ParaZero Signed Non-Binding Letter of Intent to Acquire a Company that Specializes in Counter-Drone Systems and Autonomous Drone Technologies

Core Insights - ParaZero Technologies Ltd. has signed a non-binding Letter of Intent to acquire 100% of Lulav Space Ltd., which specializes in counter drone systems and advanced space technologies [1][4] Company Overview - ParaZero is an aerospace company focused on safety systems for commercial unmanned aerial systems and counter UAS systems, founded in 2014 [5] - Lulav Space, established in 2021, develops vision-based precision navigation systems for space robotics and has expanded into defense with counter-drone technologies [2] Acquisition Details - The acquisition is expected to close in the second quarter of 2025, subject to due diligence and definitive agreements, and will be financed through a combination of cash and equity [3] - Lulav's expertise in autonomous solutions and precision navigation is anticipated to enhance ParaZero's capabilities in the counter UAS field and open new commercial market opportunities [4]