ParaZero Technologies Ltd., an aerospace company, engages in the design, development, manufacturing, distribution, and sale of autonomous parachute safety systems for commercial drones in the United States, Israel, Canada, Europe, and internationally. The company offers SafeAir system, a smart parachute system that monitors unmanned aerial systems flight in real-time, as well as identifies critical failures and autonomously triggers a parachute in the event of an emergency. Its autonomous parachute system portfolio includes SafeAir Phantom, SafeAir Mavic, SafeAir M-200 Pro, SafeAir M-300 Pro, SafeAir M-600 Pro, SafeAir V1EX, SafeAir 350, and Custom Integrations. The company serves system manufacturers, resellers, and online stores. ParaZero Technologies Ltd. was incorporated in 2013 and is based in Kiryat Ono, Israel.

ParaZero Technologies Ltd.

ParaZero specializes in the design and manufacturing of autonomous commercial drone safety systems. The company's unique, patented technology, enables autonomous parachute deployment using customized deployment actuators that actively deploy the parachute to its full formation in fractions of a second. The patented SafeAir technology created a new benchmark in low altitude parachute deployments with effective kinetic energy reduction with minimal altitude loss. ParaZero’s SafeAir™ system independently monitors the flight operation of the drone with the SmartAir™ control system, which in case of drone failure in flight, triggers a patented ballistic parachute to provide a controlled descent rate, warns bystanders and transmits the issue to the UTM (Unmanned Traffic Management) under development by NASA and the FAA. The SmartAir™ system records flight data for statistical analysis and black box reporting.With millions of commercial drones predicted, civil aviation authorities such as FAA and EASA, will require risk mitigation systems for commercial drones to achieve the needed ‘fully autonomous’ capability with multiple drones operating in the same area and over populous areas - enter ParaZero’s SafeAir™ system. This virtual safety net is designed to meet international aviation reliability standards, while addressing growing market needs,bringing smart technology and providing a complete safety solution for a myriad of aerial platforms. ParaZero has supplied a myriad of systems for aerial platforms ranging from 2kg to 350kg, manned and unmanned, for customers throughout the world.

ParaZero Drone Safety Systems

Thank you to our partners, Speedbird Aero, for an incredible demonstration of their advanced delivery drones during the recent  phase of the Israel National Drone Initiative.  Recently, Speedbird Aero was granted Brazil's first #BVLOS authorization for #dronedelivery, as well as the country's first multirotor design authorization by ANAC - Agência Nacional de Aviação Civil for their DLV-1 aircraft (link in comments section.)

Featured in this photo is Speedbird Aero's DLV-4, a vertical takeoff and landing (VTOL) aircraft capable of carrying 5kg of cargo within a 100km range.  Each delivery drone in Speedbird Aero's fleet is equipped with a ParaZero Drone Safety Systems autonomous parachute recovery system for increased safety.

Special thanks to our friends at Cando Drones, High Lander, and Elsight - BVLOS connectivity for drones/UAVs for providing outstanding operational support and professionalism.



Speedbird Aero High Lander Cando Drones Elsight - BVLOS connectivity for drones/UAVs Unilever Israel Police - משטרת ישראל Israel Innovation Authority רשות החדשנות Benda Magnetic Israeli Air Force ParaZero Drone Safety Systems Samuel Salomão Manoel R. Coelho 

#drones #uas #bvlos #dronedelivery #dronelogistics #aerospace #vtol

ParaZero Drone Safety Systems is always supportive of our global partners extensively #testing and #validating our UAS #safety products before standing behind them.  Here is a recent parachute deployment test with our strategic partners, Montreal Oficial, replicating a real-world failure of a Phantom quadcopter at 229 feet AGL.

ParaZero Drone Safety Systems Alliance for New Mobility Europe Federal Aviation Administration EASA - European Union Aviation Safety Agency ANAC - Agência Nacional de Aviação Civil Delta Drone International Boaz Shetzer Aaron G. Yuval Gilad Daniel Myers Eden Attias Christopher Clark Nadav Guy

The ParaZero Drone Safety Systems team was honored to host our friends and strategic partners, Paras Aerospace Pvt. Ltd., during an office visit last week at #ParaZero headquarters in #Israel.

Our teams are excited and looking forward to great things to come in 2022 and beyond!

#aerospace #drones #dronesafety #partnership 

Paras Aerospace Pvt. Ltd.  ParaZero Drone Safety Systems  Pankaj Akula  Praveena kokrady Zeev Mivtzari  Boaz Shetzer  Yuval Gilad  Eden Attias  Aaron G.  Daniel Myers  Christopher Clark

ParaZero Drone Safety Systems has expanded into #India through an exclusive strategic partnership with Paras Aerospace Pvt. Ltd., India’s leading drone developer, manufacturer and integrator of #UAV systems. Through this partnership, we aim to continue advancing our #mission of making the global airspace safer with enabling technologies.

Eden Attias Boaz Shetzer Yuval Gilad Daniel Myers Aaron G.  Savion Cohen Slava Brodskiy Oren Aviram Amir Tsaliah אמיר צליח   ParaZero Drone Safety Systems  Paras Aerospace Pvt. Ltd.  Paras Defence & Space Technologies Ltd. 

#dronesafety #flysafe #aerospace #ParasAerospace #ParaZero #SafeAir

Our exclusive partnership with ParaZero Drone Safety Systems, a global drone safety specialist, aims to work towards autonomous parachute deployment technology manufacture in India. We are here to create the best-in-class low altitude parachute deployment drone safety systems for all OEM class and NPNT compliant drones. The systems can address the safety of drones from 1 kg to 300kg. 

#drone #surevillance #aerial #dronelife #droneoftheday #drones #uavdrone #featured #PR #Pressrelease #defence #indianairforce #india #specialforces #uavpilot #uavmapping #dronepilot #dronemapping #dronetraining #aerialsurevillance

	Dec '20	Dec '21	Dec '22	Dec '23
revenue	762.41K -	724.39K 4.99%	560.12K 22.68%	620.51K 10.78%
cost of revenue	848.93K -	464.71K 45.26%	337.56K 27.36%	476.61K 41.19%
gross profit	-86.52K -	259.68K 400.13%	222.55K 14.30%	143.90K 35.34%
selling and marketing expenses	169.08K -	168.70K 0.23%	264.73K 56.92%	487.90K 84.30%
general and administrative expenses	745.35K -	474.70K 36.31%	766.71K 61.51%	1.47M 92.10%
selling general and administrative expenses	914.43K -	643.40K 29.64%	1.03M 60.31%	1.96M 90.10%
research and development expenses	318.87K -	603.70K 89.33%	640.33K 6.07%	636.80K 0.55%
other expenses				-752.11K -
cost and expenses	2.08M -	1.71M 17.79%	2.40M 40.13%	3.07M 28.16%
operating expenses	1.23M -	1.25M 1.12%	2.06M 65.28%	2.60M 26.02%
interest expense	4.77K -	2.07K 56.64%	17.39K 739.90%	152.75K 778.55%
ebitda	-1.30M -	-969.80K 25.57%	-1.62M 66.75%	-2.98M 84.15%
operating income	-1.32M -	-987.43K 25.18%	-1.84M 86.20%	-2.80M 52.27%
depreciation and amortization	16.92K -	17.63K 4.16%	18.50K 4.92%	17.09K 7.61%
total other income expenses net	-619.55K -	-2.07K 99.67%	-389.40K 18,711.40%	-1.38M 253.27%
income before tax	-1.94M -	-615.38K 68.27%	-1.65M 168.62%	-3.77M 128.15%
income tax expense	-614.77K -	2.07K 100.34%	-372.01K 18,071.50%	-599.36K 61.11%
net income	-1.94M -	-615.38K 68.27%	-1.65M 168.62%	-3.77M 128.15%
weighted average shs out	5.58M -	6.05M 8.42%	6.05M 0%
weighted average shs out dil	5.58M -	6.05M 8.42%	6.05M 0%
eps	-0.35 -	-0.10 71.43%	-0.27 170%
epsdiluted	-0.35 -	-0.10 71.43%	-0.27 170%

PRZO

NASDAQ:PRZO

ParaZero Technologies Ltd.

Last Close

0.58

26/07 20:00

Market Cap

7.64M

Beta: -

Volume Today

10.22K

Avg: 3.89M

PE Ratio

−2.64

PFCF: −3.88

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