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 the successful delivery of a special drone safety system project for a leading Fortune 500 automotive manufacturer ("the Customer") as part of the Customer's proprietary drone program.

The project included the design, development and delivery of a custom ParaZero SafeAir system specifically engineered to meet exceptionally demanding flight conditions and specifications unique to the Customer's proprietary aircraft program. This initiative commenced at the design stage, ensuring optimized and seamless integration of the safety system onto the aircraft and addressing its unique flight envelope and operational characteristics. This delivery highlights ParaZero's ability to provide advanced safety solutions for diverse aerial platforms, including multirotor, single rotor, fixed-wing, VTOL, manned and unmanned vehicles, and urban air mobility aircraft.

The successful execution of this project further highlights ParaZero's reputation for developing custom product variants tailored to meet the stringent requirements and standards of aircraft across various industries. It also serves as a testament to the long-standing relationship between ParaZero and the Customer, which spans multiple successful collaborations. In late 2023, ParaZero received its second purchase order from the Customer, reinforcing this ongoing partnership.