Former Director of Security of the Israeli Defense Establishment Nir Ben Moshe Joining ParaZero
December 21 2023 - 7:18AM
ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company” or
“ParaZero”), an aerospace company focused on drone safety systems
for commercial drones and urban air mobility aircraft, announced
today the appointment of Nir Ben Moshe, former senior director in
the Israeli Ministry of Defense as a specialist advisor to advance
the Company’s technology in the global defense market.
In his role as a specialist advisor, Mr. Ben Moshe will utilize
his network to tap into defense and homeland security unmanned
aerial platforms, loitering munitions, and other cutting-edge
military applications that can benefit from ParaZero's
technologies.
Mr. Ben Moshe is a senior executive with experience managing
large-scale, highly sensitive national security operations,
including hundreds of staff and significant budgets, around the
world. In his last position, Ben Moshe served as a director in the
Directorate of Security for the Defense Establishment (DSDE) in
Israel. In that position, Mr. Ben Moshe was responsible for the
security of the Ministry of Defense, Israeli defense industries,
defense R&D organizations and defense manufacturers, and also
managed a yearly budget of hundreds of millions of dollars.
Boaz Shetzer, CEO of ParaZero, commented, “We are honored to
welcome Mr. Nir Ben Moshe to ParaZero. His distinguished career and
extensive experience in managing large-scale national security
operations bring invaluable insights to our team. With his profound
knowledge and network within defense and homeland security sectors,
we are confident in his ability to drive the advancement of
ParaZero's technology in global markets."
About ParaZero Technologies
ParaZero ( https://parazero.com/ ) is a world-leading
developer of autonomous parachute safety systems for commercial
drone and urban air mobility (UAM) aircraft. Started in 2014 by a
passionate group of aviation professionals and drone industry
veterans, ParaZero designs smart, autonomous parachute safety
systems designed to enable safe flight operations overpopulated
areas and beyond-visual-line-of-sight (BVLOS).
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 the advancement of its
technology in global markets. Forward-looking statements are not
historcal 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 final prospectus (Registration No.
333-265178) dated July 26, 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 contents of
third-party websites.
Investor Relations Contact:
Michal Efraty Investor Relations, Israel +972-(0)52-3044404
michal@efraty.com
ParaZero Technologies Ltd. | 30 Dov Hoz, Kiryat
Ono, Israel 5555626 P: +972-36885252 |
E: contact@parazero.com | F: +972-3-688-5246
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