ParaZero Has Enabled Precedent-Setting Light UAS Operator Certificate Approval in Denmark
26 Enero 2024 - 6:33AM
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.
The LUC is an organizational approval certificate granted by the
European Union Aviation Safety Agency (EASA), which is an agency of
the European Union (EU) with responsibility for civil aviation
safety, that allows for cross-border operations throughout the EU
without additional approval(s) required, enabling flight operations
to be self-authorized by the LUC holder anywhere throughout EASA
member states. 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. The ParaZero SafeAir
parachute system was utilized throughout the LUC application
process to enable a broader range of advanced flight permissions,
including operations over people, considered to be a highly
sought-after flight permission.
Boaz Shetzer, Chief Executive Officer of ParaZero, commented “We
are delighted to once again assist our customers in obtaining the
essential approvals required for operating in their preferred
settings. To date, we have contributed to enabling a significant
number of global approvals for commercial UAS operations and are
committed to continuing our role in facilitating the growth and
expansion of the drone industry through enabling approvals for
complex operations around the world."
"This achievement marks the culmination of a two-year engagement
with the Danish Civil Aviation and Railway Authority, and now
offers our customer a single approval that provides access to an EU
market of over half a billion customers,” commented Aaron Gliner,
ParaZero's Director of Business Development & Regulation.
ParaZero’s SafeAir is a UAS parachute recovery system that
mitigates flight risks autonomously. The SafeAir system is equipped
with integrated sensors that continuously monitor and analyze the
drone’s flight patterns to identify any indications of a critical
failure. When triggered, the SmartAir Pro™, ParaZero’s onboard
computer, responds with an instantaneous activation of the SafeAir
system. 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.
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 commitment to
continuing our role in facilitating the growth and expansion of the
drone industry through enabling approvals for complex operations
around the world. 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
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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
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Forward-looking statements are subject to risks and uncertainties
that could cause actual performance or results to differ materially
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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
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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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