TEL AVIV, Israel, Jan. 10, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "company” or “ParaZero”), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, announced today that it has received official approval from the Israeli Defense Export Controls Agency (DECA) under the Ministry of Defense (MOD) for the marketing of its cutting-edge Counter-Unmanned Aerial Systems (C-UAS) solution. This milestone marks a significant step ...

Tel Aviv, Israel, Jan. 07, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company or “ParaZero”), an aerospace company focused on safety systems for defense and commercial drones and urban air mobility aircrafts, announced today the launch of its latest product, the SafeAir Raptor. This latest and innovative safety system is specifically engineered for compatibility with Anzu Robotics' Raptor and Raptor T (thermal) drone models. The SafeAir Raptor offers performance capabilities ak ...

Company Overview - ParaZero Technologies Ltd. is an aerospace company focused on safety systems for defense and commercial drones as well as urban air mobility aircrafts [1][3] - The company was founded in 2014 by aviation professionals and drone industry veterans, developing smart, autonomous parachute safety systems for safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS) [3] Product Launch - ParaZero announced the launch of its latest product, the SafeAir Raptor, designed for compatibility with Anzu Robotics' Raptor and Raptor T drone models [1] - The SafeAir Raptor offers performance capabilities similar to ParaZero's SafeAir Mavic 3 System, featuring autonomous monitoring and real-time failure detection for optimal safety during drone operations [2] Compliance and Standards - The SafeAir Raptor complies with ASTM F3322-22 standards, making it eligible for operations over people in accordance with Federal Aviation Administration (FAA) regulations [2]

Mr. Natan Israeli served for three decades in the Israeli Air Force as a senior officer and will support ParaZero’s growing activity in the military and defense markets Tel Aviv, Israel, Dec. 12, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company” or “ParaZero”), an aerospace company focused on safety systems for defense and commercial drones and urban air mobility aircraft, today announces it has strengthened its board of directors with the appointment of Mr. Natan Israeli, a ...

Core Insights - ParaZero Technologies Ltd. has received EASA approval for its SafeAir M-300 Pro and SafeAir M-350 Pro parachute safety kits, enhancing operational opportunities for drone operators [1][2] Group 1: EASA Approval and Compliance - The EASA Design Verification Report (DVR) confirms that ParaZero's parachute systems meet essential safety requirements, allowing drone operators to expand their operational scope under the Specific Operations Risk Assessment (SORA) process [2][3] - The SafeAir systems comply with the Light-UAS.2511 standard, fulfilling the 'Enhanced Containment' requirement, which provides robust flight termination capabilities for operations near high-risk areas [2][3] Group 2: Operational Flexibility - Compliance with the Light-UAS.2512 standard for impact mitigation allows operators to reduce their Ground Risk Class by one point, granting more flexibility for medium-risk missions, including operations beyond visual line of sight and near populated areas [3] - EASA's approval positions ParaZero's technology as a trusted solution for safer and more versatile drone operations across Europe [3] Group 3: Company Overview - ParaZero Technologies, founded in 2014, specializes in autonomous parachute safety systems for commercial and military applications, as well as urban air mobility aircraft [4] - The company aims to enable safe flight operations over populated areas and beyond visual line of sight, addressing various military applications including Counter UAS [4]

Tel Aviv, Israel, Nov. 26, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “Company” or “ParaZero”), an aerospace company focused on safety systems for defense and commercial drones and urban air mobility aircraft, announced today that it has partnering with Drone Nerds Inc., one of North America’s largest enterprise drone solution providers. This collaboration marks a significant step forward in making ParaZero’s innovative SafeAir Parachute Recovery System accessible to enterprise ...

ParaZero's SafeAir M-300/ M-350 Pro parachute systems comply with key safety requirements, enabling drone operators to enhance their operational scope Tel Aviv, Israel, Nov. 18, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company” or “ParaZero”), an aerospace company focused on safety systems for defense and commercial drones and urban air mobility aircraft, announces that it has received the Design Verification Report (DVR) approval from the European Union Aviation Safety Agenc ...

Core Insights - ParaZero Technologies Ltd. has received a $187,000 purchase order from a U.S.-based Advanced Air Mobility company, marking a significant milestone in the air mobility sector [1][2] - The order includes preparations for serial production and delivery of an initial batch of drone safety systems, indicating potential for large-scale manufacturing [2][3] - The customization project involved integrating safety solutions into manned aircraft for various applications, including personal, military, and logistical uses [3][4] Industry Insights - The electric VTOL (eVTOL) air taxi market is projected to reach $6.22 billion by 2030, driven by demand for cleaner transportation options [5] - eVTOL aircraft, powered by electric propulsion, are expected to significantly reduce emissions compared to traditional fossil fuel-powered aircraft [5] - The development of manned aircraft with vertical takeoff and landing (VTOL) capabilities represents a significant advancement in next-generation air mobility [4]

TEL AVIV, Israel, Oct. 08, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "company" or "ParaZero"), an aerospace company specializing in drone safety systems for defense and commercial drones and for urban air mobility aircraft, recently announced that it has achieved significant milestones in the rapidly growing Counter-Unmanned Aerial Systems (C-UAS) market with back-to-back orders for its advanced counter-drone solution. These recent successes highlight ParaZero's impressive entr ...

TEL AVIV, Israel, Oct. 01, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "company" or "ParaZero"), an aerospace company specializing in drone safety systems for defense and commercial drones and for urban air mobility aircraft, today announced that it has received a new purchase order for its advanced Counter-Unmanned Aerial Systems (C-UAS) solution from a global leading Tier 1 defense and intelligence OEM company. This is another significant achievement for ParaZero in its continu ...