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Order signifies entry into the defense sector for ParaZero's autonomous counter-UAS technology.
ParaZero Technologies Ltd. (Nasdaq: PRZO) announced it has received an initial order from a Tier-1 European defense manufacturer for its DefendAir autonomous counter-unmanned aerial systems (UAS) platform. The order marks ParaZero's entry into the defense sector with its proprietary technology designed to detect and neutralize unauthorized drones.
No financial details were disclosed in the announcement. ParaZero's DefendAir platform is expected to enhance the defense manufacturer's capabilities in countering drone threats. The company has a free float of 15,200,111 shares.
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