AInvest Newsletter
Daily stocks & crypto headlines, free to your inbox
_6ff029a61766633234293.png?format=webp&width=1186&height=250)
Krown Technologies Appoints Craig Irvine as CFO to Accelerate Global Growth and Investment Strategy.
ByAinvest
Tuesday, Aug 19, 2025 10:12 am ET1min read
Krown Technologies appoints Craig Irvine as CFO to accelerate global growth and investment strategy. Irvine brings a background in global finance, blockchain innovation, and venture strategy, having led billions in structured capital transactions. He will oversee financial strategy, investor relations, fundraising, and M&A, as Krown launches its TestNet, MainNET, and other products and expands globally.
ParaZero Technologies Ltd. (NASDAQ: PRZO), a leading provider of safety systems for commercial unmanned aerial systems and counter UAS systems, has announced significant leadership changes and strategic appointments. These moves are aimed at bolstering the company's position in the rapidly growing drone safety and defense markets.New CEO and Board Appointments
On July 14, 2025, ParaZero appointed Mr. Ariel Alon as its new Chief Executive Officer (CEO), effective immediately. Mr. Alon brings extensive experience in leading and managing high-performing teams across various sectors, including unmanned aircraft systems, finance, high-tech, defense, and government ministries. He has a proven track record of driving business growth and innovation [1].
In addition to the CEO appointment, ParaZero has also strengthened its board of directors. Mr. Natan Israeli, a Brig. Gen. (Res.) and former leader of a UAV squadron in the Israeli Air Force, joined the board on December 11, 2024. Mr. Israeli's appointment underscores ParaZero's commitment to expanding its military and defense market presence [2].
Specialist Advisors
ParaZero has also appointed several specialist advisors to leverage their extensive networks in defense and homeland security. Mr. Nir Ben Moshe, former senior director in the Israeli Ministry of Defense, joined the company as a specialist advisor on December 21, 2023. Mr. Cameron Chell, a seasoned executive with over 25 years of experience in the technology industry, joined ParaZero as an advisor on November 1, 2023 [3].
Strategic Partnerships and Market Expansion
ParaZero has also been expanding its market reach through strategic partnerships and successful field trials. In August 2025, the company received a purchase order for its advanced Counter-Unmanned Aerial Systems (C-UAS) solution from a defense entity, highlighting its growing presence in the defense market [4]. Additionally, ParaZero's DefendAir system successfully completed a field trial, showcasing its advanced drone defense capabilities [5].
Financial Performance
ParaZero's preliminary unaudited results for the first six months of 2025 indicate revenue growth. The company reported revenues of approximately $350,000 compared to $283,000 for the same period in 2024. Cash and cash equivalents as of June 30, 2025, stood at approximately $4.8 million, down from $5.3 million on June 30, 2024 [6].
References
[1] https://quantisnow.com/company/PRZO
[2] https://quantisnow.com/company/PRZO
[3] https://quantisnow.com/company/PRZO
[4] https://quantisnow.com/company/PRZO
[5] https://quantisnow.com/company/PRZO
[6] https://quantisnow.com/company/PRZO
Ainvest News articles are AI-generated using advanced large language model (LLM) technology designed to analyze and synthesize publicly available data and news. While AI tools assist in producing initial drafts and insights, all AI generated content published on Ainvest is subject to comprehensive human editorial review before publication. A designated human editor reviews, verifies, and approves each article for factual accuracy, coherence, and compliance with AInvest Fintech Inc’s editorial and disclosure standards.
Despite these review procedures, the information provided may still contain inaccuracies, incomplete data, or time sensitive references due to the inherent limitations of AI generated analysis and evolving changes. The material is provided strictly for informational and educational purposes and does not constitute personalized investment, legal, or financial advice. Readers should independently verify all facts, figures, and statements before making any decision based on this content.
AInvest Fintech Inc. its affiliates, and partners accept no liability or responsibility for any direct or consequential losses arising from reliance on this content. All articles and analyses are subject to revision, update, or removal without prior notice to maintain accuracy and integrity in our publications.
Comments
No comments yet