ParaZero Technologies Ltd. (NASDAQ:PRZO) shares are rising on Friday following the company’s announcement that it has received Design Verification Report (DVR) approval from the European Union Aviation Safety Agency (EASA).
This approval applies to ParaZero’s SafeAir M-300 Pro and SafeAir M-350 Pro parachute safety kits, confirming compliance with critical safety standards. The EASA DVR allows drone operators to expand their operational scope under the Specific Operations Risk Assessment (SORA) process.
The SafeAir systems comply with the Light-UAS.2511 standard and meet the ‘Enhanced Containment’ requirement, which provides robust flight termination capabilities. This provides additional safety for operations in high-risk areas, such as crowded areas or critical airspace.
Also Read: US Stocks Likely to Open in the Green to End November on a High: Are Markets Ready for a Santa Claus Rally in December? Analysts decode
In addition, the SafeAir kits meet the Light-UAS.2512 impact mitigation standard, reducing the ground risk class by one point. This reduction gives operators more flexibility when conducting medium-risk missions, such as missions beyond line of sight or in densely populated areas.
EASA’s approval strengthens ParaZero’s position as a trusted safety solution for drone operations across Europe, ensuring safer and more versatile commercial missions.
Price promotion: PRZO shares are trading 40.9% higher at $0.8999 premarket at last check Friday.
Read next:
Image: Shutterstock/Dmitry Kalinovsky.
UNLOCKED: 5 NEW ACTS EVERY WEEK. Click now to get the best trading ideas every dayplus unlimited access to cutting-edge tools and strategies to gain an edge in the markets.
Want the latest stock analysis from Benzinga?
This article Why Are Shares Of Aerospace Company ParaZero Technologies Soaring Today? originally appeared on Benzinga.com
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
