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.
Parallel Flight Technologies

$392,327.10 Raised

REASONS TO INVEST

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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.

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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.*

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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
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

Most Recent Fiscal Year-End

Prior Fiscal Year-End

Total Assets

$2,420,718

$873,306

Cash & Cash Equivalents

$2,262,190

$817,928

Accounts Receivable

$19,058

$0

Short-Term Debt

$205,284

$158,218

Long-Term Debt

$11,764

$11,764

Revenue & Sales

$233,349

$256,105

Costs of Goods Sold

$365,772

$247,368

Taxes Paid

$742

$800

Net Income

-$2,965,401

-$1,230,217


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. 

CLICK TO INVEST

 

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

03.21.23

Check Out this Wicked Fast Engine Response!


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

Can you guess this theme song?

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


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! 

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

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!

INVEST NOW


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. 

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

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

REGISTER HERE

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

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).

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

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!

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

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

REGISTER HERE

03.08.23

USDA Wildlife Services Partners with Parallel Flight Technologies for UAS Biodiversity Initiative

USDA Wildlife Services Partners with Parallel Flight Technologies for UAS Biodiversity Initiative

We are excited to announce that Parallel Flight has been selected by the USDA Wildlife Services (WS) program in conjunction with the U.S. Air Force to develop and demonstrate a drone-based aerial delivery platform to eradicate invasive rodents from Wake Island Airfield and the entirety of Wake Island Atoll. 

Islands represent the greatest concentration of both biodiversity and species extinctions. Island species are often evolutionarily distinctive and highly vulnerable to novel disturbances, particularly invasive species. Invasive species, which primarily spread around the globe via human transportation systems, are a leading cause of extinctions on islands and biodiversity loss globally. Islands are extinction epicenters for 75% of reptile, bird, amphibian, and mammal extinctions. Invasive species play a critical role and are implicated in 86% of all recorded extinctions. Restoring islands by eradicating invasive mammals has repeatedly proven to be a high-impact conservation action that encourages marine resilience, restoration of island communities, prevents extinction, promotes thriving ecosystems, and also promotes global warming resilience. (Fights climate change).This Interagency Agreement with Parallel Flight is focusing on the development of a drone-based aerial rodenticide baiting platform for increased safety and reduced program costs. 

READ FULL PRESS RELEASE HERE


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TICK TOCK...TIME IS RUNNING OUT! 

You have VERY LIMITED time left to take advantage of the Very Early Bird inventive bonus! This perk will secure you extra shares in PFT. Once it's gone, it's gone! 

INVEST NOW FOR EXCLUSIVE BONUS SHARES!



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!

PRESS RELEASE

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.


“UAV systems, such as the heavy lift long duration platform that PFT has under development, certainly have the potential to revolutionize the aviation industry. It’s my delight to be joining Parallel Flight and partnering with a team that has a core focus on cutting-edge technology, sustainability and public good”, says Cathy.

“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

SAVE YOUR SEAT!

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!

CLICK TO INVEST!

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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

SAVE YOUR SEAT!

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.

CLICK TO INVEST!  

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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