ParaZero Elevates Defense Drone Safety with Groundbreaking AI Avionics System
November 17 2023 - 7:30AM
ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an
aerospace company focused on drone safety systems for commercial
drones and urban air mobility aircraft, recently unveiled a
pioneering AI-driven avionics system, SmartAir Trinity, setting a
new standard for drone safety within the defense sector. This
advanced technology offers real-time malfunction detection and
critical mission analytics, ensuring a robust solution to support
operational security for defense drones.
SmartAir Trinity, launched in early September this year, is an
advanced, AI-based avionics system that represents a significant
leap in drone operational safety. Utilizing a pioneering sensor
array, SmartAir Trinity provides real-time detection of
malfunctions in UAS and eVTOL aircraft. This technological marvel
not only ensures the utmost safety for defense missions but also
delivers comprehensive analytics for post-mission debriefings– a
feature that is critical for continual improvement in high-stakes
operations.
ParaZero's commitment to innovation is further exemplified
through strategic partnerships, enhancing AI capabilities and
reinforcing its stature as a leader in autonomous aerial safety for
national security applications.
ParaZero's CEO, Boaz Shetzer, stated, "Our latest AI avionics
system is the culmination of relentless innovation and a deep
commitment to operational safety. This technology is not just about
responding to emergencies; it's about foreseeing them, preparing
for them, and ultimately safeguarding our defense personnel and
assets."
"Our recently announced collaboration with Maris-Tech Ltd., and
building upon a year of operational excellence with Easy Aerial in
defense and homeland security applications, ParaZero's SmartAir
Trinity is set to become the new cornerstone of drone safety in
high-stakes environments."
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).
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, the Company is using
forward-looking statements when it discusses the benefits of its
technologies and products, and that SmartAir Trinity is set to
become the new cornerstone of drone safety in high-stakes
environments. 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 Efraty Investor Relations, Israel +972-(0)52-3044404
michal@efraty.com
ParaZero Technologies Ltd. | 30 Dov Hoz, Kiryat
Ono, Israel 5555626 P: +972-36885252 | E: contact@parazero.com | F:
+972-3-688-5246
ParaZero Technologies (NASDAQ:PRZO)
Historical Stock Chart
From May 2024 to Jun 2024
ParaZero Technologies (NASDAQ:PRZO)
Historical Stock Chart
From Jun 2023 to Jun 2024