Company: MRT
Filing Date: 2025-04-29
Form Type: 20-F
Source: 0001213900-25-036882
Chunk: 43

Company: Marti Technologies, Inc.
Filing Date: 2025-04-29
Form: 20-F
Item: Item 3
Chunk 43
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 service at high levels of reliability, scalability, and performance.
We have experienced interruptions in our systems in the past due to unusually high user demand, and future interruptions in these systems,
whether due to system failures, computer viruses, or physical or electronic break-ins, could affect the security or availability of our
mobile applications. Problems with the reliability or security of our mobile applications, and our internal information technology systems
would harm our reputation, and the cost of remedying these problems could negatively affect our business, financial condition, and results
of operations.

Damage to or failure of our systems, or
interruptions or delays in service from our third-party cloud service platforms could impair service delivery and harm our business.

Any damage to, or failure of, our systems generally
could result in interruptions in our service. In addition, we are heavily dependent on third-party cloud service providers for hosting
our data. Any damage to, or failure of, our systems generally or those of our third-party providers’ hosting facilities, including
as a result of unsuccessful or delayed data transfers, could result in interruptions in our service, which could cause our users and potential
users to believe that our service is unreliable. This perception could negatively affect our business, financial condition, and results
of operations. For example, in August 2022 a failure in the domain name system of one of our cloud providers temporarily affected
the availability of some of our application programming interfaces, thereby impacting our application’s availability and customer
rides.

Our products and services rely on GPS and
other Global Navigation Satellite Systems (“ GNSS”), and if we were to lose access to these systems, we may experience a total
loss of demand for both ride-hailing and two-wheeled electric vehicle operations, as well as a total loss of our two-wheeled electric
vehicles due to the inability to track vehicle locations.

GPS is a satellite-based navigation and positioning
system consisting of a constellation of orbiting satellites. The satellites and their ground control and monitoring stations are maintained
and operated by the U. S. Department of Defense, which does not currently charge users for access to the satellite signals. These satellites
and their ground support systems are complex electronic systems subject to electronic and mechanical failures and possible sabotage. The
satellites were originally designed to have lives of 7.5 years and are subject to damage by the hostile space environment in which
they operate. However, of the current deployment of satellites in place, some have been operating for more than 20 years.