ParaZero, Delta Drone merge to form Delta Drone International

By on 9 December, 2020

 

The new ‘drones as a service’ company will be headquartered in Adelaide.

Delta Drone International — formerly ParaZero — made the ASX announcement comes after a successful $5m raise and merger with Delta Drone South Africa.

Delta Drone is well established in South Africa in providing aerial surveying and mapping services, while ParaZero’s focus to date has been on an innovative automated parachute safety system for UAVs.

Material released by the new firm indicates they will position themselves as managing ‘everything in the air’ — safety, compliance, data and survey collation through drone activity and data turnaround.

Delta Drone International indicated they raised in excess of 15 percent of the maximum sought in the raise, will proceed with the acquisition of Delta Drone South Africa and relist on the ASX on December 22.

Stay up to date by getting stories like this delivered to your mailbox.
Sign up to receive our free weekly Spatial Source newsletter.

You may also like to read:


, , , , , , ,


Newsletter

Sign up now to stay up to date about all the news from Spatial Source. You will get a newsletter every week with the latest news.

  • This field is for validation purposes and should be left unchanged.
Mexico City is sinking at up to 50 cm per year
Researchers say subsidence caused by groundwater extraction ...
CASA plain-language guide for drone users
The Plain English Guide explains the regulations for commerc...
Esri releases 2020 global land cover map
The map, part of Esri’s Living Atlas, was built with Senti...
Code of practice for autonomous vehicles
Trusted Autonomous Systems is developing a code of practice ...