ParaZero Technologies .(PRZO)

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ParaZero Technologies Ltd. Announces $2.2 Million Registered Direct Offering
GlobeNewswire News Room· 2025-08-04 11:53
Core Viewpoint - ParaZero Technologies Ltd. has announced a registered direct offering to institutional investors, aiming to raise approximately $2.2 million through the sale of ordinary shares and pre-funded warrants at a price of $1.10 per share [1][3]. Group 1: Offering Details - The offering includes the sale of 2,000,001 ordinary shares or pre-funded warrants at a public offering price of $1.10 per ordinary share [2]. - Pre-funded warrants are immediately exercisable and can be exercised at any time until fully exercised, with a one-for-one decrease in the number of ordinary shares for each pre-funded warrant sold [2]. - The transaction is expected to close on or about August 5, 2025, pending customary closing conditions [3]. Group 2: Use of Proceeds - The net proceeds from the offering, along with existing cash, are intended for general corporate purposes and working capital [3]. Group 3: Company Overview - ParaZero Technologies Ltd. is an aerospace defense company specializing in smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry [7]. - The company was founded in 2014 and is recognized for its advanced drone technologies, supporting various commercial, industrial, and governmental operations worldwide [7]. - Key products include SafeAir (an autonomous parachute recovery system), DefendAir (a counter-UAS net-launching platform), and DropAir (a precision aerial delivery system) [7].
ParaZero Announces Preliminary Unaudited Results for the First Six Months of 2025
Globenewswire· 2025-08-04 11:12
Kfar Saba, Israel, Aug. 04, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, today announces preliminary unaudited results for the six months ended June 30, 2025. The Company’s revenues for the six months ended June 30, 2025, are expected to amount to approximately $350,000 compared to $283,000 for the six months ended June 30, ...
ParaZero Successfully Completes Field Trial of New Configuration of the DefendAir System, Offering a Comprehensive Counter-Drone Solution
Globenewswire· 2025-07-28 12:23
Kfar Saba, Israel, July 28, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospa ce defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, announced today the successful completion of a field trial for an enhanced variant of its DefendAir system, marking a significant expansion of the company’s multi-layered drone defense capabilities. The trial, conducted in Israel, tested a new station ...
After Achieving 100% Interception Rate in Real-life Demo, ParaZero's DefendAir Advances to Sales Phase
Globenewswire· 2025-07-15 13:09
A 100% Successful Demo In Real-Life Conditions, Progresses Parazero's DefendAir Counter-UAS Solution To International Sales Phase Kfar Saba, Israel, July 15, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, recently announced the successful completion of a live demonstration of its DefendAir™ Personal Net Gun System to a select ...
ParaZero Strengthens Leadership with the Appointment of Senior UAV and Defense Executive as CEO
Globenewswire· 2025-07-14 11:54
Core Insights - ParaZero Technologies Ltd. has appointed Mr. Ariel Alon as the new Chief Executive Officer, effective immediately, to lead the company in the aerospace safety systems sector for unmanned aerial systems [1][7] Company Overview - ParaZero Technologies Ltd. is an aerospace defense company specializing in smart, autonomous solutions for both manned and unmanned aerial systems, founded in 2014 by aviation professionals and drone industry veterans [8] - The company is recognized for its advanced drone technologies, supporting commercial, industrial, and governmental operations globally [8] Product Portfolio - ParaZero's product offerings include: - SafeAir: An autonomous parachute recovery system for aerial safety and regulatory compliance [8] - DefendAir: A counter-UAS net-launching platform designed to protect against hostile drones in various environments [8] - DropAir: A precision aerial delivery system [8] Leadership Background - Mr. Alon has extensive experience in leading high-performing teams across various sectors, including unmanned aircraft systems, finance, high-tech, and defense [2] - Prior to joining ParaZero, Mr. Alon served as the Chief Sales Officer at Aerodrome Group and held significant roles at Voyager Labs and Atos [3][4][5] - His educational background includes a B.A. in business administration and an M.B.A. in finance and marketing from the Ruppin Academic Center in Israel [6] Acknowledgment of Previous Leadership - The company expressed gratitude to outgoing CEO Boaz Shetzer for his leadership and contributions during his tenure [7]
ParaZero Successfully Achieved 100% Effectiveness Against Fast-Incoming Drone Threats in Live Field Demonstration
Globenewswire· 2025-07-07 12:20
Core Insights - ParaZero Technologies Ltd. successfully demonstrated its DefendAir™ Personal Net Gun System to senior Israeli defense leadership, showcasing its capabilities in countering drone threats [1][2][4] - The demonstration achieved a 100% interception success rate against fast-approaching multirotor drones, highlighting the system's effectiveness in real-time scenarios [2][4] - The event underscored the increasing need for advanced defense strategies against drone incursions, particularly for non-transmitting drones that traditional methods cannot intercept [3] Company Overview - ParaZero Technologies is an aerospace company focused on safety systems for commercial unmanned aerial systems and counter UAS systems, founded in 2014 by aviation professionals and drone industry veterans [6] - The DefendAir system is designed for portability and rapid response, providing a non-lethal solution for intercepting rogue drones, particularly in sensitive environments like airports [5][6] - The company aims to enhance safety in drone operations over populated areas and beyond-visual-line-of-sight (BVLOS), as well as for military applications [6]
ParaZero Receives a Recurring Bulk Order of SafeAir Systems from an Australian Distributor
Globenewswire· 2025-07-03 12:45
Core Insights - ParaZero Technologies Ltd. has received a follow-on order for its SafeAir™ drone safety systems from a leading Australian drone technology distributor, indicating a growing presence in the Australian market [1][2] - The SafeAir™ systems are designed for widely deployed DJI platforms and cater to various sectors including commercial, law enforcement, and governmental operations [1][2] - The order reflects increasing demand for safety-assured operations driven by evolving drone regulations [2][3] Company Overview - ParaZero is an aerospace company focused on safety systems for commercial unmanned aerial systems and counter UAS systems, established in 2014 by aviation professionals and drone industry veterans [4] - The SafeAir system autonomously detects flight anomalies and deploys a parachute in case of failure, significantly reducing the risk of injury or damage [3] - The operational safety credit granted by the Civil Aviation Safety Authority (CASA) to operators using the SafeAir System enables commercial drone flights over populated areas in Australia [3] Market Dynamics - The follow-on order highlights the trust partners place in ParaZero's safety technologies, reflecting the industry's growing focus on regulatory compliance and operational safety [4] - The increasing demand for SafeAir systems is attributed to the evolving drone regulations and the need for safety in drone operations [2][3]
ParaZero Demonstrates 50 Successful DropAir Deployments as Part of a Decisive Reproducibility Test
Globenewswire· 2025-06-16 11:39
Core Insights - ParaZero Technologies Ltd. has successfully completed its most rigorous reproducibility test to date, achieving 50 consecutive DropAir deliveries, which highlights the reliability of its delivery system [1][4] - The DropAir system is designed for autonomous, precision delivery in complex environments, specifically for transporting essential medical supplies and tactical gear [3][4] Group 1: Company Overview - ParaZero Technologies Ltd. is an aerospace company focused on safety systems for commercial unmanned aerial systems and counter UAS systems, founded in 2014 by aviation professionals and drone industry veterans [4] - The company designs smart, autonomous parachute safety systems to enable safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS) [4] Group 2: Product Details - The DropAir system is engineered for autonomous, precision delivery, capable of operating in complex environments and delivering sensitive payloads [3] - The successful reproducibility test verified the system's performance in operational settings, specifically for blood transfusion deliveries [2]
ParaZero Technologies Strengthens U.S. Drone Leadership with Innovative Solutions in Live U.S. Demonstration
Globenewswire· 2025-06-12 10:45
Core Insights - ParaZero Technologies Ltd. is focused on advancing drone technologies for public safety and national security in the U.S. [1] - The company showcased its DropAir emergency supply delivery system and SafeAir drone safety technology at a significant security conference [2] - ParaZero's systems are designed to address urgent needs during natural disasters and enhance infrastructure protection against aerial threats [3][4] Company Overview - ParaZero Technologies Ltd. specializes in safety systems for commercial unmanned aerial systems and counter UAS systems, founded in 2014 by aviation professionals and drone industry veterans [6] - The company designs smart, autonomous parachute safety systems for safe flight operations over populated areas and for military applications [6] Recent Developments - The DropAir system demonstrated its capability to deliver critical supplies to disaster-stricken areas, attracting interest from emergency response sectors [3] - The DefendAir counter UAS system received attention for its potential to protect infrastructure amid global security concerns [4] - ParaZero aims to collaborate with U.S. agencies and military organizations to enhance the adoption of its innovative drone solutions [5]
ParaZero Expands European Market Footprint with Follow-On Order for SafeAir M4 Systems
Globenewswire· 2025-05-21 11:32
Core Insights - ParaZero Technologies Ltd. has received a follow-on purchase order for its SafeAir™ M4 parachute recovery system from a prominent European drone technology partner, indicating strong demand in the drone market [1][2][3] - The SafeAir™ M4 system is designed for integration with DJI's Matrice 4 series and aims to meet the highest European regulatory standards for safe urban flight [2][3] - The European partner operates in precision agriculture, infrastructure inspection, and emergency response, highlighting the diverse applications of ParaZero's safety solutions [3] Company Overview - ParaZero Technologies is a developer of autonomous parachute safety systems for commercial and military applications, founded in 2014 by aviation professionals and drone industry veterans [4] - The company focuses on enabling safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS) [4]