Maris Tech up on $1.1 mln order from Israeli defense firm

Maris Tech

27/12/2022 15:23

** Shares of video communication technology provider Maris
Tech Ltd  MTEK.O  climb 7.7% at 83 cents
    ** Maris receives a $1.1 mln order from an Israeli defense
company for its multi-stream codec Jade  urn:newsml:reuters.com:*:nGNX5nQp3h
    ** "This is the largest purchase order the company has
received so far," says Maris CEO Israel Bar
    ** Codecs help to compress or decompress digital videos
        ** As of co's first half ended June 30, it had $346,866
in cash and cash equivalents
  
    ** Shares of Maris down 70.19% YTD, up to Friday's close
 (Reporting by Sourasis Bose in Bengaluru)
 ((Sourasis.bose@thomsonreuters.com))