Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Attached hereto and incorporated herein is the
Registrant’s press release issued on July 20, 2026, titled “ParaZero Successfully Demonstrates its Counter-UAS System in France.”
Pursuant to the requirements of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Exhibit 99.1
ParaZero Successfully
Demonstrates its Counter-UAS System in France
Kfar Saba, Israel, July 20, 2026 (GLOBE NEWSWIRE)
-- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace defense company pioneering
smart, autonomous solutions for the global manned and unmanned aerial systems (UAS) industry, successfully demonstrated its DefendAir
system in France.
The demonstration follows a series of high-profile
live demonstrations, including successful showcases in Romania at BSDA for hundreds of NATO officials and senior Romanian military officers,
as well as demonstrations in Tampa and participation at Modern Day Marine and SOF Week in the United States.
DefendAir was built for real-world operational
scenarios - a practical, field-ready counter-UAS interception solution. As hostile drone threats continue to evolve rapidly, there is
growing demand for effective last-layer defense capabilities. DefendAir provides a non-explosive, net-based interception system that neutralizes
hostile drones with precision, full control, and significantly reduced collateral risk.
“From Europe to the United States, we
are actively expanding DefendAir’s global footprint through live demonstrations, direct engagement with defense and security professionals,
and increasing operational interest across multiple markets,” said Ariel Alon, CEO of ParaZero. “Counter-UAS is no longer
theoretical - it is an operational necessity.”
The ability to stop the threat before it reaches
soldiers, vehicles, facilities, or protected areas remains critical. ParaZero continues to position DefendAir as a proven, reliable solution
for modern battlefield and homeland security requirements.
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 is a recognized leader in advanced drone technologies,
supporting commercial, industrial, and governmental operations worldwide. The company’s product portfolio includes SafeAir,
an autonomous parachute recovery system designed for aerial safety and regulatory compliance; DefendAir, a counter-UAS net-launching
platform for protection against hostile drones in both battlefield and urban environments; and DropAir, a precision aerial delivery
system. ParaZero’s mission is to redefine the boundaries of aerial operations with intelligent, mission-ready systems that enhance
safety, scalability, and security. For more information, 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. 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 actively expanding DefendAir’s global footprint through live demonstrations, direct engagement with
defense and security professionals, and increasing operational interest across multiple markets and how it continues to position DefendAir
as a proven, reliable solution for modern battlefield and homeland security requirements. 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