Business

ParaZero Signed Non-Binding Letter of Intent to Acquire a Company that Specializes in Counter-Drone Systems and Autonomous Drone Technologies

Proposed acquisition would bring advanced space technologies and deep-space navigation expertise into ParaZero’s innovation portfolio TEL AVIV, Israel, March 27, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an aerospace company focused on safety systems for commercial unmanned aerial systems and counter UAS systems, today announced the signing of a non-binding Letter of Intent (LOI) to acquire 100% of the issued and outstanding share capital of Lulav Space Ltd

articleParazero Technologies Ltd.March 27, 20254/company/parazero-technologies-ltd-ordinary-shares/news/parazero-signed-non-binding-letter-125500089
ParaZero Signed Non-Binding Letter of Intent to Acquire a Company that Specializes in Counter-Drone Systems and Autonomous Drone Technologies

About this update from Parazero Technologies Ltd.

[{"type":"image","alt":"ParaZero Technologies Ltd.","displaySize":"","headline":null,"caption":"ParaZero Technologies Ltd.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":61,"url":"https://media.zenfs.com/en/globenewswire.com/4ee2d8a011d273a7bf2d5c0b5ef2a0ca"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/uuFbaRyzAB0yVhmQ4hQ3QA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTg1O2NmPXdlYnA-/https://media.zenfs.com/en/globenewswire.com/4ee2d8a011d273a7bf2d5c0b5ef2a0ca","width":300,"height":61}},"lazy":false},{"type":"text","content":"Proposed acquisition would bring advanced space technologies and deep-space navigation expertise into ParaZero’s innovation portfolio ","length":138,"tagName":"p"},{"type":"text","content":"TEL AVIV, Israel, March 27, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an aerospace company focused on safety systems for commercial unmanned aerial systems and counter UAS systems, today announced the signing of a non-binding Letter of Intent (LOI) to acquire 100% of the issued and outstanding share capital of Lulav Space Ltd. (“Lulav”), a company specializing in the development of counter drone systems, AI, space-grade autonomous systems, and computer vision.","length":503,"tagName":"p"},{"type":"text","content":"Lulav Space was founded in 2021 with the goal of developing vision-based precision navigation systems for space robotics missions. Lulav specializes in advanced guidance, navigation and control technologies that integrate both software and hardware to enable autonomous systems in extreme and challenging environments. Lulav's landing system was selected as the primary navigation solution for both landers in the “Beresheet 2” lunar mission. Building on its proven capabilities and IP in space applications, Lulav has recently expanded into the defense sector, developing counter-drone systems and autonomous drone technologies. Its flagship products include:","length":664,"tagName":"p"},{"type":"text","content":"●   Advanced Guidance KitA platform-agnostic module that can be integrated into most drones, enabling autonomous kinetic interception of drone swarms.●   Autonomous Navigation KitA GPS-independent system combining EO/IR sensors with a Visual-Inertial SLAM algorithm, enabling autonomous operation of aerial platforms in GPS-...

More updates from Parazero Technologies Ltd.

ParaZero Technologies Ltd.autonomous systemssafety systemsprecision navigation systemsForward-Looking Statementscapabilitiesunmanned aerial systemsaerial systems