ParaZero receives follow-on order for drone safety systems in Australia

KFAR SABA, Israel - ParaZero Technologies Ltd. (Nasdaq:PRZO), a $22.5 million market cap drone safety systems provider, has secured a follow-on order for its SafeAir drone safety systems from a leading Australian drone technology distributor, the company announced Thursday. According to InvestingPro data, the company has demonstrated strong revenue growth of over 50% in the last twelve months.

The new order includes SafeAir systems specifically for DJI drone platforms used across commercial, law enforcement, search and rescue, and other governmental sectors in Australia. This follows the distributor’s initial procurement in late 2024.

ParaZero’s SafeAir system is designed to autonomously detect flight anomalies and deploy a parachute during failures, reducing the risk of injury or damage. The system has received operational safety credit from Australia’s Civil Aviation Safety Authority (CASA), enabling commercial drone flights over populated areas.

"This follow-on order highlights the continued trust our partners place in ParaZero’s safety technologies," said Boaz Shetzer, CEO of ParaZero, according to the company’s press release.

The SafeAir systems are being adopted to meet increasing demand driven by evolving drone regulations and safety requirements for operations. The CASA recognition has made ParaZero’s technology important for operators seeking to conduct flights near people and in populated areas throughout Australia.

ParaZero Technologies focuses on safety systems for commercial unmanned aerial systems and counter UAS systems. The company began operations in 2014.

In other recent news, ParaZero Technologies Ltd. has made significant strides in various operational and market areas. The company announced it has regained compliance with Nasdaq’s minimum bid price requirement, ensuring its continued listing on the Nasdaq Capital Market. ParaZero also completed 50 consecutive DropAir delivery tests, confirming the system’s reliability for blood transfusion deliveries. Additionally, the company showcased its DropAir and DefendAir systems at the Constellis Security Conference, drawing attention from emergency response and disaster relief sectors.

In the European market, ParaZero received a follow-on purchase order for its SafeAir™ M4 parachute recovery system from a key drone technology partner. This order highlights the company’s growing presence in Europe, particularly in sectors requiring stringent safety measures. The SafeAir™ M4 system, designed to integrate with DJI’s Matrice 4 series drones, complies with European regulatory standards for urban flight safety. The company has also been invited to demonstrate its technologies in Israel during a European security delegation visit. These developments underscore ParaZero’s expanding role in the global drone safety and delivery systems market.

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