ParaZero Announces Significant Order for Drone Safety Systems from a Leading Australian Distributor
ParaZero Technologies (Nasdaq: PRZO) has received a significant order for its SafeAir™ systems from a major Australian drone technology distributor. The order follows the company's October 2023 approval from the Civil Aviation Safety Authority (CASA), which permits commercial drone flights over populated areas. The SafeAir™ system automatically detects flight anomalies and deploys parachutes to ensure safe drone operations.
This development strengthens ParaZero's presence in the Australian market, where the company has been building strategic partnerships with local distributors to make its CASA-approved safety systems more accessible. The technology enables operators to conduct advanced drone missions while maintaining compliance with safety regulations in Australia's growing drone industry.
ParaZero Technologies (Nasdaq: PRZO) ha ricevuto un ordine significativo per i suoi SafeAir™ systems da un importante distributore australiano di tecnologia per droni. L'ordine segue l'approvazione ottenuta dalla compagnia nell'ottobre 2023 da parte dell'Autorità per la Sicurezza dell'Aviazione Civile (CASA), che consente i voli commerciali dei droni su aree popolate. Il sistema SafeAir™ rileva automaticamente anomalie di volo e dispiega paracadute per garantire operazioni sicure dei droni.
Questo sviluppo rafforza la presenza di ParaZero nel mercato australiano, dove l'azienda ha costruito partnership strategiche con distributori locali per rendere i suoi sistemi di sicurezza approvati dalla CASA più accessibili. La tecnologia consente agli operatori di condurre missioni avanzate con droni, mantenendo la conformità alle normative di sicurezza nell'industria in crescita dei droni in Australia.
ParaZero Technologies (Nasdaq: PRZO) ha recibido un pedido importante para sus SafeAir™ systems de un destacado distribuidor australiano de tecnología para drones. El pedido sigue a la aprobación de la compañía en octubre de 2023 por parte de la Autoridad de Seguridad de la Aviación Civil (CASA), que permite vuelos comerciales de drones sobre áreas pobladas. El sistema SafeAir™ detecta automáticamente las anomalías de vuelo y despliega paracaídas para garantizar operaciones seguras de drones.
Este desarrollo fortalece la presencia de ParaZero en el mercado australiano, donde la empresa ha estado estableciendo asociaciones estratégicas con distribuidores locales para hacer que sus sistemas de seguridad aprobados por la CASA sean más accesibles. La tecnología permite a los operadores llevar a cabo misiones avanzadas con drones, manteniendo la conformidad con las regulaciones de seguridad en la creciente industria de drones de Australia.
ParaZero Technologies (Nasdaq: PRZO)는 호주의 주요 드론 기술 유통업체로부터 SafeAir™ systems에 대한 중요한 주문을 받았습니다. 이 주문은 2023년 10월 호주 민간 항공 안전청(CASA)으로부터 상업용 드론이 인구 밀집 지역에서 비행할 수 있도록 승인받은 후 이루어졌습니다. SafeAir™ 시스템은 비행 중 이상을 자동으로 감지하고 낙하산을 펼쳐 드론의 안전한 운영을 보장합니다.
이번 발전은 ParaZero의 호주 시장 내 입지를 강화하며, 회사는 CASA 승인 안전 시스템의 접근성을 높이기 위해 현지 유통업체와 전략적 파트너십을 구축해왔습니다. 이 기술은 운영자들이 호주에서 성장하는 드론 산업의 안전 규정을 준수하면서 고급 드론 임무를 수행할 수 있도록 합니다.
ParaZero Technologies (Nasdaq: PRZO) a reçu une commande significative pour ses SafeAir™ systems d'un important distributeur de technologie de drones en Australie. Cette commande fait suite à l'approbation de l'entreprise en octobre 2023 par l'Autorité de la sécurité de l'aviation civile (CASA), qui permet des vols commerciaux de drones au-dessus des zones peuplées. Le système SafeAir™ détecte automatiquement les anomalies de vol et déploie des parachutes pour garantir des opérations de drones en toute sécurité.
Ce développement renforce la présence de ParaZero sur le marché australien, où l'entreprise établit des partenariats stratégiques avec des distributeurs locaux afin de rendre ses systèmes de sécurité approuvés par la CASA plus accessibles. La technologie permet aux opérateurs de mener à bien des missions avancées de drones tout en respectant les réglementations de sécurité dans l'industrie des drones en pleine croissance en Australie.
ParaZero Technologies (Nasdaq: PRZO) hat einen bedeutenden Auftrag für seine SafeAir™ systems von einem großen australischen Drohnentechnologieverteiler erhalten. Der Auftrag folgt auf die Genehmigung des Unternehmens im Oktober 2023 durch die Zivilluftfahrtbehörde (CASA), die gewerbliche Drohnenflüge über besiedelten Gebieten erlaubt. Das SafeAir™-System erkennt automatisch Fluganomalien und setzt Fallschirme ein, um einen sicheren Betrieb der Drohnen zu gewährleisten.
Diese Entwicklung stärkt die Präsenz von ParaZero auf dem australischen Markt, wo das Unternehmen strategische Partnerschaften mit lokalen Vertriebsfirmen aufbaut, um seine von der CASA genehmigten Sicherheitssysteme zugänglicher zu machen. Die Technologie ermöglicht es Betreibern, anspruchsvolle Drohnenmissionen durchzuführen und dabei die Sicherheitsvorschriften in der wachsenden Drohnenindustrie Australiens einzuhalten.
- Secured significant new order from major Australian distributor
- Obtained CASA regulatory approval for flights over populated areas
- Expanding market presence in Australia through strategic partnerships
- None.
Insights
The order from an Australian distributor, while positive for market expansion, lacks important quantitative details about order size and financial impact. For a micro-cap company with a
Tel Aviv, Israel, Dec. 11, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company or “ParaZero”), an aerospace company focused on safety systems for defense and commercial drones and urban air mobility aircrafts, announced today the receipt of an order for its SafeAir™ systems from a significant distributor specializing in drones and drone technology in Australia. This order highlights ParaZero’s growing footprint in the Australian market, built on recent regulatory achievements and strategic partnerships.
ParaZero’s SafeAir™ systems are designed to autonomously detect flight anomalies and deploy a parachute, minimizing risks and ensuring safety in complex drone operations. In October 2023, ParaZero’s technology received approval from the Civil Aviation Safety Authority (CASA), enabling commercial drone flights over populated areas and near people—a landmark regulatory milestone in Australia.
Collaborating with prominent local distributors has been central to ParaZero’s success in the region. By leveraging these partnerships, ParaZero has made its CASA-approved safety systems widely accessible, empowering operators to conduct advanced and safe drone missions.
“This order from a key distributor in Australia emphasizes the trust and demand for our SafeAir™ systems,” said Boaz Shetzer, CEO of ParaZero. “Our continued collaboration with leading players in the drone ecosystem reflects our commitment to advancing safety and enabling new opportunities in the global drone industry. Australia remains a strategic market for us, and we are thrilled to see our technology adopted at scale.”
Australia’s rapidly growing drone industry benefits significantly from safety technologies like ParaZero’s, which facilitate complex operations while ensuring compliance with stringent safety regulations. This order further establishes ParaZero as a preferred partner for distributors and operators seeking cutting-edge drone safety solutions.
About ParaZero Technologies
ParaZero (Nasdaq: PRZO) is a leading developer of autonomous parachute safety systems technologies for commercial and military platforms as well as for urban air mobility (UAM) aircraft. Started in 2014 by a passionate group of aviation professionals and drone industry veterans, ParaZero develops and manufactures smart, autonomous parachute safety systems designed to enable safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS) as well as for various military applications including Counter UAS. For more information about ParaZero, please visit https://parazero.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 commitment to advancing safety and enabling new opportunities in the global drone industry. 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 annual report on From 20-F for the year ended December 31, 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 drawn 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
michal@efraty.com
FAQ
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