Drone Parachute Orders Keep Rolling in for ParaZero

Israel-based drone parachute company ParaZero Ltd. has secured firm orders of $235,000 from international drone manufacturers for custom parachute systems.

The new orders for SafeAir OEM are from drone manufacturers looking to deploy ParaZero technology in their applications for congested and populated environments.

The orders will be delivered by the end of 2019, with revenue booked in the current quarter, the company says.

“Drone logistics is a rapidly emerging industry, and ParaZero is at the forefront of drone safety. We are well-positioned for...

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