Maris-Tech Ltd. announced that it has a grant approval of approximately $156,000 from the Israel Innovation Authority (?IAA?) to support the second year of a joint development project with the Ben Gurion University of the Negev (?BGU?). The grant represents 66% of the total budget for the second year operation (or approximately $236,000) of the ongoing joint project to develop an advanced system based on AI and machine learning (?ML?) for diagnosing and predicting drone faults and malfunctions. The total budget for the two-year project is approximately $695,000.

The aim of the project is to adapt and integrate an identification and prediction model developed at BGU in existing Maris-Tech systems. The grant was approved based on the successful completion and meeting of the objectives of the first-year work plan and the continued successful collaboration between Maris-Tech and BGU.