ParaZero Flat on Recent Order
Shares in ParaZero Technologies Ltd. (NASDAQ: PRZO) just cleared breakeven Wednesday. The Tel Aviv-based firm, an aerospace company focused on safety systems for commercial unmanned aircrafts and defense counter-UAS systems, recently announced a follow-on purchase order for its innovative SafeAir M4 parachute recovery system from a prominent drone technology partner in Europe.
This order reflects ParaZero’s growing traction in Europe’s dynamic drone market, a hub for advanced unmanned aerial systems (UAS) in logistics, infrastructure inspection, and public safety. The expanding adoption of SafeAir™ M4 shows ParaZero’s strengthening position as a trusted provider of mission-critical technologies supporting safe and compliant drone operations in regulated environments.
The SafeAir™ M4, ParaZero’s next-generation autonomous parachute recovery system, is designed for seamless integration with DJI’s Matrice 4 series. It features real-time telemetry and is designed and expected to comply with the highest European regulatory standards to enable safe flight in urban areas throughout the EU.
The European partner, a key player in the region’s commercial drone ecosystem, serves enterprise clients in precision agriculture, infrastructure inspection, and emergency response. This order reflects increasing demand for ParaZero’s certified safety solutions in high-regulation markets, following the Company’s recent CE Class C5 certification and other regulatory approvals for its SafeAir™ systems.
PRZO shares collected a penny, or 1.1%, to begin the mid-week session at 93 cents.
