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ParaZero Concluded Another Field Test Demonstrating 100% Success Rate in Countering Hostile Drone Threats on Critical and Sensitive Infrastructure
Globenewswire· 2025-08-25 13:29
Core Viewpoint - ParaZero Technologies Ltd. has successfully completed a field trial of its Defend Air Hand-Held Net Gun System, demonstrating its effectiveness in countering drone threats to critical infrastructure [1][2][4]. Company Overview - ParaZero Technologies Ltd. is an aerospace defense company focused on smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, founded in 2014 by aviation professionals and drone industry veterans [5]. - The company's product portfolio includes SafeAir, DefendAir, and DropAir, aimed at enhancing safety, scalability, and security in aerial operations [5]. Product Performance - The DefendAir system achieved a 100% interception success rate during the field trial, effectively neutralizing all simulated drone threats in real-time scenarios [2][3]. - The system is designed as a last-line defense solution, particularly effective against passive, non-transmitting drones that traditional methods cannot intercept [2]. Market Insights - The global anti-drone (counter-UAS) market was valued at $2.4 billion in 2024 and is projected to grow to $12.24 billion by 2032, with a compound annual growth rate (CAGR) of 21.62% from 2025 to 2032 [4].
ParaZero Receives Order from a Defense Entity for its Counter Drone Technology
Globenewswire· 2025-08-18 11:32
Core Insights - ParaZero Technologies Ltd. has received a purchase order for its advanced Counter-Unmanned Aerial Systems (C-UAS) solution from a defense entity, marking a significant step in its expansion into the defense market and the counter-drone sector [1][2][3] - The global anti-drone market was valued at $2.4 billion in 2024 and is projected to grow to $12.24 billion by 2032, with a compound annual growth rate (CAGR) of 21.62% from 2025 to 2032 [1][2] Company Overview - ParaZero Technologies is an aerospace defense company specializing in smart, autonomous solutions for both manned and unmanned aerial systems (UAS) [1][3] - The company was founded in 2014 by aviation professionals and drone industry veterans and is recognized for its advanced drone technologies supporting various operations globally [3] - ParaZero's product portfolio includes SafeAir, DefendAir, and DropAir, focusing on aerial safety, counter-UAS capabilities, and precision aerial delivery [3] Market Context - The increasing prevalence of drones poses significant security challenges for military and non-military organizations, necessitating effective drone neutralization systems [2] - ParaZero's C-UAS solution is designed to protect critical infrastructure and public spaces while minimizing disruption during neutralization operations [2][3]
ParaZero Announces Preliminary Unaudited Results for the First Six Months of 2025
Globenewswire· 2025-08-04 11:12
Core Insights - ParaZero Technologies Ltd. reported preliminary unaudited revenue of approximately $350,000 for the six months ended June 30, 2025, an increase from $283,000 for the same period in 2024, reflecting a growth of about 23.7% [2] - As of June 30, 2025, the company had cash and cash equivalents of approximately $4.8 million, a decrease from approximately $5.3 million on June 30, 2024 [2] Company Overview - ParaZero Technologies is an aerospace defense company specializing in smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry [4] - Founded in 2014, the company is recognized for its advanced drone technologies, supporting various commercial, industrial, and governmental operations worldwide [4] - The product portfolio includes SafeAir (an autonomous parachute recovery system), DefendAir (a counter-UAS net-launching platform), and DropAir (a precision aerial delivery system) [4] - The company's mission is to enhance safety, scalability, and security in aerial operations through intelligent, mission-ready systems [4]