ParaZero Develops New AI-Based Safety and Awareness System for Commercial Drones and Urban Air Mobility Aircraft
01 Setembro 2023 - 8:35AM
ParaZero Technologies Ltd. (Nasdaq: PRZO) ("ParaZero"), an
aerospace company focused on advanced safety systems for commercial
drones and urban air mobility (UAM) aircraft, today announced its
next-generation safety product development, SmartAir Trinity, an
AI-based avionics system, which utilizes a new, leading-edge sensor
array with advanced capabilities, designed to detect malfunctions
of UAS and eVTOL in real-time, and provide deep analytics for
mission debriefings.
The SmartAir Trinity system is comprised of sophisticated visual
awareness cameras and an advanced sensor suite that enables UAS and
eVTOL aircraft to understand their surroundings using artificial
intelligence and machine learning technological capabilities. Its
AI-embedded approach supports safety and risk mitigation in
addition to over-the-air (OTA) firmware and configuration updates,
keeping every platform up to date with the latest and most accurate
algorithms and features.
Among a host of new safety capabilities, the SmartAir Trinity
offers an optimized parachute deployment algorithm to enhance
operational containment capabilities, detection and identification
of safe landing zone and delivery site areas, GNSS-free navigation,
redundancy system for onboard GPS, and monitoring the aircraft’s
behavior with great operational insight.
"The commercial UAS and UAM markets continue to gain momentum,
with ongoing technology releases, new aircraft development, and
supportive global regulatory frameworks. In order for organizations
to meet performance-based safety requirements and cut
time-to-market, they look to leverage the most robust and effective
safety systems and technologies; in those cases, legacy safety
systems often won’t cut it," said ParaZero Chief Product Officer,
Yuval Gilad. "ParaZero's safety product portfolio has played a
critical role in ensuring the safety of urban air mobility and
commercial drone flight operations around the world for many years.
We are looking forward to offering our next generation safety
technology to the industry at a pivotal time to address both
integration needs from original equipment manufacturers and
regulatory requirements, to enable every platform to reach its full
potential."
About ParaZero
ParaZero ( https://parazero.com/ ) is a world-leading
developer of autonomous parachute safety systems for commercial
drones 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, 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 potential of its
systems, the momentum of the commercial UAS and UAM markets and
that it looks forward to offering next generation safety technology
to enable every platform to reach its full potential.
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 EfratyInvestor Relations,
Israel+972-(0)52-3044404michal@efraty.com
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