Investing.com -- ParaZero Technologies Ltd (NASDAQ:PRZO) stock jumped 2.1% in premarket trading Friday after the aerospace defense company announced a distribution agreement with a leading Western European distributor for its counter-drone technology.
The agreement grants the unnamed distributor exclusive rights to distribute ParaZero’s DefendAir counter-unmanned aerial systems (C-UAS) across multiple Western European countries. The distributor specializes in advanced defense systems and force training solutions, with extensive experience working with NATO forces.
This partnership gives ParaZero strategic access to NATO-aligned markets, potentially accelerating deployment of its patented C-UAS technologies designed to protect critical infrastructure, urban environments, and military operations from unauthorized drone incursions.
"We believe that this distribution agreement represents a pivotal step in scaling our DefendAir solutions across Europe’s defense landscape," said Ariel Alon, CEO of ParaZero. "The Distributor’s proven track record in advanced systems distribution and NATO tender participation will empower us to potentially serve more customers with reliable, on-the-ground support, which may drive revenue growth while also enhancing regional security against evolving aerial threats."
The distributor maintains a network of branches throughout Western European NATO countries, positioning it as a strategic partner for ParaZero’s expansion efforts in the region’s defense sector.
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