ParaZero Technologies Ltd

ParaZero Technologies Ltd. develops drone technology and safety systems. It is engaged in the business of designing, developing, and providing autonomous parachute safety systems for commercial drones, also known as Unmanned Aerial Systems or UAS. The company was founded by Amir Tsaliah and Ran Krauss on June 30, 2013 and is headquartered in Kiryat Ono, Israel.

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Tel Aviv, Israel, April 25, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company” or “ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, today announced a strategic collaboration with Draganfly Inc. (Nasdaq: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly”), an industry pioneer in commercial drone technology, integrating its advanced safety technology into Draganfly's Commander 3XL drones. This enhancement is set to significantly boost the safety and reliability of UAVs in crucial applications and emergency operations. By incorporating ParaZero's state-of-the-art safety technology into Draganfly's Commander 3XL drones, the collaboration ensures enhanced safety for urban and wilderness operations.

ParaZero Integrates its Safety Technology into Draganfly's Commander 3XL Drones for Home Hospital Delivery and Emergency Response

Tel Aviv, Israel, April 24, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company” or “ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, received a significant purchase order from Draganfly Inc. (Nasdaq: DPRO) (CSE: DPRO) (FSE: 3U8A) (“Draganfly”), an industry pioneer in commercial drone technology. This order will feature ParaZero's safety technology integrated into Draganfly's Commander 3XL drones, marking a big step in enhancing the safety and operational capabilities of these drones for critical missions.

ParaZero Received Purchase Order from Draganfly for Advanced Safety Technology Integration into Commander 3XL Drones

The counter unmanned aircraft system (C-UAS) market is estimated to reach over $15 billion by 2032 Tel Aviv, Israel, April 16, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company” or “ParaZero”), an aerospace company focused on drone technologies for commercial drones, defense drones and urban air mobility aircraft, recently announced its intention to enter the counter unmanned aircraft system (C-UAS or anti-drone) market, by developing dedicated solutions based on its advanced technology, as announced on February 27, 2024.

ParaZero Develops Counter Drone Solutions Leveraging Its Unique Technology

Tel Aviv, Israel, April 02, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, announces its participation in Xponential 2024, the premier conference and exhibition for unmanned systems and robotics. The event is scheduled to take place from April 22 – 25, 2024 in San Diego, USA.

ParaZero to Showcase Latest Drone Safety Solutions at Xponential 2024 Conference

TEL AVIV, Israel, March 22, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "company” or “ParaZero”), an aerospace company focused on drone technologies for commercial drones, defense drones, and urban air mobility aircraft, reported today its financial results for year ended December 31, 2023.

ParaZero Announces 2023 Financial Results

The counter unmanned aircraft system (C-UAS) market is estimated to reach over $15 billion by 2032 Tel Aviv, Israel, Feb. 27, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company” or “ParaZero”), an aerospace company focused on drone technologies for commercial drones, defense drones and urban air mobility aircraft, announced its intention to enter the counter unmanned aircraft system (C-UAS or anti-drone) market.

ParaZero to Enter the Multi-Billion Dollar Counter Drone Market

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As part of the ongoing collaboration with Vayu Aerospace, ParaZero's safety systems will be integrated into Vayu's fleet of G-1MKII, G-1MKIII, US-1-MKII and US-2 delivery drones to be used as part of Global Autonomous Corporation's (Global Autonomous) efforts overseas

ParaZero Ramps Up Partnership with US-Based Autonomous Drone OEM Vayu Aerospace Corporation

Tel Aviv, Israel, Feb. 09, 2024 (GLOBE NEWSWIRE) --  ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company” or “ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, today announced it has received a written notice (the “Notice”) from the Nasdaq Stock Market LLC (“Nasdaq”) indicating that the Company is not in compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2), which requires listed securities to maintain a minimum bid price of $1.00 per share.

ParaZero Announces Receipt of Nasdaq Minimum Bid Price Notification

ParaZero is furthering its collaboration with the same esteemed customer, having recently secured an additional order Tel Aviv, Israel, Jan. 29, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company “ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, announced recently the successful completion of a significant drone safety project with a leading Fortune 500 automotive manufacturer (“the Customer”) for their proprietary drone program.

ParaZero Achieved Positive Results from Mutual Project with Fortune 500 Automotive Manufacturer

The light UAS operator certificate (LUC) approval allows for self-authorized cross-border drone operations throughout the European Union without additional approval required

ParaZero Has Enabled Precedent-Setting Light UAS Operator Certificate Approval in Denmark

Ben Moshe is set to join ParaZero as a specialist advisor, utilizing his extensive network in defense and homeland security to advance the company's technology

Former Director of Security of the Israeli Defense Establishment Nir Ben Moshe Joining ParaZero

Drone safety systems developer ParaZero (NASDAQ: PRZO ) soared on Wednesday following the successful completion of its safety solutions project. While drone flying has become popular among both hobbyists and commercial entities, midair malfunctions pose significant risks to people and property below.

Why Is ParaZero (PRZO) Stock Up 80% Today?

ParaZero is furthering its collaboration with the same esteemed customer, having recently secured an additional order Tel Aviv, Israel, Dec. 20, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company “ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, announces the successful completion of its safety solution development for a Fortune 500 leading global automotive manufacturer's (" the Customer") proprietary drone program.

ParaZero Successfully Completed its Drone Safety Project with a Fortune 500 Leading Automotive Manufacturer

Innovative new strategic partnership targets helicopter and drone enhanced safety Tel Aviv, Israel, Dec. 12, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company “ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, previously announced that it is moving towards enhancing safety capabilities in the defense and drone sectors through its strategic partnership with KULR Technology Group Inc. (NYSE American: KULR).

ParaZero to Elevate Aerospace Safety Standards to Military Aircraft

Tel Aviv, Israel, Dec. 05, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company “ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, announced today it has formed a working partnership with KULR Technology Group, Inc. (NYSE American: KULR) ("KULR"), a global leader in sustainable energy management, to leverage ParaZero's business network within the defense industry for applying KULR's vibration reduction technology ("KULR VIBE") on helicopter and rotorcraft fleets.

ParaZero and KULR Technology Group Form Working Strategic Partnership to Serve Military and Drone Markets

ParaZero is thrilled to be at the forefront of this aviation evolution, enabling safer and more dynamic drone applications across the Australian skies

Australia Greenlights Game-Changing Era: Commercial Drones with ParaZero Safety Systems to Fly in Populated Areas

Tel Aviv, Israel, Nov. 17, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, recently unveiled a pioneering AI-driven avionics system, SmartAir Trinity, setting a new standard for drone safety within the defense sector. This advanced technology offers real-time malfunction detection and critical mission analytics, ensuring a robust solution to support operational security for defense drones.

ParaZero Elevates Defense Drone Safety with Groundbreaking AI Avionics System

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Tel Aviv, Israel, Nov. 01, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, today announced that Mr. Cameron Chell has joined the ParaZero team as special advisor. Mr. Chell will help facilitate business development efforts in the drones' market as well as the defense field.

Seasoned Drone, Air Mobility and Defense Executive Cameron Chell Joins ParaZero as Advisor

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NEW YORK, NY / ACCESSWIRE / October 31, 2023 / Aegis Capital Corp. acted as Exclusive Placement Agent on a $5.1 Million Private Placement for ParaZero Technologies Ltd. (NASDAQ:PRZO).

Aegis Capital Corp. acted as Exclusive Placement Agent on a $5.1 Million Private Placement for ParaZero Technologies Ltd. (NASDAQ: PRZO)

KIRYAT ONO, ISRAEL, Oct. 30, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (“ParaZero” or the “Company”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, today announced the closing of its recently announced securities purchase agreement. The aggregate gross proceeds to the Company were $5.1 million, before deducting fees to the placement agent and other offering expenses payable by the Company.

ParaZero Technologies Ltd. Announces Closing of $5.1 Million Private Placement

KIRYAT ONO, ISRAEL, Oct. 26, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (“ParaZero” or the “Company”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, today announced that it has entered into a securities purchase agreement with certain institutional investors for aggregate gross cash proceeds of $5.1 million, before deducting fees to the placement agent and other offering expenses payable by the Company.

News for ParaZero Technologies Ltd Stock (PRZO)