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KFAR SABA, Israel - ParaZero Technologies Ltd. (Nasdaq:PRZO) will demonstrate its DefendAir counter-drone solutions at the upcoming Milipol Paris 2025 exhibition, according to a company press release issued Monday. The micro-cap defense technology firm, currently valued at approximately $24 million, has seen its shares climb 134.6% over the past year despite a recent pullback of 5.44% last week, according to InvestingPro data.
The aerospace defense company will present its technology at Booth #5C-050 in the Israel Pavilion during the homeland security event, which runs from November 18 to 21 at Paris Nord Villepinte.
ParaZero's DefendAir product family includes handheld net launchers, stationary turret systems with 360-degree coverage, and drone-mounted counter-UAS solutions. The company stated that these systems recently demonstrated 100% interception success in field trials against aerial threats.
Milipol Paris, organized under the patronage of the French Ministry of the Interior, is expected to attract over 30,000 visitors and 1,100 exhibitors. This year's program emphasizes "Homeland Security and Artificial Intelligence."
The company noted that its counter-drone systems utilize non-kinetic interception methods and leverage technology originally developed for autonomous drone parachutes. ParaZero indicated that its systems are currently deployed in operations worldwide and have received orders from a major Tier 1 global defense corporation.
ParaZero Technologies, founded in 2014, develops autonomous parachute recovery systems, counter-UAS platforms, and precision aerial delivery systems for commercial, industrial, and governmental applications.
In other recent news, ParaZero Technologies Ltd. announced securing a new order for its DefendAir counter-drone solutions from a Tier 1 global defense corporation. This order includes both the DefendAir system and integration services with a training package. Additionally, ParaZero has signed a purchase order with Airobotics Ltd. for its advanced safety systems, although the financial terms of this deal were not disclosed. The company also completed a successful joint field trial of its DropAir system for precision blood delivery, collaborating with Israeli defense and health agencies. Furthermore, ParaZero successfully tested its DefendAir Stationary Turret system with Israel's homeland security authority, achieving a 100% interception success rate. These developments highlight ParaZero's continued advancements in drone defense and precision delivery systems.
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