07:53 AM EST, 11/29/2024 (MT Newswires) -- ParaZero Technologies ( PRZO ) said Friday it received a design verification report approval from the European Union's aviation regulator for its SafeAir M-300 Pro and SafeAir M-350 Pro parachute safety kits.

The approval allows operators to use ParaZero's ( PRZO ) equipment near high-risk areas such as crowded locations, as well as in medium-risk missions, ParaZero ( PRZO ) said.

Shares of the company were up 37% in recent Friday premarket activity.