3/26/2024

speaker
Israel Bar
Founder & CEO

Good morning to the US participants. Good afternoon to the Israeli participants. My name is Israel Bar. I'm Maristech founder and CEO. Also with me is Mr. Nir Busi, our CFO. Thank you for joining us for this webinar. This is the first time we hold such an event, but we intend to continue with similar events in the future. Before we start, please take a few seconds to review the forward looking statements presented in this slide. On March 21, we published our 2023 financial statements and we invite you to review them. Mr. Busi and I will present to you during the next 10 to 15 minutes the company's technology and business activities, as well as the financials key information. During the webinar, you may ask questions in the chat room, which will be addressed right after the presentations. It is important to mention that in accordance with the legal advisors instructions, we can only refer to information that has been published in the EDGAR system. So who is Maris? What we are doing? What is the technology? So Maris is a company which is dealing with what we call AI based age computing. which according to what we see in the market these days, it is one of the most rapidly developing technology. When we are talking about age computing, we are talking about the technology which enables autonomous decision-making at the age on any remote platform. It can be a drone, it can be a robot, it can be a vehicle and many other platforms which are equipped with cameras, with video, and needs to take decisions autonomously. Edge computing functionality, as I said, relies on a variety of video sensors, and it can be any sensor available in the market, starting with standard definition, high definition, and any other standard which is mounted on a remote platform. Another important feature which relates to the edge computing is the possibility for the technology to provide and stream the video from the remote platform to the operator and do it in low latency. And when we are talking about low latency, we are talking about an important feature which shows the delay in between what the camera sees and what the operator sees. And this is a very important feature when we are trying to control a remote platform and it should be as low as possible. MARIS declares a 100 milliseconds end-to-end latency. Now, when it comes to age computing, Most of the edge computing-related applications, such as small drones, are very sensitive to size, weight, and power consumption. MARIS technology, the wide range of MARIS hardware and software solutions, answer these requirements and provide a technology which is crossing large and fast-growing markets and applications. Now, it is important It is important to mention that the announcement we have published yesterday about the cooperation with Renaissance is a strong evidence of the recognition of the Maris technology and the recognition that Maris gets from market leaders in regards to what we are developing. Let me now take you through the applications in which Malice is involved and deployed. This applications tool will give you much better view of what our technology is capable to do. So let's start with defense. Defense now is one of the most important markets for the Malice technology. And unfortunately, we cannot ignore the fact that defense plays these days an important role all over the world, especially due to the war in Ukraine and here in Israel. We also cannot ignore the fact that the modern battlefield is significantly changing. AI and instant remote visual information are creating a revolution. And as a result, defense budgets are significantly growing. If we are looking now on the list of applications in which MARIS is involved in each one of them, we can see the drones market. Drones now are everywhere. They are used in military applications. We are talking about indoors and outdoor drones, which are used for attack, for intelligence gathering. And MARIS is providing the video payloads for such drones. I can tell you that we have almost We already have thousands of drones equipped with the Marist technology here in Israel and in many other locations worldwide. armored vehicle situation awareness, that's also an important part of AI capabilities where the people sitting within an armored vehicle get an indication about threats surrounding the armored vehicle. Without going into too details, MARIS during the last few months already equipped hundreds of armored vehicles with our situation awareness solutions. And we are now in these days providing and delivering a few hundreds more. And I can tell you that from the feedback that we are getting from the battlefield, our technology is saving lives. Other applications are related to missiles, missile launchers, loitering munitions, special forces tactical devices, and another important market that MARIS is dealing with is together with intelligence agencies. We are developing now and we won a few tenders for AI-based sophisticated intelligence gathering. And we are going to play an important role in this market. And of course, many other unmanned vehicles such as UAVs and unmanned ground vehicles and similar. This slide is an excellent description of where MARIS is. MARIS is inside each and every application that you may see in this slide. It can be in a satellite, it can be on a infantry soldier, it can be in a sniper site, or it can be an aircraft or a military dog. So the MARIS technology is good enough to cross a wide range of defense applications as well as others. and provide everything you need in the modern battlefield, bringing the information to the operator or to the headquarters in order for the headquarters to take decisions during the war. Another important market is the Homeland Security. MARIS is providing solutions for law enforcement, border control, and a lot of solutions with miniature devices and low-power devices for covered applications on a remote platform. Maris is also involved in space applications. I believe that based on the announcements we have made in the past, you know that we have provided the video for the Israeli first satellite that was launched to the moon, the Bereshet-1, which was providing video until the last moment before the satellite crashed on the moon. We have been awarded with the new project, the Bereshet-2, We have a project with a U.S. company for situational wellness in space where we provide high-quality visual data acquisition, collision avoidance, docking and proximity, and many other space-related applications, and this project is in process. Smart City and Safe City are also important applications where we are using our technology together with partners in the area of AI applications, and our technologies are now serving crowd control, traffic monitoring, and other smart city applications. We can even use the technology in commercial applications, drones delivery, smart retail, when we can detect behavior of customers in malls and similar sites, site infrastructure, precision agriculture, and machine vision. Now, this market of the age computing is expanding and exploding. Now, every new research shows bigger and bigger numbers as of today based on some of the research we're talking about a market of 50 billion dollars during 2023 which may grow up to more than 100 billion dollars in 2028 and i have the feeling that within a year we have a research which shows much more than that mice also expanding its market presence except of israel which is our main market as of now but we have a lot of activities worldwide. We are now in the Far East. Even the announcement of yesterday will add a flag in Japan, which we didn't have the opportunity to add into the presentation. We have a strong position in India. We have a lot of drone customers in India. We are working in a lot of projects in Europe together with our UK distributor and now we are doing a lot of efforts to access the US market. We intend to be at exhibitions and we are using local partners and agents which will help us to have similar activities like we have here in Israel with the defense industries to have something similar in the US. And now Nir, our CFO will continue with the presentation.

speaker
Nir Busi
CFO

Hi, everyone. My name is Nibusi, and I am the CFO of the company. As Israel said, I will share with you some highlights from our financials.

speaker
Unknown
Webinar Moderator

Open your camera, please. Just a second. Camera. Mm-hmm.

Disclaimer

This conference call transcript was computer generated and almost certianly contains errors. This transcript is provided for information purposes only.EarningsCall, LLC makes no representation about the accuracy of the aforementioned transcript, and you are cautioned not to place undue reliance on the information provided by the transcript.

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