Maris-Tech Secures a $4 Million Line of Credit from a Leading Israeli Commercial Bank
Summary
This line of credit will give us the flexibility to achieve our growth potential, without relying on market conditions or sales of our equity. Founded by Israeli technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, Intelligence gathering, homeland security (HLS), and communication industries. Forward-looking statements, which are based on certain assumptions and describe the Companys future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as believe, expect, may, should, could, seek, intend, plan, goal, estimate, anticipate or other comparable terms. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of the Companys control. Important factors that could cause the Companys actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: its ability to successfully market its products and services, including in the United States; the acceptance of its products and services by customers; its continued ability to pay operating costs and ability to meet demand for its products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; its ability to successfully develop new products and services; its success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; its ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2023, filed with the SEC on March 21, 2024, and its other filings with the SEC.