Recently listed drone safety company Parazero (ASX:PRZ) finds itself in the box seat to provide drone parachute technologies to the global market following the development of higher industry standards aligned with the company’s technology.
Parazero listed in June this year to accelerate the commercialisation of its technology which uses an autonomous drone computer paired with a parachute launcher. The computerised system is capable of detecting failure and launching a parachute in fractions of a second.
The protective tech has proven to be a market leader, with the international standards organisation American Society for Testing and Materials (ASTM) today announcing an updated standard F3322 which mandates that, amongst other things, drones should include autonomous parachute triggering systems.
The standard will move the industry away from the traditional pilot-controlled parachute system and towards technological solutions.
The updated safety requirement is expected to prove a defining moment for Parazero, with ASTM an influential organisation publishing voluntary consensus technical standards for a wide range of materials, products, systems, and services.
More than 12,000 ASTM standards are recognised in over 140 countries.
Parazero was a member of the standard development working group, alongside other influential agencies and organisations, including the Federal Aviation Authority (FAA), Amazon and Chinese drone company DJI.
I welcome the publication of the ASTM Standard F3322 and of ParaZero’s active participation in the development of the new standard,” Parazero chief executive Eden Attias said.
“The publication of F3322 will pave the path for safe and legal flight over people.
“This is an important step for the drone industry and for ParaZero providing best in class drone safety systems that enables drone operations everywhere, safely,” he said.
Parazero, which has emerged from the bubbling Israeli tech scene has already proven its ability to deliver sales and safer flight activites across the globle, with its parachute solutions found in nations across the globe, including the United States, Israel, Japan, France, New Zealand, China and the Netherlands.
The company continues to expect strong interest with accelerating uptake in drone sales correlated with higher reported safety incidents.