ParaZero Technologies Ltd

ParaZero Technologies Ltd. develops drone technology and safety systems. It is engaged in the business of designing, developing, and providing autonomous parachute safety systems for commercial drones, also known as Unmanned Aerial Systems or UAS. The company was founded by Amir Tsaliah and Ran Krauss on June 30, 2013 and is headquartered in Kiryat Ono, Israel.

Ben Moshe is set to join ParaZero as a specialist advisor, utilizing his extensive network in defense and homeland security to advance the company's technology

Former Director of Security of the Israeli Defense Establishment Nir Ben Moshe Joining ParaZero

Drone safety systems developer ParaZero (NASDAQ: PRZO ) soared on Wednesday following the successful completion of its safety solutions project. While drone flying has become popular among both hobbyists and commercial entities, midair malfunctions pose significant risks to people and property below.

Why Is ParaZero (PRZO) Stock Up 80% Today?

ParaZero is furthering its collaboration with the same esteemed customer, having recently secured an additional order Tel Aviv, Israel, Dec. 20, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company “ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, announces the successful completion of its safety solution development for a Fortune 500 leading global automotive manufacturer's (" the Customer") proprietary drone program.

ParaZero Successfully Completed its Drone Safety Project with a Fortune 500 Leading Automotive Manufacturer

Innovative new strategic partnership targets helicopter and drone enhanced safety Tel Aviv, Israel, Dec. 12, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company “ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, previously announced that it is moving towards enhancing safety capabilities in the defense and drone sectors through its strategic partnership with KULR Technology Group Inc. (NYSE American: KULR).

ParaZero to Elevate Aerospace Safety Standards to Military Aircraft

Tel Aviv, Israel, Dec. 05, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company “ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, announced today it has formed a working partnership with KULR Technology Group, Inc. (NYSE American: KULR) ("KULR"), a global leader in sustainable energy management, to leverage ParaZero's business network within the defense industry for applying KULR's vibration reduction technology ("KULR VIBE") on helicopter and rotorcraft fleets.

ParaZero and KULR Technology Group Form Working Strategic Partnership to Serve Military and Drone Markets

ParaZero is thrilled to be at the forefront of this aviation evolution, enabling safer and more dynamic drone applications across the Australian skies

Australia Greenlights Game-Changing Era: Commercial Drones with ParaZero Safety Systems to Fly in Populated Areas

Tel Aviv, Israel, Nov. 17, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, recently unveiled a pioneering AI-driven avionics system, SmartAir Trinity, setting a new standard for drone safety within the defense sector. This advanced technology offers real-time malfunction detection and critical mission analytics, ensuring a robust solution to support operational security for defense drones.

ParaZero Elevates Defense Drone Safety with Groundbreaking AI Avionics System

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Tel Aviv, Israel, Nov. 01, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, today announced that Mr. Cameron Chell has joined the ParaZero team as special advisor. Mr. Chell will help facilitate business development efforts in the drones' market as well as the defense field.

Seasoned Drone, Air Mobility and Defense Executive Cameron Chell Joins ParaZero as Advisor

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NEW YORK, NY / ACCESSWIRE / October 31, 2023 / Aegis Capital Corp. acted as Exclusive Placement Agent on a $5.1 Million Private Placement for ParaZero Technologies Ltd. (NASDAQ:PRZO).

Aegis Capital Corp. acted as Exclusive Placement Agent on a $5.1 Million Private Placement for ParaZero Technologies Ltd. (NASDAQ: PRZO)

KIRYAT ONO, ISRAEL, Oct. 30, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (“ParaZero” or the “Company”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, today announced the closing of its recently announced securities purchase agreement. The aggregate gross proceeds to the Company were $5.1 million, before deducting fees to the placement agent and other offering expenses payable by the Company.

ParaZero Technologies Ltd. Announces Closing of $5.1 Million Private Placement

KIRYAT ONO, ISRAEL, Oct. 26, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (“ParaZero” or the “Company”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, today announced that it has entered into a securities purchase agreement with certain institutional investors for aggregate gross cash proceeds of $5.1 million, before deducting fees to the placement agent and other offering expenses payable by the Company.

ParaZero Technologies Ltd. Announces Pricing of $5.1 Million Private Placement

The joint solution will integrate safety technology and predictive maintenance into a unified platform, leveraging Maris-Tech's artificial intelligence and video analytics capabilities

ParaZero Technologies and Maris-Tech Expand their Collaboration into the Defense Market for Drones

ParaZero Technologies (NASDAQ: PRZO ) stock is rocketing higher on Monday as the drone company's shares continue a rally from Friday. The big news that saw shares of PRZO stock soaring higher on Friday had to do with the approval of drone flights in Australia.

Why Is ParaZero Technologies (PRZO) Stock Up 62% Today?

ParaZero Technologies (NASDAQ: PRZO ) stock is seeing massive gains on Friday after getting approval for drone flights in Australia. The Civil Aviation Safety Agency ( CASA ) in Australia is allowing the company to conduct commercial drone flights in the country.

Why Is ParaZero Technologies (PRZO) Stock Up 58% Today?

ParaZero and OVRL make history overcoming the previous regulatory barriers, now enabling the first operational approval in Australia for an organization to conduct advanced drone operations in populated areas and near people

Australian Regulator Approves First Commercial Drone Flights in Populated Areas and Near People Using ParaZero Safety Systems

The new solution provide drone' saftey systems with secure long-range and beyond visual line of sight (BVLOS) Tel Aviv, Israel, Sept. 27, 2023 (GLOBE NEWSWIRE) --  ParaZero Technologies Ltd.

ParaZero Introduces New Geocaging Functionality Targeting Air Mobility Safety in Restricted Areas

Revenues increased 137%; company completed a $7.8 Million Initial Public Offering in July 2023 Revenues increased 137%; company completed a $7.8 Million Initial Public Offering in July 2023

ParaZero Announced First Half 2023 Financial Results

Tel Aviv, Israel, Sept. 21, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, announced today its participation in the DroneX Tradeshow & Conference, set to take place on September 26th & 27th, 2023, at the ExCeL London venue. The show promises to be a melting pot of innovation, offering an international stage for professionals interested in the latest advancements in Unmanned Aerial Vehicle (UAV) and urban air mobility (UAM) technologies.

ParaZero to Showcase its Pioneering Drone Safety Systems at the 2023 DroneX Tradeshow & Conference

The Airobotics Optimus-1EX Uncrewed Aircraft System is the first non-air carrier drone designed for autonomous security and data capture that has been granted Type Certification by the Federal Aviation Administration (FAA)

Airobotics Optimus 1-EX Drone Receives Historic U.S. FAA Type Certification; Using ParaZero SafeAir Safety System

The Company's next-generation avionics are built with sophisticated visual awareness cameras and a robust sensor-array malfunction detection system to enable unmanned aircraft systems (UAS) and electric vertical takeoff and landing (eVTOL) aircraft to conceive and analyze surroundings, similar to a human pilot and mitigate flight risks autonomously.

ParaZero Develops New AI-Based Safety and Awareness System for Commercial Drones and Urban Air Mobility Aircraft

ParaZero continues to expand its compatibility with popular drone systems with the release of the SafeAir M30 Pro, a unique safety system for the DJI M30

ParaZero Enhances Drone Safety with SafeAir for New DJI Model

ParaZero Technologies sets the standard for drone safety at the annual International Drone Show, unveiling its innovative solutions for safer drone operations in urban environments

ParaZero to Present its Leading Safety Systems for Commercial Drones at the International Drone Show in Denmark

Kiryat Ono, Israel, Aug. 21, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) ("ParaZero"), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, today announced that one of its customers, Speedbird Aero, a world-leading innovator in drone delivery technology development and service provision, has achieved a significant milestone by successfully completing 10,000 operational delivery flights. These landmark deliveries encompass essential medical supplies, on-demand food delivery, and critical telecom components to communities worldwide. What makes this achievement even more remarkable is the unmatched safety and reliability ensured by the integration of mission-critical drone technologies, including ParaZero's cutting-edge SafeAir parachute recovery systems throughout Speedbird Aero's delivery drone fleet.

News for ParaZero Technologies Ltd Stock (PRZO)