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 ...

Core Insights - ParaZero Technologies Ltd. has received Design Verification Report (DVR) approval from the European Union Aviation Safety Agency (EASA) for its SafeAir M-300 Pro and SafeAir M-350 Pro parachute safety kits, enhancing operational capabilities for drone operators [1][2][3] Group 1: Regulatory Approval - The EASA DVR confirms compliance with key safety requirements, allowing drone operators to enhance their operational scope under the Specific Operations Risk Assessment (SORA) process [2][3] - The SafeAir systems meet 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: Risk Mitigation - The systems comply with the Light-UAS.2512 standard for impact mitigation, reducing the Ground Risk Class by one point, thus granting operators more flexibility for medium-risk missions, including those beyond visual line of sight and near populated areas [3] - EASA's approval strengthens ParaZero's technology as a trusted solution for safer and more versatile drone operations throughout Europe [3] Group 3: Company Commitment - The CEO of ParaZero emphasized that the certification reinforces the company's dedication to safety and innovation in the drone industry, enabling operators to conduct more complex missions with greater confidence [4] - ParaZero is a leading developer of autonomous parachute safety systems for commercial and military platforms, focusing on safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS) [4]

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 ...

Tel Aviv, Israel, Sept. 24, 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 received a $187,000 purchase order from a U.S.-based Advanced Air Mobility (AAM) company in the aerial vehicle industry. This order follows the successful completion of the advanced drone safety system customization project that the Company pre ...

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 ...