ParaZero Technologies Ltd., an aerospace company specializing in drone safety systems, has announced a strategic collaboration with Draganfly Inc., a pioneer in commercial drone technology. The partnership, revealed on April 25, 2024, involves integrating ParaZero's advanced safety technology into Draganfly's Commander 3XL drones. This integration is expected to enhance the safety and reliability of unmanned aerial vehicles (UAVs) in critical applications such as emergency operations and home hospital delivery services. The technology will be utilized in projects like Mass General Brigham's Home Hospital and Squamish Search and Rescue, improving the efficiency and safety of medical deliveries and search and rescue missions in challenging environments. ParaZero's CEO, Boaz Shetzer, emphasized the shared vision for safer and more efficient UAV operations...Show More

ParaZero Technologies Ltd., an aerospace company specializing in drone safety systems, has announced a strategic collaboration with Draganfly Inc., a pioneer in commercial drone technology. The partnership, revealed on April 25, 2024, involves integrating ParaZero's advanced safety technology into Draganfly's Commander 3XL drones. This integration is expected to enhance the safety and reliability of unmanned aerial vehicles (UAVs) in critical applications such as emergency operations and home hospital delivery services. The technology will be utilized in projects like Mass General Brigham's Home Hospital and Squamish Search and Rescue, improving the efficiency and safety of medical deliveries and search and rescue missions in challenging environments. ParaZero's CEO, Boaz Shetzer, emphasized the shared vision for safer and more efficient UAV operations in emergency and medical response scenarios. Draganfly's CEO, Cameron Chell, also highlighted the importance of safety in expanding UAV capabilities for critical missions. The press release includes forward-looking statements regarding the anticipated benefits of the collaboration, and it is incorporated by reference into ParaZero's Registration Statement on Form S-8 filed with the SEC.