Aerospace Shares Catch Strong Premarket Bid

By: Tomas Ronolski - AllPennyStocks.com News

Wednesday, December 20, 2023

An Aerospace company with a market cap of less than $10 million is turning heads on Wednesday after the company announced the successful completion of its safety solution development for a Fortune 500 leading global automotive manufacturer’s proprietary drone program.

Traders were eager to get their hands on shares of ParaZero Technologies Inc. (Nasdaq:PRZO) during Wednesday’s premarket hours, with shares currently bid up at $1.05/share (+49.98% implied open for sellers) at the time of writing. It should be an exciting session for this micro cap!

Parazero Technologies Ltd is an Israel-based aerospace company that is primarily focused on drone safety systems and engaged in the business of designing, developing, and providing autonomous parachute safety systems for commercial drones, also known as unmanned aerial systems (UAS). The Company's patented technology SafeAir is designed to protect hardware, people, and payload in the event of an in-flight failure. Company's SafeAir system is a smart parachute system that monitors UAS flight in real-time, identifies critical failures, and autonomously triggers a parachute in the event of an emergency. The Company has forged partnerships all around the world, including India, South Korea, the United States, Latin America, and Europe.

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