Medigus: ParaZero Receives Second Order from One of the World’s Largest Automotive Manufacturers
08 August 2023 - 11:00PM
Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in
electric vehicle charging solutions, advanced medical solutions,
and innovative internet technologies, today announced that ParaZero
Technologies Ltd. (PRZO) (“ParaZero”), an aerospace company focused
on drone safety systems for commercial drones and urban air
mobility aircraft, (33.36% owned by Medigus), has received a
second order for its custom drone safety system by one of the
world’s largest automotive manufacturers.
The repeat order follows an agreement
previously signed with the automotive manufacturer for the
development of a bespoke safety solution for its proprietary drone
program.
The automotive manufacturer plans to integrate
ParaZero’s SafeAir™ drone safety system into their proprietary
aircraft from the design stage, allowing for an optimized and
seamless integration. ParaZero has a proven history of supplying
advanced safety solutions for global manufacturers and companies
across a myriad of aerial platforms, including multirotor, single
rotor, fixed wing, vertical takeoff and landing (VTOL), manned and
unmanned, and urban air mobility aircraft.
About ParaZero Technologies
ParaZero (https://parazero.com/) is a
world-leading developer of autonomous parachute safety systems for
commercial drone and urban air mobility (UAM) aircraft. Started in
2014 by a passionate group of aviation professionals and drone
industry veterans, ParaZero designs smart, autonomous parachute
safety systems designed to enable safe flight operations
overpopulated areas and beyond-visual-line-of-sight (BVLOS).
About Medigus
Based in Israel, Medigus Ltd. (Nasdaq: MDGS) is
a technologies company that is focused on innovative growth
partnerships, mainly in advanced medical solutions, digital
commerce, and electric vehicle markets. Medigus’ affiliations in
the medical solutions arena consist of ownership in Polyrizon Ltd.
The Company’s affiliates in digital commerce include Gix Internet
Ltd., Jeffs’ Brands Ltd. and Eventer Technologies Ltd. In the
electric vehicle market, Charging Robotics Ltd. and Revoltz, by way
of Fuel Doctor Holdings, Inc., are also part of the Company’s
portfolio of technology solution providers. Medigus is traded on
the Nasdaq Capital Market. To learn more about Medigus’ advanced
technologies, please visit http://www.medigus.com/.
Forward Looking Statements
This press release contains forward-looking
statements within the meaning of the “safe harbor” provisions of
the Private Securities Litigation Reform Act of 1995 and other
Federal 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. Because such statements deal with
future events and are based on Medigus’ current expectations, they
are subject to various risks and uncertainties, and actual results,
performance or achievements of Medigus could differ materially from
those described in or implied by the statements in this press
release. For example, Medigus uses forward looking statements when
describing the potential integration of ParaZero’s solutions in the
automotive manufacturer’s proprietary drone program.
The forward-looking statements contained or
implied in this press release are subject to other risks and
uncertainties, including those discussed in any filings with the
SEC. Except as otherwise required by law, Medigus undertakes no
obligation to publicly release any revisions to these
forward-looking statements to reflect events or circumstances after
the date hereof or to reflect the occurrence of unanticipated
events. 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. Medigus is not
responsible for the contents of third-party websites.
Company Contact
Tali DinarChief Financial
Officer+972-8-6466-880ir@medigus.com
Investor Relations Contact:
Michal EfratyInvestor Relations,
Israel+972-(0)52-3044404 michal@efraty.com
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