If you describe something as state-of-the-art, you mean it is the best available because it has been made using the most modern techniques and technology.

For example, they’re presenting the production of state-of-the-art military equipment. 

The movie was made with state-of-the-art computer graphics.

 It did what my own laptop couldn’t—it played state-of-the-art games such as Half-Life and Unreal Tournament satisfactorily.

More examples: State-of-the-art technology, buildings, computers, scientific information, cameras, etc.

Tradução: de última geração, super moderno, a última palavra, tecnologia de ponta.