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 21, 2026, titled “ParaZero Receives Follow-On Order for Operational System Protecting
High-Value Assets and Critical Infrastructure.”
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
Receives Follow-On Order for Operational System Protecting High-Value Assets and Critical Infrastructure
DefendAir
Pods will support an autonomous Counter-UAS application within an operational protection system
Kfar Saba, Israel, July 21, 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,
today announced that it has received a follow-on order for DefendAir Pods intended for an autonomous Counter-UAS installation within
an operational system designed to protect high-value assets and critical infrastructure.
Critical
infrastructure, strategic facilities and other high-value assets are increasingly exposed to threats from low-cost drones capable of
conducting surveillance, causing disruption and carrying out direct attacks. Protecting these sites requires Counter-UAS systems that
can respond rapidly and neutralize threats, particularly in sensitive environments where explosive interception methods may create unacceptable
collateral damage and risks to personnel, equipment and surrounding infrastructure – sometimes even more then the threat itself.
ParaZero’s
DefendAir technology provides a non-explosive, net-based physical interception capability designed to neutralize hostile drones with
precision and control. The modular Net Pod architecture enables integration into autonomous defense applications and can be adapted for
fixed, mobile and unmanned protection systems.
“Protecting
critical infrastructure and high-value assets requires more than detection or disruption alone. Operators need a dependable physical
interception layer capable of responding autonomously and stopping a hostile drone before it reaches the protected asset,” said
Ariel Alon, CEO of ParaZero Technologies. “This follow-on order supports the integration of DefendAir into an operational system
built around that requirement and demonstrates the role our Pod architecture can play in protecting sensitive sites where controlled
interception effects are essential.”.
The
follow-on order advances the use of DefendAir Pods within an autonomous operational application and reflects the growing requirement
for physical Counter-UAS interception capabilities that can be incorporated into layered protection systems.
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.
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