Street Calls of the Week
Investing.com -- Parazero Technologies Ltd (NASDAQ:PRZO) stock rose 3.3% in Friday’s premarket trading after the aerospace defense company announced it secured a new order for its Counter-UAS DefendAir solutions from a Tier 1 global defense corporation.
The order includes both the DefendAir system, a multi-layered counter-drone solution that uses a patented net launcher to intercept hostile drones, and integration with a training package. The company highlighted that the system has demonstrated 100% interception success in previous field trials.
Parazero’s DefendAir technology is designed to enable safe urban environments and minimize collateral damage when countering unmanned aerial threats. The system combines soft-kill and hard-kill capabilities to neutralize hostile drones.
"We are thrilled to announce this important order, which further validates the strength and reliability of our advanced anti-drone solutions," said Ariel Alon, CEO of ParaZero. "As threats from unmanned aerial systems continue to evolve and shape the modern battlefield, our DefendAir technology provides critical protection for military and security operations."
The company views this partnership with a leading defense corporation as validation of its growing position in the global Counter-UAS market and expects it will support further business expansion.
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