ParaZero Gets Israel Defense Ministry's Green Signal To Market HALO Precision Airdrop System

(RTTNews) - ParaZero Technologies Ltd. (PRZO), Friday stated that it has received an official approval from the Israeli Defense Export Controls Agency, under the Ministry of Defense, for the marketing of its HALO Precision Airdrop System.

The aerospace company explained that the system is designed to provide drone-based logistical support, helping military forces and emergency responders in high-risk zones.

Following this approval, ParaZero plans to advance the HALO system to the next phase of development, shifting its focus on improving the technology for operational deployment in military and humanitarian scenarios.

In the pre-market hours, ParaZero's stock is trading at $2.55, up 37.84 percent on the Nasdaq.