Press Release

Tel Aviv, Israel, Feb. 07, 2025 (GLOBE NEWSWIRE) — ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “Company or “ParaZero”), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, is set to attend in IDEX UAE 2025, one of the world’s premier defense and security exhibitions.

IDEX UAE, held in Abu Dhabi from February 17-21, 2025, serves as a strategic platform for defense companies to engage with global military.

As drone technology continues to evolve, safety and counter-drone solutions are critical for defense and homeland security operations. At IDEX UAE, ParaZero aims to explore new collaborations and market opportunities with defense officials and industry leaders. The company’s presence to show its growing role in shaping the future of drone safety and security worldwide.

About ParaZero Technologies

ParaZero (Nasdaq: PRZO) is a leading developer of autonomous parachute safety systems technologies for commercial and military platforms as well as for urban air mobility (UAM) aircraft. Started in 2014 by a passionate group of aviation professionals and drone industry veterans, ParaZero develops and manufactures smart, autonomous parachute safety systems designed to enable safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS) as well as for various military applications including Counter UAS. For more information about ParaZero, please visit https://parazero.com/

Forward- looking statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, ParaZero is using forward-looking statements when it discusses its aim to explore new collaborations and market opportunities with defense officials and industry leaders and its growing role in shaping the future of drone safety and security worldwide. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report on From 20-F for the year ended December 31, 2023. Forward- looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. ParaZero is not responsible for the content of third-party websites.

Tel Aviv, Israel, Feb. 05, 2025 (GLOBE NEWSWIRE) — ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “Company or “ParaZero”), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, announced today the successful demonstration of its DropAir Precision airdrop system in collaboration with a leading global defense company. The demonstration showcased the DropAir system’s ability to safely and precisely deliver critical supplies under challenging operational conditions.

During the test, ParaZero’s proprietary DropAir technology was deployed in multiple high-altitude drone airdrops. The system’s advanced parachute mechanism activated at low altitude, ensuring minimal drift and precise landings, even in complex environments. Following the successful demonstration, ParaZero plans to advance the DropAir system into the next phase of development, focusing on enhancing its capabilities for real-world military and humanitarian operations.

About the DropAir Precision Airdrop System

The DropAir Precision Airdrop System (High-Altitude Low-Opening) is designed to revolutionize drone-based logistical support by enabling precise and secure delivery of supplies in challenging environments. Leveraging ParaZero’s renowned parachute technology, the DropAir system offers a cutting-edge solution to support military forces and emergency responders operating in high-risk zones.

Following this demonstration and previous successful tests, ParaZero is moving forward with the next stage of DropAir’s development, refining the technology for operational deployment in military and humanitarian applications.

Boaz Shetzer, CEO of ParaZero, said: “This successful demonstration reinforces ParaZero’s commitment to advancing aerial safety and precision in critical supply missions. We believe that the DropAir system has the potential to transform logistical operations for defense and emergency response, ensuring rapid and secure deliveries in the most demanding environments. We are excited to take this technology to the next level, working towards its integration into real-world operational scenarios.”

About ParaZero Technologies

ParaZero (Nasdaq: PRZO) is a leading developer of autonomous parachute safety systems technologies for commercial and military platforms as well as for urban air mobility (UAM) aircraft. Started in 2014 by a passionate group of aviation professionals and drone industry veterans, ParaZero develops and manufactures smart, autonomous parachute safety systems designed to enable safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS) as well as for various military applications including Counter UAS. For more information about ParaZero, please visit https://parazero.com/

Tel Aviv, Israel, Jan. 15, 2024 (GLOBE NEWSWIRE) — ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “Company or “ParaZero”), an aerospace company focused on safety systems for defense and commercial drones and urban air mobility aircrafts, announced today 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.

The field test, conducted with ParaZero’s proprietary HALO technology, involved multiple high-altitude drone airdrops. The system’s innovative parachute mechanism deployed at low altitude above the ground, ensuring minimal drift and a highly accurate landing. The test results demonstrated the resilience of blood units during the airdrop process, meeting stringent requirements for sensitive payloads. Based on the success of this phase, the Company plans to advance the HALO system into the next stage of development, aimed at addressing complex operational scenarios.

“We are thrilled to unveil the HALO Precision Airdrop System and share the success of its first field test,” said Boaz Shetzer, CEO of ParaZero. “This innovative system reflects over a decade of expertise in drone safety technology and addresses critical logistical challenges in complex operational environments. HALO has the potential to redefine how essential supplies are delivered in high-risk zones, minimizing risks while maximizing efficiency.”

About the HALO Precision Airdrop System
The HALO Precision Airdrop System (High-Altitude Low-Opening) is designed to revolutionize drone-based logistical support by enabling precise and secure delivery of supplies in challenging environments. Leveraging ParaZero’s renowned parachute technology, HALO offers a cutting-edge solution to support military forces and emergency responders operating in high-risk zones.

Key features of the HALO system include:

• Autonomous and Remote Operations: The drone can operate autonomously, allowing for flexible and covert missions.
• Advanced Parachute Deployment: The system allows for low altitude opening, ensuring minimum drift.
• Payload Versatility: The system is capable of carrying sensitive supplies, including medical equipment, tactical gear, and blood units, with potential scalability for heavier payloads.
• Proven Safety: Initial testing validates the system’s ability to maintain the integrity of delicate payloads during high-altitude airdrops.

The HALO system was originally developed in collaboration with leading defense industry partners under military research initiatives. Its adaptability to various drone platforms, including widely available commercial models, makes it a versatile solution for military and humanitarian applications.

“We have a clear development plan to advance this product line, ensuring optimal solutions for field forces across various operational scenarios. We are actively engaging with end-users to refine our capabilities, providing the operational versatility required for efficient and seamless deployment of diverse payloads in the field,” said Yuval Gilad, Chief Product & Technology Officer at ParaZero.

Following this successful test, ParaZero will advance the HALO system to the next phase of development, focusing on refining the technology for operational deployment in military and humanitarian scenarios. The Company remains committed to providing innovative drone solutions that enhance safety and operational efficiency.

About ParaZero Technologies

ParaZero (Nasdaq: PRZO) is a leading developer of autonomous parachute safety systems technologies for commercial and military platforms as well as for urban air mobility (UAM) aircraft. Started in 2014 by a passionate group of aviation professionals and drone industry veterans, ParaZero develops and manufactures smart, autonomous parachute safety systems designed to enable safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS) as well as for various military applications including Counter UAS. For more information about ParaZero, please visit https://parazero.com/

Forward- looking statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, ParaZero is using forward-looking statements when it discusses how HALO has the potential to redefine how essential supplies are delivered in high-risk zones, minimizing risks while maximizing efficiency, its clear development plan to advance this product line, ensuring optimal solutions for field forces across various operational scenarios, how it is actively engaging with end-users to refine our capabilities, providing the operational versatility required for efficient and seamless deployment of diverse payloads in the field and its commitment to providing innovative drone solutions that enhance safety and operational efficiency. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report on From 20-F for the year ended December 31, 2023. Forward- looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. ParaZero is not responsible for the content of third-party websites.

Investor Relations Contact:

Michal Efraty
Investor Relations
michal@efraty.com

The new integrated system is capable of delivering multiplied blood transfusions in a matter of minutes under fire

Tel Aviv, Israel, Jan. 29, 2025 (GLOBE NEWSWIRE) — ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “Company or “ParaZero”), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, recently announced the successful launch of a pilot program utilizing its DropAir –  Precision Airdrop System in a high-risk operational zone. The program, conducted in collaboration with a leading drone company, demonstrates the system’s ability to deliver critical blood transfusions rapidly and safely, significantly reducing the time needed to save lives in emergency situations.

The pilot program involves a military-operated drone, equipped with ParaZero’s DropAir System, capable of delivering numerous blood transfusions in a matter of minutes. This breakthrough in aerial logistics showcases the system’s ability to cut down critical response times, ensuring that life-saving medical supplies are able to reach those in need with speed and precision.

Key Highlights of the Pilot Program:

• Rapid Delivery of Blood Transfusions: The drone, equipped with ParaZero’s DropAir System, can deliver numerous blood transfusions in minutes, dramatically reducing the time required to save lives in high-risk environments.

• Safe and Accurate Airdrop Technology: The drone carries specially designed packages equipped with ParaZero’s advanced parachute system and unique precision airdrop mechanism. This technology ensures that the payload is delivered safely and accurately, even in challenging conditions.

• Versatility for Future Applications: A defense official involved in the program highlighted the system’s potential for delivering other critical materials in the future. The landing method softens the impact to protect sensitive payloads, reduces acceleration during descent, and enhances precision, making it suitable for a wide range of applications.

The DropAir system’s advanced parachute deployment technology can integrate seamlessly into a variety of both military and commercially available drones, and ensures minimal drift and highly accurate landings, even in complex and high-risk environments. Its ability to maintain the integrity of sensitive payloads, such as blood units, during high-altitude airdrops has been rigorously tested and validated.

The DropAir Precision Airdrop System, originally developed in collaboration with defense industry partners, continues to evolve to meet the needs of military and humanitarian operations. Its ability to operate autonomously and deliver payloads with precision makes it an essential solution for forces operating in complex and high-risk zones.

TEL AVIV, Israel, Jan. 10, 2025 (GLOBE NEWSWIRE) — ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, announced today that it has received official approval from the Israeli Defense Export Controls Agency (DECA) under the Ministry of Defense (MOD) for the marketing of its cutting-edge Counter-Unmanned Aerial Systems (C-UAS) solution. This milestone marks a significant step in ParaZero’s efforts to expand its presence in the global defense and security markets.

The company’s counter-drone system, The DefendAir by ParaZero, leverages ParaZero’s proprietary technology to intercept unauthorized or hostile drones, providing a robust last-line of defense for critical infrastructure, sensitive military operations, and public safety. With DECA approval, ParaZero is now authorized to market and deploy this innovative solution to international customers, including governments, defense organizations and private enterprises.

The global C-UAS market is rapidly expanding, driven by the increasing use of drones in military, commercial, and recreational applications, which pose growing security challenges. According to MarketandMarkets, the global C-UAS market is projected to reach $7.05 billion by 2029. With this approval, ParaZero is well-positioned to address the demand for effective counter-drone technologies, offering solutions that ensure safety while minimizing operational disruption.

Boaz Shetzer, CEO of ParaZero, commented: “Receiving the MOD approval is a key milestone for ParaZero, reflecting our efforts of meeting the highest regulatory and ethical standards in the defense sector. This approval enables us to offer critical protection against aerial threats to customers worldwide. We look forward to partnering with global organizations to help safeguard people, assets and airspaces from hostile threats.”

Yuval Gilad, Chief Product & Technology Officer adds: “Building on over 11 years of expertise in drone technologies and operations, we have rapidly developed an effective solution to address a wide range of relevant battlefield threats. We work closely with end-users to ensure our solutions are tailored to meet the precise needs of the field. Our roadmap includes plans to integrate additional advanced capabilities, enabling the system to tackle even more complex and challenging scenarios.”

About ParaZero Technologies

ParaZero (Nasdaq: PRZO) is an aerospace company focused on drone safety systems for defense and commercial drones and urban air mobility aircraft. Started in 2014 by a passionate group of aviation professionals and drone industry veterans, ParaZero designs smart, autonomous parachute safety systems designed to enable safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS) as well as for various military applications including Counter UAS. For more information about ParaZero, please visit https://parazero.com/

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, ParaZero is using forward-looking statements when it discusses growth in the global C-UAS market, how ParaZero is well-positioned to address the demand for effective counter-drone technologies, offering solutions that ensure safety while minimizing operational disruption, partnering with global organizations to help safeguard people, assets and airspaces from hostile threats and its plans to integrate additional advanced capabilities, enabling the system to tackle even more complex and challenging scenarios. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s Annual Report on Form 20-F filed with the SEC on March 21, 2024. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. ParaZero is not responsible for the content of third-party websites.

Investor Relations Contact:

Michal Efraty
Investor Relations
michal@efraty.com

Tel Aviv, Israel, Dec. 16, 2024 (GLOBE NEWSWIRE) — ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “Company” or “ParaZero”), an aerospace company focused on safety systems for defense and commercial drones and urban air mobility aircraft, today announced that it has received a written notice from Nasdaq Stock Market LLC (“Nasdaq”)informing the Company that it has regained compliance with the minimum bid price requirement for continued listing set forth in Nasdaq Listing Rule 5550(a)(2). ParaZero is now in compliance with all applicable listing standards and its ordinary shares will continue to be listed and traded on the Nasdaq Capital Market.

About ParaZero Technologies

ParaZero (Nasdaq: PRZO) is a leading developer of autonomous parachute safety systems technologies for commercial and military platforms as well as for urban air mobility (UAM) aircraft. Started in 2014 by a passionate group of aviation professionals and drone industry veterans, ParaZero develops and manufactures smart, autonomous parachute safety systems designed to enable safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS) as well as for various military applications including Counter UAS. For more information about ParaZero, please visit https://parazero.com/

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report on From 20-F for the year ended December 31, 2023. Forward- looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. ParaZero is not responsible for the content of third-party websites.

Mr. Natan Israeli served for three decades in the Israeli Air Force as a senior officer and will support ParaZero’s growing activity in the military and defense markets

Tel Aviv, Israel, December 12, 2024 (GLOBE NEWSWIRE) — ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “Company” or “ParaZero”), an aerospace company focused on safety systems for defense and commercial drones and urban air mobility aircraft, today announces it has strengthened its board of directors with the appointment of Mr. Natan Israeli, a Brig. Gen. (Res.), formerly Head of the Personnel Directorate in the Israeli Air Force (IAF) and leader of a UAV squadron, effective December 11, 2024.

Mr. Israeli has served as Kaltura Inc.’s Chief Customer Officer since November 2020 and as an executive officer since January 2024. Prior to joining Kaltura, throughout 2020 Mr. Israeli was the CEO for Ambar A.M. Enterprise Ltd., that was active in the Israeli energy and infrastructure industries. Prior to that Mr. Israeli served for three decades in the IAF as an officer and helicopter pilot.

“As we witness growing interest in our advanced solutions for the military and defense markets, we believe that Mr. Israeli’s expertise, knowledge, and extensive network will significantly enhance our efforts in this field,” said Boaz Shetzer, CEO of ParaZero. “Having a distinguished leader like Mr. Israeli join our board of directors is a strong endorsement of our recent developments and strategic direction.”

ParaZero has recently strengthened its position in the defense and military sectors with significant advancements and collaborations. The Company has secured multiple orders for its advanced Counter-Unmanned Aerial Systems (C-UAS) technology, highlighting the growing demand for solutions that address security challenges posed by drones. Notably, ParaZero received an order from a global Tier-1 defense company for its cutting-edge drone neutralization systems, emphasizing its capabilities in mitigating aerial threats while ensuring minimal disruption to critical environments.

About ParaZero Technologies

ParaZero (Nasdaq: PRZO) is a leading developer of autonomous parachute safety systems technologies for commercial and military platforms as well as for urban air mobility (UAM) aircraft. Started in 2014 by a passionate group of aviation professionals and drone industry veterans, ParaZero develops and manufactures smart, autonomous parachute safety systems designed to enable safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS) as well as for various military applications including Counter UAS. For more information about ParaZero, please visit https://parazero.com/

Forward- looking statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, ParaZero is using forward-looking statements when it discusses the growing interest in its advanced solutions for the military and defense markets and the growing demand for solutions that address security challenges posed by drones. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report on From 20-F for the year ended December 31, 2023. Forward- looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. ParaZero is not responsible for the content of third-party websites.

Investor Relations Contact:

Michal Efraty
Investor Relations
michal@efraty.com

TEL AVIV, Israel, Sept. 13, 2024 (GLOBE NEWSWIRE) — ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “company” or “ParaZero”), an aerospace company specializing in drone safety systems for defense and commercial drones and for urban air mobility aircraft, today announced it has received its first order for its innovative Counter Unmanned Aerial Systems solution from a global leading Tier-1 defense customer. This marks a significant milestone in ParaZero’s expansion into the defense market, and specifically in the counter-unmanned aerial systems market, leveraging the company’s cutting-edge technology to address emerging security challenges in various industries.

ParaZero announced earlier this year its intention to enter the counter unmanned aircraft system (C-UAS or anti-drone) market, by developing dedicated solutions based on its advanced technology and patents. The C-UAS solution utilizes ParaZero’s unique proprietary technology, offering an advanced platform for mitigating potential threats posed by rogue or hostile drones. By providing a robust, multi-layered system for drone detection and neutralization, ParaZero continues to push the boundaries of safety and security in the rapidly growing drone sector.

In recent years, drones have become a major challenge to both military and non-military entities. Recent world events and wars, including the war in Ukraine and throughout the Middle East have shown how small drones can cause significant damage and risk to militaries. The market for C-UAS is expected to reach $5.2B by 2028 according to a MarketandMarkets report. Drones are becoming increasingly sophisticated and capable, as well as cheap and easy to operate.

“We are thrilled to have secured our first order from a Tier-1 leading defense customer for our C-UAS solution,” said Boaz Shetzer, CEO of ParaZero. “We identified the needs in this sector and its potential and accelerated our efforts in order to enter this market as fast as we can. This unique solution is based on our proprietary technology that is already implemented in countless of our solutions in the drone market. The current order reflects our ability to successfully execute our plans to answer the growing demand for effective counter-drone solutions to safeguard critical infrastructure, public spaces and sensitive operations. Our technology provides a reliable and scalable defense system against the evolving threats posed by unauthorized UAVs.”

The C-UAS platform is designed to integrate seamlessly into existing security systems, offering a high level of customization and scalability for a wide range of applications, including military, law enforcement and commercial operations. The system’s ability to neutralize threats, while ensuring minimal disruption to surrounding environments, makes it an ideal solution for critical and high-stakes operations.

ParaZero’s entry into the C-UAS market represents the company’s commitment to expanding its portfolio of drone-related safety and security technologies, while also addressing global demand for innovative solutions to counter the rising number of drone incursions.

About ParaZero Technologies

ParaZero (Nasdaq: PRZO) is an aerospace company focused on drone safety systems for defense and commercial drones and urban air mobility aircraft. Started in 2014 by a passionate group of aviation professionals and drone industry veterans, ParaZero designs smart, autonomous parachute safety systems designed to enable safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS) as well as for various military applications including Counter UAS. For more information about ParaZero, please visit https://parazero.com/

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, ParaZero is using forward-looking statements when it discusses the expected growth of the C-UAS market, its ability to successfully execute our plans to answer the growing demand for effective counter-drone solutions to safeguard critical infrastructure, public spaces and sensitive operations and how its technology provides a reliable and scalable defense system against the evolving threats posed by unauthorized UAVs . Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s Annual Report on Form 20-F filed with the SEC on March 21, 2024. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. ParaZero is not responsible for the content of third-party websites.

Investor Relations Contact:

Michal Efraty
Investor Relations
michal@efraty.com

ParaZero Technologies Ltd. | 1st hatachana st Kfar Sava, Israel 4453001
P: +972-36885252 | E: contact@parazero.com | F: +972-3-688-5246

Join ParaZero at the Commercial UAV Expo in Las Vegas and DroneX in London to Explore the Future of Drone Safety

Tel Aviv, Israel, August 28, 2024 (GLOBE NEWSWIRE) — ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “Company” or “ParaZero”), an aerospace company focused on drone safety systems for defense and commercial drones and urban air mobility aircraft, announced today its participation in two of the most significant events in the drone industry this year. These events offer a unique platform for ParaZero to showcase its cutting-edge drone safety technologies, engage with industry professionals and explore new opportunities for innovation and collaboration.

Commercial UAV Expo, Las Vegas

Event Dates: September 5-7, 2024

Location: The Venetian, Las Vegas, NV

ParaZero Booth Number: 923

The Commercial UAV Expo, presented by Commercial UAV News, is the premier international trade show and conference dedicated to the integration and operation of commercial UAS in select vertical markets. In 2023, the expo attracted over 3,449 drone professionals and 206 exhibitors, making it a pivotal event for industry stakeholders. This year’s expo is expected to be even more impactful, with critical education sessions, unparalleled networking opportunities, and the latest technology on display.

ParaZero invites attendees to visit Booth 923, where the company will showcase its latest advancements in drone safety technology. ParaZero invite participants in these events to come and meet with its team of experts, explore its innovative solutions, and discuss how these technologies can enhance safety and efficiency in drone and unmanned platforms operations.

To schedule personal meetings with company representatives at UAV Expo, please contact: amirl@parazero.com

DroneX Trade Show & Conference, London

Event Dates: September 26-27, 2024

Location: ExCeL London, UK

ParaZero Booth Number: H32

DroneX is Europe’s leading event for the commercial UAV industry, bringing together professionals from across the globe to discuss the latest trends, challenges and innovations in the sector. The event will feature a comprehensive program of seminars, panels and live demonstrations, offering valuable insights into the future of the drone industry.

ParaZero will be at Booth H32, where attendees can learn more about the company’s groundbreaking safety systems and how they are setting new standards in drone operations worldwide.

To schedule personal meetings with company representatives at DroneX, please contact: amirl@parazero.com

“We’re excited to take part in these key industry events, where we can present our latest safety technologies and have meaningful conversations with the drone community,” said Boaz Shetzer, CEO of ParaZero. “These gatherings offer us a chance to share our practical insights and hear directly from those who are driving the industry forward, ensuring that our innovations truly meet the needs of the market.”

Don’t miss this chance to engage with the leaders in drone safety! Mark your calendars for these pivotal events and be sure to stop by ParaZero’s booths to learn more.

About ParaZero Technologies

ParaZero (Nasdaq: PRZO) is a leading developer of autonomous parachute safety systems technologies for commercial and military platforms as well as for urban air mobility (UAM) aircraft. Started in 2014 by a passionate group of aviation professionals and drone industry veterans, ParaZero designs smart, autonomous parachute safety systems designed to enable safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS) as well as for various military applications including Counter UAS. For more information about ParaZero, please visit https://parazero.com/

Forward- looking statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report on From 20-F for the year ended December 31, 2023. Forward- looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. ParaZero is not responsible for the content of third-party websites.

Investor Relations Contact:

Michal Efraty
Investor Relations
michal@efraty.com