Maris-Tech Collaborates With Quantum Gyro To Develop ME-Nav, Advanced GNSS-Denied Navigation System; Maris-Tech To Obtain Controlling Interest In New Entity

Maris-Tech Ltd. (NASDAQ:MTEK, MTEKW))) ("Maris-Tech" or the "Company"), a global leader in video and artificial intelligence ("AI") – based edge computing technology, today announced that it has entered into a collaboration agreement (the "Collaboration Agreement") with Quantum Gyro Ltd. ("Quantum Gyro"), a pioneer in quantum physics-based inertial navigation technology.

Pursuant to the Collaboration Agreement, the parties will collaborate on the development of the ME-Nav, an advanced global navigation satellite system ("GNSS")-denied navigation system that integrates Maris-Tech's edge AI computing platform with Quantum Gyro's quantum gyroscope technology. The solution is designed for mission-critical applications where global positioning systems ("GPS") are unavailable or jammed, including military operations, urban warfare, indoor navigation, and autonomous systems.

Also pursuant to the Collaboration Agreement, the parties will form a new entity, which will be jointly owned entity to commercialize the ME-Nav (the "NewCo").