ParaZero Technologies Ltd. ( (PRZO) ) just unveiled an update.
On March 27, 2025, ParaZero Technologies Ltd. announced the signing of a non-binding Letter of Intent to acquire Lulav Space Ltd., a company specializing in counter-drone systems and autonomous drone technologies. This acquisition, expected to close in the second quarter, aims to enhance ParaZero’s capabilities in the CUAS field and expand its presence in the defense market. Lulav’s expertise in autonomous solutions and precision navigation is anticipated to open new commercial market opportunities for ParaZero, adding significant value and potential growth.
More about ParaZero Technologies Ltd.
ParaZero Technologies Ltd. is an aerospace company that focuses on safety systems for commercial unmanned aerial systems and counter UAS systems. Founded in 2014 by aviation professionals and drone industry veterans, the company designs smart, autonomous parachute safety systems to enable safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS), as well as for various military applications.
YTD Price Performance: -59.76%
Average Trading Volume: 1,981,610
Technical Sentiment Signal: Buy
Current Market Cap: $14.01M
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