ParaZero completes successful homeland security trial of drone defense system

TEL AVIV - ParaZero Technologies Ltd. (Nasdaq:PRZO), a $22 million market cap defense technology company currently trading below its InvestingPro Fair Value, has successfully completed a field trial of its DefendAir Stationary Turret system with Israel’s homeland security authority, the company announced Thursday. The company is set to report earnings on September 10.

The counter-drone system, which uses a net interception method mounted on a turret, achieved a 100% interception success rate during tests conducted in real-life conditions in Israel. The system demonstrated its capability to neutralize hostile drones using an advanced optical detection and tracking subsystem.

"This successful field trial with this homeland security authority validates DefendAir’s role as a critical last-layer defense solution, particularly where traditional RF jamming or kinetic responses are unsuitable, such as around airports, energy plants, or other high-risk facilities," said Ariel Alon, CEO of ParaZero, according to the press release. The company has demonstrated strong momentum, with revenue growth of 80% in the last twelve months.

The turret configuration complements ParaZero’s existing portable, hand-held net gun configuration. The DefendAir Stationary Turret system combines optical detection and tracking with an automated net-launching turret to detect, track, and neutralize hostile drones across a 360-degree perimeter.

ParaZero Technologies, founded in 2014, develops autonomous solutions for manned and unmanned aerial systems. InvestingPro analysis reveals 14 additional investment insights for the company, including key metrics on profitability and growth potential. The company’s product portfolio includes SafeAir, an autonomous parachute recovery system; DefendAir, a counter-UAS net-launching platform; and DropAir, a precision aerial delivery system. While maintaining a healthy current ratio of 4.68, the company faces challenges with negative gross margins.

The information in this article is based on a company press release statement.

In other recent news, ParaZero Technologies Ltd. has announced several significant developments. The company successfully completed a field trial of its DefendAir Hand-Held Net Gun System, achieving a 100% success rate in neutralizing hostile drone threats. This trial, conducted for a branch of Israel’s defense sector, demonstrated the system’s effectiveness in protecting critical infrastructure. Additionally, ParaZero has received a purchase order for its Counter-Unmanned Aerial Systems solution from an undisclosed defense entity, marking further expansion into the counter-drone sector.

The company also completed a field trial for an enhanced variant of its DefendAir system, featuring a stationary net turret launcher for 360-degree perimeter defense. This system integrates an advanced optical detection and tracking system for autonomous operation. Furthermore, ParaZero received marketing approval from Israel’s Defense Export Controls Agency for its DropAir Precision Airdrop System, developed in collaboration with Steadicopter. This approval enables both companies to market their joint solution globally across commercial, defense, and humanitarian sectors.

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