ParaZero Technologies Ltd. announced a reseller agreement with Lella Kentonis Investment Co. Limited to bring its DefendAir counter‑UAS net‑launching platform to Cyprus. The announcement was made on January 15 2026, marking the company’s first formal entry into the Eastern Mediterranean.
Under the deal, Lella Kentonis will hold exclusive rights to distribute and integrate DefendAir for Cypriot defense and homeland security agencies. The partner specializes in tactical gear and homeland security equipment and has procurement experience with Cypriot defense agencies, positioning it to navigate local procurement processes efficiently.
Cyprus faces growing drone‑related security threats, with a history of failed tenders and testing issues for anti‑drone systems. The agreement allows ParaZero to address a critical gap in the island’s defense capabilities and to tap into a market that has struggled to secure effective counter‑drone solutions.
Strategically, the partnership extends ParaZero’s NATO‑aligned distribution network and creates a new revenue channel, aligning with the company’s broader defense pivot. It also opens the door to further contracts in neighboring markets such as Greece, Israel, and the broader Eastern Mediterranean.
While the financial terms of the agreement were not disclosed, the partnership is expected to contribute to ParaZero’s defense revenue growth. In H1 2025, the company reported increased sales but a decline in gross profit and a net loss, driven by higher R&D expenses. The new deal may help offset these headwinds by diversifying revenue sources and strengthening the defense segment’s resilience.
CEO Ariel Alon said, “We are excited to partner with Lella Kentonis to bring our proven counter‑UAS technologies to Cyprus.” He added that the partnership will accelerate adoption of DefendAir in a region with heightened drone threats and that ParaZero is positioning itself for broader expansion in the Eastern Mediterranean.
Cyprus has limited domestic counter‑drone options, and the market is open to foreign solutions. ParaZero’s net‑launching technology differentiates it from electronic warfare approaches, giving it a competitive edge in a market that has struggled to secure reliable anti‑drone systems.
The agreement does not alter ParaZero’s current guidance, but it signals confidence in the company’s ability to win contracts in NATO‑aligned markets. The partnership may strengthen ParaZero’s foothold in the region and support its broader strategy to grow its defense portfolio.
The content on BeyondSPX is for informational purposes only and should not be construed as financial or investment advice. We are not financial advisors. Consult with a qualified professional before making any investment decisions. Any actions you take based on information from this site are solely at your own risk.