ParaZero to Elevate Aerospace Safety Standards to Military Aircraft
December 12 2023 - 7:18AM
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.
The collaboration will combine ParaZero's SafeAir and SmartAir
Trinity solutions with KULR VIBE software in a unified product,
designed to significantly enhance drone performance, operational
efficiency, and safety standards, thereby setting a new benchmark
in the industry.
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."
KULR VIBE, utilizing AI-driven algorithms for vibration analysis
and reduction, is pivotal for maintaining optimal performance and
safety in helicopters and high-performance unmanned aerial
applications. Reducing vibration not only extends flight range and
improves efficiency but is also crucial for preventing catastrophic
failures and maintenance issues.
Both companies have established reputations for innovation and
success in their respective fields, making this partnership a
significant step forward in the advancement of safe and efficient
aerospace technologies.
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, ParaZero is using
forward-looking statements when it discusses its aim to achieve
increased drone performance, operational efficiency, and improve
safety to set a new standard for the industry. Forward-looking
statements are not historcal 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
ParaZero Technologies Ltd. | 30 Dov Hoz, Kiryat
Ono, Israel 5555626P: +972-36885252 |
E: contact@parazero.com | F: +972-3-688-5246
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