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Company boosts production capacity amid growing counter-UAS demand.
ParaZero Technologies Ltd. (Nasdaq: PRZO) announced it has engaged a subcontractor to scale the production of its DefendAir Net Pod. This move is expected to increase the company's production capacity to thousands of units annually. The decision comes as demand for counter-unmanned aerial systems (UAS) continues to grow.
The DefendAir Net Pod is a key product in ParaZero's counter-UAS solutions, designed to enhance safety and security in various applications. With this increased production capacity, ParaZero aims to meet the rising market demand more effectively.
As of the latest available data, ParaZero has a free float of 15,200,111 shares.
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