acceptance of our products and services; our continued ability to pay operating costs and our ability to meet demand for our products and services; the extent and nature of competition from other security and telecommunications products and services; the effects of developments in the cybersecurity and telecommunications markets; our ability to successfully develop new products and services; our success in establishing and maintaining strategic alliance and collaboration agreements, licensing and supplier agreements; our ability to comply with applicable regulations; and other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2023, filed with the SEC on March 21, 2024, and in our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

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