UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
Washington,
D.C. 20549s
Form
6-K
Report
of Foreign Private Issuer
Pursuant
to Rule 13a-16 or 15d-16
under
the Securities Exchange Act of 1934
For
the month of February 2024 (Report No. 2)
Commission
file number: 001-41260
Maris-Tech
Ltd.
(Translation
of registrant’s name into English)
2
Yitzhak Modai Street
Rehovot,
Israel 7608804
(Address
of principal executive offices)
Indicate
by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F.
Form
20-F ☒ Form 40-F ☐
CONTENTS
On
February 21, 2024, Maris-Tech Ltd. (the “Registrant”) issued a press release titled “Maris-Tech Receives Repeat Order
for Approximately $600,000 with an Option to Increase to Approximately $730,000 from a Company in the Defense Industry for its Unique
Situational Awareness Solution” (the “Press Release”), a copy of which is filed as Exhibit 99.1 with this report of
foreign private issuer on Form 6-K (this “Report”).
The
first three paragraphs and the section titled “Forward-Looking Statement Disclaimer” in the Press Release are incorporated
by reference into the Registrant’s Registration Statements on Form S-8 (Registration No. 333-262910 and 333-274826)
and Registration Statement on Form F-3 (Registration No. 333-270330), filed with the Securities and Exchange Commission, to be a
part thereof from the date on which this Report is submitted, to the extent not superseded by documents or reports subsequently filed
or furnished.
SIGNATURES
Pursuant
to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this Report to be signed on its behalf by
the undersigned, thereunto duly authorized.
| |
Maris-Tech Ltd. |
| |
|
|
| Date: February 21, 2024 |
By: |
/s/ Nir
Bussy |
| |
|
Nir Bussy |
| |
|
Chief Financial Officer |
2
Exhibit 99.1
Maris-Tech Receives Repeat Order for Approximately
$600,000 with an Option to Increase to Approximately $730,000 from a Company in the Defense Industry for its Unique Situational Awareness
Solution
Total orders for the innovative, customized
system from this customer climb to approximately $1,287,000
Rehovot, Israel, Feb. 21, 2024 (GLOBE NEWSWIRE) -- Maris-Tech Ltd. (Nasdaq:
MTEK, MTEKW) (“Maris-Tech” or the “Company”), a B2B provider of artificial intelligence (“AI”) accelerated
video solutions for edge platforms, today announced that it has received a repeat order for approximately $600,000 from a leading company
in the defense industry for a customized solution, that provides armored and autonomous vehicles with enhanced situational awareness.
The customer also has an option to increase the order by $130,000 to approximately $730,000.
The situational awareness system is based on Maris-Tech’s powerful
Jupiter AI platform, incorporating advanced video streaming, recording, and AI-based capabilities that provide real-time intelligence
to armored and autonomous vehicles.
The repeat order was received after the systems were installed and
field-proven to the end customer’s complete satisfaction and approval. The first order, as the Company announced on November 22,
2023, was for approximately $687,000, including exercising the customer’s option, reaching a total amount for the two orders of
approximately $1,287,000 (or approximately $1,417,000 if the customer exercises the option in the current order).
“This repeat order for our innovative system once again highlights
Maris-Tech’s capability to deliver high-quality, advanced solutions in response to immediate and critical combat operational needs,”
said Israel Bar, CEO of Maris-Tech
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, homeland security, 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 new order and its potential increase and the Company’s capability to deliver high-quality, advanced solutions
in response to immediate and critical combat operational needs of our customers. 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 arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties
described in the Annual Report 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, that may
be made from time to time, whether as a result of new information, future developments or otherwise.
Investor Relations:
Nir Bussy, CFO
Tel: +972-72-2424022
Nir@maris-tech.com
Maris Tech (NASDAQ:MTEK)
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Maris Tech (NASDAQ:MTEK)
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