Inactive Instrument

Parazero Limited

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PRZ

AU0000007502

FAA Grants Groundbreaking Approval to Fly Over People for Hensel Phelps Using ParaZero Safety System

June 04, 2019 at 06:12 pm

ParaZero Technologies Ltd. announced that the Federal Aviation Administration (FAA) has approved a first-ever waiver allowing general contractor, Hensel Phelps, to fly over people using ParaZero's ASTM compliant SafeAir Phantom Parachute System.

Latest news about Parazero Limited

Delta Drone South Africa completed the acquisition of Parazero Limited in a reverse merger transaction.	21/12/20	CI
Parazero Limited Approves Appointment of Christopher Clark as Director	03/12/20	CI
Parazero Limited Announces Executive Changes	20/10/20	CI
Parazero Limited announced that it has received AUD 0.5 million in funding from Delta Drone SA	27/09/20	CI
Parazero Limited Reports Earnings Results for the Half Year Ended June 30, 2020	27/08/20	CI
Parazero Limited announced that it expects to receive AUD 0.5 million in funding from Delta Drone SA	19/08/20	CI
35,300,063 Ordinary Shares of Parazero Limited are subject to a Lock-Up Agreement Ending on 18-JUN-2020.	17/06/20	CI
12,419,069 Options of Parazero Limited are subject to a Lock-Up Agreement Ending on 18-JUN-2020.	17/06/20	CI
55,000,000 Performance Options of Parazero Limited are subject to a Lock-Up Agreement Ending on 17-JUN-2020.	16/06/20	CI
Parazero Limited Announces Changes in Registered Office and Principal Place of Business	22/04/20	CI
Parazero Limited announced that it expects to receive AUD 0.1445 million in funding	12/04/20	CI
Parazero Limited announced that it expects to receive AUD 0.17 million in funding	17/03/20	CI
Delta Drone South Africa entered into a share sale agreement to acquire Parazero Limited in a reverse merger transaction for AUD 8.9 million.	11/03/20	CI
Parazero Limited Reports Earnings Results for the Full Year Ended December 31, 2019	28/02/20	CI
Parazero Limited announced that it expects to receive AUD 0.175 million in funding	02/02/20	CI
ParaZero and SKYWATCH.AI Drone Insurance Launches Partnership	05/12/19	CI
Parazero Limited announced that it has received AUD 0.6132 million in funding	04/11/19	CI
Parazero Limited announced that it expects to receive AUD 0.6424 million in funding	23/10/19	CI
ParaZero Limited Receives Purchase Orders of $235,000	22/10/19	CI
ParaZero Limited Announces the Resignation of Charis Law as Director	01/09/19	CI
Parazero Limited Reports Earnings Results for the Half Year Ended June 30, 2019	27/08/19	CI
ParaZero Limited Announces the North Dakota Department of Transportation Secures FAA Waiver for Operations	26/06/19	CI
Parazero Limited announced that it has received AUD 1.543439 million in funding	23/06/19	CI
345,613 Ordinary Shares of Parazero Limited are subject to a Lock-Up Agreement Ending on 13-JUN-2019.	12/06/19	CI
ParaZero Launches ASTM Compliant SafeAir Mavic Following Compliance Testing and Validation by Northern Plains UAS Test Site	06/06/19	CI

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Company Profile

Parazero Limited is an Australia-based manufacturer of drone safety solutions. The Company designs and develops, ParaZero SafeAir, a drone safety solution for commercial drones. ParaZero SafeAir is a safety box that independently monitors the fight operation of unmanned drones. It triggers a patented ballistic parachute to provide a controlled descent rate, warns bystanders underneath and communicates with the unmanned traffic system. The Company's drone safety products include SafeAir 5, SafeAir 10, SafeAir 30, SafeAir M-200, SafeAir M-600, and SafeAir 350. The Company's SafeAir system 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 and warns bystanders through an alarm system. The SmartAir system records flight data for statistical analysis and black box reporting.

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