ParaZero and ThirdEye Unveil New Battlefield System Designed to Detect and Intercept Drones for Armored Vehicles

The collaboration remains under a non-binding framework to explore development, integration and commercialization.

Rhea-AI Summary

ParaZero Technologies (PRZO) is pairing its DefendAir drone-interception technology with ThirdEye Systems’ Iron Web detection product for armored vehicles.

The architecture combines drone detection with a non-explosive net launch intended to stop an approaching drone before it reaches the vehicle. The companies also intend the concept to apply to critical infrastructure and other sensitive sites. The work follows their September 15, 2026 non-binding memorandum of understanding, which established a framework to explore development, integration and commercialization of a combined detection-and-interception solution. ParaZero and ThirdEye intend to continue that integration and commercialization work.

1 point · 0 major

MixediHow this balance works

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It reads the document as published, with the same rules for every company, and it does not look at what the market expected or at how the stock traded, so a point can be objectively good on a day the stock falls.

Rhea-AI Sentiment measures something else, the tone of the wording.

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0 major · 1 point

Hollow bars mark forward-looking points. How the balance works

Positive

• Moderate point. Forward-looking: it has not happened yet and may not happen.ParaZero and ThirdEye intend to continue integration and commercialization work combining drone detection with DefendAir interception.

Negative

• Moderate pointThe collaboration’s September 15, 2026 memorandum of understanding is non-binding, establishing an exploratory framework.

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Market Reaction – PRZO

$0.61 – $0.65 Day Range

$18.66M Market Cap

On Oct 6, the day this news came out, the latest delayed price for PRZO is 2.78% above the previous close. The latest delayed price is $0.64. Relative volume is above average at 2.0x the average.

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Historical Context

1 past event · Latest: Sep 15

1 event

1. Sep 15

   MOU announcement

   24h Move

   -5.9%

   Established a non-binding framework to explore combining ThirdEye detection with DefendAir interception.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Key Terms

counter-uas, electro-optical, memorandum of understanding

3 terms

counter-uas technical

"integrated counter-UAS architecture for armored vehicles"

Counter-UAS (counter-unmanned aircraft systems) are tools and tactics used to detect, track, and disable or divert drones that pose a threat to people, property, or operations. Think of them as a combination of a security camera, alarm system, and net that can find an unwanted flying device and stop it before it causes harm. Investors care because demand, regulation, and deployment of these systems affect revenue, contract opportunities, legal risk, and the valuation of companies that build or use them.

electro-optical technical

"ThirdEye's electro-optical and AI-driven detection is intended to find and classify"

Electro-optical describes devices and technologies that convert between electrical signals and light or that use light controlled by electricity—think of them as translators between electricity and beams of light. Investors care because these technologies power items like high-speed communications, imaging systems, sensors and targeting equipment; improvements can open new markets, raise product value and affect revenue and competitive position much like a faster engine can change a car maker’s sales.

memorandum of understanding financial

"the non-binding memorandum of understanding the companies disclosed on September 15, 2026"

A memorandum of understanding (MOU) is a formal agreement between two or more parties that outlines their shared intentions and plans to work together. It acts like a handshake in writing, clarifying each side’s roles and expectations before any official contract is signed. For investors, an MOU signals that parties are serious about collaboration, which can influence future business opportunities and potential growth.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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ParaZero’s DefendAir paired with ThirdEye's new armored-vehicle detection layer, following the companies' September framework announcement to combine detection and physical interception

KFAR SABA, Israel, Oct. 06, 2026 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero” or the “Company”), an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry,
today announced that its DefendAir net-based interception technology is being paired with ThirdEye Systems Ltd.'s (TASE: THES) newly unveiled Iron Web detection product as part of an integrated counter-UAS architecture for armored vehicles.

ThirdEye unveiled Iron Web at ADEX 2026 in Baku. Iron Web is designed to give armored combat vehicles a perimeter drone-detection layer and to complement ThirdEye's Argus Shield system.

Under the architecture, ThirdEye's electro-optical and AI-driven detection is intended to find and classify an approaching drone, and DefendAir is intended to provide the last physical layer: a controlled, non-explosive net launch designed to stop the drone before it reaches the vehicle. The same concept is intended to be applicable to critical infrastructure and other sensitive sites.

The announcement builds on the non-binding memorandum of understanding the companies disclosed on September 15, 2026. That MOU set a framework to explore the development, integration and commercialization of a 360° detect-to-defeat solution.

“An armored vehicle needs more than an alert. It needs a proven way to stop the threat,” said Ariel Alon, Chief Executive Officer of ParaZero. “Iron Web brings together two leading technologies: ThirdEye’s detection capabilities and ParaZero’s DefendAir net interceptors. Together, they connect detection with physical interception, setting a new standard in C-UAS protection for armored vehicles.”

DefendAir is designed for integration across personal, mobile, autonomous and fixed-site counter-UAS configurations. ParaZero and ThirdEye intend to continue the integration and commercialization work described in their September MOU.

The DefendAir product family and ThirdEye’s Iron Web will be showcased at ParaZero’s booth at the AUSA Annual Meeting in Washington, D.C., October 12–14, within the SIBAT (Israeli Ministry of Defense) National Defense Pavilion, Booth #739.

About ParaZero Technologies

ParaZero Technologies Ltd. (Nasdaq: PRZO) is an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry.

Founded in 2014 by aviation professionals and drone industry veterans, ParaZero develops intelligent, mission-ready technologies for defense and advanced aerial applications.

The Company’s DefendAir product family provides a controlled, non-explosive, net-based physical interception capability designed for integration across personal, mobile, autonomous and fixed-site Counter-UAS systems.

For more information, visit ParaZero https://parazero.com/

About ThirdEye Systems

Founded in 2010, ThirdEye Systems is a pioneering developer of advanced AI-based solutions for optical systems and autonomous platforms, with a strong focus on defense and security applications.

The company specializes in edge AI applications and provides innovative real-time image processing technology, enabling tracking and control under challenging operational conditions. ThirdEye Systems’ solutions deliver rapid and high-quality responses to evolving threats, including protection against UAVs and drones.

The company’s products are designed to be reliable, mobile, and operational 24/7, providing an optimal solution for operational units in the field.

ThirdEye Systems’ solutions set a new standard in integrating artificial intelligence with defense and security systems, advancing the capabilities of the field.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Forward-looking statements contained in this press release include, but are not limited to, statements regarding ParaZero’s strategic and business plans, technology, relationships, objectives and expectations for its business, growth, the impact of trends on and interest in its business, intellectual property, products and its future results, operations and financial performance and condition and may be identified by the use of words such as “may,” “seek,” “will,” “consider,” “likely,” “assume,” “estimate,” “expect,” “anticipate,” “intend,” “believe,” “do not believe,” “aim,” “predict,” “plan,” “project,” “continue,” “potential,” “guidance,” “objective,” “outlook,” “trends,” “future,” “could,” “would,” “should,” “target,” “on track” or their negatives or variations, and similar terminology and words of similar import, generally involve future or forward-looking statements. For example, the Company is using forward-looking statements when it discusses the proposed development and integration of DefendAir with ThirdEye’s Iron Web; the parties’ ability to enter into definitive agreements and continue their technical and commercialization activities; the anticipated capabilities, performance, development, testing and potential applications of the proposed integrated architecture; the potential benefits of the parties’ collaboration; the planned presentation of the technologies at the AUSA Annual Meeting; and the potential adoption or commercialization of the proposed solution for armored vehicles, critical infrastructure and other sensitive sites. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s Annual Report on Form 20-F filed with the SEC on March 26, 2026. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. ParaZero is not responsible for the content of third-party websites.

Investor Relations Contact:

Michal Efraty
Investor Relations
michal@efraty.com

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What are ParaZero and ThirdEye combining for armored-vehicle drone protection?

ParaZero’s DefendAir net-based interception technology is being paired with ThirdEye’s Iron Web detection product. The architecture is intended to detect and classify an approaching drone, then use a controlled, non-explosive net launch to stop it before it reaches the vehicle.