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Stock impact report

ParaZero Received a Purchase Order for its Advanced Safety Systems for UAE-based Manufacturer of Heavy-Lift Cargo Drones [Yahoo! Finance]

ParaZero Technologies Ltd. (PRZO) 
Company Research Source: Yahoo! Finance
Tel Aviv, Israel, May 28, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company” or “ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, today announced that is has received a purchase order from a leading UAE-based company specializing in heavy-lift cargo drones and advanced air mobility (AAM) platforms. This partnership involves the development and delivery of customized safety systems for the partner's heavy-lift cargo drones. ParaZero has secured a deal to develop and provide a custom solution, based on its state-of-the-art SafeAir™ systems, enhancing the safety of their cutting-edge unmanned aircraft systems (UAS) and electric vertical takeoff and landing (eVTOL) aircraft. ParaZero's SafeAir is a UAS parachute recovery system that mitigates flight risks autonomously. The SafeAir system is equipped with integrated sensors that continuously monitor and analyze the drone's flight patt Show less Read more
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