ParaZero Technologies Ltd., listed on NASDAQ under PRZO and based in Kfar Saba, Israel, announced a non‑binding memorandum of understanding (MOU) with ThirdEye Systems Ltd., a Tel Aviv Stock Exchange‑listed company (THES). The agreement sets a framework to explore an integrated Counter‑UAS solution that merges ParaZero’s DefendAir net‑based physical interception technology with ThirdEye’s AI‑enabled detection and sensor capabilities.
Both firms, founded in 2014 (ParaZero) and 2010 (ThirdEye), operate in the defense and security sector. The proposed system would cover detection, identification, threat analysis, engagement management and physical interception of hostile drones. The initial application will focus on protecting armored vehicle platforms, with potential expansion to critical infrastructure and strategic sites.
The MOU is non‑binding and contingent on the execution of definitive documentation; it does not obligate either party to proceed with development or commercialization. ParaZero CEO Ariel Alon emphasized the need for an integrated approach to safeguard assets from evolving drone threats, while ThirdEye CEO Lior Segal described the collaboration as a "significant force multiplier" for both companies and their customers.
If finalized, the joint solution could enhance the defensive capabilities of military and security operators seeking comprehensive counter‑drone coverage, combining physical nets with advanced AI‑driven threat assessment.
