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ParaZero Gains on Hailing Drone Project

ParaZero Technologies Ltd. (NASDAQ: PRZO) watched its shares move upward Monday, as aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft announced recently the successful completion of a significant drone safety project with a leading Fortune 500 automotive manufacturer for their proprietary drone program. As announced late last year, and in line with the project agreement, ParaZero has received full payment for the development of a first-of-its-kind custom variant of their innovative SafeAir™ drone safety system.

This project involved the development and testing of a custom ParaZero SafeAir™ system designed and engineered to meet extremely demanding flight conditions and specifications to accommodate the Fortune 500 automotive manufacturer’s proprietary aircraft program. This project was initiated from the design stage, ensuring an optimized and seamless integration on the aircraft, at unique flight envelope and operational characteristics.

This project reinforces ParaZero’s reputation as a provider of advanced safety solutions across a myriad of aerial platforms, including multirotor, single rotor, fixed-wing, VTOL, manned and unmanned, and urban air mobility vehicles. Additionally, this project is a testament to ParaZero’s capabilities to develop custom product variants to meet unique requirements and standards across a range of aircraft from around the world.

PRZO picked up four cents to 81 cents.

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