INVEST IN PARALLEL FLIGHT TECHNOLOGIES TODAY!
Autonomous Systems to Save Lives, Property, and the Environment
$392,327.10 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
ABOUT
HEADQUARTERS
450 McQuaide Drive
La Selva Beach , CA 95076
WEBSITE
View Site
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
CEO and CTO
David Adams
Director of Operations and Treasurer of the Board
Bobby Hulter
Director of Software and Controls and Secretary
Mark Bathrick
Adviser
Chris Krajewski
Adviser
Ret. Chief Scott Watson
Adviser
Dorian West
Technical Adviser
Tyler Campana
Mechanical Engineer Intern
Al Schoepp
Technical Adviser
Zane Schmidlen
UAV Flight Operator
Kasey Krape
Parallel Flight Fellow
Mike DelPrete
Parallel Flight Fellow
Shannon Knudsen
Director of Strategic Projects
Paul Kele
Sr. Mechanical Engineer
Gregory Bringedahl
UAV Prototype Lead Technician
Seraphim McGann
Sr. Test Engineer
Luis Barragan
Electrical Engineer
Maxwell Kauker
Mechanical Engineer
Noah Perez
Aerospace Engineer
Sarah Abdi
Head of Marketing
Sara Lunsford
Business Project Manager
TERMS
Parallel Flight Technologies
Overview
PRICE PER SHARE
$10
DEADLINE
Apr 12, 2023
VALUATION
$82.36M
AMOUNT RAISED
$392,327.10
Breakdown
MIN INVESTMENT
$490
MAX INVESTMENT
$3,700,810
MIN NUMBER OF SHARES OFFERED
1,000
OFFERING TYPE
Equity
ASSET TYPE
COMMON
SHARES OFFERED
Class B Common Stock
MAX NUMBER OF SHARES OFFERED
370,081
Maximum Number of Shares Offered subject to adjustment for bonus shares
Company | : | Parallel Flight Technologies, Inc. |
Corporate Address | : | 450 McQuaide Drive, La Selva Beach , CA 95076 |
Offering Minimum | : | $10,000.00 |
Offering Maximum | : | $3,700,810.00 |
Minimum Investment Amount(per investor) | : | $490.00 |
Terms
Offering Type | : | Equity |
Security Name | : | Class B Common Stock |
Minimum Number of Shares Offered | : | 1,000 |
Maximum Number of Shares Offered | : | 370,081 |
Price per Share | : | $10.00 |
Pre-Money Valuation | : | $82,358,840.00 |
*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.
NEW UPDATES
03.23.23
Don't Miss Your Chance Before It Expires!
Hi PFT Followers,
One of the main goals for Parallel Flight as we launched our current fundraising round was to REWARD our past investors and the new ones too!
We put together a very beneficial bonus structure for our PFT followers to take advantage of so that they could make their investments in Parallel Flight stronger.
We have been thrilled to see so many of you take part of the various bonus share incentives we've had available throughout our campaign.
If you haven't taken advantage (or even if you have and you want to re-invest), NOW IS THE TIME TO INVEST!!
THERE IS ONLY A SMALL WINDOW LEFT UNTIL THE VERY LAST BONUS PERK OF THIS CAMPAIGN EXPIRES...AND IT'S A GOOD ONE!
We've shared a lot of exciting news about the progress Parallel Flight is making and there is MORE that we are going to be sharing soon. Now is the time to double down on your investments, and secure bonus shares before it is too late!
Parallel Flight is taking off and we want you to be a part of it! Join us in pioneering heavy-vertical lift to Save Lives, Property and the Environment.
PRESS
ALL UPDATES
03.21.23
Check Out this Wicked Fast Engine Response!
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Can you guess this theme song?
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If you guessed Top Gun, bingo!
Now, this video of the Firefly propellers ‘singing’ the Top Gun theme song isn’t just the Parallel Flight team having fun - this actually demonstrates our Parallel Hybrid Electric Multirotor modules ability to rapidly change RPM’s of the propellers. Why is this important?
It may seem silly, but by using the Top Gun, our team is able to measure and validate the metrics of the power module by tracking the rapid RPM changes. The fact that the modules are able to do this translates to an aircraft that is very maneuverable, which is extremely important for the type of missions that Firefly will be flying.
Stay tuned for videos of us dropping some ‘Great Balls of Fire!’
03.16.23
Mission demonstrations at Travis Air Force Base
Hi PFT Followers,
Earlier this week, we shared some behind the scenes of Firefly PS1 underdoing simulated mission, endurance and fuel burn testing in preparation for an on-site mission demonstration this week.
While we are limited on what we can share (because DoD), we do have approval to fill you in on some of the details!
Our team was invited to participate in a mission demonstration at Travis Air Force Base, and participate in the Phoenix Spark Innovation Week.
Innovation week is the culmination of efforts, pushing the boundaries to create ideas that make the Air Force more efficient, more capable, and more lethal. Innovation Week is an event that brings technical experts and industry partners to Travis Air Force Base to showcase new emerging technology that will have a beneficial impact towards rapid global mobility.
Stay tuned for more!
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There is not much time left to take advantage of the very last bonus perk of the campaign. We're extremely excited about the progress we are making, and are looking forward to sharing more with you soon. Now is the time to double down on your investments, and secure bonus shares before it is too late!
03.13.23
Firefly is getting ready for an upcoming mission
Did you miss the recent announcement where we shared that Parallel Flight was selected to be a Deep Tech Pioneer by Hello Tomorrow? We shared how we were invited to participate in the Global Summit, a massive event held at Le Centquatre, in Paris, and hosted by the President of the French Republic, Emmanuel Macron. Read the full Press Release here.
On our PFT social media channels last week, we showed snippets of our time at the Epicenter of Deep Tech. We participated in a jam-packed week, where the top 150+ VC's and CVC's around the globe, were on a mission to unearth early-stage deep tech startups that are developing cutting-edge technologies to tackle global challenges.
The PFT team walked away from the week with key connections, promising conversations and a ton of growth as we continue on our path to pioneer autonomous systems to save lives, property and the environment.
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Are you curious to learn more about how PFT's Firefly aircraft can be applied across multiple industries? Join us for a webinar to take a deep dive on PFT's heavy-lift UAV platform use cases. We will share details on some of our key applications, discuss the impact of our technology and give a behind the scenes of the ongoing traction in each sector.
Don't miss it!
March 15th @ 1pm PT
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Today in the testing field at PFT Headquarters, Firefly PS1 is undergoing simulated mission, endurance, and fuel burn testing in preparation for an on-site mission demonstration this week at an Airforce base (more details to come).
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03.10.23
News about Firefly Product Sample 2!
Hi PFT Followers,
We are excited to share that the the team at PFT HQ has been busy configuring the Firefly Product Sample 2 (PS2). As you can see in this behind the scenes photo from our shop, this is the beginning of the aircraft frame. Next in the assembly timeline, we will install the engine, then attach the 4 legs, and lastly the 4 Parallel Hybrid Electric Motor (PHEM) modules will be installed. After assembly is complete, the team will then conduct simulation testing with this aircraft to ensure everything is working properly, before sending it for the first round of flight testing out in our testing field!
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Are you curious to learn more about how PFT's Firefly aircraft can be applied across multiple industries? Join us for a webinar to take a deep dive on PFT's heavy-lift UAV platform use cases. We will share details on some of our key applications, discuss the impact of our technology and give a behind the scenes of the ongoing traction in each sector.
Don't miss it!
March 15th @ 1pm PT
03.08.23
USDA Wildlife Services Partners with Parallel Flight Technologies for UAS Biodiversity Initiative
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03.03.23
Parallel Flight is the Update of the Week!
We are so excited that our recent announcement about our invitation to Hello Tomorrow's upcoming Global Summit caught so much attention that we are now featured at Start Engine's update of the week!
This event is being held under the High Patronage of Mr. Emmanuel Macron, President of the French Republic. Our team will be en-route to Paris early next week, so be sure to keep your eyes peeled for some real-time updates from the other side of the Atlantic!
You can read the full press release about PFT being selected as a Deep Tech Pioneer here!
03.01.23
International Expansion and Announcing a KEY Appointment!
Parallel Flight Advances International Expansion and Announces Key Appointment of Cathy Press
LA SELVA BEACH, CA, UNITED STATES, March 1, 2023 -- Parallel Flight Technologies, a leader in autonomous heavy-lift drone technology, today announced the appointment of Cathy Press to lead its Canadian operations, based in Vancouver. This expansion marks Parallel Flight’s first presence in Canada, where it will strategically serve as a global anchor to help the organization supply and service advanced autonomous, heavy-lift, vertical flight systems to customers across several industries.
Named as one of the 2019 Canada’s Most Powerful Women: Top 100 Award, Cathy Press brings an impressive resume to lead Parallel Flight’s operations in Canada. As the first female Flight Instructor in Canada, Cathy holds nearly 40 years of executive aviation experience and has led Chinook Helicopters, an industry leader in training some of the best helicopter pilots, globally. As someone who began flying at the age of 11 and did her first solo flight at 16, Cathy has a long history of persevering toward big challenges and goals in her extraordinary aeronautical career. In her early career, Cathy was one of only six women in Canada licensed to fly helicopters, and flew charters in areas of electronic newsgathering, aerial survey, search and rescue, forestry and air taxi. Currently, Cathy is the only person in Canada to hold a ‘Transport Canada Pilot Examiner’ status in both airplanes and helicopters, giving her the ability to license new instructors and pilots. Her impressive list of aviation accolades continues to include The Bank of Montreal’s Innovation and Global Growth Award, Enterprising Women of the Year by Enterprising Magazine and Chinook Helicopters received the BC Aviation Council’s Back and Bevington Air Safety Award for the most significant contribution to air safety in British Columbia.
“Cathy’s unmatched experience in aviation and hands-on business approach is undoubtedly going to be a key asset as we continue to expand Parallel Flight’s footprint across the Canadian region”, adds Joshua Resnick, CEO of Parallel Flight Technologies. “We are thrilled to welcome such an esteemed visionary to the Parallel Flight team and look forward to significant growth in Canada under Cathy’s leadership”.
Parallel Flight is well poised for explosive growth internationally. The company has developed patented parallel hybrid drone technology that enables its aircraft to fly exponentially longer in hover with a heavy payload, than existing electric systems. The company’s transformative UAS technology can be applied across multiple logistics verticals, including real-time and complex healthcare logistics, tactical support for firefighters and first responders, and industrial logistics. By serving as an original equipment manufacturer and service provider, Parallel Flight Technologies is well-positioned to revolutionize drones as a service (DAAS) on a global scale.
02.22.23
A Rare opportunity to join us...
PRESS RELEASE
Hello Tomorrow Selects Parallel Flight Technologies as a Deep Tech Pioneer
Parallel Flight chosen by Hello Tomorrow to join selective community of the most promising deep tech startups, and invited to the Global Summit in Paris.
Parallel Flight Technologies, a California-based heavy-lift drone and hybrid propulsion technology company, has been chosen as a Deep Tech Pioneer by Hello Tomorrow, a selective program dedicated to providing a platform for innovative companies in the Deep Tech sector. From over 4000 applications across 115 countries, Parallel Flight was among 200 finalists chosen to be a part of the prestigious global community.
Made up of a rigorous panel of 72 experts in 30 countries, Hello Tomorrow searches the globe for innovative companies that are solving the world’s toughest challenges, based on each company's technological innovation, scale of potential impact, leadership and viability.
“We are honored to have been selected as a Deep Tech pioneer, and privileged to be in the ranks among other notable organizations who are solving the world’s toughest challenges. This prestigious title not only validates the technology we are building at Parallel Flight, but it allows us a platform to showcase our technology and be a part of a consortium of companies who are molding the future. This is an exciting opportunity for us, and brings us closer to realizing our dream of autonomous systems to Save Lives, Property and the Environment,” says Parallel Flight CEO/CTO, Joshua Resnick.
Parallel Flight was also selected to attend the French NPO’s annual Global Summit, the largest annual deep tech event, held in Europe, this March 7th-10th. Under the High Patronage of Mr. Emmanuel Macron, President of the French Republic, the Hello Tomorrow Global Summit hosts 3,500 of the brightest deep tech enablers including entrepreneurs, academics, investors and corporate executives. Over two days, the event in Paris will become a nexus of deep tech innovation, empowering entrepreneurs to build a better tomorrow.
Parallel Flight has developed patented parallel hybrid drone technology that enables its aircraft to fly exponentially longer with a heavy payload, than existing electric systems. The company’s transformative UAS technology can be applied across multiple logistics verticals, including real-time and complex healthcare logistics, tactical support for firefighters and first responders, military applications and industrial logistics. By serving as an original equipment manufacturer and service provider, Parallel Flight Technologies is well-positioned to revolutionize drones as a service (DAAS) on a global scale.
For more information on Parallel Flight, please visit www.parallelflight.com
To view the official press release, click here.
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Since its inception, Parallel Flight has considerably evolved and matured into a company with a global potential. This webinar is a rare opportunity to join us for a deep dive into PFT's overall positioning and global business strategy. CEO, Joshua Resnick, will be sharing important details and giving a behind the scenes look into PFT's pitch deck. You DON'T want to miss this!!
February 23rd at 11:30am PT
02.17.23
USDA + US Forest Service release new wildfire mitigation strategy
Hi PFT followers!
The U.S. Department of Agriculture (USDA) and the U.S. Forest Service (USFS) recently announced a new Wildfire Crisis Strategy. Due to numerous factors (warming climate, accumulating fuels, expanding developments), our nation faces a growing wildfire crisis. Building on previous wildfire risk reduction work, this strategy is set to treat an additional 50 million acres of hazardous firesheds, in an effort to protect high risk communities and critical infrastructure.
This will ultimately allocate $131 million in new funding from the Bipartisan Infrastructure Law as a down-payment for this critical work.
As the USFS prepares to confront the wildfire crisis with this new 10-year strategy, PFT has begun the test and evaluation of its Firefly/IGNIS-4K autonomous aerial ignition solution. We are looking forward to collaborating closely with the USFS and DOI on transitioning Firefly from technical demos to operational demos that integrate smoothly with industry protocols and best practices. Funded via USDA Phase II program, this PFT and Drone Amplified solution has the ability to increase burn acreage from 250 acres per flight to between 1000 and 2000 acres per flight. Once deployed, this technology will serve as an integral tool to allow 24/7 flights in limited visibility conditions and enhance safety by removing manned aircraft from low, slow and dangerous operations that put pilots and crew at risk. Parallel Flight is thrilled to be a part of the expanded scope of the new 10-year plan to achieve these strategic goals.
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Our Reg CF campaign has now raised over $270,000! This type of support says it all: a true belief in our mission to pioneer autonomous systems to Save Lives, Property and the Environment.
Want in? You can still take advantage of exclusive perks and secure your bonus shares!
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Want to know more? Join us for a webinar, where CEO, Joshua Resnick and PFT executives will be giving a deep dive into Parallel Flight's overall positioning and global business strategy. You'll also get a behind the scenes look into PFT's pitch deck.
February 23rd at 11:30 am PT
02.13.23
Super Early Birds....your bonus shares are waiting!
Our Reg CF campaign has now raised over $200k in less than a week! This support from our investor base is truly amazing, and we can't thank you enough for choosing to join Parallel Flight's journey to pioneer autonomous systems to Save Lives, Property and the Environment.
Some of you missed out on our Extreme Early Bird perk, but not to worry because you still have LIMITED time left to take advantage of the Super Early Bird incentive bonus. Don't miss your chance - once it's gone, it's gone.
Whether you’ve already invested or not, you should know that we’re looking to build a long-term relationship with our investors. Our ultimate goal is to build a community of investors that influence others and act as our brand advocates. We’re confident that we’ll all be working together for a long time.
Are you a supporter of PFT? We have a favor to ask: Referrals are the single most effective way to make sure that our campaign is a success. When we say our, we mean you too! You are all a part of the PFT Investor family. A successful campaign gets us one step closer to executing our mission.
Please feel free to share this investment opportunity with your family, friends and anyone who wants to be a part of a company that is going to revolutionize several large markets across multiple verticals, totaling over $150 Billion.
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15%
Early Bird Bonus
Invest within the first 45 days and receive 15% Bonus Shares.
Stack Owner's Bonus & Rewards!
Members get an extra 10% shares in addition to rewards below!
REWARDS
$490
Earn 10% Bonus Shares
Earn 10% bonus shares in this investment and all eligible investments for an entire year. If you are not already an Owners bonus holder, you can join now, for $275, billed annually.
$490
Early Bird Bonus
Invest within the first 45 days and receive 15% Bonus Shares.
$2,000
Gold Tier
Invest $2,000+ and receive 15% Bonus Shares.
$5,000
Titanium Tier
Invest $5,000 and receive 20% Bonus Shares.
$10,000
Pure Consciousness Tier
Invest $10,000 and receive 25% Bonus Shares.
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With Regulation A+, a non-accredited investor can only invest a maximum of 10% of their annual income or 10% of their net worth per year, whichever is greater. There are no restrictions for accredited investors.
With Regulation Crowdfunding, non-accredited investors with an annual income or net worth less than $124,000, are limited to invest a maximum of 5% of the greater of those two amounts. For those with an annual income and net worth greater than $124,000, he/she is limited to investing 10% of the greater of the two amounts.
At the close of an offering, all investors whose funds have “cleared” by this time will be included in the disbursement. At this time, each investor will receive an email from StartEngine with their Countersigned Subscription Agreement, which will serve as their proof of purchase moving forward.
Please keep in mind that a company can conduct a series of “closes” or withdrawals of funds throughout the duration of the campaign. If you are included in that withdrawal period, you will be emailed your countersigned subscription agreement and proof of purchase immediately following that withdrawal.
StartEngine assists companies in raising capital, and once the offering is closed, we are no longer involved with whether the company chooses to list shares on a secondary market, or what occurs thereafter. Therefore, StartEngine has no control or insight into your investment after the close of the live offering. In addition, we are not permitted to provide financial advice. You may want to contact a financial professional to discuss possible investment outcomes.
For Regulation Crowdfunding, investors are able to cancel their investment at any point throughout the campaign up until 48 hours before the closing of the offering. Note: If the company does a rolling close, they will post an update to their current investors, giving them the opportunity to cancel during this timeframe. If you do not cancel within this 5-day timeframe, your funds will be invested in the company, and you will no longer be able to cancel the investment. If your funds show as ‘Invested’ on your account dashboard, your investment can no longer be canceled.
For Regulation A+, StartEngine allows for a four-hour cancelation period. Once the four-hour window has passed, it is up to each company to set their own cancelation policy. You may find the company’s cancelation policy in the company’s offering circular.
Once your investment is canceled, there is a 10-day clearing period (from the date your investment was submitted). After your funds have cleared the bank, you will receive your refund within 10 business days.
Refunds that are made through ACH payments can take up to 10 business days to clear. Unfortunately, we are at the mercy of the bank, but we will do everything we can to get you your refund as soon as possible. However, every investment needs to go through the clearing process in order to get sent back to the account associated with the investment.
Both Title III (Regulation Crowdfunding) and Title IV (Reg A+) help entrepreneurs crowdfund capital investments from unaccredited and accredited investors. The differences between these regulations are related to the investor limitations, the differing amounts of money companies are permitted to raise, and differing disclosure and filing requirements. To learn more about Regulation Crowdfunding, click here, and for Regulation A+, click here.
