By Arie Egozi
Israel’s ParaZero has announced a strategic international merger as it looks to build market share with international drone services provider Delta Drone South Africa. The merged entity – Delta Drone International will initially target opportunities in Australian sectors across mining, agriculture and oil & gas – an addressable market in 2020 of USD486 million globally.
Delta Drone is already an established player in this market, providing international drone services and tech solutions for the mining, agricultural and engineering industries.
Based in Israel, ParaZero’s drone safety technology systems are increasingly being used for drone deliveries, crowd monitoring and in urban areas, as well as beyond visual line of sight (BVLOS) missions.
Its technology has been used to secure more than US 100 Federal Aviation Administration (FAA) waivers by commercial drone operators for flights over people and BVLOS operations. Its product range has recently been expanded to include heavy-lift drones for the mining and construction sectors, which will support its focus on these industries.
The merged entity will be headquartered in Australia and led by current Delta Drone South Africa CEO Chris Clark. “Our expansion into Australia will provide immediate revenue and growth opportunities for Delta Drone International, while ParaZero’s drone safety tech provides long-term growth opportunities as urban drone delivery increases globally,” Clark said.
In this market, ParaZero’s drone safety solutions are already being used for many drone delivery firsts, including in Canada, Israel and Brazil, where its drone parachutes are assisting with urgent medical drone deliveries.
“Australia’s large agriculture sector is another focus for Delta Drone International, where our drone solutions include plant population, weed and plant disease analysis, yield estimation and drought analysis,” Clark said. To fund the merger, ParaZero is in talks with investors to raise up to AUD5 million at 4c a share through lead manager Baker Young Limited in Adelaide.