Summary by Futu AI
ParaZero Technologies Ltd., an aerospace company specializing in drone safety systems, has announced on July 10, 2024, that it received the ASTM F3322-22 standard approval from the Federal Aviation Administration (FAA) for its SafeAir Mavic 3 system. This approval allows the company's drones to legally operate over people, aligning with the new FAA regulations for drones weighing under 3.5 pounds. The SafeAir system, designed for the DJI Mavic 3 Series, underwent rigorous testing by an independent third-party agency to ensure compliance with safety and performance standards. The system's autonomous trigger mechanism is designed to deploy parachutes in emergency scenarios, ensuring the safety of both the drone and the people over whom it operates. ParaZero's CEO, Boaz Shetzer, expressed the company's commitment to leading the drone market by adhering to strict regulatory standards and providing advanced safety solutions. The approval is expected to enhance the company's market position by enabling drone operators to conduct flights over populated areas and moving vehicles.