{"id":776392,"date":"2023-08-08T15:05:18","date_gmt":"2023-08-08T19:05:18","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/medigus-parazero-receives-second-order-from-one-of-the-worlds-largest-automotive-manufacturers\/"},"modified":"2023-08-08T15:05:18","modified_gmt":"2023-08-08T19:05:18","slug":"medigus-parazero-receives-second-order-from-one-of-the-worlds-largest-automotive-manufacturers","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/medigus-parazero-receives-second-order-from-one-of-the-worlds-largest-automotive-manufacturers\/","title":{"rendered":"Medigus: ParaZero Receives Second Order from One of the World\u2019s Largest Automotive Manufacturers"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"center\">\n        <i>The repeat order is for a\u00a0custom safety solution\u00a0for a Fortune 500 automotive manufacturer\u2019s proprietary drone program.<\/i>\n      <\/p>\n<p align=\"justify\">\n        <strong>Tel Aviv, Israel, Aug.  08, 2023  (GLOBE NEWSWIRE) &#8212; <\/strong> Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in electric vehicle charging solutions, advanced medical solutions, and innovative internet technologies, today announced that ParaZero Technologies Ltd. (PRZO) (\u201cParaZero\u201d), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, (33.36% owned by Medigus), \u00a0has received a second order for its custom\u00a0drone safety system by one of the world\u2019s largest\u00a0automotive manufacturers.<\/p>\n<p align=\"justify\">The repeat order follows\u00a0an agreement previously signed with the automotive manufacturer for the development of a bespoke safety solution for its proprietary drone program.<\/p>\n<p align=\"justify\">The automotive manufacturer plans to integrate ParaZero\u2019s SafeAir\u2122 drone safety system into their proprietary aircraft from the design stage, allowing for an optimized and seamless integration. ParaZero has a proven history of supplying advanced safety solutions for global manufacturers and companies across a myriad of aerial platforms, including multirotor, single rotor, fixed wing, vertical takeoff and landing (VTOL), manned and unmanned, and urban air mobility aircraft.<\/p>\n<p align=\"justify\">\n        <b><br \/>\n          <u>About ParaZero Technologies<\/u><br \/>\n        <\/b>\n      <\/p>\n<p align=\"justify\">ParaZero (<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=Cyjw4yG4938zxKyoi4uCwvJgEhKfcpX0G8jRb-5tP0_5eEv51N8UDvJNcAszgk6baY2rCPN8LdnZcX0jkcy0I1o-7uO-tXBRxtMLIeVU7N0=\" rel=\"nofollow noopener\" target=\"_blank\">https:\/\/parazero.com\/<\/a>) 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).<\/p>\n<p align=\"justify\">\n        <b><br \/>\n          <u>About Medigus<\/u><br \/>\n        <\/b>\n      <\/p>\n<p align=\"justify\">Based in Israel, Medigus Ltd. (Nasdaq: MDGS) is a technologies company that is focused on innovative growth partnerships, mainly in advanced medical solutions, digital commerce, and electric vehicle markets. Medigus\u2019 affiliations in the medical solutions arena consist of ownership in Polyrizon Ltd. The Company\u2019s affiliates in digital commerce include Gix Internet Ltd., Jeffs\u2019 Brands Ltd. and Eventer Technologies Ltd. In the electric vehicle market, Charging Robotics Ltd. and Revoltz, by way of Fuel Doctor Holdings, Inc., are also part of the Company\u2019s portfolio of technology solution providers. Medigus is traded on the Nasdaq Capital Market. To learn more about Medigus\u2019 advanced technologies, please visit\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=6YpST_hRbw3Ok83Bf0xYW2f9XD2ktoG-mpofZee5QOk-Tiz76M_Bk1_D03LNgufeH4Lphxt2qSEPi-Y8n1ctfV0x556cVy2PipY2ANx4BoY=\" rel=\"nofollow noopener\" target=\"_blank\">http:\/\/www.medigus.com\/<\/a>.<\/p>\n<p>\n        <b><br \/>\n          <u>Forward Looking Statements<\/u><br \/>\n        <\/b>\n      <\/p>\n<p align=\"justify\">This press release contains forward-looking statements within the meaning of the \u201csafe harbor\u201d provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as \u201cexpects,\u201d \u201canticipates,\u201d \u201cintends,\u201d \u201cplans,\u201d \u201cbelieves,\u201d \u201cseeks,\u201d \u201cestimates\u201d and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on Medigus\u2019 current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Medigus could differ materially from those described in or implied by the statements in this press release. For example, Medigus uses forward looking statements when describing the potential integration of ParaZero\u2019s solutions in the automotive manufacturer\u2019s proprietary drone program. <\/p>\n<p align=\"justify\">The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed in any filings with the SEC. Except as otherwise required by law, Medigus undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. 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. Medigus is not responsible for the contents of third-party websites.<\/p>\n<p>\n        <b>Company Contact <\/b>\n      <\/p>\n<p>Tali Dinar<br \/>Chief Financial Officer<br \/>+972-8-6466-880<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=GMt2fpY0HrYS1O5viBzPKioUruddemtiL95V-qV6dGJhW9471f5XJW8ImzolQeSrrFHpeRiJV3-cM_SwLgwTjw==\" rel=\"nofollow noopener\" target=\"_blank\">ir@medigus.com<\/a><\/p>\n<p>\n        <b>Investor Relations Contact:<\/b>\n      <\/p>\n<p align=\"left\">Michal Efraty<br \/>Investor Relations, Israel<br \/>+972-(0)52-3044404<br \/><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=fkpSkPRGaxX-qsAtwBJbZ6_ijw3Ur7nbZuF7e_r8s2u3ymiE4rFnxSAPr02rPTgpVMnsVmz2bS5Y0L584KA7jRaPTEBaz_o9-7WYdO7P2q8=\" rel=\"nofollow noopener\" target=\"_blank\">michal@efraty.com<\/a>\u00a0 <\/p>\n<p>      <img decoding=\"async\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=ODg4OTY4MyM1NzQzNzcxIzUwMDA2NDMzMQ==\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" src=\"https:\/\/ml.globenewswire.com\/media\/YzRlMzE0NDItN2MzMC00N2UyLTg1ZGYtZWQ1MDI4MTE1ZmU2LTUwMDA2NDMzMQ==\/tiny\/Medigus-Ltd.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The repeat order is for a\u00a0custom safety solution\u00a0for a Fortune 500 automotive manufacturer\u2019s proprietary drone program. Tel Aviv, Israel, Aug. 08, 2023 (GLOBE NEWSWIRE) &#8212; Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in electric vehicle charging solutions, advanced medical solutions, and innovative internet technologies, today announced that ParaZero Technologies Ltd. (PRZO) (\u201cParaZero\u201d), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, (33.36% owned by Medigus), \u00a0has received a second order for its custom\u00a0drone safety system by one of the world\u2019s largest\u00a0automotive manufacturers. The repeat order follows\u00a0an agreement previously signed with the automotive manufacturer for the development of a bespoke safety solution for its proprietary drone program. The automotive manufacturer plans to integrate &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/medigus-parazero-receives-second-order-from-one-of-the-worlds-largest-automotive-manufacturers\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Medigus: ParaZero Receives Second Order from One of the World\u2019s Largest Automotive Manufacturers&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-776392","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Medigus: ParaZero Receives Second Order from One of the World\u2019s Largest Automotive Manufacturers - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/medigus-parazero-receives-second-order-from-one-of-the-worlds-largest-automotive-manufacturers\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Medigus: ParaZero Receives Second Order from One of the World\u2019s Largest Automotive Manufacturers - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"The repeat order is for a\u00a0custom safety solution\u00a0for a Fortune 500 automotive manufacturer\u2019s proprietary drone program. Tel Aviv, Israel, Aug. 08, 2023 (GLOBE NEWSWIRE) &#8212; Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in electric vehicle charging solutions, advanced medical solutions, and innovative internet technologies, today announced that ParaZero Technologies Ltd. (PRZO) (\u201cParaZero\u201d), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, (33.36% owned by Medigus), \u00a0has received a second order for its custom\u00a0drone safety system by one of the world\u2019s largest\u00a0automotive manufacturers. The repeat order follows\u00a0an agreement previously signed with the automotive manufacturer for the development of a bespoke safety solution for its proprietary drone program. 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Tel Aviv, Israel, Aug. 08, 2023 (GLOBE NEWSWIRE) &#8212; Medigus Ltd. (Nasdaq: MDGS), a technology company engaged in electric vehicle charging solutions, advanced medical solutions, and innovative internet technologies, today announced that ParaZero Technologies Ltd. (PRZO) (\u201cParaZero\u201d), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, (33.36% owned by Medigus), \u00a0has received a second order for its custom\u00a0drone safety system by one of the world\u2019s largest\u00a0automotive manufacturers. The repeat order follows\u00a0an agreement previously signed with the automotive manufacturer for the development of a bespoke safety solution for its proprietary drone program. 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