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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