ParaZero to Present its Leading Safety Systems for Commercial Drones at the International Drone Show in Denmark

ParaZero Technologies sets the standard for drone safety at the annual International Drone Show, unveiling its innovative solutions for safer drone operations in urban environments

Tel Aviv, Israel, Aug. 28, 2023 (GLOBE NEWSWIRE) -- ParaZero Technologies Ltd. (Nasdaq: PRZO) (“ParaZero”), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, announces it will showcase its unique drone safety systems in the International Drone Show in Odense, Denmark on August 29, 2023.

As drones integrate more into global industries, the demand for robust safety solutions has grown exponentially. The International Drone Show is the ideal platform to discuss, display, and demonstrate the revolutionary safety systems that ParaZero offers. The company's innovative autonomous safety systems have become integral for many commercial drone operations, particularly in populated areas and beyond-visual-line-of-sight (BVLOS) scenarios.

“The International Drone Show in Denmark presents an opportunity to engage with industry experts. We are thrilled to showcase our latest safety solutions, designed meticulously to cater to the evolving needs of the drone industry," commented Boaz Shetzer, Chief Executive Officer of ParaZero.

With ParaZero’s state-of-the-art technology, numerous organizations and drone operators worldwide have achieved regulatory approvals for advanced operations. This includes flight operations beyond visual line of sight (BVLOS), operations over people (OOP), activities in densely populated regions, and drone delivery services. All these advancements underscore the importance of having a reliable safety system that can swiftly react to in-flight anomalies, ensuring not just the drone's safety but also that of the surroundings.

Meet us at booth 37 or contact us at: contact@parazero.com

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, the Company is using forward-looking statements when it discusses the integration of drones into global industries and the growing demand for robust safety solutions. 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.

ParaZero Technologies Ltd. | 30 Dov Hoz, Kiryat Ono, Israel 5555626
P: +972-36885252 | E: contact@parazero.com | F: +972-3-688-5246