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.

Kiryat Ono, Israel, Aug. 21, 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 one of its customers, Speedbird Aero, a world-leading innovator in drone delivery technology development and service provision, has achieved a significant milestone by successfully completing 10,000 operational delivery flights. These landmark deliveries encompass essential medical supplies, on-demand food delivery, and critical telecom components to communities worldwide. What makes this achievement even more remarkable is the unmatched safety and reliability ensured by the integration of mission-critical drone technologies, including ParaZero's cutting-edge SafeAir parachute recovery systems throughout Speedbird Aero's delivery drone fleet.

ParaZero Customer Speedbird Aero Celebrates 10,000 Operational Delivery Flights, Protected by ParaZero SafeAir Parachute Recovery Systems

ParaZero continues to strengthen its market position throughout Latin America Tel Aviv, Israel, Aug. 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, today announced its further expansion into the Latin American drone market with a new development agreement with Colombia-based drone OEM, Black Square, an industrial drone producer leader in the region that focuses on enterprise drone platforms.

ParaZero Signs New Development Agreement with Latin American Drone Manufacturer Black Square

ParaZero continues to expand its compatibility with popular drone systems with the release of the SafeAir M350 Pro, a unique safety system for the DJI M350 RTK

ParaZero Launches SafeAir M350 Pro for DJI's New Enterprise Drone

The repeat order is for a  custom safety solution for the Fortune 500 automotive manufacturer's proprietary drone program

ParaZero Receives Second Order from One of the World's Largest Automotive Manufacturers

NEW YORK, NY / ACCESSWIRE / July 31, 2023 / Aegis Capital Corp. acted as Sole Bookrunner on a $7.8 Million (IPO) Initial Public Offering for ParaZero Technologies Ltd. (NASDAQ:PRZO).

Aegis Capital Corp. Acted as Sole Bookrunner on a $7.8 Million (IPO) Initial Public Offering for ParaZero Technologies Ltd. (NASDAQ:PRZO)

KIRYAT ONO, ISRAEL, July 31, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (“ParaZero” or the “Company”) today announced the closing of its initial public offering of 1,950,000 ordinary shares at a price to the public of $4.00 per share. The gross proceeds of the offering, before deducting underwriting discounts and commissions and other offering expenses, were $7.8 million.

ParaZero Technologies Ltd. Announces Closing of $7.8 Million Initial Public Offering

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KIRYAT ONO, ISRAEL, July 26, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (“ParaZero” or the “Company”) announced today the pricing of its initial public offering of 1,950,000 ordinary shares at a price to the public of $4.00 per share. The ordinary shares are expected to begin trading on The Nasdaq Capital Market under the ticker symbol PRZO on July 27, 2023. The gross proceeds of the offering, before deducting underwriting discounts and commissions and other offering expenses, are expected to be $7.8 million, excluding any exercise of the underwriter's over-allotment option. The offering is expected to close on July 31, 2023, subject to customary closing conditions.

News for ParaZero Technologies Ltd Stock (PRZO)