ParaZero Customer Speedbird Aero Celebrates 10,000 Operational Delivery Flights, Protected by ParaZero SafeAir Parachute Recovery Systems
21 August 2023 - 10:35PM
ParaZero Technologies Ltd. (Nasdaq: PRZO) ("ParaZero"), an
aerospace company focused on drone safety systems for commercial
drones and urban air mobility aircraft, today announced that one of
its customers, Speedbird Aero, a world-leading innovator in drone
delivery technology development and service provision, has achieved
a significant milestone by successfully completing 10,000
operational delivery flights. These landmark deliveries encompass
essential medical supplies, on-demand food delivery, and critical
telecom components to communities worldwide. What makes this
achievement even more remarkable is the unmatched safety and
reliability ensured by the integration of mission-critical drone
technologies, including ParaZero's cutting-edge SafeAir parachute
recovery systems throughout Speedbird Aero's delivery drone fleet.
Speedbird Aero's commitment to revolutionizing last-mile
delivery has played a vital role in enhancing accessibility and
efficiency in the delivery of essential goods across diverse
landscapes, geographic regions, and urban environment settings.
Samuel Salomao, Speedbird’s Chief Product Officer, commented:
"Our partnership with ParaZero has been instrumental in achieving
this significant milestone of 10,000 operational delivery flights.
The integration of ParaZero's recovery systems has provided us with
unmatched safety and reliability, ensuring the protection of our
delivery operations and compliance with global safety regulations.
This partnership has not only enhanced the safety aspect of our
drone logistics but has also allowed us to expand our reach in
delivering essential goods to diverse communities worldwide."
"ParaZero's SafeAir system has been a critical component in
ensuring the safety and success of our drone delivery operations,”
said Speedbird’s Head of Engineering, Mauro Tanure. “The system has
proven to be highly effective in mitigating the risks associated
with in-flight emergencies or drone malfunctions. We prioritize
safety above all else, and with ParaZero's technology, we have
further improved the reliability and robustness of our delivery
drone fleet."
“Speedbird Aero is a global leading player in aerial logistics,
and continues to demonstrate their world-class capabilities through
various drone delivery initiatives around the world. We’re
incredibly proud of our ongoing partnership with their team and
look forward to continue supporting their safety-first ethos,” said
ParaZero CEO Boaz Shetzer.
ParaZero's SafeAir recovery system has been an integral part of
Speedbird Aero's success story, ensuring the safety of the delivery
operations and compliant with global, performance-based regulations
pertaining to safety. Designed with state-of-the-art engineering
and precision, ParaZero's safety solution provides unparalleled
protection in the event of drone malfunctions or in-flight
emergencies. With Speedbird Aero's extensive utilization of the
SafeAir system, they have showcased an unwavering commitment to
maintaining the highest safety standards in their delivery
operations, as well as the robustness and reliability of the
ParaZero SafeAir parachute system.
About Speedbird Aero
Speedbird Aero (https://www.speedbird.aero) is the first company
in Brazil and Latin America to develop and
operate unmanned aerial systems (drones) to perform air
transportation and delivery of products and medicines. In
2019, Speedbird started the certification process of the first
remotely piloted multirotor aircraft in Brazil, and
the company's goal is to continue developing drone delivery
with its partners' support and under the supervision of Brazilian
aeronautical entities.
About ParaZero 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 over populated areas and
beyond-visual-line-of-sight (BVLOS).
Forward-Looking StatementsThis 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, the Company is using forward-looking
statements when it discusses its role in supporting customers and
the potential of the company’s products. 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 final prospectus (Registration No.
333-265178) dated July 26, 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 contents of
third-party websites.
Investor Relations Contact:Michal
EfratyInvestor Relations,
Israel+972-(0)52-3044404michal@efraty.com
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