SafeAir uses independent sensors to constantly monitor and analyze the drone’s flight data and flight patterns. Critical drone failures are immediately identified triggering a series of safety measures at unmatched speed:
Power to motors is terminated to avoid laceration injuries and entanglement in the parachute’s cords.
A parachute is activated aided by a patented ballistic parachute launcher to fully open the canopy in a fraction of a second.
Audio warning buzzer warns bystanders below about incoming danger from above giving them ample time to move out of harm’s way.
Saved by the parachute the drone is brought safely to ground avoiding injuries to bystanders and damage to equipment and payload.
Post-flight report is created to analyze the incident using data stored in the black box.
Experts that Lead the Drone Revolution
ParaZero Drone Safety Solutions was founded in 2014 in Be’er Sheva, Israel. The company was founded by a passionate group of aviation professionals, together with veteran drone operators, to solve the industry’s primary challenge – safety.
The emerging world of drones, also known as uncrewed aircraft systems (UAS), is changing many commercial fields, and the potential of UAS are being applied in ways never thought possible. Since UAS are increasingly present in various commercial applications, safety has become a serious consideration for operators and regulators.
ParaZero’s vision is to use the SafeAir drone safety technology to unlock the full potential of the commercial UAS industry through enhancing operational safety, mitigating risk, and enabling organizations to benefit from regulatory approvals for advanced UAS use cases, including drone delivery, operations over people, and beyond visual line of sight (BVLOS) operations.
UAS Operations Over People
For commercial operators, the ability to operate over, or close to people, is critical as it opens new verticals and business opp's that were previously unattainable.
The FAA, EASA, Transport Canada, and other aviation regulators around the world have indicated that parachute systems that comply with ASTM F3322-18 are a good way to mitigate the risk of operations in urban environments. ParaZero currently offers off-the-shelf ASTM F3322-18 compliant parachute systems for the DJI Mavic 2, Phantom 4, DJI Matrice 200, and DJI Matrice 300 RTK. Additionally, ParaZero has performed numerous testing and certification protocols across a myriad of international standards and civil aviation authority requirements.
ParaZero Helps Customers Achieve Advanced Use Case Approvals
Since 2019, 125 U.S. organizations have secured FAA operational waivers (107.39), granting operations over people to companies using drones fitted with ParaZero’s SafeAir system parachute technology. These waivers enable organizations to conduct critical drone flight operations with an expanded legal flight envelope, allowing the capture of better and more precise data, imaging, and aerial intelligence.
After ParaZero launched its SafeAir system in the U.S. and Canada, companies utilizing the technology swiftly secured FAA and Transport Canada authorizations for a variety of complex use cases, including Hensel Phelps (construction), CNN (newsgathering), Verizon (media), the Huntington Beach Police Department (public safety), the Georgia Department of Transportation (critical infrastructure inspection), Chicago Police Department (public safety), and the Regents of the University of California (inspection.)
ParaZero’s success in helping customers secure expanded operational approvals sets a clear precedent with regulatory bodies around the world, potentially opening up new opp's for more businesses to use the SafeAir system to meet their operational needs.
Read more company details here.
As mentioned above, PRZO has several potential breakout catalysts to focus on right now. Check them out:
No. 1 PRZO Potential Catalyst - The Potential For Volatility Could Be Significant Based On A Low Float
According to the Yahoo Finance website, PRZO has a very low float.
The website reports this profile to have approximately 2.15Mn shares in its float.
Why is that important? It's important on one crucial level. Volatility.
Could positive company news early this year help provide a near term spark?
No. 2 PRZO Potential Catalyst - Company Expands Market Reach With Launch Of New, Unique Safety System
ParaZero Enhances Drone Safety with SafeAir for New DJI Model
ParaZero continues to expand its compatibility with popular drone systems with the release of the SafeAir M30 Pro, a unique safety system for the DJI M30
Tel Aviv, Israel, Aug. 29, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, continues the expand its safety systems offering for commercial drones, today announced the official release of the SafeAir M30 Pro, a parachute system designed for DJI's newest enterprise drone, DJI M30.
ParaZero’s SafeAir M30 Pro is a drone parachute recovery system that mitigates flight risks autonomously. The SafeAir system is equipped with integrated sensors that continuously monitor and analyze the drone’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 drone, alerts people on the ground with an audible alarm, and deploys a lightweight parachute, bringing the drone to the ground in a safe, controlled descent.
“We continue to expand our market reach by adding new compatible SafeAir systems for popular drone models. Our consumer product line includes more than 10 models, offering our customers with advance safety system, insuring the safety of their surroundings as well as their own drone," commented Boaz Shetzer, Chief Executive Officer of ParaZero.
Read the full article here.
No. 3 PRZO Potential Catalyst - New Development Agreement Struck With Leading Colombia-based Drone OEM, Black Square
ParaZero Signs New Development Agreement with Latin American Drone Manufacturer Black Square
ParaZero continues to strengthen its market position throughout Latin America
Tel Aviv, Israel, Aug. 17, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) ("ParaZero"), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, today announced its further expansion into the Latin American drone market with a new development agreement with Colombia-based drone OEM, Black Square, an industrial drone producer leader in the region that focuses on enterprise drone platforms.
Black Square's decision to integrate ParaZero's patented parachute technology underscores the importance of safety in advanced drone operations.
Black Square CEO, Juan Manuel Gonzalez, stated: “Adding rescue systems to our Hercules X4 and Hercules X8 heavy lift drone’s family was a necessary step to enhance our platform safety as well as expand the case uses for our platforms and customers. To guarantee the success of this move, we know for sure that we have to do it hand by hand with the best. For that reason, we choose ParaZero to join us in this journey.”
"Latin America represents a growing market for commercial drone applications, and our collaboration with Black Square solidifies our commitment to promoting safety across the commercial drone and urban air mobility ecosystem in the region," said Boaz Shetzer, Chief Executive Officer of ParaZero. "Having recently facilitated groundbreaking operational approvals in Latin America with our technology, we're eager to further our presence and deepen our ties in Latin America, and we look forward to our new partnership with the very talented team at Black Square."
Read the full article here.
No. 4 PRZO Potential Catalyst - Orders Start To Mount For PRZO's Game-Changing Products
This month, PRZO dropped two huge announcements in regards to product orders. Check them out:
8/7/23: ParaZero Receives Second Order from One of the World’s Largest Automotive Manufacturers
The repeat order is for a custom safety solution for the Fortune 500 automotive manufacturer’s proprietary drone program
Tel Aviv, Israel, Aug. 07, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, announced today that it has received a second order for its custom safety system for drones by one of the world’s largest automotive manufacturers.
“We are excited about this significant order from a top-tier automotive manufacturer. This collaboration underscores the industry’s trust in our cutting-edge drone safety systems. We see this as a testament to our unwavering commitment to innovation and safety. As we venture further into this exciting partnership, it solidifies ParaZero’s position at the forefront of drone safety technology, catering to diverse industries, including the dynamic world of automotive manufacturing.” - Boaz Shetzer, Chief Executive Officer of ParaZero.
8/1/23: ParaZero Receives Order From an Air Taxi and Cargo Drone Solutions Company
Tel Aviv, Israel, Aug. 01, 2023 (GLOBE NEWSWIRE) -- 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 continuing 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.
No. 5 PRZO Potential Catalyst - A Ton Of Exposure Brought To The Company As PRZO Joins The Nasdaq Capital Market
ParaZero Technologies Ltd. Announces Closing of $7.8Mn Initial Public Offering
KIRYAT ONO, ISRAEL, July 31, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (“ParaZero” or the “Company”) today announced the closing of its initial public offering of 1,950,000 ordinary shares at a price to the public of $4.00 per share. The gross proceeds of the offering, before deducting underwriting discounts and commissions and other offering expenses, were $7.8Mn.
The ordinary shares began trading on The Nasdaq Capital Market on July 27, 2022, under the symbol “PRZO.”
Read the full article here.
PRZO Recap - The Top 5 Potential Breakout Catalysts To Focus On Now
No. 1 - The Potential For Volatility Could Be Significant Based On A Low Float
No. 2 - Company Expands Market Reach With Launch Of New, Unique Safety System
No. 3 - New Development Agreement Struck With Leading Colombia-based Drone OEM, Black Square
No. 4 - Orders Start To Mount For PRZO's Game-Changing Products
No. 5 - A Ton Of Exposure Brought To The Company As PRZO Joins The Nasdaq Capital Market
Coverage is officially initiated on PRZO. When time allows, do this: