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ParaZero Technologies Ltd. ( (PRZO) ) has shared an update.
On January 17, 2025, ParaZero Technologies Ltd. announced that it received approval from the Israeli Ministry of Defense for its HALO Precision Airdrop System designed for drones. This system aims to enhance drone-based logistical support in challenging environments, utilizing ParaZero’s advanced parachute technology to benefit military and emergency responders. With this approval, ParaZero plans to advance the HALO system’s development for operational deployment in military and humanitarian applications, strengthening its position in the drone safety industry.
More about ParaZero Technologies Ltd.
ParaZero Technologies Ltd. is an aerospace company specializing in safety systems for drones and urban air mobility aircraft. Established in 2014 by aviation and drone industry experts, the company develops autonomous parachute systems to ensure safe drone operations over populated areas and beyond visual line of sight (BVLOS). It also focuses on defense applications, including Counter UAS systems.
YTD Price Performance: -12.32%
Average Trading Volume: 7,803,148
Technical Sentiment Consensus Rating: Strong Sell
Current Market Cap: $20.65M
For detailed information about PRZO stock, go to TipRanks’ Stock Analysis page.
