Maris-Tech announces $3.4M of order backlog as of January 1, 2022

Maris-Tech announced that the Company’s order backlog, as of January 1, 2022, is approximately $3,360,000, of which approximately $968,000 was delivered and recognized as revenue during the six months ended June 30, 2022, approximately $364,000 has been delivered to customers from July 1,2022 through December 7, 2022, and the majority of the approximately $2,028,000 remaining is expected to be delivered and recognized as revenue by June 30, 2023. The Company’s order backlog is the accumulation of all pending orders with a later fulfillment date for which the Company considers valid, in addition to recognized revenues since January 1, 2022 and for products delivered since July 1, 2022, which revenue has not been recognized as of December 7, 2022. The order backlog includes orders for the Company’s latest and advanced Jupiter products family, including the Jupiter-nano and the Jupiter AI multiple-stream video platform with edge artificial intelligence acceleration. Israel Bar, Chief Executive Officer of Maris-Tech, said "We have been witnessing a growing demand for high-quality video transfer capabilities and uncompromising speed for some time. Thanks to our ability to meet these needs, we acquired strong, quality customers from a variety of industries, including the aerospace industry, in which suppliers are very carefully selected. We believe the future looks very promising for the Company, as we expect the demand for our products to continue to increase."