Nitrox

ParaZero Announces 2023 Financial Results

Retrieved on: 
Friday, March 22, 2024
Research, Environment, Growth, EASA, Nitrox, Partnership, Black Square, Travel, IPO, Insurance, D&O, OEM, European, Safety, KULR, Marketing, TEL

TEL AVIV, Israel, March 22, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "company” or “ParaZero”), an aerospace company focused on drone technologies for commercial drones, defense drones, and urban air mobility aircraft, reported today its financial results for year ended December 31, 2023.

Key Points: 
  • TEL AVIV, Israel, March 22, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "company” or “ParaZero”), an aerospace company focused on drone technologies for commercial drones, defense drones, and urban air mobility aircraft, reported today its financial results for year ended December 31, 2023.
  • ParaZero closed its IPO on July 31, 2023, issuing 1,950,000 ordinary shares.
  • ParaZero's CEO, Boaz Shetzer, stated, "2023 was a crucial year for ParaZero, as we continued to push the boundaries of innovation in drone safety.
  • Full Year 2023 Financial Highlights:
    Sales increased by $60,390, or 10.8% to $620,508 for the year ended December 31, 2023, compared to $560,118 for the year ended December 31, 2022.

Medigus: ParaZero Ramps Up Partnership with US-Based Autonomous Drone OEM Vayu Aerospace Corporation

Retrieved on: 
Thursday, February 22, 2024
ALPP, OEM, EASA, UAS, DCAA, Nitrox, Safety, US-1, Alpine, MDGS, Partnership, Airline

Tel Aviv, Israel, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in electric vehicle charging solutions, advanced medical solutions, and innovative internet technologies, today announced that on February 20, 2024 ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, (18.68% owned by Medigus), announced that it has expanded its collaboration with Vayu Aerospace Corporation ("Vayu"), a US-based drone original equipment manufacturer (OEM) and subsidiary of Alpine 4 Holdings (“Alpine 4”) (Nasdaq: ALPP).

Key Points: 
  • The two companies worked together over the past two years enhancing safety solutions for Vayu’s commercial and military vertical take-off and landing (VTOL) aircraft.
  • With this new collaboration, ParaZero will customize its SafeAir system to be integrated at the design stage of Vayu’s G-1MKII VTOL aircraft.
  • Boaz Shetzer, Chief Executive Officer of ParaZero commented, “We are glad to strengthen our partnership with Vayu, an innovator in autonomous drone technology.
  • The system cuts power to the drone, alerts people on the ground with an audible alarm, and deploys a lightweight parachute, bringing the drone down to the ground in a safe, controlled descent.

ParaZero Ramps Up Partnership with US-Based Autonomous Drone OEM Vayu Aerospace Corporation

Retrieved on: 
Tuesday, February 20, 2024
ALPP, OEM, EASA, UAS, DCAA, Nitrox, Safety, US-1, Alpine, Partnership

Tel Aviv, Israel, Feb. 20, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company” or “ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, announced today it has expanded its collaboration with Vayu Aerospace Corporation ("Vayu"), a US-based drone original equipment manufacturer (OEM) and subsidiary of Alpine 4 Holdings Nasdaq (ALPP).

Key Points: 
  • The two companies worked together over the past two years enhancing safety solutions for Vayu’s commercial and military vertical take-off and landing (VTOL) aircraft.
  • With this new collaboration, ParaZero will customize its SafeAir system to be integrated at the design stage of Vayu's G-1MKII VTOL aircraft.
  • Boaz Shetzer, Chief Executive Officer of ParaZero commented, “We are glad to strengthen our partnership with Vayu, an innovator in autonomous drone technology.
  • The system cuts power to the drone, alerts people on the ground with an audible alarm, and deploys a lightweight parachute, bringing the drone down to the ground in a safe, controlled descent.

ParaZero Has Enabled Precedent-Setting Light UAS Operator Certificate Approval in Denmark

Retrieved on: 
Friday, January 26, 2024
European, EASA, UAS, Business development, Nitrox, Growth

Tel Aviv, Israel, Jan. 26, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company” or “ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, announced today it has facilitated one of its customers in obtaining the first-ever light uncrewed aircraft system ("UAS") operator certificate ("LUC") in Denmark.

Key Points: 
  • Tel Aviv, Israel, Jan. 26, 2024 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company” or “ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, announced today it has facilitated one of its customers in obtaining the first-ever light uncrewed aircraft system ("UAS") operator certificate ("LUC") in Denmark.
  • Additionally, the LUC holder may operate a variety of UAS platforms under one single approval, offering a quantum change in the efficiency of drone aerial services, while maintaining safe operating conditions.
  • ParaZero’s SafeAir is a UAS parachute recovery system that mitigates flight risks autonomously.
  • When triggered, the SmartAir Pro™, ParaZero’s onboard computer, responds with an instantaneous activation of the SafeAir system.

ParaZero to Elevate Aerospace Safety Standards to Military Aircraft

Retrieved on: 
Tuesday, December 12, 2023
Partnership, KULR, Vibration, Nitrox, Safety, Airline

Tel Aviv, Israel, Dec. 12, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the "Company “ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, previously announced that it is moving towards enhancing safety capabilities in the defense and drone sectors through its strategic partnership with KULR Technology Group Inc. (NYSE American: KULR). This partnership aims to leverage ParaZero's defense industry network to apply KULR's advanced vibration reduction technology, "KULR VIBE," across helicopter and rotorcraft fleets.

Key Points: 
  • This partnership aims to leverage ParaZero's defense industry network to apply KULR's advanced vibration reduction technology, "KULR VIBE," across helicopter and rotorcraft fleets.
  • The partnership leverages ParaZero's deep connections and expertise to bring groundbreaking safety technologies to the forefront of military aviation.
  • "Joining forces with KULR Technology Group is a strategic move towards Optimizing safety in the defense and drone sectors," said Boaz Shetzer, CEO of ParaZero.
  • "Our combined expertise in safety systems and vibration control technology will deliver unparalleled solutions, enhancing the reliability and performance of critical aerial vehicles."

ParaZero and KULR Technology Group Form Working Strategic Partnership to Serve Military and Drone Markets

Retrieved on: 
Tuesday, December 5, 2023
H-60, Partnership, Civil Aviation Safety Authority, Bell, Administration, Bell AH-1Z Viper, USAF, Civil aviation authority, Aircraft, Certification, V-22, National Airspace System, KULR, Vibration, Nitrox, Safety, Algorithm, Jet fuel

KULR VIBE is a track-and-balancing technology employing artificial-intelligence-driven algorithms to pinpoint and correct excess vibration in a rotorcraft system.

Key Points: 
  • KULR VIBE is a track-and-balancing technology employing artificial-intelligence-driven algorithms to pinpoint and correct excess vibration in a rotorcraft system.
  • In addition to helicopters, both companies see applications for KULR VIBE in eVTOL aircrafts and unmanned aircraft systems.
  • Both KULR and ParaZero are leaders in their fields, and have had success in the defense, safety, and commercial sectors.
  • More recently, ParaZero unveiled a pioneering AI-driven avionics system, SmartAir Trinity, setting a new standard for drone safety within the defense sector.

KULR Technology Group and ParaZero Enter a Working Strategic Partnership for KULR VIBE to Serve Military and Drone Markets

Retrieved on: 
Tuesday, December 5, 2023
Aircraft, CASA, Partnership, NAS, UAS, Bell, Bell AH-1Z Viper, USAF, Civil aviation authority, SAN, Certification, V-22, Artificial intelligence, National Airspace System, KULR, Vibration, Nitrox, Safety, Algorithm, H-60, Jet fuel

KULR VIBE's Technology Incorporates Artificial Intelligence and On-Aircraft Sensors to Mitigate Helicopter Vibrations.

Key Points: 
  • KULR VIBE's Technology Incorporates Artificial Intelligence and On-Aircraft Sensors to Mitigate Helicopter Vibrations.
  • (Photo: KULR)
    KULR VIBE is a track-and-balancing technology employing artificial-intelligence-driven algorithms to pinpoint and correct excess vibration in a rotorcraft system.
  • KULR VIBE removes significant vibrations which is negative energy for helicopters and drones that reduce flight range and aerial efficiency.
  • In addition to KULR’s historical helicopter solutions, both companies see applications for KULR VIBE in eVTOL aircrafts and unmanned aircraft systems.

Australia Greenlights Game-Changing Era: Commercial Drones with ParaZero Safety Systems to Fly in Populated Areas

Retrieved on: 
Monday, November 27, 2023
CASA, Civil aviation authority, News, Business development, Nitrox, Aviation, Safety, Organization

Tel Aviv, Israel, Nov. 27, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, announced that an Australian commercial drone operator and training organization, OVRL, secured landmark authorization from the Civil Aviation Safety Authority (CASA), using ParaZero’s advanced safety system. As previously reported in October 2023, this was the first time in Australia that drones were approved to fly over urban landscapes and crowds.

Key Points: 
  • As previously reported in October 2023, this was the first time in Australia that drones were approved to fly over urban landscapes and crowds.
  • This groundbreaking approval showcases ParaZero's commitment to safety and innovation, allowing OVRL to spearhead the future of commercial drone operations in Australia.
  • It's not just a win for OVRL, but a leap forward for Australian organizations aiming to revolutionize their operations with drone technology.
  • ParaZero is thrilled to be at the forefront of this aviation evolution, enabling safer and more dynamic drone applications across the Australian skies.

Australian Regulator Approves First Commercial Drone Flights in Populated Areas and Near People Using ParaZero Safety Systems

Retrieved on: 
Friday, October 6, 2023
Public key certificate, SORA, Organization, Safety, CASA, FAA, Nitrox, History, Business development, Airline

Tel Aviv, Israel, Oct. 06, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, and OVRL, an Australian commercial drone operator and training organization, announced today a first-ever Australian authorization for drones to operate over populated areas and near people, when using ParaZero safety systems, approved by the Civil Aviation Safety Agency (CASA).

Key Points: 
  • ParaZero and OVRL make history overcoming the previous regulatory barriers, now enabling the first operational approval in Australia for an organization to conduct advanced drone operations in populated areas and near people
    Tel Aviv, Israel, Oct. 06, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, and OVRL, an Australian commercial drone operator and training organization, announced today a first-ever Australian authorization for drones to operate over populated areas and near people, when using ParaZero safety systems, approved by the Civil Aviation Safety Agency (CASA).
  • With the use of ParaZero's advanced parachute safety technology, ParaZero regional partner, OVRL, has landed a precedent-setting historic approval for complex operations.
  • “We are extremely proud to be the first commercial drone operator and training provider to bring this exciting new capability to the Australian market.
  • This achievement once again demonstrates our commitment to safety while being at the forefront of commercial operations in Australia.

ParaZero Enhances Drone Safety with SafeAir for New DJI Model

Retrieved on: 
Tuesday, August 29, 2023
Nitrox, OOP, Organization, M30, DJI, Safety, Risk management

Tel Aviv, Israel, Aug. 29, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, continues the expand its safety systems offering for commercial drones, today announced the official release of the SafeAir M30 Pro, a parachute system designed for DJI's newest enterprise drone, DJI M30.

Key Points: 
  • ParaZero continues to expand its compatibility with popular drone systems with the release of the SafeAir M30 Pro, a unique safety system for the DJI M30
    Tel Aviv, Israel, Aug. 29, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, continues the expand its safety systems offering for commercial drones, today announced the official release of the SafeAir M30 Pro, a parachute system designed for DJI's newest enterprise drone, DJI M30.
  • ParaZero’s SafeAir M30 Pro is a drone parachute recovery system that mitigates flight risks autonomously.
  • Our consumer product line includes more than 10 models, offering our customers with advance safety system, insuring the safety of their surroundings as well as their own drone", commented Boaz Shetzer, Chief Executive Officer of ParaZero.
  • The SafeAir DJI M30 Pro parachute recovery system will be available for purchase on ParaZero's official website and through authorized distributors worldwide.