Maris-Tech announced that the Company’s backlog as of January 29, 2024, reached a record high of approximately $10,800,000. The Company defines backlog as the accumulation of all pending orders with a later fulfillment date for which revenue has not been recognized and the Company considers valid. The backlog consists of executed purchase orders from new customers and existing customers with which we have had long-standing relationships and from governmental agencies. “We are very pleased with the successes of 2023, gaining new and repeat business that is also reflected in a record backlog of orders. The backlog reflects the continued demand for our innovative defense and AI-powered solutions, which has increased the Company’s backlog consistently. We eagerly anticipate meeting the challenges, expectations and goals of 2024,” said Israel Bar, CEO of Maris-Tech.
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