Engaged in advancing innovative solutions for large-scale market applications
Tel Aviv, Israel, Feb. 14, 2022 (GLOBE NEWSWIRE) — Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in advanced medical solutions, innovative internet technologies and electric vehicle and charging solutions, announced today that ParaZero Ltd. (“ParaZero”), a privately held company engaged in drone technology with an innovative patented safety system for drones, of which Medigus has a 40% ownership stake, confirmed that a drone carrying its ParaZero SafeAirTM system was granted the first authorization for commercial drone deliveries from The Brazilian National Civil Aviation Agency (ANAC).
ANAC authorized the manufacturer, Speedbird Aero, to carry out commercial drone deliveries in Brazil. Over the past two years, ParaZero has worked closely with Speedbird Aero to equip the Speedbird Aero DLV-1 NEO drone model with the ParaZero SafeAirTM system.
This is the first authorization granted by ANAC for the commercial operation of an unmanned aircraft used in product delivery. The authorization enables the remotely piloted aircraft, model DLV-1 NEO, to operate commercially on beyond visual line of sight routes (BVLOS), that is, beyond the operator’s visual line of sight.
ParaZero has developed a patented drone safety system designed to protect people and payloads, providing a solution to reduce the risk of a drone’s malfunction in an urban environment. Unique in the industry, the system includes a smart parachute system that monitors drone flight in real time, identifies critical failures, and autonomously triggers a parachute in the event of an emergency. This innovative solution may save commercial drone operators millions in losses.
Speedbird Aero will now be able to use the drone to carry out deliveries with loads of up to 2.5 kg within a radius of 3 km. The ParaZero SafeAirTM system will enable the Speedbird Aero to fly safely in urban environments, maintaining safety margins which include not flying over people, keeping distance from possible sources of electromagnetic interference, observing maximum and minimum operating altitudes and weather conditions.
According to a Feb. 10, 2022 report by MarketWatch, for the period 2017-2025, the value of small drone shipments will reach $85 billion, including sales of UAV hardware, software and service spending. According to the FAA, there are currently more than 870,000 registered drones in the U.S. alone, with 40 percent of them licensed for commercial use. While there is no official reporting on drone crashes, industry experts have estimated as many as 30 percent of drone pilots have crashed a drone. The resulting damage from these crashes has led many CAAs to strictly regulate commercial drone flight patterns.
For commercial operators, the ability to operate in close proximity to people and structures is critical, as it opens new verticals and previously unattainable business opportunities.
ParaZero’s safety technology contains a portfolio of ASTM F3322-18 compliant parachute systems for the DJI Mavic 2, Phantom 4, Matrice 200, Matrice 300 and the Airobotics Optimus drone. ASTM F3322-18 requires over 45 aerial parachute deployments with a third-party testing agency. These tests give operators and regulators the confidence required in the three performance pillars of a drone parachute system: effectiveness and reliability in all failure scenarios, rated descent rate, and minimum flight altitude.