TEL AVIV, Israel, Sept. 05, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "company" or "ParaZero"), an aerospace company focused on drone safety systems for defense and commercial drones and urban air mobility aircrafts, today announced that it has signed an agreement with BladeRanger Ltd. (TASE: BLRN) ("BladeRanger"), a developer of a powerful cleaning payload for drones that is designed for inspection and washing of solar panels and tall buildings. The multi-phase agreement is va ...

TEL AVIV, Israel, Sept. 03, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "company" or "ParaZero"), an aerospace company focused on drone safety systems for defense and commercial drones and urban air mobility aircraft, reported today its financial results for the six months ended June 30, 2024. Key Highlights of ParaZero's Achievements in the First Half of 2024 & Recent Updates: Enhanced presence in the defense market: announced partnership with a Tier 1 defense OEM company to ada ...

Core Viewpoint - Xylo Technologies Ltd. announced a partnership between its affiliate ParaZero Technologies Ltd. and a leading Tier 1 defense OEM to adapt drone safety systems for military and medical missions, aiming to enhance the efficiency and safety of medical deliveries in critical areas [1][2][3]. Group 1: Partnership and Collaboration - ParaZero will provide 50 systems for testing to the customer, with plans for additional hundreds of systems for a pilot program upon successful testing completion by the end of 2024 [2]. - The collaboration aims to develop a scalable and cost-effective mass production system for medical deliveries, ensuring they are safer, faster, and more reliable [2][3]. Group 2: Company Background - ParaZero Technologies is a leading developer of autonomous parachute safety systems for commercial and military applications, founded in 2014 by aviation professionals and drone industry veterans [4]. - Xylo Technologies focuses on innovative growth partnerships in advanced medical solutions, digital commerce, and electric vehicle markets, with various affiliates including ParaZero [5].

Tel Aviv, Israel, Aug. 09, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company" or "ParaZero"), an aerospace company focused on drone safety systems for defense and commercial drones and urban air mobility aircraft, announced today that on August 8, 2024, it received a letter from The Nasdaq Stock Market LLC ("Nasdaq"), notifying the Company that it is eligible for an additional 180 calendar day period, or until February 3, 2025, to regain compliance with the Nasdaq's minimum $1 ...

The testing was monitored and approved by a third-party, unbiased testing agency. This agency meticulously measured, monitored and documented all relevant metrics, ensuring that every aspect of the testing process is conducted according to the highest standards. Tel Aviv, Israel, July 10, 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, announces today ...

Tel Aviv, Israel, July 10, 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, announces today it has received ASTM F3322-22 approval, following the completion of the official testing for its SafeAir Mavic 3 system. Using the Company's SafeAir system, operators of DJI Mavic 3 Series, will be eligible for an approval to fly over people and moving vehicles. ...

ParaZero to develop, equip and supply its safety systems to a UAE-based air mobility company Tel Aviv, Israel, May 28, 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 that is has received a purchase order from a leading UAE-based company specializing in heavy-lift cargo drones and advanced air mobility (AAM) platforms. This partnership ...

Core Insights - ParaZero Technologies Ltd. has received a purchase order from a UAE-based air mobility company to develop and supply customized safety systems for heavy-lift cargo drones [1] - The partnership will utilize ParaZero's SafeAir™ systems to enhance the safety of unmanned aircraft systems (UAS) and electric vertical takeoff and landing (eVTOL) aircraft [2] Company Overview - ParaZero is a leading developer of autonomous parachute safety systems for commercial drones and urban air mobility (UAM) aircraft, founded in 2014 by aviation professionals and drone industry veterans [4] - The company's SafeAir system is designed to autonomously mitigate flight risks, equipped with integrated sensors that monitor flight patterns and respond to critical failures [3]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR (g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Date of ev ...

Exhibit 99.1 PARAZERO TECHNOLOGIES LTD. CONDENSED INTERIM FINANCIAL STATEMENTS AS OF JUNE 30, 2023 (UNAUDITED) The accompanying notes are an integral part of these condensed interim financial statements. 2 PARAZERO TECHNOLOGIES LTD. CONDENSED INTERIM BALANCE SHEETS (Unaudited) INDEX Page | Condensed Interim Balance Sheets | 2–3 | | --- | --- | | Condensed Interim Statements of Comprehensive Loss | 4 | | Condensed Interim Statements of Changes in Shareholders' Deficit | 5 | | Condensed Interim Statements of ...