ParaZero Receives Order From an Air Taxi and Cargo Drone Solutions Company
01 8월 2023 - 10:00PM
ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an
aerospace company focused on drone safety systems for commercial
drones and urban air mobility aircraft, today announced a purchase
order received by an autonomous aerial vehicles OEM (Original
Equipment Manufacturer) (“OEM”), based in the United Arab Emirates
(“UAE”). The OEM focuses on air taxi and cargo drone
solutions.
“This purchase order from an innovative air taxi
and cargo drone solutions company in the UAE is a testament to our
unwavering dedication to safety for the commercial drone and urban
air mobility ecosystem. We look forward to continue seeing our
safety technology deployed globally as countries around the world
integrate drones and air taxis into their national airspace”
commented Boaz Shetzer, Chief Executive Officer of ParaZero.
ParaZero’s SafeAir is a drone and air taxi parachute safety
system that mitigates flight risks autonomously. The SafeAir system
is equipped with integrated sensors that continuously monitor and
analyze the aircraft’s flight patterns to identify any indications
of a critical failure. When triggered, the SmartAir Pro™,
ParaZero’s onboard computer, responds with an instantaneous
activation of the SafeAir system. The system cuts power to the
aircraft, alerts people on the ground with an audible alarm, and
deploys a ballistic parachute, bringing the aircraft to the ground
in a safe, controlled descent.
Equipped with ParaZero’s patented parachute technology,
organizations and operators around the world have received
regulatory approvals for advanced operations, including autonomous
flight beyond visual line of sight (BVLOS), operations over people
(OOP), operations in densely populated areas, and drone delivery,
by providing a robust safety solution to mitigate ground risk in
the event of an emergency.
About ParaZero TechnologiesParaZero
( 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 over populated areas and
beyond-visual-line-of-sight (BVLOS).
Forward-Looking StatementsThis 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, the Company is using forward-looking statements when it
discusses fulfilling purchase orders and seeing its safety
technology deployed globally as countries around the world
integrate drones and air taxis into their national airspace.
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 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 EfratyInvestor
Relations, Israel+972-(0)52-3044404michal@efraty.com
ParaZero Technologies (NASDAQ:PRZO)
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