ParaZero, ThirdEye Sign MOU on Counter-UAS System

• ParaZero Technologies signed a non-binding MOU with ThirdEye Systems on Sept. 15, 2026.
• The MOU targets a Counter-UAS solution combining ThirdEye's detection and sensor capabilities with ParaZero's DefendAir net-based interception technology.
• Initial focus is protecting armored vehicle platforms from drone threats.
• The architecture has already been field-tested.
• ThirdEye trades as TASE: THES while ParaZero trades as Nasdaq: PRZO.

Deal Terms

ParaZero Technologies Ltd. signed a non-binding Memorandum of Understanding with ThirdEye Systems Ltd. on Sept. 15, 2026. The MOU remains subject to execution of definitive documentation.

Scope

The agreement explores development, integration and commercialization of a complete Counter-UAS solution. It combines ThirdEye's detection and sensor capabilities with ParaZero's DefendAir net-based physical interception technology. The companies will initially focus on protecting armored vehicle platforms from drone threats.

The cooperation includes creation of a complete integrated detect-to-defeat architecture covering the full Counter-UAS engagement cycle. That architecture has already been field-tested. Potential future applications include critical infrastructure, strategic sites and other sensitive assets.

Companies

ParaZero, headquartered in Kfar Saba, Israel, was founded in 2014 and describes itself as an aerospace defense company pioneering smart, autonomous solutions for the global manned and unmanned aerial systems industry. It trades on Nasdaq under the ticker PRZO. Its DefendAir product family provides controlled, non-explosive, net-based physical interception capability. ParaZero filed its Annual Report on Form 20-F with the SEC on March 26, 2026.

ThirdEye Systems, founded in 2010, specializes in edge AI applications and real-time image processing technology. The company specializes in advanced electro-optical recognition and Counter-UAS systems. It trades on the Tel Aviv Stock Exchange under the ticker THES.

Executive Comment

Our collaboration with ParaZero represents a significant force multiplier for both our company and our operational customers.

— Lior Segal, CEO of ThirdEye Systems

Protecting armored vehicles and strategic assets from evolving drone threats requires detection, decision-making, and interception capabilities to operate as one integrated system.

— Ariel Alon, CEO of ParaZero Technologies