ParaZero Partners with Drone Nerds to Expand SafeAir Systems Reach Across North America
ParaZero Technologies (Nasdaq: PRZO) has partnered with Drone Nerds, a major enterprise drone solution provider in North America, to expand the distribution of its SafeAir Parachute Recovery System. The SafeAir system autonomously detects flight risks and deploys safety measures, including parachute deployment and audible alerts. Through this partnership, Drone Nerds will offer SafeAir to its enterprise clients across various industries including public safety, agriculture, energy, and construction. The system meets ASTM standards and has received approvals from both FAA and EASA, making it suitable for BVLOS missions and operations over people.
ParaZero Technologies (Nasdaq: PRZO) ha stretto una partnership con Drone Nerds, un importante fornitore di soluzioni per droni in Nord America, per espandere la distribuzione del suo SafeAir Parachute Recovery System. Il sistema SafeAir rileva autonomamente i rischi di volo e attiva misure di sicurezza, comprese il lancio del paracadute e avvisi acustici. Attraverso questa collaborazione, Drone Nerds offrirà SafeAir ai suoi clienti aziendali in vari settori, tra cui sicurezza pubblica, agricoltura, energia e costruzione. Il sistema soddisfa gli standard ASTM e ha ricevuto approvazioni sia dalla FAA che dall'EASA, rendendolo adatto per missioni BVLOS e operazioni sopra le persone.
ParaZero Technologies (Nasdaq: PRZO) se ha asociado con Drone Nerds, un importante proveedor de soluciones de drones en América del Norte, para expandir la distribución de su SafeAir Parachute Recovery System. El sistema SafeAir detecta de manera autónoma los riesgos de vuelo y despliega medidas de seguridad, incluyendo el lanzamiento de paracaídas y alertas audibles. A través de esta asociación, Drone Nerds ofrecerá SafeAir a sus clientes empresariales en diversas industrias, incluyendo seguridad pública, agricultura, energía y construcción. El sistema cumple con los estándares ASTM y ha recibido aprobaciones tanto de la FAA como de la EASA, haciéndolo adecuado para misiones BVLOS y operaciones sobre personas.
ParaZero Technologies (Nasdaq: PRZO)는 북미의 주요 드론 솔루션 제공업체인 Drone Nerds와 협력하여 SafeAir 낙하산 회수 시스템의 유통을 확대합니다. SafeAir 시스템은 비행 위험을 자율적으로 감지하고 낙하산 전개 및 경고음과 같은 안전 조치를 실행합니다. 이 파트너십을 통해 Drone Nerds는 공공 안전, 농업, 에너지 및 건설 등 다양한 산업의 기업 고객에게 SafeAir를 제공합니다. 이 시스템은 ASTM 기준을 충족하며 FAA와 EASA의 승인을 받아 BVLOS 임무와 인명 위에 대한 작업에 적합합니다.
ParaZero Technologies (Nasdaq: PRZO) a établi un partenariat avec Drone Nerds, un important fournisseur de solutions de drones en Amérique du Nord, pour étendre la distribution de son SafeAir Parachute Recovery System. Le système SafeAir détecte de manière autonome les risques de vol et met en œuvre des mesures de sécurité, y compris le déploiement d'un parachute et des alertes sonores. Grâce à ce partenariat, Drone Nerds proposera SafeAir à ses clients professionnels dans divers secteurs tels que la sécurité publique, l'agriculture, l'énergie et la construction. Le système répond aux normes ASTM et a reçu des autorisations de la part de la FAA et de l'EASA, le rendant adapté aux missions BVLOS et aux opérations au-dessus de personnes.
ParaZero Technologies (Nasdaq: PRZO) hat eine Partnerschaft mit Drone Nerds, einem führenden Anbieter von Drohnenlösungen in Nordamerika, geschlossen, um die Verbreitung seines SafeAir Fallschirm-Rückholsystems auszubauen. Das SafeAir-System erkennt autonom Flugrisiken und setzt Sicherheitsmaßnahmen um, einschließlich des Auslösens des Fallschirms und akustischer Warnungen. Durch diese Partnerschaft wird Drone Nerds SafeAir seinen Unternehmensklienten aus verschiedenen Branchen wie öffentliche Sicherheit, Landwirtschaft, Energie und Bauwesen anbieten. Das System erfüllt die ASTM-Standards und hat sowohl von der FAA als auch von der EASA Genehmigungen erhalten, was es für BVLOS-Missionen und Operationen über Menschen geeignet macht.
- Partnership with major North American drone solution provider expands market reach
- SafeAir system has obtained FAA and EASA approvals
- Product meets ASTM safety certifications
- None.
Insights
This partnership with Drone Nerds represents a strategic distribution expansion that could significantly enhance ParaZero's market penetration in North America. The collaboration with one of the largest enterprise drone solution providers opens access to a diverse customer base across critical sectors like public safety, agriculture, energy and construction.
The SafeAir system's certifications from both FAA and EASA, along with ASTM compliance, position it favorably in the regulatory landscape, particularly for advanced operations like BVLOS and flights over people. However, while this partnership shows promise for expanded market reach, the immediate revenue impact remains uncertain without disclosed financial terms or specific sales targets.
The drone safety systems market is projected to grow substantially with increasing commercial drone adoption, but ParaZero faces competition from other safety solution providers. The company's current market cap of
Tel Aviv, Israel, Nov. 26, 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 aircraft, announced today that it has partnering with Drone Nerds Inc., one of North America’s largest enterprise drone solution providers. This collaboration marks a significant step forward in making ParaZero’s innovative SafeAir Parachute Recovery System accessible to enterprise customers across industries as the Company expands its reach across in North America.
The ParaZero SafeAir System is designed to autonomously detect and mitigate flight risks in real-time. The system empowers drone operators with a robust safety solution to ensure mission continuity, even in the most complex operational environments.
By integrating flight pattern monitoring and autonomous response mechanisms, including parachute deployment and audible alerts, the SafeAir system safeguards people, property and valuable drone assets. Through this partnership, Drone Nerds will introduce SafeAir to a broader customer base, enhancing operational safety and compliance for enterprise users.
Boaz Shetzer, CEO of ParaZero, commented: " Our partnership with Drone Nerds is a major milestone for ParaZero as we continue to expand our footprint in North America. We believe that Drone Nerds’ extensive reach and commitment to excellence align perfectly with our mission to elevate drone safety standards and enable advanced UAS operations including Operation Over People and BVLOS."
Drone Nerds, known for its unparalleled expertise in drone solutions, will offer the SafeAir System across its expansive network of enterprise clients, serving industries such as public safety, agriculture, energy, and construction.
"As part of our commitment to providing innovative solutions, we’re thrilled to introduce SafeAir to our lineup," stated Jeremy Schneiderman, CEO of Drone Nerds. "This technology gives operators the assurance they need to safely scale their drone missions and explore new possibilities, even in challenging environments."
SafeAir is recognized globally for meeting the highest safety certifications, including ASTM standards, and earning approvals from both the FAA and EASA. These accolades position the system as an essential tool for enterprises seeking to scale drone operations, from BVLOS (Beyond Visual Line of Sight) missions to operations over people and drone delivery.
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 develope and manufacture 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/
About DroneNerds
Established in 2014, Drone Nerds focuses on ensuring its customers have the right UAV solution for their unique operational needs. With its proprietary Always Flying™ program, Drone Nerds provides reliability and assurance for enterprise implementations across industry verticals, including public safety, government, agriculture, construction, energy, inspection, and more.
For more information, visit https://enterprise.dronenerds.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 expanding its reach across North America and its mission to elevate drone safety standards and enable advanced UAS operations including Operation Over People and BVLOS . 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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