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ParaZero expands into consumer market with launch of drone safety system

The SafeAirTM Phantom ensures the safety of drones and reduces the risk of accidents and lawsuits.
Drone with new safety device
An initial inventory is now available with mass manufacturing taking place in coming months

ParaZero Ltd (ASX:PRZ) has expanded into the lucrative consumer-based camera-drone market with the launch of SafeAirTM Phantom, its latest autonomous drone safety system.

SafeAirTM Phantom provides an affordable and easily accessible solution for consumers, ensuring the safety of their drone and reducing the risk of accidents and lawsuits.

Targeting the consumer-based recreational and professional camera drone market, the device will be sold in Australia and Europe through distribution partners.

It will also be available in the United States through retailers, distributors and online via Amazon.

READ: ParaZero secures second waiver for urban flight using novel drone safety solution

There have been 550 units already have been sold to distributors and retailers worldwide.

Continuous monitoring

The system continuously monitors and analyses the drone’s flight, activating safety measures if a critical failure is detected.

Safety measures include stopping the rotors and deploying the parachute to bring the drone safely to the ground.

The parachute system is fully deployed in less than a fraction of a second and can be repacked by the operator and used again.

ParaZero’s CEO Eden Attias said: “The launch of this new product is a major milestone for ParaZero, expanding the company into the global mass consumer market, and provides the consumer-based recreational and professional drone market with a commercial grade safety solution.

“Safety is key in driving the growth of the drone market and ParaZero’s new product will play a key role in that growth.

“We anticipate strong demand from the consumer drone sector – everyone from recreational users to those who film special events, weddings, or for public safety.”

Compatible with Phantom 4

The company said the product was compatible with the Phantom 4 drone, manufactured by SZ DJI Technology Co and which accounts for a significant portion of the global drone market.

A new product compatible with DJI’s Mavic model will be available soon.

The Phantom and the Mavic are two of the world’s best-selling consumer drones.

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ParaZero Ltd Timeline

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