ParaZero Technologies Ltd. PRZO saw its shares rise in premarket trading on Friday after announcing it received official approval from the Israeli Defense Export Controls Agency (DECA) under the Ministry of Defense for its HALO Precision Airdrop System.
The HALO system, designed for High-Altitude Low-Opening (HALO) airdrops, aims to revolutionize drone-based logistical support by enabling precise and secure delivery of supplies in challenging environments, the company said in a press release.
Earlier this week, the company announced the successful completion of a development test for its HALO Precision Airdrop System, marking a significant milestone in the system’s progression toward operational readiness.
The test showcased the HALO system’s ability to safely deliver sensitive and critical supplies, including blood units, under challenging conditions.
ParaZero’s advanced parachute technology is central to HALO, which offers a cutting-edge solution for military forces and emergency responders operating in high-risk zones.
Developed in collaboration with top defense industry partners, HALO is adaptable to various drone platforms, including widely used commercial models. This versatility makes it valuable for both military and humanitarian applications.
Following successful tests, ParaZero plans to advance the HALO system to the next development phase, focusing on refining the technology for operational deployment in real-world military and humanitarian situations. The company said it is committed to delivering innovative drone solutions that enhance safety and operational efficiency in critical scenarios.
Price Action: PRZO shares are trading higher by 24.1% to $2.33 premarket at last check Friday,
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