ParaZero Technologies Ltd. Ordinary Shares - PRZO STOCK NEWS

ParaZero Technologies (Nasdaq: PRZO), an aerospace company specializing in safety systems for defense and commercial drones and urban air mobility aircraft, has announced regaining compliance with Nasdaq's minimum bid price requirement. The company received confirmation from Nasdaq that it has met the listing standard by maintaining a closing bid price of $1.00 or higher for 10 consecutive trading days from November 29 through December 12, 2024. This resolution ensures ParaZero's continued listing on the Nasdaq Capital Market, with Nasdaq considering the previous bid price deficiency matter closed.

ParaZero Technologies (Nasdaq: PRZO) has appointed Mr. Natan Israeli, a former Israeli Air Force Brig. Gen., to its Board of Directors effective December 11, 2024. Israeli, who served for three decades in the IAF as an officer and helicopter pilot, brings extensive military expertise to support ParaZero's growing presence in military and defense markets.

Currently serving as Kaltura Inc.'s Chief Customer Officer, Israeli's appointment comes as ParaZero expands its defense sector activities, having recently secured multiple orders for its Counter-Unmanned Aerial Systems (C-UAS) technology, including an order from a global Tier-1 defense company for drone neutralization systems.

ParaZero Technologies (Nasdaq: PRZO) has received a significant order for its SafeAir™ systems from a major Australian drone technology distributor. The order follows the company's October 2023 approval from the Civil Aviation Safety Authority (CASA), which permits commercial drone flights over populated areas. The SafeAir™ system automatically detects flight anomalies and deploys parachutes to ensure safe drone operations.

This development strengthens ParaZero's presence in the Australian market, where the company has been building strategic partnerships with local distributors to make its CASA-approved safety systems more accessible. The technology enables operators to conduct advanced drone missions while maintaining compliance with safety regulations in Australia's growing drone industry.

ParaZero Technologies (Nasdaq: PRZO) has successfully delivered a custom drone safety system to a Fortune 500 automotive manufacturer. The project involved designing and developing a specialized ParaZero SafeAir™ system engineered for demanding flight conditions specific to the customer's proprietary aircraft program. The delivery demonstrates ParaZero's capability to provide safety solutions for various aerial platforms, including multirotor, single rotor, fixed-wing, VTOL, and urban air mobility aircraft. The company received its second purchase order from the same customer in late 2023, strengthening their ongoing partnership.

ParaZero Technologies (Nasdaq: PRZO) 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. The approval confirms compliance with key safety requirements, enabling drone operators to enhance operations under the Specific Operations Risk Assessment (SORA) process. The systems meet Light-UAS.2511 standard for flight termination and Light-UAS.2512 standard for impact mitigation, allowing operators to fulfill enhanced containment requirements and reduce ground risk classification when operating near crowded areas or critical airspaces.

ParaZero Technologies (Nasdaq: PRZO) has partnered with Drone Nerds, a major enterprise drone solution provider in North America, to expand the distribution of its SafeAir Parachute Recovery System. The SafeAir system autonomously detects flight risks and deploys safety measures, including parachute deployment and audible alerts. Through this partnership, Drone Nerds will offer SafeAir to its enterprise clients across various industries including public safety, agriculture, energy, and construction. The system meets ASTM standards and has received approvals from both FAA and EASA, making it suitable for BVLOS missions and operations over people.

ParaZero Technologies (Nasdaq: PRZO) 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. The approval confirms compliance with key safety requirements, enabling drone operators to enhance operations under the Specific Operations Risk Assessment process. The systems meet Light-UAS.2511 standard for flight termination and Light-UAS.2512 standard for impact mitigation, allowing operators to fulfill 'Enhanced Containment' requirements and reduce Ground Risk Class by one point. This enables more flexible medium-risk missions, including beyond visual line of sight operations near populated areas.

ParaZero Technologies (Nasdaq: PRZO) has secured a $187,000 purchase order from a U.S.-based Advanced Air Mobility company following the successful completion of a safety system customization project. The order includes preparations for serial production and initial system deliveries, marking a step toward potential mass production. The project focused on integrating safety solutions into manned aircraft designed for personal, private, military, and logistical applications. The aircraft combines vertical takeoff and landing (VTOL) capabilities with horizontal flight efficiency. According to GII Global Information, the electric VTOL air taxi market is projected to reach $6.22 billion by 2030.

ParaZero Technologies (Nasdaq: PRZO), an aerospace company specializing in drone safety systems, has made significant strides in the Counter-Unmanned Aerial Systems (C-UAS) market with back-to-back orders for its advanced counter-drone solution. The company secured a major order from a Tier-1 defense customer, followed by an additional order shortly after. These successes mark ParaZero's entry into the defense and Homeland Security market.

The global counter-drone market is projected to reach $7.05 billion by 2029, according to a MarketandMarkets report. ParaZero's multi-layered C-UAS technology offers real-time drone detection, identification, and neutralization, making it important for protecting military assets, critical infrastructure, and secure areas. CEO Boaz Shetzer emphasized the company's commitment to delivering innovative technologies that address the growing challenges of drone threats.