ParaZero Ramps Up Partnership with US-Based Autonomous Drone OEM Vayu Aerospace Corporation
2024年2月20日 - 11:05PM
ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company” or
“ParaZero”), an aerospace company focused on drone safety systems
for commercial drones and urban air mobility aircraft, announced
today it has expanded its collaboration with Vayu Aerospace
Corporation ("Vayu"), a US-based drone original equipment
manufacturer (OEM) and subsidiary of Alpine 4 Holdings Nasdaq
(ALPP).
The two companies worked together over the past two years
enhancing safety solutions for Vayu’s commercial and military
vertical take-off and landing (VTOL) aircraft. According to
Research and Markets the global market for VTOL unmanned aerial
vehicles is projected to reach a size of $27.5 Billion by 2030,
growing at a CAGR of 19.9% between 2022 and 2030. With this
new collaboration, ParaZero will customize its SafeAir system to be
integrated at the design stage of Vayu's G-1MKII VTOL
aircraft. The two companies also have performance-based
regulatory compliance testing and validation planned for the near
future to unlock a range of use cases for Vayu’s global
customers.
Boaz Shetzer, Chief Executive Officer of ParaZero commented, “We
are glad to strengthen our partnership with Vayu, an innovator in
autonomous drone technology. We have many successes from around the
world in aiding our customers to achieve regulatory approvals for
advanced operations using our SafeAir parachute systems. As
we move forward integrating our SafeAir system from the design
stage of Vayu's cutting-edge VTOLs, we are setting new standards in
drone safety and functionality.”
Kent Wilson, Chief Executive Officer of Alpine 4 and Vayu
Aerospace commented, “We at Alpine 4 and Vayu Aerospace are
thrilled to partner with ParaZero, a leader in aviation safety
solutions. Incorporating their parachute system into our G-1 and
US-1 platforms signifies a monumental step forward in ensuring the
utmost safety of our operations. This feature is not just an
enhancement; it is a fundamental component that underlines our
commitment to safe, reliable, and efficient aerial solutions.
Further, it is a pivotal integration for our sister company, Global
Autonomous Corporation, to achieve Beyond Visual Line of Sight
(BVLOS) flight permissions from the Dubai Civil Aviation Authority
(DCAA) and within Dubai, UAE.”
Nathan Grier, Director of Flight Operations of Vayu, commented,
"Our mission is to push the boundaries of aerial innovation and
safety, ensuring that our operations not only meet, but exceed the
stringent standards set forth by regulatory bodies worldwide.
Our partnership with ParaZero is a testament to this commitment.
Their unparalleled experience with EASA certifications positions us
uniquely for the successful completion of Global Autonomous
Corporation's Validation Test Campaign in Dubai and paves the way
for our future EASA certifications in Europe. Integrating
ParaZero's SafeAir systems into our fleet signifies a leap forward
in operational safety and regulatory compliance, enabling us to
undertake complex operations with confidence.”
ParaZero’s SafeAir is an uncrewed aircraft system (UAS)
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 down
to the ground in a safe, controlled descent.
About ParaZero Technologies
ParaZero (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 overpopulated
areas and beyond-visual-line-of-sight (BVLOS).
About Vayu Aerospace
Vayu Aerospace Corporation is a wholly owned subsidiary of
Alpine 4 Holdings, Inc, a Nasdaq traded company trading under the
ticker symbol ALPP. Vayu Aerospace resides under Alpine 4’s
Aerospace portfolio of businesses.
https://alpine4.com/ https://vayuaerospace.com/
Forward-Looking Statements
This 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, ParaZero is using
forward-looking statements when it discusses setting new standards
in drone safety and functionality. 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 made 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 content of third-party
websites.
Investor Relations Contact:
Michal Efraty Investor Relations, Israel +972-(0)52-3044404
michal@efraty.com
ParaZero Technologies Ltd. | 30 Dov Hoz, Kiryat
Ono, Israel 5555626 P: +972-36885252 |
E: contact@parazero.com | F: +972-3-688-5246
ParaZero Technologies (NASDAQ:PRZO)
過去 株価チャート
から 4 2024 まで 5 2024
ParaZero Technologies (NASDAQ:PRZO)
過去 株価チャート
から 5 2023 まで 5 2024