Parallel Flight Technologies
Saving lives, property, and the environment
La Selva Beach, CA
Technology
We’ve created patent-pending drone technology that will allow drones to carry heavy payloads for over two hours. This will make it ideal for use in fighting wildfires, search and rescue, and logistics missions. Our unmanned, autonomous aircraft open new possibilities for the safety of first responders and many other commercial applications.
$6,498,140
raised
4,756
Investors
$28.7M
Valuation
$4.67
Price per Share
$499.69
Min. Investment
Common
Shares Offered
Equity
Offering Type
$7.5M
Offering Max
0
Days Left
This offering ended on July 01, 2021 and is no longer accepting investments.
Offering Circular | Selected Risks Related to this Offering | Parallel Flight Technologies' SEC EDGAR Page | Signed to Trade disclosure
For more information on Parallel Flight Technologies, download and review the Offering Circular. The Offering Circular should be reviewed before making an investment decision.
Reasons to Invest
Large Market Potential: Operating between 3 large industries. $65B Industrial Logistics + $20B Healthcare + $10B Wildfire Suppression markets
Strong Team: CEO is a former Tesla Semi-Truck electrical engineering leader. Founding team has deep robotics experience from Verb Surgical, drone swarm work with the Navy, and machine vision expertise
Innovative Technology: NASA, NSF and USDA funded, 10X longer flight time with a heavy payload vs. existing technology for unmanned aircraft
counter
“Heavy Lift +10X Longer Flight Time”
Video
Success since our last raise
Since our last offering, Parallel Flight has reached multiple milestones:
- We have increased customer traction with deployments planned in 2021.
We have designed the new hybrid power modules and airframe for the beta-level aircraft and have been testing for several months.
- We signed to trade on StartEngine Secondary. Our upcoming quotation is planning to undergo the diligence process once our Regulation A+ campaign is concluded.
Under a NASA grant, we successfully completed the development of a redundancy system that will provide a safety advantage over other technologies.
Under an NSF grant, we have developed computer models of our aircraft system to validate control algorithms.
We were awarded a grant from the USDA for the development of a large-scale platform for controlled ignition (preventative burns and firebreak burns).
We filed two additional provisional patent applications for our key algorithms and the safety mechanism developed under NASA.
*Actual Product - Not A Model
the problem
Today's drones can only carry a heavy load for 15 minutes
Electric drones can only fly for fifteen minutes when carrying a heavy payload. Existing gas-powered drones have the ability to fly longer, but can’t carry heavy payloads. Ongoing and dangerous problems, like the wildfire crisis, could seriously benefit from the use of drones, but need long flight-time and heavy-lift. The Forest Service, military, and private companies are actively looking for heavy lift solutions for wildfire and other applications, but the existing solutions are too limited in terms of flight duration and payload.
the solution
Our new Parallel Hybrid drone can fly for hours with a heavy payload
Our new Parallel Hybrid technology is a 10X improvement over existing solutions in terms of flight-time with a heavy payload. Our Parallel Hybrid system increases efficiency and eliminates a heavy generator component used in other hybrids. This means higher efficiency and more payload capability. Parallel hybridization is used in the automotive world, but has never been applied to drones, until now.
*Actual Product - Not A Model
Video
the market
$10B, $20B, and $65B Markets
The market for wildland firefighting is $10B in the USA, Canada, and Australia and is growing by around 10% per year.[1] The healthcare logistics sector is estimated to reach $20B by 2025 and the industrial logistics market should reach $65B by 2025.[2] Our technology will have important verticals in all of these markets. It will enable heavy lift and long-range beyond visual line of sight (BVLOS) applications across multiple industrial logistics verticals, providing advanced solutions for infrastructure, renewable energy, construction, environmental protection, and remote logistics. In the complex healthcare logistics space, our technology will be ideal for the delivery of critical medication, vaccines, medical equipment, biospecimens, and defibrillators. By partnering with companies across various industries, Parallel Flight can provide full-stack solutions to multiple worldwide markets.
We will begin by fighting wildfires
Our initial market is wildland firefighting support. Wildfires are an urgent public safety crisis that has been exacerbated by environmental problems. Every year, thousands become victims of wildfires and there is a constant search for new technology that will help combat these fires. Our drone technology will help firefighters by bringing them supplies such as tools, fuel, food, water, etc. while they are in the field. It will also be able to perform controlled burns, which is an important tool for fighting wildfires. Our aircraft will also be able directly drop water on spot fires when manned aircraft are grounded due to heavy smoke or during the night.
.Bringing tools, such as chainsaws, to firefighters in the field can save time so they don't have to hike back to basecamp.
video
video
Our unmanned aircraft can fly the equipment to a drop point.
Our traction
On the cusp of commercialization
Parallel Flight is on the cusp on commercialization. Our beta pipeline has multiple customers worldwide, with aircraft deliveries planned to begin in mid 2021. Applications for our first customers include wildfire applications, powerline construction, and heavy sensor payloads.
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In addition to private customers, we have received grants from NASA, NSF, and most recently from the USDA. This latest grant is for us to begin developing a large scale unmanned system for controlled ignition. This is a key land management tool for removing combustible fuels and preventing wildfires. It is also used for fighting wildfires by creating fire breaks. The US spends hundreds of millions each year on controlled burns. Several pilots have tragically died over the years in these missions, so the agencies are beginning to use drones, but they need aircraft with larger payloads and longer flight times.
Parallel Flight is developing a large-scale controlled burn platform in partnership with Drone Amplified through funding from the USDA.
Our beta-level aircraft is now under construction at PFT
Our product has evolved from a prototype to a production-intent aircraft featuring:
Compact Hybrid Power Module Design
Large Cargo Volume
Lightweight Carbon Fiber Body
Shock Absorbing Landing Gear
All-Weather Flight Capability
The target maximum payload for our beta level aircraft is 100 lbs, not including fuel.
*Actual Product - Not A Model
Planned Quotation on StartEngine Secondary
Parallel Flight Technologies’ Regulation A+ investors may soon have the ability to sell or trade their shares through StartEngine Secondary. StartEngine Secondary provides a potential alternative to waiting for a liquidity event, such as an acquisition or IPO, giving investors the option to trade available shares in a company with other investors. The exact date for our quotation is not yet determined, as our current Regulation A+ offering is still active. Our upcoming quotation with StartEngine Secondary is planning to undergo the diligence process for quotation once our Regulation A+ campaign is concluded.
WHILE THE COMPANY HAS SIGNED A QUOTATION AGREEMENT TO TRADE THE SECURITIES OFFERED ON STARTENGINE SECONDARY’S NEW ALTERNATIVE TRADING SYSTEM (THE “ATS”), A COMPANY WHICH INTENDS TO BE QUOTED ON THE MARKETPLACE WILL BE SUBJECT TO CERTAIN REQUIREMENTS WHICH THE COMPANY MAY OR MAY NOT BE ABLE TO SATISFY IN A TIMELY MANNER. EVEN IF A COMPANY IS QUALIFIED TO QUOTE ITS SECURITIES ON THE MARKET, THERE IS NO GUARANTEE AN ACTIVE TRADING MARKET FOR THE SECURITIES WILL EVER DEVELOP, OR IF DEVELOPED, BE MAINTAINED. YOU SHOULD ASSUME THAT YOU MAY NOT BE ABLE TO LIQUIDATE YOUR INVESTMENT FOR SOME TIME OR BE ABLE TO PLEDGE THESE SHARES AS COLLATERAL.
what we do
Our autonomous drones deliver heavy payloads with precision and speed
Our heavy-lift unmanned aircraft are programmed from a ground station, and then autonomously perform the mission. The aircraft can also be remote-controlled by a pilot. Because our technology greatly expands the flight-time and payload capability of drones, there are many use-cases including firefighting, agriculture, search-and-rescue, medical delivery, and logistics. Performing these missions autonomously will increase safety and reduce cost.
The Business model
We plan to sell the product at high margins, using a recurring revenue model.
Parallel Flight plans to make money by selling full-stack unmanned aircraft solutions, service plans, operator training, and non-recurring engineering. Our initial target customers are federal, state, and municipal agencies tasked with wildland firefighting, private contractors that provide wildfire services, and customers from other industries. Aircraft purchased outright will have a service plan associated with the aircraft. In addition to aircraft sales, customers can also contract aircraft on an Exclusive Use or Call When Needed basis. Both the aircraft sales (with service contract) and contract models are planned sources of recurring revenue for Parallel Flight.
*Actual Product - Not A Model
In 2020, we completed the NSF's Innovation Corps (I-Corps™) program. This allowed us to connect with potential customers worldwide to better understand the scalability of our product and the potential of our customer base. We continue to integrate the feedback received through this program into our development strategy, and we have seen strong customer traction as a result.
How we are different
Heavy payloads with long flight times
Our systems are designed around heavy lift applications which go beyond carrying sensors. One of our greatest advantages is flight time while carrying a heavy payload. Most other drones can fly for 15 minutes with a heavy load; we can fly for hours. We expect our platform will also be less expensive than all-electric drones because of the large number of batteries they have to carry. Often users of all-electric platforms buy multiple battery sets, expensive charging systems, and generators, but our customers will not incur these costs.
the vision
The future of heavy lift
In three years, our goal is to be the premier supplier of heavy-lift unmanned systems for heavy-lift public safety applications, such as firefighting and search-and-rescue. We will also have pilot programs underway for adjacent markets such as ship-to-shore, remote logistics, and agriculture. In the future we plan on scaling our technology for the Urban Air Mobility market for applications such as air ambulances.
Our Leadership
Powertrain - Robotics - Machine Vision
CEO and co-founder Joshua Resnick led system architecture and electrical engineering for the Tesla Semi Truck program. Before moving to California, he led research for the State of Alaska developing hybrid commercial fishing boat technology. He has been building and flying RC planes and helicopters since he was 13. Our founding team has core competencies in the key areas of hybrid powertrains, drone operations, control theory, machine vision, and robotics. We bring experience from Tesla, Verb Surgical, and the Navy. We have brought in advisors related to our market, business development, and strategy.
Our Values - A message from the CEO, Joshua Resnick
Dear Investor,
I am striving to build a company that reflects the values that my co-founders and I hold dear. We will do this by applying our technology to use-cases that save lives, property, and the environment.
Lives
Whether it is making firefighting safer and more effective, delivering supplies after a natural disaster, performing search and rescue, or bringing medical supplies to a remote village, our technology can be used to save lives in life or death situations.
Property
As I write this letter, I am evacuated with my family, and firefighters on the CZU Complex fire are fighting to save my home and community. Over the past twenty years, wildfires have been getting steadily worse, but 2017 was a tipping point with the devastating fires in Santa Rosa and Ventura, CA. Then the 2018 fire season came. The Camp Fire destroyed the entire town of Paradise, CA - it killed 86 people and destroyed 18,804 structures. There was also the Mendicino Complex fire which burned almost half a million acres. In 2020, the August Lightning Complex fires burned more than 3 million acres in Northern California - the worst wildfires in the state’s history. This is not to mention the massive wildfires in Greece, Alaska, Australia and the Amazon. Parallel Flight Technologies is committed to developing new solutions to this worldwide problem.
Environment
Ok, I admit it. I am green at heart! That's why I spent 5 years developing energy efficient power systems for fishing boats in Alaska, and why I joined Tesla in 2015 to lead the electrical engineering efforts for the Tesla semi truck. One of my core values is building technologies that reduce carbon emissions. So, why am I building a hybrid aircraft? Doesn't hybrid still mean petrol powered? In the case of firefighting, gasoline is the best option because it is already part of the firefighting supply chain. However, I am committed to carbon neutral fuels for all applications that are not life-critical.
I hope you will join us on this exciting journey to save lives, property, and the environment!
Sincerely,
Joshua Resnick, CEO - Parallel Flight Technologies
Why invest
Our innovations have led to partnerships with NASA, NSF, and USDA
In a short time period, we have already created new technology and a working prototype. Our technology has expanded the performance envelope beyond the capability of competitive technologies. Because of this, we were awarded a NASA SBIR, Phase 1 grant and used this funding to continue prototype development. We have also received funding from NSF and the USDA for the development of our technology. PFT has one patent pending and two provisional patents around its core technology.
We are engaging our customers and communities
Building new technology is hard. But getting that technology deployed in the field is harder. At Parallel Flight Technologies, we are passionate about getting the word out to customers and the community about our technology and mission. We are also dedicated to learning from our customers about their pain points and discovering how we can help.
We deeply value community involvement and support. We have been overwhelmed by the response from our family, friends, and community. At speaking events, conferences, or just in conversation, people have shown tremendous support for our company and mission.
Join us on our mission to save lives, property, and the environment.
Invest Now!
AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. IT DOES NOT MEAN THAT THE SEC HAS APPROVED, PASSED UPON THE MERITS OR PASSED UPON THE ACCURACY OR COMPLETENESS OF THE INFORMATION IN THE OFFERING STATEMENT.
THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT CAN BE FOUND HERE.
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.
WHILE THE COMPANY HAS SIGNED A QUOTATION AGREEMENT TO TRADE THE SECURITIES OFFERED ON STARTENGINE SECONDARY’S NEW ALTERNATIVE TRADING SYSTEM (THE “ATS”), A COMPANY WHICH INTENDS TO BE QUOTED ON THE MARKETPLACE WILL BE SUBJECT TO CERTAIN REQUIREMENTS WHICH THE COMPANY MAY OR MAY NOT BE ABLE TO SATISFY IN A TIMELY MANNER. EVEN IF A COMPANY IS QUALIFIED TO QUOTE ITS SECURITIES ON THE MARKET, THERE IS NO GUARANTEE AN ACTIVE TRADING MARKET FOR THE SECURITIES WILL EVER DEVELOP, OR IF DEVELOPED, BE MAINTAINED. YOU SHOULD ASSUME THAT YOU MAY NOT BE ABLE TO LIQUIDATE YOUR INVESTMENT FOR SOME TIME OR BE ABLE TO PLEDGE THESE SHARES AS COLLATERAL.
In the Press
Monterey Bay Drones Automation & Robotics Technology
January 1, 2017
2019 Monterey Bay DART Symposium Highlights Reel
Inside Unmanned Systems
Parallel Flight Technologies’ Hybrid Technology Helps Heavy Lift Multirotors Go the Distance
Fire Aviation
Parallel Flight Technology’s next drone model will be able to carry 100 pounds for hours
Updates
$6.5M Raised! Thank you from Parallel Flight
23 days ago
Dear Investors,
That's a wrap! Our Regulation A+ offering officially closed on Wednesday, with more than $6.5M raised. On behalf of myself and the entire team here at Parallel Flight, I want to thank each and every one of you for your support throughout this campaign.
To our 4,776 new investors - Welcome to the Parallel Flight family! Here are some things you need to know:
Verifying your investment status: It may take a few weeks for PFT to receive the full list of new Reg A investors, so we encourage you to verify your investment status by logging into StartEngine's investment dashboard. If you have any questions about your investment, please visit StartEngine's FAQ page or contact their support team at contact@startengine.com.
Staying up-to-date with PFT: If you aren’t already signed up for our email list, please subscribe to receive the latest updates from The Hive. You can also follow our social channels via the links below or login to the Investor Portal on our website to view quarterly investor updates and FAQs.
Getting your PFT gear: For those of you who invested $1K or more, your gear is coming soon! Please be patient with our small team as we work to pack and ship t-shirts and hats to thousands of you.
Contacting our team: If you have questions for me or one of my team members, please email us at invest@parallelflight.com and we will reply as soon as possible.
Thank you again for supporting us throughout our most ambitious crowdfunding campaign to date. You have helped bring us one step closer to delivering unmanned systems to save lives, property, and the environment.
Cheers,
Joshua Resnick, CEO
Hours Left: PFT's Reg A Closes Tonight!
25 days ago
Parallel Flight Technologies' Regulation A+ Offering will close tonight at midnight!
Don't miss your opportunity to be an early-stage investor in our game-changing drone technology!
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
Final Hours of Reg A: PFT Advisors Visit African Countries with a Goal of Securing Contracts
25 days ago
PFT Advisors Visit African Countries with a Goal of Securing Contracts
Parallel Flight Technologies advisors recently toured four African countries with a goal of securing contracts for industrial logistics and other delivery applications. Our team is now engaged in advanced negotiations with these potential customers who are interested in utilizing our heavy-lift drone for logistics, medical deliveries and agriculture.
In addition to these exciting contract negotiations, Parallel Flight Technologies has achieved substantial company milestones throughout the course of our Regulation A+ offering.
Since opening our Reg A round in September, we have:
Completed construction of our first commercial-intent drone, Firefly, and began advanced flight testing with the aircraft
Received 30 signed letters of intent from potential customers
Completed grant work for the NSF and USDA
Hired 10 full time employees and added 3 industry experts to our advisory board
Met with government leaders in the US and abroad to discuss the potential for our heavy-lift drone technology
Became an official partner of the Alaska Center for UAS Integration (ACUASI), a Lead Participant in the Federal Aviation Administration’s BEYOND program, allowing us to demonstrate missions for the BEYOND program
Formed commercial partnerships with industry leaders
Signed to trade on StartEngine Secondary
And raised millions from investors like you!
Now, we're hours away from wrapping up our most ambitious crowdfunding campaign to date! We look forward to achieving even more in the coming months with the support of our 4,000+ new investors.
If you haven't invested in our Regulation A+ offering, now is the time. Make your investment now before our round closes in a few hours!
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
While the company has signed a quotation agreement to trade the securities offered on StartEngine Secondary’s new alternative trading system (the “ATS”), a company which intends to be quoted on the marketplace will be subject to certain requirements which the company may or may not be able to satisfy in a timely manner. Even if a company is qualified to quote its securities on the market, there is no guarantee an active trading market for the securities will ever develop, or if developed, be maintained. You should assume that you may not be able to liquidate your investment for some time or be able to pledge these shares as collateral.
1 Day Left: THANK YOU for following our Reg A!
26 days ago
Hey everyone,
The final hours of our Reg A offering are finally here! I wanted to send you all a quick video message to say thank you for following along throughout this journey.
The past eight months have been truly incredible for Parallel Flight. We introduced our first commercial-intent drone, Firefly, and completed hours of flight testing with the aircraft. We grew our customer pipeline and now have 30 signed letters of intent from potential customers. We're now preparing to bring this new parallel hybrid aircraft to the market, and we believe our technology has the potential to revolutionize the drone industry on a global scale.
Thank you, again, for supporting Parallel Flight throughout this campaign. If you've been waiting for the right time to invest - the time is now! Our Reg A offering closes tomorrow at midnight, so don't miss your opportunity to invest in the future of drone technology.
Cheers,
Joshua Resnick, CEO
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
2 Days Left: 30 Signed LOIs
27 days ago
Parallel Flight Receives its 30th Signed LOI
Our customer pipeline continues to grow!
PFT has received 30 signed letters of intent from potential customers who are interested in purchasing more than 200 aircraft over the next three years, making our customer pipeline worth over $75 million.
We believe there are endless possibilities for our groundbreaking technology, and we hope you’ll join us in our mission to deliver unmanned systems to save lives, property and the environment.
Our Regulation A+ Offering closes in just two days, so don’t miss your chance to invest!
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
3 Days Left: Your Updates from The Hive
28 days ago
Here's what you need to know:
| Parallel Flight Technologies' Regulation A+ campaign will close on June 30th, which means there are only three days left to make an investment in this offering! Don't miss your opportunity to own a stake in our game-changing drone technology - make your investment today. |
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We've received 29 letters of intent to date from potential customers who are interested in purchasing more than 200 aircraft from Parallel Flight over the next three years. This makes our customer pipeline worth over $75 million, and it's continuing to grow! |
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| We will be hosting three Town Hall sessions on Tuesday, June 29th, allowing potential investors to ask questions before our Regulation A+ offering closes the following day. Each session will be limited to 35 participants and spaces are filling quickly, so register today if you are interested in attending! |
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
4 Days Left: Building a Solution to Prevent Wildfires
29 days ago
Parallel Flight Technologies has recently completed the research and testing for our Small Business Innovation Research (SBIR) Phase 1 Grant from the USDA.
This grant was given to support the development of a large-scale unmanned system for controlled aerial ignition, also known as prescribed burns. Our team worked closely with the unmanned systems team in the US Forest Service and with Drone Amplified, a leader in the controlled burn space, to develop a solution for unmanned prescribed burns, a critical tool for preventing wildfires.
| Over the past few months, our team has successfully demonstrated a working integration of the Drone Amplified IGNIS system on our full-scale “mule” platform. Through various flight tests, we observed acceptable levels of scatter of the IGNIS system's incendiary spheres and did not encounter any vibration or mission environment related problems. Read more and watch a test flight here. |
Our research thus far indicates that our large-scale prescribed fire drone with parallel hybrid technology will have 10X the payload carrying capacity of the existing solution, as well as 10X the flight duration. This solution will make it possible for the US Forest Service to manage more acres with prescribed fire, at a lower cost and with increased safety for personnel.
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Parallel Flight Technologies is building unmanned systems to save lives, property and the environment, and you can join us in our journey to a brighter future.
Become an investor today before our Regulation A+ offering closes on June 30th!
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
6 Days Left: PFT Meets with CA Congressman
about 1 month ago
Parallel Flight Technologies recently had the pleasure of welcoming Congressman Jimmy Panetta to our headquarters for a tour and discussion about the future of wildfire prevention.
| The California Senate recently passed Bill 109 and Bill 322 to address the growing wildfire threat through more advanced firefighting technology and wider use of prescribed fire. The bills promote using new technologies to control wildfires, including drones deploying incendiary payloads for prescribed fires. (Read more here) |
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| Congressman Panetta and his team visited Parallel Flight to learn more about our drone technology and the large-scale controlled aerial ignition solution we are developing in partnership with Drone Amplified. This full-stack, fully scalable solution is being developed through our USDA grant and could play a huge role in the future of wildfire prevention and management. |
What's next?
We'll be testing our beta-level drone with the IGNIS system in real-world conditions in the very near future, and we look forward to delivering a solution in late 2021.
You can help accelerate our path to commercialization and own a stake in PFT by investing in our Regulation A+ offering on StartEngine, but only if you act now. This offering will close on June 30th.
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
7 Days Left: INTRODUCING FIREFLY
about 1 month ago
We're excited to share the official name and product video for our first commercial-intent aircraft: FIREFLY
Firefly is leaps ahead of Parallel Flight Technologies' earlier prototype drone in terms of system architecture, flight controller and hybrid power modules. It is undergoing extensive flight testing at our headquarters as we prepare for commercialization.
Parallel Flight is reaching new heights, so if you haven’t invested in our Regulation A+ offering, now is the time. Make your investment today before our round closes in a few days!
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
8 Days Left: A Letter from our CEO
about 1 month ago
Dear friends of PFT,
As we enter the final week of our Regulation A+ offering, I wanted to take a moment to thank you all for your support throughout this campaign. Whether you were a new or returning investor, or a fan of our mission who helped spread the word about Parallel Flight, you have played a pivotal role in this campaign's success.
This community is one of the primary reasons why our company chose to raise capital through crowdfunding. The foundational support that you all have provided will carry Parallel Flight Technologies into our next chapter as a company, and we're so appreciative that you all are taking this journey with us.
Now that we are in the final days of our most ambitious crowdfunding campaign to date, we hope you will continue to show your support of Parallel Flight by taking a moment to share information about our company with your network. From mentioning PFT to a friend, to sharing one of our flight videos on your social media channels, any way you choose to share our mission will help bring us closer to fulfilling our funding goal.
Thank you again for being our biggest advocates and greatest supporters. With your help, we are delivering a solution to some of the world's greatest challenges and building a safer, brighter future.
Sincerely,
Joshua Resnick, CEO
P.S. - If you have any questions about investing, please register for one of our upcoming Town Hall sessions on Tuesday, June 29th.
This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.
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