Mark 3 is the name given to a type of device or product made by a company or organization. Think of it like a sandwich, there are different types of sandwiches, like peanut butter and jelly or ham and cheese. Mark 3 is just another type of sandwich.
Sometimes, companies use numbers or words like "Mark" to differentiate between different versions or models of their product. Mark 3 might be the third version or model of this product that the company has made, with each version having different improvements or changes.
When you hear the term "Mark 3" it just means a specific version of a product that has certain features or qualities that are different from previous versions or other similar products.