Parazero Technologies Ltd PRZO shares are trading higher by 38.2% to $1.70 Thursday morning after the company appointed Nir Ben Moshe, a former senior director in the Israeli Ministry of Defense, as a specialist advisor.
The company says, with a background in managing national security operations, overseeing budgets and experience in defense, Moshe is expected to bring invaluable insights to ParaZero.
Boaz Shetzer, Parazero CEO, expressed confidence in Moshe's ability to drive the company's technological advancement within defense and homeland security sectors.
What Else?
Shares also gained Wednesday after the company announced the completion of a safety solution for a Fortune 500 automotive manufacturer's drone program, receiving payment for a unique variant of their SafeAir drone safety system.
Parazero Technologies says the project involved creating a custom SafeAir system tailored to meet specific aircraft requirements. The company says this led to a second purchase order from the same customer.
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According to data from Benzinga Pro, PRZO has a 52-week high of $4.15 and a 52-week low of $0.56.
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