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ParaZero Secures New Order for Advanced Counter-Drone System from Global Defense and Intelligence Organization

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ParaZero Technologies (Nasdaq: PRZO), an aerospace company specializing in drone safety systems, has secured a new purchase order for its advanced Counter-Unmanned Aerial Systems (C-UAS) solution from a global leading Tier 1 defense and intelligence OEM company. This order follows a recent initial contract for ParaZero's C-UAS technology, highlighting the increasing global demand for reliable drone threat mitigation solutions.

ParaZero's C-UAS solution offers a drone neutralization system that protects critical infrastructure, military operations, and public spaces while minimizing disruption. The company is expanding its capabilities in the counter-drone market, which is expected to grow to $7.05 billion by 2029. ParaZero's proprietary C-UAS platform integrates with existing security systems and is customizable for various applications, including military, law enforcement, and commercial operations.

ParaZero Technologies (Nasdaq: PRZO), un'azienda aerospaziale specializzata in sistemi di sicurezza per droni, ha ottenuto un nuovo ordine di acquisto per la sua avanzata soluzione di Sistemi di Contro-Umani Aerei (C-UAS) da un importante azienda OEM globalmente leader nel settore della difesa e dell'intelligence. Questo ordine segue un recente contratto iniziale per la tecnologia C-UAS di ParaZero, evidenziando la crescente domanda globale di soluzioni affidabili per la mitigazione delle minacce dei droni.

La soluzione C-UAS di ParaZero offre un sistema di neutralizzazione dei droni che protegge infrastrutture critiche, operazioni militari e spazi pubblici riducendo al minimo le interruzioni. L'azienda sta ampliando le proprie capacità nel mercato dei contro-droni, che si prevede crescerà fino a 7,05 miliardi di dollari entro il 2029. La piattaforma proprietaria C-UAS di ParaZero si integra con i sistemi di sicurezza esistenti ed è personalizzabile per varie applicazioni, inclusi operazioni militari, forze dell'ordine e commerciali.

ParaZero Technologies (Nasdaq: PRZO), una empresa aeroespacial especializada en sistemas de seguridad para drones, ha asegurado un nuevo pedido de compra para su avanzada solución de Sistemas de Contra-UAV (C-UAS) de una empresa OEM líder global en defensa e inteligencia. Este pedido sigue a un reciente contrato inicial para la tecnología C-UAS de ParaZero, destacando la creciente demanda global de soluciones confiables para la mitigación de amenazas de drones.

La solución C-UAS de ParaZero ofrece un sistema de neutralización de drones que protege infraestructura crítica, operaciones militares y espacios públicos mientras minimiza la interrupción. La empresa está expandiendo sus capacidades en el mercado de contra-drones, que se espera que crezca hasta 7.05 mil millones de dólares para 2029. La plataforma C-UAS propietaria de ParaZero se integra con sistemas de seguridad existentes y es personalizable para varias aplicaciones, incluidas operaciones militares, de fuerzas del orden y comerciales.

ParaZero Technologies (Nasdaq: PRZO)는 드론 안전 시스템 전문 항공 우주 회사로, 신규 구매 주문을 확보했습니다. 이는 글로벌 1위 방산 및 정보 OEM 기업의 고급 비무인 항공기 시스템(C-UAS) 솔루션에 대한 것입니다. 이 주문은 최근 ParaZero의 C-UAS 기술에 대한 초기 계약에 이어지는 것으로, 신뢰할 수 있는 드론 위협 완화 솔루션에 대한 전 세계적인 수요 증가를 강조합니다.

ParaZero의 C-UAS 솔루션은 중요한 인프라, 군사 작전 및 공공 공간을 보호하면서 방해를 최소화하는 드론 중화 시스템을 제공합니다. 이 회사는 드론 대응 시장에서의 역량을 확장하고 있으며, 이 시장은 2029년까지 70억 5천만 달러로 성장할 것으로 예상됩니다. ParaZero의 독점 C-UAS 플랫폼은 기존 보안 시스템과 통합되며, 군사, 법 집행 및 상업적 운영을 포함한 다양한 용도에 맞게 사용자 정의할 수 있습니다.

ParaZero Technologies (Nasdaq: PRZO), une entreprise aérospatiale spécialisée dans les systèmes de sécurité pour drones, a obtenu une nouvelle commande d'achat pour sa solution avancée de Systèmes de Contre-Drones (C-UAS) d'un leader mondial de premier plan dans le domaine de la défense et du renseignement. Cette commande fait suite à un récent contrat initial pour la technologie C-UAS de ParaZero, soulignant la demande mondiale croissante pour des solutions fiables de mitigation des menaces des drones.

La solution C-UAS de ParaZero offre un système de neutralisation des drones qui protège les infrastructures critiques, les opérations militaires et les espaces publics tout en minimisant les perturbations. L'entreprise élargit ses capacités sur le marché des contre-drones, qui devrait atteindre 7,05 milliards de dollars d'ici 2029. La plateforme C-UAS propriétaire de ParaZero s'intègre aux systèmes de sécurité existants et est personnalisable pour diverses applications, y compris militaires, de maintien de l'ordre et commerciales.

ParaZero Technologies (Nasdaq: PRZO), ein auf Drohnensicherheitssysteme spezialisiertes Luft- und Raumfahrtunternehmen, hat einen neuen Auftrag gesichert für seine fortschrittliche Lösung der Gegen-UAV-Systeme (C-UAS) von einem weltweit führenden Tier-1-Unternehmen der Verteidigungs- und Geheimdienstbranche. Diese Bestellung folgt einem kürzlich abgeschlossenen Erstvertrag für ParaZeros C-UAS-Technologie und hebt die zunehmende weltweite Nachfrage nach zuverlässigen Lösungen zur Minderung von Drohnendrohungen hervor.

Die C-UAS-Lösung von ParaZero bietet ein Drohnenneutralisierungssystem, das kritische Infrastrukturen, militärische Operationen und öffentliche Räume schützt und gleichzeitig Störungen minimiert. Das Unternehmen erweitert seine Möglichkeiten im Gegendrohnenmarkt, der voraussichtlich bis 2029 auf 7,05 Milliarden US-Dollar anwachsen wird. Die proprietäre C-UAS-Plattform von ParaZero lässt sich in bestehende Sicherheits- systemen integrieren und ist anpassbar für verschiedene Anwendungen, einschließlich militärischer, polizeilicher und kommerzieller Operationen.

Positive
  • Secured new purchase order for C-UAS solution from global Tier 1 defense and intelligence OEM
  • Expanding presence in the rapidly growing counter-drone market
  • C-UAS market expected to reach $7.05 billion by 2029
  • Proprietary C-UAS platform integrates with existing security systems
Negative
  • None.

Insights

ParaZero's new order for its C-UAS solution from a global Tier 1 defense OEM is a significant milestone. This repeat business validates the company's technology and market position in the rapidly growing counter-drone sector. With the C-UAS market projected to reach $7.05 billion by 2029, ParaZero is well-positioned to capitalize on this growth. The company's focus on scalable, customizable solutions for military and commercial applications gives it a competitive edge. However, investors should note that the order size and financial impact were not disclosed, which limits assessment of immediate revenue implications. Long-term, this contract reinforces ParaZero's potential in the defense market, but consistent execution and additional contract wins will be important for sustained growth.

This news signals ParaZero's growing traction in the defense sector, particularly in counter-drone technology. The repeat order from a global Tier 1 client suggests strong product-market fit and potential for future contracts. However, investors should consider several factors: 1) The company's small market cap of $7 million indicates it's still in early growth stages. 2) No financial details were provided, making it difficult to gauge the order's impact on revenue. 3) The counter-drone market is highly competitive, with larger defense contractors also vying for market share. While this order is positive, ParaZero will need to demonstrate consistent growth and profitability to justify a higher valuation. The stock may see short-term positive sentiment, but long-term performance will depend on contract execution and financial results.

TEL AVIV, Israel, Oct. 01, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "company” or “ParaZero”), an aerospace company specializing in drone safety systems for defense and commercial drones and for urban air mobility aircraft, today announced that it has received a new purchase order for its advanced Counter-Unmanned Aerial Systems (C-UAS) solution from a global leading Tier 1 defense and intelligence OEM company. This is another significant achievement for ParaZero in its continued expansion into the defense market and the rapidly growing counter-drone market specifically.

This order follows the company's recent success in securing an initial contract for its innovative C-UAS technology and highlights the increasing global demand for reliable, scalable, and robust solutions to mitigate threats posed by drones of various sizes.

Meeting the Evolving Threat Landscape
With drones becoming a major security concern for military and non-military organizations, ParaZero's cutting-edge C-UAS solution offers a drone neutralization system. This technology provides essential protection for critical infrastructure, sensitive military operations, and public spaces while also ensuring minimal disruption while neutralizing aerial threats.

“Securing another order from a prestigious global defense and intelligence organization is a strong testament to the trust in our technology,” said Boaz Shetzer, CEO of ParaZero Technologies. “We believe that our C-UAS solutions address the growing demand for highly effective drone mitigation systems, and that this new order reflects our commitment to providing the highest level of safety and security to our clients.”

Expanding Capabilities in the Counter-Drone Market
As the market for counter-drone technology is expected to grow to $7.05 billion by 2029 according to a MarketandMarkets report, ParaZero continues to invest in its proprietary C-UAS platform, which integrates seamlessly with existing security systems. The platform’s high level of customization and scalability makes it ideal for a wide range of applications, including military, law enforcement and commercial operations.

ParaZero’s continued success in the counter-drone market reinforces its position as a leader in aerospace safety technology and its commitment to addressing emerging global security challenges with innovative and reliable solutions.

About ParaZero Technologies

ParaZero (Nasdaq: PRZO) is an aerospace company focused on drone safety systems for defense and commercial drones and urban air mobility aircraft. Started in 2014 by a passionate group of aviation professionals and drone industry veterans, ParaZero designs smart, autonomous parachute safety systems designed to enable safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS) as well as for various military applications including Counter UAS. For more information about ParaZero, please visit https://parazero.com/

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, ParaZero is using forward-looking statements when it discusses the trust in its technology, how its C-UAS solutions address the growing demand for highly effective drone mitigation systems, its commitment to providing the highest level of safety and security to its clients, the expected growth of the market for counter-drone technology, its position as a leader in aerospace safety technology and its commitment to addressing emerging global security challenges with innovative and reliable solutions. 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 21, 2024. 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

ParaZero Technologies Ltd. | 30 Dov Hoz, Kiryat Ono, Israel 5555626
P: +972-36885252 | E: contact@parazero.com | F: +972-3-688-5246


FAQ

What new order has ParaZero (PRZO) received for its C-UAS solution?

ParaZero has received a new purchase order for its advanced Counter-Unmanned Aerial Systems (C-UAS) solution from a global leading Tier 1 defense and intelligence OEM company.

How does ParaZero's (PRZO) C-UAS technology work?

ParaZero's C-UAS solution offers a drone neutralization system that protects critical infrastructure, military operations, and public spaces while minimizing disruption when neutralizing aerial threats.

What is the projected growth of the counter-drone market that ParaZero (PRZO) is targeting?

According to a MarketandMarkets report, the counter-drone market is expected to grow to $7.05 billion by 2029.

What applications does ParaZero's (PRZO) C-UAS platform serve?

ParaZero's C-UAS platform is customizable and scalable for a wide range of applications, including military, law enforcement, and commercial operations.

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