ParaZero Technologies Ltd., an aerospace company specializing in drone safety systems, has announced on May 28, 2024, that it received a purchase order from a UAE-based manufacturer of heavy-lift cargo drones. The order involves the development and supply of ParaZero's advanced SafeAir™ safety systems, which are designed to enhance the safety of unmanned aircraft systems (UAS) and electric vertical takeoff and landing (eVTOL) aircraft. The SafeAir system includes integrated sensors and an autonomous parachute recovery system that mitigates flight risks. The system is activated by ParaZero's SmartAir Pro™ onboard computer in case of critical failure, cutting power to the drone, alerting people on the ground, and deploying a parachute for a safe descent. This partnership underscores ParaZero's...Show More

ParaZero Technologies Ltd., an aerospace company specializing in drone safety systems, has announced on May 28, 2024, that it received a purchase order from a UAE-based manufacturer of heavy-lift cargo drones. The order involves the development and supply of ParaZero's advanced SafeAir™ safety systems, which are designed to enhance the safety of unmanned aircraft systems (UAS) and electric vertical takeoff and landing (eVTOL) aircraft. The SafeAir system includes integrated sensors and an autonomous parachute recovery system that mitigates flight risks. The system is activated by ParaZero's SmartAir Pro™ onboard computer in case of critical failure, cutting power to the drone, alerting people on the ground, and deploying a parachute for a safe descent. This partnership underscores ParaZero's role as a leading developer of autonomous parachute safety systems for commercial drones and urban air mobility (UAM) aircraft, aiming to enable safe flight operations over populated areas and beyond visual line of sight (BVLOS). The press release also contains forward-looking statements regarding the company's expectations, which are subject to risks and uncertainties.