Why Did PRZO Stock Surge 15% In Pre-Market Today?
Synopsis
The company said that its DefendAir system successfully intercepted a drone traveling at 70 mph.
Shares of ParaZero Technologies (PRZO) popped 15% in pre-market trading on Wednesday, after the company reported favorable results from an internal live test of its DefendAir system.
During the trial, the system successfully intercepted a fast-moving drone traveling at 70 miles an hour using its patented net-launching mechanism. The test simulated a realistic combat scenario in which a hostile drone rapidly approached ground forces.
ParaZero added that the test results demonstrate that DefendAir can be used against high-speed unmanned systems, including first-person view (FPV) attack drones.
“We believe that intercepting a 70 mph threat represent a significant advancement for force protection in modern battlefields,” said Ariel Alon, CEO of ParaZero.
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