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Parazero Technologies Ltd (NASDAQ:PRZO) shares are trading higher by 72.8% to $1.21 Wednesday morning after the company announced the completion of a safety solution for a Fortune 500 automotive manufacturer's drone program, receiving payment for a unique variant of their SafeAir drone safety system.
Parazero Technologies says the project involved creating a custom SafeAir system tailored to meet specific aircraft requirements. The company says this led to a second purchase order from the same customer.
CEO Boaz Shetzer emphasized their technical capabilities and commitment to delivering high-quality drone safety solutions, highlighting the increasing trust and demand for their specialized services.
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According to data from Benzinga Pro, PRZO has a 52-week high of $4.15 and a 52-week low of $0.56.
Posted In: PRZO
