UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16
under the Securities Exchange Act of 1934
For the month of November 2024
Commission file number: 001-41760
ParaZero Technologies Ltd.
(Translation of registrant’s name into English)
1 Hatachana Street
Kfar Saba, 4453001, Israel
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual
reports under cover of Form 20-F or Form 40-F.
Form 20-F ☒ Form
40-F ☐
CONTENTS
Attached hereto and incorporated herein is the Registrant’s press
release issued on November 18, 2024, titled “ParaZero Received Regulatory Approval in Europe for its Drone Safety System.”
The first, second, third, fourth and fifth of the press release attached
to this Form 6-K as Exhibit 99.1 are incorporated by reference into the Registrant’s Registration Statements on Form S-8
(File No. 333-278268) and Form F-3 (File Nos. 333-281443 and 333-275351), filed with the Securities and Exchange Commission,
to be a part thereof from the date on which this report is submitted, to the extent not superseded by documents or reports subsequently
filed or furnished.
EXHIBIT INDEX
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
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ParaZero Technologies Ltd. |
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Date: November 18, 2024 |
By: |
/s/ Boaz Shetzer |
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Name: |
Boaz Shetzer |
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Title: |
Chief Executive Officer |
Exhibit
99.1
ParaZero
Received Regulatory Approval in Europe for its Drone Safety System
ParaZero’s
SafeAir M-300/ M-350 Pro parachute systems comply with key safety requirements, enabling drone operators to enhance their operational
scope
Tel
Aviv, Israel, Nov. 18, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the “Company” or “ParaZero”),
an aerospace company focused on safety systems for defense and commercial drones and urban air mobility aircraft, announces that it has
received the Design Verification Report (DVR) approval from the European Union Aviation Safety Agency (EASA) for its SafeAir M-300 Pro
and SafeAir M-350 Pro parachute safety kits. This approval adds to ParaZero’s portfolio of previously granted approvals from the
Federal Aviation Administration (FAA), alongside additional territories.
The
EASA DVR confirms that ParaZero’s SafeAir M-300/ M-350 Pro parachute systems comply with key safety requirements, enabling drone operators
to enhance their operational scope under the Specific Operations Risk Assessment (SORA) process. The approval allows operators to:
Fulfill
the ‘Enhanced Containment’ Requirement: The SafeAir systems meet compliance with the Light-UAS.2511 standard, offering robust
flight termination capabilities that provides an additional safety layer when operating near high-risk areas such as crowded locations
or critical airspaces.
Reduce
Ground Risk Class by One Point: The systems also comply with the Light-UAS.2512 standard for impact mitigation. This reduction
in the rated Ground Risk Class grants operators more flexibility in executing medium-risk missions, including those beyond visual line
of sight and near populated areas.
EASA’s
stamp of approval strengthens ParaZero’s technology as a trusted solution for drone operations throughout Europe, ensuring safer,
more versatile missions for commercial operators.
“This
certification reinforces our dedication to safety and innovation in the drone industry,” said Boaz Shetzer, CEO at ParaZero. “With
the DVR, operators can now conduct more complex missions with greater confidence, shortening the approval process and expanding their
operational capabilities.”
About ParaZero Technologies
ParaZero
(Nasdaq: PRZO) is a leading developer of autonomous parachute safety systems technologies for commercial and military platforms as well
as for urban air mobility (UAM) aircraft. Started in 2014 by a passionate group of aviation professionals and drone industry veterans,
ParaZero develops and manufactures smart, autonomous parachute safety systems designed to enable safe flight operations over populated
areas and beyond-visual-line-of-sight (BVLOS) as well as for various military applications including Counter UAS. For more information
about ParaZero, please visit https://parazero.com/
Forward-
looking statements
This
press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and
other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,”
“seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking
statements. For example, ParaZero is using forward-looking statements when it discusses its dedication to safety and innovation in the
drone industry. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs
and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in
good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual
results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are
subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking
statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s
reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks
detailed in the Company’s annual report on From 20-F for the year ended December 31, 2023. Forward- looking statements speak only
as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results,
subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to
the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should
be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References
and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference
into this press release. ParaZero is not responsible for the content of third-party websites.
Investor
Relations Contact:
Michal
Efraty
Investor Relations
michal@efraty.com
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