Maris-Tech (MTEK) completed a pilot assembly of an undisclosed core product at a manufacturing facility in Michigan.
The product passed quality assurance tests, marking a step toward bolstering prospects in the US defense market, the company said Tuesday in a statement.
Maris-Tech, based in Rehovot, Israel, makes AI-powered video processing systems for drones, tactical alert systems for armored vehicles and edge devices for special forces, enabling local data processing without relying on a central server.
Shares of the company jumped 13% in recent Tuesday trading.
Price: 2.00, Change: +0.23, Percent Change: +12.99
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