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INVEST IN PARALLEL FLIGHT TECHNOLOGIES TODAY!

Autonomous Systems to Save Lives, Property, and the Environment

At Parallel Flight Technologies, we design autonomous drones that deliver heavy payloads with precision and speed, with partnerships across the globe and 48+ LOI’s signed. *Please note that LOIs are not an official offer, are non-binding, and that all details would need to be negotiated and executed through a formal Purchase (or other) Agreement.

This Reg CF offering is made available through StartEngine Capital, LLC. This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

$740,306.55 Raised

REASONS TO INVEST

INNOVATIVE TECHNOLOGY: Our NASA, NSF, and USDA-funded technology allows our autonomous aircraft to achieve exponentially longer flight times with a heavy payload vs. existing technology.

LARGE MARKET POTENTIAL: Backed by over $9 Million of previous investments, our technology addresses several large markets across multiple verticals, totaling over $150 billion, focusing primarily on life-saving applications such as wildfire prevention and blood delivery.*

STRONG TEAM: Our CEO is a former Tesla Semi-Truck electrical engineering leader, and our leadership team is composed of deep-tech founders with experience developing robotics, drone swarms, machine vision and global operational experience deploying helicopter solutions.

*Market information provided below






the pitch

We are pioneering intelligent hover and vertical-lift with sustainable, autonomous UAV solutions to save lives, property and the environment. Our transformative Parallel Hybrid propulsion technology allows drones to carry heavy payloads exponentially longer than current technology, and can be applied across multiple logistics verticals. Our drones achieve 90% carbon footprint reduction and 50%-75% reduction of operating costs vs helicopters for many applications. Please note all aircraft is in the prototype phase and not yet currently available on the market.




Success since our last raise:

*Aircraft is in prototype phase, Firefly is not currently available on the market.



Our Drones Deliver Heavy Payloads with Precision and Speed

Our transformative Parallel Hybrid propulsion technology allows drones to carry heavy payloads exponentially longer than current technology, and can be applied across multiple global logistics verticals, including real-time and complex healthcare logistics, tactical support for firefighters and first responders, industrial logistics, military, and other mission-critical applications. With 48+ signed LOI’s (Letters of Intent) and multiple key alliances with global partners, we are focused on testing and commercialization of our technology. Please note our LOIs take into account multiple potential revenue streams of aircraft sales, aircraft leases, and aircraft maintenance which add to potential recurring revenue.*  

*Please note that LOIs are not an official offer, are non-binding, and that all details would need to be negotiated and executed through a formal Purchase (or other) Agreement.

*Aircraft is in prototype phase, Firefly is not currently available on the market.


The Problem & Our Solution


Addressing the Key Limitations of Autonomous Drones

Vertical lift operations are extremely high risk, expensive and require multiple personnel to complete industrial missions. Autonomous aircraft provide promising solutions, but are held back by key limitations: electric drones can only fly for <15 minutes when carrying a heavy payload, gas-powered are able to fly longer but are not designed for heavy payloads, autonomous helicopters have high operating costs and low asset utilization and forward flight tech does not have continuous hover capability. 

*Aircraft is in prototype phase, Firefly is not currently available on the market.


Our flagship aircraft, Firefly, is designed to carry and hover with 100 lbs of payload for up to  100 minutes. Our technology stack includes our proprietary Parallel Hybrid Drive, advanced simulation, and software-enabled capabilities to dramatically outperform existing solutions in terms of safety and flight-time with a heavy payload. This aircraft has the functionality to be programmed from a ground station or be remote-controlled by a pilot, and then autonomously perform the mission.  


*Aircraft is in prototype phase, Firefly is not currently available on the market.


We have also begun initial design for a scaled up platform, named Superfly, which will be capable of carrying up to 500 lbs. 

*Aircraft is in prototype phase, Firefly is not currently available on the market.


As an OEM (Original Equipment Manufacturer), we are planning for recurring revenue streams by selling drone services, full-stack aircraft solutions, maintenance plans, operator training, customized propulsion systems, custom AI powered software solutions, and engineering services. Our initial customers are federal, state, and municipal agencies tasked with wildland firefighting, private contractors that provide wildfire services, defense, healthcare and industrial logistics, and customers from other industrial verticals. 


We will also provide drone service operations for customers who are buying Drone as a Service (DaaS) contracts. Aircraft purchased outright will have a service plan associated with the aircraft. Both the aircraft sales (with service contract) and contract models are planned sources of recurring revenue for Parallel Flight. 



 

*Aircraft is in prototype phase, Firefly is not currently available on the market.

The Market & OUR TRACTION


Global Market Penetration Across Multiple Verticals

Our technology addresses large markets across multiple verticals, totaling over $150 billion. These market segments include: 

  • Wildfire + Land Management $23B
  • Powerline, Utility, + Infrastructure $34B (source)
  • Medical + Disaster Logistics $6B (source, source)
  • Wind Turbines $36B (source)
  • Precision Agriculture $5B (source)
  • Remote Logistics $5B (source)
  • Offshore $23B (source)
  • Defense $26B (source, source)

We are pleased to say that PFT’s solutions contribute to multiple Sustainable Development Goals set forth by the United Nations.   


Tackling Wildfire

*Aircraft is in prototype phase, Firefly is not currently available on the market.


Wildfires are an urgent public safety crisis that has been exacerbated by environmental problems. In 2021, they emitted the equivalent of 6450 megatons of CO2, roughly 13% of global greenhouse emissions (source). In addition, every year, thousands become victims of wildfires and there is a constant search for new technology that will assist in combating these fires. 

*PFT test drone carrying the IGNIS 4K prescribed burn payload for testing. 

*Aircraft is in prototype phase, Firefly is not currently available on the market.



Our UAS will provide enhanced proactive prescribed burn capabilities for fire prevention, as well as crucial staging and tactical resupply of hoses, tools, fuel, food, water, etc. for firefighting personnel on the front lines battling wildfires. The aircraft will also be able directly drop water and retardants on or around spot fires when manned aircraft are grounded due to heavy smoke or during the night. Autonomous capabilities allow our UAS to perform the “dark and dangerous” missions that include low and slow flying operations, night operations, and low visibility operations through smoke or fog that put pilots and personnel of manned aircraft at highest risk.  Our goal is to provide the wildfire community with additional aerial support capabilities so that fire bosses can keep their aircrews safe.


*Aircraft is in prototype phase, Firefly is not currently available on the market.  We have signed 48+ LOIs in initial interest for our technology and we have valued their potential revenue at over $600 million. LOIs are not official offers, are non-binding, and all details would need to be negotiated and executed through a formal Purchase (or other) Agreement. Please refer to our Forward-Looking Information Legend at the bottom of this page and refer to the risk factors in our offering materials. 


Blood Delivery by UAV

In the event that our warfighters are injured in the battlefield, there is a need to rapidly deploy medical support, including the pre-positioning and delivery of blood and other critical supplies to wounded personnel in the field. At present, these delivery logistics are severely limited, with ~55% of delays due to failed/canceled airdrops, severe weather, hostile action, or extreme risk. This results in an 80% blood wastage rate caused by just-in-case inventory.


A UAV such as Firefly, with increased flight range, lift, agility and small footprint, would increase the success of the mission within the coveted “Golden Hour” with reduced cost and lower risk to human life. The use of a heavy-lift drone would reduce pre-positioned blood inventory by ~75%, offer a ~15-20 minute reduction in turnaround time, and provide a reduction in operating cost up to 33x.


*Aircraft is in prototype phase, Firefly is not currently available on the market. We have signed 48+ LOIs in initial interest for our technology and we have valued their potential revenue at over $600 million. LOIs are not official offers, are non-binding, and all details would need to be negotiated and executed through a formal Purchase (or other) Agreement. Please refer to our Forward-Looking Information Legend at the bottom of this page and refer to the risk factors in our offering materials. 


Parallel Flight has received grants from government entities such as NASA, NSF, and the USDA. We continued to see progressive traction from senior level decision makers across mega/large cap, mid-sized businesses and governments.


We have signed 48+ LOIs in initial interest for our technology and we have valued their potential revenue at over $600 million. Please note our LOIs take into account multiple potential revenue streams of aircraft sales, leases, and maintenance which add to potential recurring revenue over a three-year time period. LOIs are not official offers, are non-binding, and all details would need to be negotiated and executed through a formal Purchase (or other) Agreement. Please refer to our Forward-Looking Information Legend at the bottom of this page and refer to the risk factors in our offering materials.  The Company currently estimates its visible commercial opportunities to be approximately $2BN and aims to capture a portion of this market. Additionally, we are engaged with strategic industry partners across multiple verticals, including Drone Amplified, Allied Disaster Defense, Colorado Center of Excellence, Island Conservation Group, and Grayback Forestry.  As for the future, we are incorporating subsidiaries, globally.


*Please note that LOIs are not an official offer, are non-binding, and that all details would need to be negotiated and executed through a formal Purchase (or other) Agreement.

Why Invest


The future of heavy lift

*Aircraft is in prototype phase, Firefly is not currently available on the market.


We are striving to build a company that will reflect our values for years to come by applying our technology to use-cases for public good . Whether it is making firefighting safer and more effective, delivering supplies after a natural disaster, performing search and rescue, or assisting our warfighters by delivering critical medical supplies to remote locations, our technology will be used to save lives in dangerous situations. 

   

With the support of our family of 5000+ investors, we’ve been able to make significant strides and achieve huge milestones, but in the spirit of always pushing forward, we have so much more to accomplish! We hope you will join us (or rejoin us, for those who have been on this ride since the beginning) on this exciting journey to save lives, property, and the environment!



Parallel Flight Technologies 17b Disclosure


   



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ABOUT

HEADQUARTERS
450 McQuaide Drive
La Selva Beach , CA 95076

At Parallel Flight Technologies, we design autonomous drones that deliver heavy payloads with precision and speed, with partnerships across the globe and 48+ LOI’s signed. *Please note that LOIs are not an official offer, are non-binding, and that all details would need to be negotiated and executed through a formal Purchase (or other) Agreement.

TEAM

Joshua Resnick
Joshua Resnick
CEO and CTO

Joshua brings a passion for groundbreaking technology and years of hybrid and electric powertrain expertise to Parallel. Prior to Parallel, he led system architecture and electrical engineering for the Tesla Semi Truck program. Before moving to California, he led state-funded research for the State of Alaska developing hybrid electric commercial fishing boats. When he is not designing the future, Joshua enjoys flying RC helicopters and hiking with his family

David Adams
David Adams
Director of Operations and Treasurer of the Board

David began his career aboard nuclear submarines and is an engineer qualified officer. Following this, he supported Naval research into drone swarms. After leaving the Navy, David focused his career on robotic systems integration and design. He has worked in both the semiconductor fabrication field and in surgical robotics. When he is not designing heavy lift drones, David enjoys snowboarding and camping with family and friends.

Bobby Hulter
Bobby Hulter
Director of Software and Controls and Secretary

Bobby has a broad background spanning physics as well as several engineering disciplines. His main focus has been on machine vision and software. He has applied these skills to industrial robotics systems for solar cell manufacturing. Bobby's primary job is engineering solar manufacturing robotics, he currently devotes 20 hrs per week at Parallel. He will be full time when we have raised sufficient funds. When he is not writing code for heavy lift drones, he enjoys camping with his family. 

Mark Bathrick

Mark Bathrick

Adviser

Mark is a retired senior executive who developed and directed the U.S. Department of the Interior’s award-winning “Drones for Good” program. He recently retired as the Director of the Office of Aviation Services for the Dept. of the Interior. He is a recipient of the 2017 Commercial Drone Alliance Industry Heroes Award and was listed in 2018 by Commercial UAV News as a Top 7 Drone Visionaries. Mark is also a Top Gun graduate and former test pilot for the Navy with 30+ years of UAS testing, acquisition, management, and operations experience. 

Chris Krajewski

Chris Krajewski

Adviser

Krajewski’s career spans over 35 years in the aviation and energy markets, including 24 years at CHC Helicopters, one of the largest helicopter operators worldwide. Chris has held senior leadership positions in the operations and commercial departments for CHC Helicopters and Heliconia Group, directing business units in Brazil, Europe, Africa, the Middle East, Australia and Asia-Pacific. Additionally, he has led global business development initiatives with a focus on pursuit of diversification into new markets. Most recently, he founded Vertical Solutions, an aerospace consulting and advisory firm.

Ret. Chief Scott Watson

Ret. Chief Scott Watson

Adviser

Scott devoted close to 40 years in the fire service, starting with the US Forest Service and retiring from CAL FIRE as a Battalion Chief. As an aerial firefighter, he has over twenty years in tactical helicopter operations.

Dorian West

Dorian West

Technical Adviser

Dorian brings 25 years of engineering experience developing complex electromechanical systems. He was an early employee at Tesla and held leadership roles for 15 years, spanning battery engineering, powertrain system development, and vehicle prototyping. He has a passion for sustainability, and he recently launched his own startup focused on decarbonizing the industrial sector.

Tyler Campana

Tyler Campana

Mechanical Engineer Intern

Tyler is a recent graduate from California State Polytechnic University, Pomona, with a bachelor’s degree in Mechanical Engineering. While completing his degree, Tyler flew drones professionally in the photography and cinematography field.

Al Schoepp

Al Schoepp

Technical Adviser

Al Schoepp has over 35 years of experience in product and technology development, previously holding lead engineering roles in the semiconductor industry. He recently retired from his Senior Technical Director role at LAM Research after spending 29 years at the company focusing on new product development and semiconductor equipment development.

Zane Schmidlen

Zane Schmidlen

UAV Flight Operator

Zane is a recent San Jose State graduate, majoring in Aviation with a minor in Business. He has his commercial pilot's license and is working on becoming a flight instructor. In his free time, he enjoys classic cars and flying RC aircraft.

Kasey Krape

Kasey Krape

Parallel Flight Fellow

Kasey brings experience from Tesla as a Senior Manager of Global Inside Sales, Global Customer Experience, and senior staff manager for Strategy and Business Development for the Tesla Semi Truck program. She currently is a Sr. PM for Retail Operations and Global Product Launch at Apple.

Mike DelPrete

Mike DelPrete

Parallel Flight Fellow

Mike is an experienced entrepreneur having founded and successfully sold Agora Studios. Following this he led strategy and then became Head of Ventures for Trade Me. Today he is an advisor to tech companies worldwide.

Shannon Knudsen

Shannon Knudsen

Director of Strategic Projects

Shan has over 14 years of experience helping small businesses, non-profits, and universities procure and manage funding from myriad sources, including a proven track record winning SBIR/STTR funding, including 4 SBIR's for Parallel Flight. 

Paul Kele

Paul Kele

Sr. Mechanical Engineer

Paul has nearly 20 years of mechanical and product engineering experience with a wide background in thermoplastics and injection molding. He is a graduate of San Jose State University and has a broad understanding of fabrication and design for manufacturing.

Gregory Bringedahl

Gregory Bringedahl

UAV Prototype Lead Technician

Greg is an aviation maintenance professional with over 10 years of experience, which he gained in the field from the US Air Force and as a civilian DOD contractor. He has an extensive background in manned aircraft maintenance and over 2,500 hours of drone flight experience.

Seraphim McGann

Seraphim McGann

Sr. Test Engineer

Seth enjoys working on electronics prototyping, embedded systems, data acquisition and analysis. He is also a very experienced coder with deep firmware experience.

Luis Barragan

Luis Barragan

Electrical Engineer

Luis is a recent graduate of the University of California, Santa Cruz, with a Bachelors in Electrical Engineering. At UCSC, Luis was part of the university's first FSAE program and CubeSat program.

Maxwell Kauker

Maxwell Kauker

Mechanical Engineer

Max is a graduate of Embry-Riddle Aeronautical University, holding a degree in Mechanical Engineering with a concentration in propulsion. He was a member of the university's rocketry club and previously interned at PFT. 

Noah Perez

Noah Perez

Aerospace Engineer

Bio: Noah is a recent graduate of San Jose State university with a bachelors degree in aerospace engineering. During his studies, he focused on projects concerning control systems, rocketry, and formula SAE. 

Sarah Abdi

Sarah Abdi

Head of Marketing

Sarah has a passion for revolutionary technology. Experience across multiple marketing disciplines in the Aerospace sector and a keen awareness for market needs, she leverages her background in strategic communications to showcase products and technology in the right light.  

Sara Lunsford

Sara Lunsford

Business Project Manager

Sara has an extensive background in business operations and bookkeeping, with over 15 years of experience in project management roles. She supports accounting, human resources and business development projects for PFT. 

TERMS

Parallel Flight Technologies
Overview
PRICE PER SHARE
$10
DEADLINE
May 18, 2023
VALUATION
$82.36M
FUNDING GOAL
$10k - $3.7M
Breakdown
MIN INVESTMENT
$490
MAX INVESTMENT
$3,700,810
MIN NUMBER OF SHARES OFFERED
1,000
MAX NUMBER OF SHARES OFFERED
370,081
OFFERING TYPE
Equity
ASSET TYPE
Common Stock
SHARES OFFERED
Class B Common Stock

Maximum Number of Shares Offered subject to adjustment for bonus shares

Most Recent Fiscal Year-End

Prior Fiscal Year-End

Total Assets

$1,159,412

$2,420,718

Cash & Cash Equivalents

$1,056,902

$2,262,190

Accounts Receivable

$0

$0

Short-Term Debt

$469,562

$205,284

Long-Term Debt

$123,764

$11,764

Revenue & Sales

$292,599

$233,349

Costs of Goods Sold

$0

$0

Taxes Paid

$0

$0

Net Income

-$2,704,598

-$2,965,401

*Maximum Number of Shares Offered subject to adjustment for bonus shares. See Bonus info below.

Forward-Looking Information Legend

THE OFFERING MATERIALS MAY CONTAIN FORWARD-LOOKING STATEMENTS AND INFORMATION RELATING TO, AMONG OTHER THINGS, THE COMPANY, ITS BUSINESS PLAN AND STRATEGY, AND ITS INDUSTRY. THESE FORWARD-LOOKING STATEMENTS ARE BASED ON THE BELIEFS OF, ASSUMPTIONS MADE BY, AND INFORMATION CURRENTLY AVAILABLE TO THE COMPANY’S MANAGEMENT. WHEN USED IN THE OFFERING MATERIALS, THE WORDS “ESTIMATE,” “PROJECT,” “BELIEVE,” “ANTICIPATE,” “INTEND,” “EXPECT” AND SIMILAR EXPRESSIONS ARE INTENDED TO IDENTIFY FORWARD-LOOKING STATEMENTS, WHICH CONSTITUTE FORWARD-LOOKING STATEMENTS. THESE STATEMENTS REFLECT MANAGEMENT’S CURRENT VIEWS WITH RESPECT TO FUTURE EVENTS AND ARE SUBJECT TO RISKS AND UNCERTAINTIES THAT COULD CAUSE THE COMPANY’S ACTUAL RESULTS TO DIFFER MATERIALLY FROM THOSE CONTAINED IN THE FORWARD-LOOKING STATEMENTS. INVESTORS ARE CAUTIONED NOT TO PLACE UNDUE RELIANCE ON THESE FORWARD-LOOKING STATEMENTS, WHICH SPEAK ONLY AS OF THE DATE ON WHICH THEY ARE MADE. THE COMPANY DOES NOT UNDERTAKE ANY OBLIGATION TO REVISE OR UPDATE THESE FORWARD-LOOKING STATEMENTS TO REFLECT EVENTS OR CIRCUMSTANCES AFTER SUCH DATE OR TO REFLECT THE OCCURRENCE OF UNANTICIPATED EVENTS.

Investment Incentives and Bonuses

2022 CF Investor Bonus | 125% Bonus Shares

As you have previously invested in Parallel Flight Technologies 2022 Reg CF Campaign, you are eligible for additional bonus shares.

Time-Based Perks

Extreme Early Bird

Invest within the first 72 hours and 30% Bonus Shares.

Super Early Bird Bonus

Invest within the first 7 days and receive 25% Bonus Shares.

Very Early Bird Bonus

Invest within the first 30 days and receive 20% Bonus Shares.

Early Bird Bonus

Invest within the first 45 days and receive 15% Bonus Shares.

Amount-Based Perks

Gold Tier | $2,000+

Invest $2,000+ and receive 15% Bonus Shares.

Titanium Tier | $5,000+

Invest $5,000 and receive 20% Bonus Shares.

Pure Consciousness Tier | $10,000+

Invest $10,000 and receive 25% Bonus Shares.

*In order to receive perks from an investment, one must submit a single investment in the same offering that meets the minimum perk requirement. Bonus shares from perks will not be granted if an investor submits multiple investments that, when combined, meet the perk requirement. All perks occur when the offering is completed.

The 10% StartEngine Owners' Bonus

Parallel Flight Technologies, Inc. will offer 10% additional bonus shares for all investments that are committed by investors that are eligible for the StartEngine Crowdfunding Inc. OWNer's bonus.

This means eligible StartEngine shareholders will receive a 10% bonus for any shares they purchase in this offering. For example, if you buy 100 shares of Class B Common Stock at $10.00 / share, you will receive 110 Class B Common Stock, meaning you'll own 110 shares for $1000. Fractional shares will not be distributed and share bonuses will be determined by rounding down to the nearest whole share.

This 10% Bonus is only valid during the investors eligibility period. Investors eligible for this bonus will also have priority if they are on a waitlist to invest and the company surpasses its maximum funding goal. They will have the first opportunity to invest should room in the offering become available if prior investments are canceled or fail.

Investors will receive the highest single bonus they are eligible for among the bonuses based on the amount invested and the time of offering elapsed (if any). Eligible investors will also receive the Owner’s Bonus and the Loyalty Bonus in addition to the aforementioned bonus.

Irregular Use of Proceeds

The Company will not incur any irregular use of proceeds.

PRESS

Article Image
SiliconValley.com

Heavy-duty drones take flight to combat California wildfires

Article Image
sUAS News

Former Tesla Director of Engineering and Former LAM Research Technical Director Join Parallel Flight Technologies’ Advisory Board

Article Image
Santa Cruz Tech Beat

Are Parallel Flight Technologies’ drones being used to start fires?

Article Image
Monterey Bay Drones Automation & Robotics Technology

2019 Monterey Bay DART Symposium Highlights Reel

Article Image
The Weather Channel

Inventing a Better Way to Fight Fires

ALL UPDATES

05.31.23

Parallel Flight Inks Multi-Million Dollar aircraft deal with India's UAV System

Hey Followers! 

We are thrilled to share that Parallel Flight has secured a purchase agreement for 50 aircraft, with paid deposits, from UAV Systems Private Limited (UAVS), a drone and robotics solution provider based in India. 

This landmark agreement is next chapter for Parallel Flight's global expansion and will further position us to lead the way for the rapidly growing commercial UAV market in India.

Read the full press release (link below) to learn what CEO, Joshua Resnick, has to say about the growing demand for heavy-lift drone technology around the world, and WHAT Parallel Flight is doing to answer that call.

This latest purchase agreement is a huge win for the continued growth of Parallel Flight, as we work to scale our technology for use across several critical industrial verticals.

Without the continued and dedicated support of the PFT Family, none of this would have been achievable - THANK YOU!

READ FULL PRESS RELEASE

05.18.23

ONLY HOURS LEFT TO INVEST

TIME IS ALMOST UP! 

Only hours left to make your final investments in Parallel Flight! Our funding round closes at 11:59pm PT!

 Be sure to check our investment tiers to see which level of bonus shares you may be eligible for! 

Don't miss out on this opportunity - Parallel Flight is poised for take off - join us on this journey to pioneer autonomous systems to SAVE LIVE, PROPERTY, AND THE ENVIRONMENT! 


05.17.23

12 HOURS LEFT TO INVEST


ONLY 12 HOURS REMAIN TO MAKE YOUR INVESTMENTS IN PARALLEL FLIGHT! THIS COULD BE YOUR LAST OPPOTUNITY TO INVEST IN A COMPANY THAT HAS HUGE GROWTH POTENTIAL, GLOBALLY. 

------------

TODAY, MAY 17TH @ 1PM

Join us for a webinar, where the Parallel Flight Executive team will be giving details on exciting company updates, a blitz style pitch, as well as answering your questions in a Q&A format. Don't miss this opportunity to hear exclusive news!

Space is limited.

RESERVE YOUR SEAT

05.17.23

24 HOURS LEFT TO INVEST IN PARALLEL FLIGHT

Team, 

THIS. IS. IT

At midnight tonight (May 17th), our Reg CF campaign is closing - meaning NOW is the time to secure your investments in Parallel Flight.

Over $10M in previous investments, $1.5M in Non-Dilutive Funding (with more in the pipeline), a total addressable market of $150 BILLION and 48+ signed LOI's (valued $600M+), Parallel Flight is positioned for tremendous growth, globally. 

Join 6000+ investors on our journey to pioneer autonomous systems to SAVE LIVES, PROPERTY, AND THE ENVIRONMENT. 

We hope you don't miss out! 

------------------

TODAY, MAY 17TH @ 1PM

Join us for a webinar, where the Parallel Flight Executive team will be giving details on exciting company updates, a blitz style pitch, as well as answering your questions in a Q&A format. Don't miss this opportunity to hear exclusive news!

Space is limited.

RESERVE YOUR SEAT

05.16.23

A Strategic Partnership to Revolutionize Island Restoration

PRESS RELEASE

Island Conservation and Parallel Flight Technologies partner to revolutionize the restoration of islands worldwide 

We are very excited to announce our strategic partnership with Island Conservation, a leading global nonprofit organization that restores and protects island-ocean ecosystems by removing destructive invasive species. 

Islands are biodiversity hotspots that are home to an incredible range of birds and terrestrial animals, as well as abundant marine life in the surrounding ocean. However, they are also vulnerable to destructive invasive species, such as rodents that destroy natural habitat. Roughly 75 percent of reptile, bird, amphibian, and mammal extinctions combined have occurred on islands with invasive species as a primary cause. Removing this threat is crucial to ensuring ecological balance and diversity. 

Read the full press release (link below) to learn more about WHY Island Conservation says the 'solution lies in hybrid unmanned aircraft systems (UAS) with large payload capacities and long-range capabilities', and HOW Parallel Flight is able to answer by providing groundbreaking technology to help Island Conservation achieve their goals to restore globally important islands more efficiently, effectively and sustainably.

This strategic partnership is a big win for Parallel Flight Technologies, and provides us access to directly impact global biodiversity initiatives by replacing helicopters and implementing our scalable technology for use across remote islands around the world.

READ FULL PRESS RELEASE 


---------------

If you've been thinking about an investment in Parallel Flight - now is the time to act. You have LESS THAN 2 days to make your commitments.

Don't miss the opportunity to own shares in a company that has massive global growth potential, and is making key steps in pioneering autonomous systems to SAVE LIVES, PROPERTY AND THE ENVIRONMENT.

INVEST NOW!

05.16.23

2 DAYS LEFT...CLOCK IS SERIOUSLY TICKING

If you've been thinking about an investment in Parallel Flight - now is the time to act. You have JUST 2 days to make your commitments.

Over $10M in previous investments, $1.5M in Non-Dilutive Funding (with more in the pipeline), a total addressable market of $150 BILLION and 48+ signed LOI's (valued $600M+), Parallel Flight is positioned for tremendous growth, globally. 

We have a lot of exciting traction in our pipeline that holds great promise for the future growth of Parallel Flight. Don't miss your chance - INVEST TODAY! 

------------------

Join us THIS WEDNESDAY, May 17TH @ 1pm PST 

for a webinar, where the Parallel Flight Executive team will be giving details on exciting company updates, a blitz style pitch, as well as answering your questions in a Q&A format. Don't miss this opportunity to hear exclusive news!

Space is limited! Reserve Your Seat

05.15.23

THIS IS IT...3 DAYS LEFT TO INVEST IN A DRONE THAT CAN SAVE LIVES

Don't miss your chance to invest in a company that is deploying technology to SAVE LIVES.

Join 6000+ other investors who have gotten in on the ground floor, before Parallel Flight takes off, globally!

----------------

Everyday U.S. warfighters risk their lives on the frontlines to protect our nation. 

We know all too well that sometimes, those lives are taken too soon due to injuries and hostile action on the battlefield. At present when one of our troops is injured a blood delivery team is sent to respond via Blackhawk helicopter or a C-130. These delivery logistics are severely limited, with ~55% being delayed due to failed/canceled airdrops, severe weather, hostile action, or extreme risk to personnel or expensive assets. This results in an 80% blood wastage rate caused by just-in-case inventory.

A medical group within the U.S. Air Force has signed a memorandum using Parallel Flight’s drone technology to support an emergency blood delivery by UAV program. 

A UAV such as Firefly, with increased flight range, lift, agility and small footprint, would increase the success of the mission within the coveted “Golden Hour”  with reduced cost and, most importantly, lower risk to human life. The use of  our heavy-lift drone would reduce pre-positioned blood inventory by ~75%, offer a ~15-20 minute reduction in turnaround time, and provide a reduction in operating cost up to 33x.

Using our heavy-lift platform will SAVE LIVES. 

More details to come on the testing and development of this program.

-------------------

INVEST NOW

05.13.23

4 DAY LEFT...RUN!

ONLY 4 DAYS LEFT UNTIL OUR FUNDING ROUND CLOSES!

IF YOU HAVENT SECURED YOUR INVESTMENT, NOW IS THE TIME...

WITH INTEREST FROM BOTH GOVERMENT AND PRIVATE SECTORS AND $600M+ VALUED IN LOI's - WE ARE ON THE BRINK OF TAKING OFF - GET IN BEFORE IT'S TOO LATE!

INVEST NOW!

05.12.23

TICK TOCK...5 DAYS REMAIN

THE COUNTDOWN IS ON - ONLY 5 DAYS REMAIN TO CLOSE ON YOUR INVESTMENTS IN PARALLEL FLIGHT

OVER $10M IN PREVIOUS INVESTMENTS AND $1.5M IN NON-DILUTIVE FUNDING, PARALLEL FLIGHT IS POISED FOR GROWTH, GLOBALLY. 

WITH A TOTAL ADDRESSABLE MARKET OF $150 BILLION AND 48+ SIGNED LOI'S (VALUED OVER $600M+), NOW IS YOUR TIME TO JOIN OVER 6000+ INVESTORS ON A JOURNEY TO PIONEER HEAVY-LIFT DRONES TO SAVE LIVES, PROPERTY AND THE ENVIRONMENT. 


INVEST NOW!

05.11.23

Putting Firefly to the TEST

Hi Followers,

Over the course of the past several months, we’ve shared some of the behind the scenes that goes into our extensive reliability testing. Sometimes this testing doesn’t require flight and instead includes testing like what you see in this video: 

Single axis stability testing: confirms flight controller tuning under harsh conditions.

What we’re ultimately doing here is putting Firefly to the test and simulating various flight conditions that our aircraft may encounter during a mission, as well as simply beating the aircraft up to shake out any failure points. This type of testing is one of if not THE most important step in our product development roadmap!

This should give you a glimpse of why we are extensively testing our aircrafts, so that we can make sure our drone will perform for customers in the most austere conditions. 

Stay tuned!

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NA
Nitin Arora

38 INVESTMENTS

4 months ago

You guys recently raised at $175M valuation and now the valuation is less than half of that. What happened there and how come valuation is down by 50% within a year?

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MC
Miguel Costa

17 INVESTMENTS

8 days ago

Hello PFT, Many congratulations and job well done with your first deal/order. 💪🏻 It vastly surpassed what I thought that the first order for PFT would be. Keep up the great work!🚀🌝

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MC
Miguel Costa

17 INVESTMENTS

22 days ago

Hello PFT, Could you share the webinar that took place today? And or make an update about whatever exciting news aren't here already? Best regards, Miguel Costa

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KP
Kyle Pestano

4 INVESTMENTS

23 days ago

What is your run rate/cost reduction strategy? Looks like you're burning through 2mil cash per year, only have 1 mil in the bank, and only about 700k to be raised in this Reg CF.. any other revenue/sales/investments coming in that could help get through a recession? Are employers/officers getting paid in equity? Only see the CEO mentioned who only takes a salary?

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WC
W Kim Colich

87 INVESTMENTS

24 days ago

Hi Joshua, should you have another raise, please do NOT make the minimum investment so HIGH. Please make it more in the $200 to $300 range so as to make it available to more "small investors" who are severely limited by the SEC CF rules. Thanks. Blessings,

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MC
Miguel Costa

17 INVESTMENTS

a month ago

Hello, Recently, I have read that Amazon has ditched their drones -as apparently the drones delivered less than 10 packages successfully- and has laid off a good amount of their drone department. Is Parallel Flight Technologies going to try to pursue Amazon drone delivery? Best regards, Miguel Costa

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DS
Donald Smith

3 INVESTMENTS

a month ago

Has FEMA been approached to incorporate this drone technology into their portfolio?

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JH
Jeffrey Henderson

3 INVESTMENTS

2 months ago

What are the chances that because you are working with the defense department, that they will want you to weaponize your drones for military purposes? Some of us investors may not want to take part in creating a killing machine.

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ML
Manuel Lugo Recart

2 months ago

How about doing something similar to this? https://www.businessinsider.com/startup-founder-millions-blake-resnick-drone-brinc-peter-thiel-2023-4

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FL
Frederick Lowe

7 INVESTMENTS

2 months ago

Suggest you talk with Fuel Gems. They have a fuel additive that in real life testing, has increased gas mileage in diesel cars and trucks by around 20%. If the fuel you use in your drones allowed you even 15% increase flight time/distance, that would be significant. And the great thing is that it only takes a tiny amount of additive in 650 gallons of fuel, so very low cost - pennies per gallon.

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