12:55 PM EST, 01/17/2025 (MT Newswires) -- ParaZero Technologies ( PRZO ) said Friday it obtained official approval from Israel's Defense Export Controls Agency, part of the Ministry of Defense, to market its High-Altitude Low-Opening, or HALO, Precision Airdrop System.

The system is designed to transform drone-based logistical support by enabling the delivery of supplies. Utilizing ParaZero's ( PRZO ) advanced parachute technology, HALO provides an innovative solution to support military operations and emergency response teams.

ParaZero ( PRZO ) said it will proceed to the next development phase following this approval, focusing on refining the technology for operational deployment in military and humanitarian scenarios.

Shares of ParaZero ( PRZO ) were up more than 16% in recent trading.

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