ParaZero Technologies Ltd (NASDAQ: PRZO) has experienced a remarkable surge in its stock price, with shares climbing by 72.57% to $2.14 as of the latest market update. This increase follows a 94.14% rise in the previous session, attributed to the company’s recent regulatory milestone.
Regulatory Milestone: EASA Approval for SafeAir Systems
ParaZero (PRZO) received the Design Verification Report (DVR) approval from the European Union Aviation Safety Agency (EASA) for its SafeAir M-300 Pro and SafeAir M-350 Pro parachute safety systems.
The approval confirms that these systems meet crucial safety standards, allowing drone operators to broaden their operational capabilities under the Specific Operations Risk Assessment (SORA) process. Notably, the DVR enables operators to fulfill the ‘enhanced containment’ requirement, reducing the ground risk class by one point.
Safety Compliance and Operational Flexibility
The SafeAir systems meet the Light-UAS.2511 standard, ensuring robust flight termination capabilities that add an extra layer of safety when operating in high-risk areas, such as crowded spaces or critical airspaces.
Additionally, they adhere to the Light-UAS.2512 standard, which focuses on impact mitigation. As a leading developer of autonomous parachute safety systems technologies for commercial and military platforms as well as for urban air mobility (UAM) aircraft, this certification lowers the Ground Risk Class for the company, providing operators with increased flexibility to conduct medium-risk missions, including those beyond visual line of sight and near populated areas.
Strategic Partnership with Drone Nerds Inc.
In another strategic development, ParaZero has partnered with Drone Nerds Inc., one of North America’s leading enterprise drone solution providers. This collaboration will expand the reach of PRZO’s SafeAir Parachute Recovery System across various industries, enhancing safety and compliance for enterprise drone users in North America.
The SafeAir system is designed to autonomously detect and mitigate flight risks in real-time, ensuring mission continuity through parachute deployment and other safety mechanisms. With these advancements, ParaZero (PRZO) continues to solidify its position as a leading provider of drone safety solutions in Europe and North America.
