Latest news with #unmannedAerialSystems
Yahoo
6 days ago
- Business
- Yahoo
ParaZero Demonstrates 50 Successful DropAir Deployments as Part of a Decisive Reproducibility Test
Kfar Saba, Israel, June 16, 2025 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (the 'company' or 'ParaZero'), an aerospace company focused on safety systems for commercial unmanned aerial systems and counter UAS systems, today announced the successful completion of its most rigorous reproducibility test to date – 50 consecutive DropAir deliveries. A reproducibility test verifies that a system performs consistently and reliably. In aerospace and defense applications, this level of precision is not just an advantage—it's a critical standard. This test verified the scenario of blood transfusion deliveries in operational settings. The DropAir system is engineered for autonomous, precision delivery in complex environments, including the transport of essential medical supplies, tactical gear, and other sensitive payloads. Its compact and covert design offers unparalleled operational flexibility and mission confidence. 'This successful test demonstrates DropAir's reliability and proves its readiness for real-world missions,' said Boaz Shetzer, CEO of ParaZero. 'Whether for military, humanitarian, or medical use, the system's ability to repeat precise deliveries, time after time, means operators can count on it in critical environments.' Learn more about DropAir by ParaZero: About ParaZero Technologies ParaZero (Nasdaq: PRZO) is an aerospace company focused on safety systems for commercial unmanned aerial systems and counter UAS systems. 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 over populated areas and beyond-visual-line-of-sight (BVLOS) as well as for various military applications including Counter UAS. For more information about ParaZero, please visit 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 the DropAir system's ability to repeat precise deliveries, time after time, means operators can count on it in critical environments. 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 Annual Report on Form 20-F filed with the SEC on March 21, 2025. 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 content of third-party websites. Investor Relations Contact: Michal EfratyInvestor Relationsmichal@ ParaZero Technologies Ltd. | 1st HaTachana St. Kfar Saba, Israel 4453001 P: +972-502753666 | E: contact@
Entrepreneur
15-05-2025
- Business
- Entrepreneur
VU Dynamics Partners with PATH Group to Boost Indigenous Defence Manufacturing
Bringing together VU Dynamics' deep-tech innovation with PATH Group's infrastructure execution expertise, the partnership is poised to deliver scalable, high-performance unmanned aerial systems for both defence and civilian use. You're reading Entrepreneur India, an international franchise of Entrepreneur Media. In a landmark step towards bolstering India's indigenous defence capabilities, IIT Kanpur-incubated aerospace startup VU Dynamics has entered into a strategic partnership with Prakash Asphaltings and Toll Highways (India) Limited (PATH Group). The collaboration aims to co-develop next-generation aerial platforms tailored for defence and strategic applications, aligning with the national vision of Atmanirbhar Bharat. VU Dynamics, incubated at the Startup Incubation and Innovation Centre (SIIC), IIT Kanpur, is led by Prof Subrahmanyam Saderla and Dr Sravanthi Saderla. The startup specialises in developing long-endurance, cost-efficient, and operationally simple aerial systems embedded with proprietary technologies developed entirely in India. Bringing together VU Dynamics' deep-tech innovation with PATH Group's infrastructure execution expertise, the partnership is poised to deliver scalable, high-performance unmanned aerial systems for both defence and civilian use. Prof Manindra Agrawal, Director, IIT Kanpur, stated, "It is a matter of great pride that a startup incubated on campus by a young faculty member Dr. Saderla, has attracted significant investment due to its innovative solutions in UAV space. I am sure that this partnership will achieve great success contributing towards our goal of creating impactful technological solutions." "Our collaboration with PATH marks a pivotal step in scaling our aerial technologies for real-world impact. PATH's operational depth and commitment to nation-building make them an ideal partner as we work toward strengthening India's indigenous aerospace capabilities," added Co-founder Prof Subrahmanyam Saderla. Nitin Agarwal, Managing Director of PATH Group, echoed the sentiment: "We've always admired the innovation emerging from institutions like IIT Kanpur. Taking these innovations to production scale is a major achievement. We are proud to support VU Dynamics and contribute to the national goal of technological self-reliance in defence." Anurag Singh, CEO of SIIC, highlighted, "This collaboration exemplifies the transformative potential of partnerships between startups and industry leaders. It is a powerful demonstration of how deep-tech innovation can be channelled into strategic national assets." With backing from one of the premier tech incubators and operational leadership from PATH's seasoned infrastructure team, the partnership is set to accelerate the indigenisation of critical defence technologies and build a robust, innovation-driven aerospace future for India.
