20 LETTERS OF INTENT

Parallel Flight Technologies now has 20 signed letters of intent from potential early partners across a variety of industries. We recently received 5 new LOIs from prospective customers who are interested in utilizing our game-changing drone technology for wildfire prevention, agriculture, underwater mapping, and more.

This is an incredibly exciting time for Parallel Flight Technologies. Our first commercial-intent drone has taken flight, our customer pipeline is growing rapidly, and we're moving toward commercialization at the end of the year. 

If you haven't invested in our Regulation A+ campaign on StartEngine, now is the time to purchase a stake in Parallel Flight.

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Parallel Flight Technologies to Partner with The Nature Conservancy for Wildfire Management Solutions

Parallel Flight Technologies' customer pipeline continues to grow, with more companies and organizations exploring commercial partnerships. We recently received a letter of intent from The Nature Conservancy, a global environmental agency fighting the dual threats of accelerated climate change and unprecedented biodiversity loss.

The Nature Conservancy will support PFT and our partnership with Drone Amplified as we work together to develop a large-scale controlled aerial ignition system. Parallel Flight began working with Drone Amplified in 2020 and has flown successful flight tests with "The Big Mule" and their IGNIS system. You can read more about this and watch a flight test on our blog.

With the support of The Nature Conservancy, we will be able to identify locations for conducting real-world trials of the new large-scale aerial ignition system. This partnership will also allow us to receive critical feedback on the system as it is developed. Ultimately, this partnership could lead to Parallel Flight and Drone Amplified's system being used across the country as part of The Nature Conservancy's prescribed fire program.

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Join us in our journey

Parallel Flight Technologies was founded with the mission of creating unmanned systems to save lives, property and the environment. By forming key partnerships with organizations like Drone Amplified and The Nature Conservancy, we are getting one step closer to fulfilling this goal.

You can join us in our journey toward a brighter future by investing in our Regulation A+ offering on StartEngine today.

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Parallel Flight Technologies has partnered with AlarisPro, a leading UAS operations platform, to help our future customers expertly manage and optimize their fleets.

Through this partnership, Parallel Flight will be able to provide our customers with comprehensive fleet data in a simple, easily accessible cloud-based platform. The AlarisPro SaaS platform is based on manned-aviation safety and reliability tracking metrics and is designed to improve safety and reliability, including pre-flight, in-flight, post-flight, and maintenance activities. The software will enable Parallel Flight to track ongoing maintenance needs and allow customers to document reliability. By partnering with AlarisPro, Parallel Flight will bring the best experiences, safety and compliance to our future customers.

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On the cusp of commercialization

Parallel Flight Technologies is preparing to deliver our first aircraft to customers at the end of the year, and key partnerships like AlarisPro bring us one step closer to successful commercialization. You can accelerate our company's growth and own a stake in PFT by investing in our Regulation A+ offering today.

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Watch the latest test flight with PFT’s beta-level drone

The rigorous field testing of our aircraft continues this week with more “hop” flights at our headquarters. Watch the latest test below and be sure to subscribe to our YouTube channel for more behind-the-scenes looks inside The Hive.

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Parallel Flight Technologies has received three signed letters of intent this month, further expanding our customer pipeline.

We now have 15 letters of intent from potential early partners across a variety of industries. The three recent LOIs each represent a unique application:

Heavy-Sensor Payloads

Fire Suppression Technology

Equipment Delivery to Remote Industrial Locations

Parallel Flight Technologies is on the cusp of commercialization, with plans to deliver drones to our first customers in 2021. We recently completed successful test flights with our beta-level drone and will continue testing for the next few months as we move into scaling production of the aircraft. You can help accelerate our growth and own a stake in PFT by investing in our Regulation A+ offering today.

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Getting Cleared for Takeoff:

Parallel Flight's Journey to FAA Approval

We're often asked about the steps Parallel Flight Technologies is taking to ensure our unmanned aircraft will receive the necessary approvals to fly in the National Airspace System. We wanted to share information on some of the key partnerships we've formed to work toward FAA approval.

Parallel Flight is working with the Federal Aviation Administration through our partnership with ACUASI (The Alaska Center for UAS Integration). ACUASI is a lead participant in the FAA's BEYOND Program, which is designed to integrate unmanned aircraft systems operations in the National Airspace System.

Since we're part of the BEYOND Program, we are able to work directly with FAA regulators toward commercial approvals. Later in the year, we'll be doing flight demonstrations in Alaska with ACUASI, so we're currently building out the CONOPS (Concept of Operations) and applying for the necessary COAs (Certificates of Authorization from the FAA) to complete these missions. Overall, these close relationships with both the FAA and ACUASI will allow Parallel Flight to receive the necessary certifications for operating our industrial drone.

We believe unmanned systems are the future of safety and sustainability, and we look forward to flight demonstrations with our beta-level aircraft soon. If you'd like to join us in building a brighter future, become an investor in Parallel Flight Technologies.

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Come see us at AUSVI'S 2021 XPONENTIAL Conference!

Save the dates for the upcoming virtual and in-person events:

MAY 4-6 | ONLINE

AUGUST 16-19 | ATLANTA

Parallel Flight Technologies will be exhibiting at this year's AUSVI XPONENTIAL Conference, with a virtual booth at next month's online event and an exhibit featuring our new aircraft at the live expo in Atlanta, Georgia, in August! Join us at either event to chat with PFT CEO Joshua Resnick and get the latest updates from Parallel Flight, and visit our booth at the expo in August to see our first commercial aircraft in person.

Visit the XPONENTIAL website today to learn more about the events. We hope to see you there!

LEARN MORE

Our beta-level drone has successfully completed its first flight.

This is a groundbreaking moment for Parallel Flight Technologies, and our first flight occurred on the same day as the historic first flight of NASA's Ingenuity Mars Helicopter. One small step for our drone, one giant leap for drone-kind.

Our beta-level drone is seen flying a low "hop" in this video. Like a baby taking its first steps, the aircraft is still going through a tuning process to get everything right for longer, higher flights in the future. The flight controller is learning about the weight and balance of the drone and the performance of the engines. The aircraft is tethered for an abundance of caution, like a parent holding a child's hand to stabilize first steps.

The extensive and sophisticated Hardware-in-the-Loop testing that we've been running over the last month has helped us develop our flight model very quickly, enabling this first flight. Now, the aircraft will head back into reliability testing as we continue to progress toward more flight tests over the next month.

Through this first flight demonstration, we have fundamentally de-risked our new parallel hybrid technology. This drone is leaps and bounds ahead of the prototype we flew last year in terms of system architecture, flight controller and hybrid power modules. 

Parallel Flight Technologies is going to the next level, and we want you to take this journey with us. If you haven't invested in our Regulation A+ campaign on StartEngine, now is the time to invest and own a stake in this game-changing technology.

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Investor Update | Q1 2021 Recap

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Message from the CEO, Joshua Resnick

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Buzz from the Hive

Preparing for Takeoff

After months of testing, our beta-level aircraft is preparing for takeoff! Stay tuned for videos of the drone's first "hops"!

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A look at our Hardware-in-the-Loop (HIL) Testing

Since completing construction of our beta-level aircraft, our team has spent weeks running Hardware-in-the-Loop (HIL) Testing, a sophisticated method of validating and de-risking systems prior to flight testing. During HIL Tests, the aircraft is restrained and "flying" in a simulation, with the flight controller, ground station and powertrain all functioning as if the drone is in flight. This ensures our hybrid power systems and flight controllers are working successfully and also helps our team to identify and prevent any potential system issues.

Watch as our co-founders Dave and Bobby complete the beta aircraft's first HIL flight:

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Commercialization Updates

Our customer pipeline has continued to grow in 2021, with potential new customers reaching out weekly to discuss applications for our technology.

We are on track to deliver aircraft to early customers at the end of the year, with production scaling up in 2022. We're also engaging with manned aircraft companies interested in utilizing our parallel hybrid technology, which could provide an additional revenue stream for Parallel Flight.

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Going BEYOND with the FAA's BEYOND Program

Parallel Flight Technologies has been selected as an official partner of the Alaska Center for UAS Integration (ACUASI) at the University of Alaska Fairbanks, a Lead Participant in the Federal Aviation Administration’s BEYOND program. This partnership will allow PFT to demonstrate missions for the BEYOND program, which is focused on advancing unmanned aircraft systems operations in the National Airspace System. We will be working with ACUASI on demonstration missions in Alaska later in the year, with focus areas of remote medical delivery, remote and industrial logistics, and ship-to-shore.

LEARN MORE

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This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Parallel Flight Adds Two Esteemed Engineers to Advisory Board

At Parallel Flight Technologies, we believe that heeding the advice of experts is paramount to our company's success. We have built a strong Advisory Board with some of the best and brightest leaders from various industries, with each individual contributing unique experiences and professional expertise. In 2021, two prominent engineering leaders, Dorian West and Al Schoepp, have signed on as advisors for PFT. 

Meet Our New Advisory Board Members:

DORIAN WEST

AL SCHOEPP

Get to know Parallel Flight's Advisory Board

VISIT OUR WEBSITE

If drones could dream, it would look something like this.

Follow along as we fly to our testing area, where our engineers are working through the bring-up process on Parallel Flight's beta-level drone. 

This week, we're running Hardware-in-the-Loop (HIL) testing with the aircraft:

What is Hardware-in-the-Loop testing? We're so glad you asked!

You know that feeling you get when you're dreaming about walking or running? Your mind thinks you're moving, but in reality, your body is still in bed. Hardware-in-the-Loop testing is a lot like that. The aircraft is restrained and the "flight" taking place is a computer simulation, but as far as the flight controller, ground station and powertrain are concerned, the drone is actively flying a mission. This is a sophisticated method of validating and de-risking systems prior to flight testing. All systems are performing well, so we're very close to making this drone's dreams of flight a reality. Stay tuned for updates on our beta-level aircraft's first lift-off!

Inside The Hive: 

Watch our All-Engine Run on the Beta-Level Drone

Check out the exciting progress we've recently made during the bring-up process for our beta-level drone: an all-engine run. 

Building a unique drone with new technology is a very complex process, and successfully completing tests like this represent a key step in the development of this aircraft. This all-engine run is a major milestone bringing us one step closer to the first flight of this new drone!

With Parallel Flight Technologies CEO Joshua Resnick

You have questions - We have answers!

Join us for a live Q&A session exclusively for PFT investors.

Thursday, March 25

12:00 PM PST

REGISTER

Want to submit your question prior to the live event?

EMAIL US

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Parallel Flight Technologies' Regulation A+ Offering has raised over $3,000,000!

Thank you to all of our investors who have helped us reach another huge funding milestone. Your investment is bringing us one step closer to delivering unmanned systems to save lives, property, and the environment.

Thank you for taking this journey with us!

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

The Parallel Flight team continues to grow! Meet Jim and Chris, our latest hires who are supporting production of PFT's beta-level aircraft:

Jim Penny

Manufacturing Operations Lead

Chris Lee

Test Engineering Lead

Get to know the entire PFT team!

VISIT OUR WEBSITE

Investors in Parallel Flight Technologies may soon have the ability to trade their shares through StartEngine Secondary, one of the first markets in the US where non-accredited investors can publicly trade investments in startups that have raised capital via Regulation Crowdfunding and Regulation A+.

What does this mean for investors in PFT?

This planned upcoming quotation would allow Regulation A+ investors to sell or trade their shares in PFT.  StartEngine Secondary provides an 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.

When will PFT's quotation be available?

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.

How can investors start trading their shares in PFT?

Once Parallel Flight Technologies is approved to launch on StartEngine Secondary, we will alert our investors that the quotation is available. At that time, our Regulation A+ investors can offer their shares for sale on StartEngine Secondary and begin browsing, buying and trading shares online. 

What if I invested in previous rounds?

We are working with StartEngine to find a way for our Regulation CF and Regulation D investors from previous rounds to trade their shares as well. However, StartEngine Secondary will only be available to our Regulation A+ investors initially. More information will be shared in the coming months.

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Important Information about StartEngine Secondary

A company which intends to apply to list its securities on the marketplace will be subject to certain requirements which it 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 that a demand for these securities will exist. Even if a company does meet the requirements for listing its securities, we do not know the extent to which investor interest will lead to the development and maintenance of a liquid trading market. 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.

There has been no public market for our Class B Shares. While we have signed a quotation agreement to trade our Class B Shares on StartEngine Secondary’s new alternative trading system (the “ATS”), an active trading market for our Class B Shares may never develop or, if developed, may not be maintained. If an active market for our Class B Shares does not develop or is not maintained, it may be difficult for you to sell Class B Shares you purchase in this offering without depressing the market price for the Class B Shares or at all. An inactive trading market also may impair our ability to raise capital to continue to fund operations by selling shares. The lack of an active market also may reduce the fair market value of your Class B Shares.

We may, at any time, remove our Class B Shares from quotation on the ATS, in which case, an active trading market may cease to exist.

The trading price of our shares of Class B Shares, if any, is likely to be volatile and could be subject to wide fluctuations in response to various factors, some of which are beyond our control, including limited trading volume.

If you have not yet invested in Parallel Flight Technologies, you can now join our group of more than 1,500 foundational supporters by  investing in our Regulation A+ Campaign on StartEngine.

Thank you for your continued support as we prepare to deliver unmanned systems to save lives, property, and the environment.

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Parallel Flight's Hybrid Power Modules are getting ready for takeoff

After months of meticulous testing, our Hybrid Power Modules are fully assembled and are being installed on our beta-level drone this week. We are now preparing for the first flight of our commercial-intent aircraft, an incredible milestone for PFT!

We look forward to sharing the first footage of our beta-level drone in flight with you soon. If you want to be a part of the Parallel Flight journey, you can own a stake in PFT by investing in our Regulation A+ offering.

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Parallel Flight Technologies is proud to offer a robust college internship program that provides extensive hands-on experience in drone integration and testing, all in a fast-paced startup environment. We wanted to introduce you to two of our current interns, Noah and Steven, who are sharing what they've learned through their internships at PFT.

Read the full story on our blog:

GO INSIDE THE HIVE

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NOAH PEREZ

STEVEN SILVERGLATE

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Do you know a local engineering student or recent grad who may be interested in an internship at Parallel Flight? Encourage them to apply on our website!

APPLY TODAY

Parallel Flight Technologies to Participate in the Federal Aviation Administration’s BEYOND Program

Parallel Flight Technologies has been selected as an official partner of the Alaska Center for UAS Integration (ACUASI) at the University of Alaska Fairbanks, a Lead Participant in the Federal Aviation Administration’s BEYOND program. This partnership will allow PFT to demonstrate missions for the BEYOND program, which is focused on advancing unmanned aircraft systems operations in the National Airspace System.

Parallel Flight Technologies was selected to partner with ACUASI because of our advanced drone technology, which allows our unmanned aircraft to carry a 100-pound payload for over two hours. PFT will be working with ACUASI on demonstration missions in Alaska later in the year, with focus areas of remote medical delivery, remote and industrial logistics, and ship-to-shore.

“We are honored to be selected as an official partner of ACUASI for the BEYOND program,” said Joshua Resnick, CEO of Parallel Flight Technologies. “The data collected and shared through this partnership will help to inform regulations and policies for unmanned systems in the national airspace, which is absolutely critical for the future of drone technology. We look forward to demonstrating our drone’s unique capabilities with the assistance of ACUASI and are proud to participate in a program that will advance the UAS industry.”

Read the full story on our blog:

INSIDE THE HIVE

Weight lifting with drones... 

it's all part of a normal day at Parallel Flight Technologies!

We continued heavy-lift testing with "The Big Mule" this week, this time lifting 100lbs of barbells. This is an important part of our grant work for the National Science Foundation, as these tests allow us to continually improve our controls and demonstrate max lift capability.

Flight tests with “The Big Mule” are not only important for our grant work; they are also a key step in developing and testing our drone propulsion technology for the beta-level aircraft. This test drone has the same size, mass distribution, key propulsion components, flight controller, and programming of our beta-level drone, so successful flights with "The Big Mule" bring us closer to liftoff with our new aircraft.

To learn more:

VISIT OUR WEBSITE

Our beta-level aircraft is nearly complete and will be ready for takeoff in a few short weeks. As we prepare to unveil this radical unmanned aerial system (UAS) to the world, we wanted to share an in-depth look at the fully-assembled drone with you:

This aircraft is a major leap forward from our prototype: a robust product that will undergo rigorous field testing and ultimately be sold to our early customers. Stay tuned for videos of this game-changing drone in flight in the coming weeks. 

To learn more about our beta-level aircraft and how you can own a stake in Parallel Flight Technologies, check out our Regulation A+ campaign on StartEngine.

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Are PFT's drones being used to start fires?

Yes, and here's why:

Parallel Flight Technologies is currently running flight tests with our heavy-lift test drone, "The Big Mule," and the IGNIS system from Drone Amplified. This work is being done as part of our grant from the USDA, which was given to support development of a large-scale unmanned prescribed fire solution for the US Forest Service.

You can read more about this on our blog:

GO INSIDE THE HIVE

Watch this video to see a recent test flight:

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 2021. You can help accelerate our path to commercialization and own a stake in PFT by investing in our Regulation A+ offering on StartEngine.

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Parallel Flight Technologies' Regulation A+ Offering has reached another huge milestone, with over $2,000,000 raised! Thank you to the more than 1,400 investors who have supported our most ambitious crowdfunding campaign to date.

This fundraising milestone aligns with huge company milestones for Parallel Flight, including the completion of our beta airframe and the final stages of testing for our hybrid power modules. We are weeks away from flight testing with our beta-level drone, and we can't wait to share its first flight with you.

Thank you for taking this journey with us!

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Parallel Flight Technologies has kicked off the new year with incredible company growth. Our first commercial product is nearly complete, we have continued to gain customer traction, and we have welcomed two new hires to our growing team.

Meet Greg and Max, the newest members of the Parallel Flight team. Since joining the company a few weeks ago, they have jumped right into supporting aircraft production on our beta-level drone. They each bring unique talent and experience to their roles and are helping us to build unmanned systems to save lives, property, and the environment.

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Greg Bringedahl

Lead Technician

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Max Kauker

Mechanical Engineer

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Get to know the entire PFT team!

VISIT OUR WEBSITE

Test Flight: 100 Pound Lift with “The Big Mule”

Dear Investors,

We recently shared some videos with you featuring our full-scale electric test drone, “The Big Mule.” Flight tests with “The Big Mule” are a key step in developing and testing our drone propulsion technology, as this test drone matches the size and mass distribution of our beta aircraft, key propulsion components, flight controller, and programming. 

Last week, we successfully completed some heavy payload dynamics testing with “The Big Mule,” flying it with 100 pounds of payload. Check out this video to watch one of the test flights:

Stay tuned for more test flight footage featuring our beta aircraft in the coming weeks!

Best,

Joshua Resnick, CEO

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Continued Customer Traction: Our LOI from Infravision

This month, Parallel Flight received its 12th LOI from an early partner company: Infravision. Based in Australia, Infravision is a technology company that specializes in developing innovative hardware and software solutions for industrial applications in energy transmission and distribution. The company is building technology to support the energy systems of the future, as Australia and many other countries transition from traditional energy systems to variable, renewable energy resources. 

Infravision uses drones to string high-voltage power lines and is pursuing a partnership with Parallel Flight Technologies to leverage our drones’ heavy payload capacity and flight endurance. To date, Infravision has completed 13 commercial projects utilizing an electric drone, but these all-electric systems have significant limitations. 

Photo of one of Infravision’s recent commercial projects utilizing an electric drone.

By partnering with Parallel Flight, Infravision will be able to scale its operation and utilize our technology to conduct a range of activities in the energy sector. Ultimately, Infravision aims to accelerate the adoption of unmanned systems to revolutionize the way renewable energy resources are connected to the world’s electricity grids.

A rendering of Parallel Flight Technologies’ drone inside Infravision’s TX system, a mobile container equipped with powerline for stringing.

Parallel Flight Technologies is proud to partner with Infravision for their powerline stringing solution, which will reduce human risk, reduce environmental impact and increase productivity in powerline stringing. 

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Parallel Flight Technologies is on the cusp of commercialization, with plans to deliver drones to our first customers in 2021. You can help accelerate our growth and own a stake in PFT by investing in our Regulation A+ Campaign!

Thank you for your continued support as we prepare to deliver unmanned systems to save lives, property, and the environment.

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Step inside The Hive…

Ever wonder what's happening behind the scenes at PFT? This is your opportunity to find out!

Register for our first Investor Webinar of 2021:

Tuesday, January 26th

12:00 PM PST

REGISTER

(https://us02web.zoom.us/webinar/register/WN_BLV2fQHZSv2nA0DPfUwzFA)

We'll be giving our investors an inside look at our HQ with an exclusive behind-the-scenes tour. You'll get to meet our team, see the latest progress on our beta aircraft and have your questions answered live.

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Investor Update | Q4 2020 Recap

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Letter from the CEO, Joshua Resnick

Dear Investors, 

Happy New Year! Each New Year brings new opportunities, and here at Parallel Flight, we're expecting 2021 to be our most exciting year yet. Our team has been working incredibly hard over the past few months to prepare our first production-intent drone for commercialization, and we are now only weeks away from its first flight. I cannot wait to share updates with you when our beta aircraft has lift off and we begin flight testing - we think this drone is going to be a game-changer. Beyond bringing a new technology to the market, Parallel Flight is well-positioned for rapid growth in the unmanned systems industry. Unlike competitors who primarily function as OEMs (original equipment manufacturers), PFT will provide full-stack solutions by serving as an OEM with DAAS (drones as a service), allowing us to create new markets in this high-growth space.

Along with the excitement around launching our first commercial product, I'm also really happy about the growth we're experiencing as a company. We recently hired two new team members to support our aircraft production and will continue to grow our team in the coming months. Our customer pipeline is strong, we're making great progress with our grant research, and our crowdfunding campaign has had continuous momentum since launching in the fall. We have certainly had a wonderful start to the year, and we can't wait for what's to come. Thank you for taking this journey with us! 

Sincerely,

Joshua Resnick, CEO

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Buzz from the Hive

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We have been working closely with the team at Drone Amplified, a leader in the controlled burn space, to develop a solution for this critical land-management application. This month, we'll begin flight tests with Drone Amplified's IGNIS system, which will be integrated with our platform and flight controller to drop incendiary chemical spheres. Stay tuned for updates and exciting video footage of the IGNIS system at work!

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National Science Foundation Grant

Parallel Flight Technologies is funded in part by a Small Business Innovation Research (SBIR) grant from the National Science Foundation to support the development of our technology. One of the key steps in developing and testing our drone propulsion technology is flight testing with our full-scale electric drone, "The Big Mule," which mimics the size and mass distribution of our beta aircraft.

In Q4, we flew many successful test flights with The Big Mule and were able to validate and tune our flight controller with the same programming to be applied to our commercial-intent drone. We also integrated our first payload drop mechanism into The Big Mule, which will be used for missions with our beta aircraft. The next steps for this test drone will be heavy payload dynamics testing, propeller thrust validation, and system integration testing.

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Meet Our New Team Member

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Investor Webinar

For even more updates from the PFT Hive, register for our first Investor Webinar of the year! We’ll be hosting this live webinar on Tuesday, January 26th at 12:00pm PST.

Register here: https://us02web.zoom.us/webinar/register/WN_BLV2fQHZSv2nA0DPfUwzFA

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

How can drones provide support for wildland firefighters?

Watch the below simulation video, featuring Parallel Flight Technologies' beta-level drone, to find out.

We created this video to show an example of how our heavy-lift unmanned aircraft can provide tactical support for firefighters. Our CAL Fire Adviser, Retired Chief Scott Watson, helped us to depict what a real-life scenario could look like: our drone delivering 100 pounds of fire hoses to a fire crew on the ground.

In a situation like the scene shown above, helicopters would be grounded due to heavy smoke and nighttime conditions. Our unmanned system could deliver a number of critical supplies to a ground crew, such as tools, fuel, food and water, enabling the crew to continue working without the need to return to their basecamp for supplies.

We'll be testing our beta-level drone in real-world conditions in the very near future, and we look forward to delivering a solution to support wildland firefighters in 2021. If you would like to learn more about Parallel Flight Technologies' firefighting applications, check out this recording of our recent webinar about the global wildfire crisis, its causes and solutions.

Save the date for our first Investor Webinar of the year:

Tuesday, January 26th

12:00 PM PST

REGISTER

(https://us02web.zoom.us/webinar/register/WN_BLV2fQHZSv2nA0DPfUwzFA)

Join us for a special webinar exclusively for Parallel Flight Technologies' investors. You'll get the latest company updates directly from our CEO and have the opportunity to ask your questions live. Space is limited, so register today by clicking the button above. 

We look forward to seeing you there!

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Dear Investors,

Your Parallel Flight Technologies gear is coming soon! After some backorders and shipping delays, we are happy to share that the new PFT t-shirts and hats are headed to our headquarters, with an expected arrival date in mid-January. Once we have the merchandise in hand, we’ll be packing it up promptly and sending it your way!

If you have changed addresses or would like your gear shipped somewhere else, please email us at invest@parallelflight.com with your new shipping information. 

Thank you for your patience. Make sure to tag us in photos of you rocking your PFT gear on Facebook, Twitter and Instagram.

Cheers,

Joshua Resnick, CEO

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Test Drone Takeoff

Dear Investors,

It has been a very exciting week here at PFT! Not only is our team making great progress with the construction of our beta aircraft, but we have also had very successful flights with our full-scale test drone, a.k.a. “The Big Mule”. This video shows one of these test flights, which represents a key step in developing the technology for our first commercial drone. The Big Mule is used to validate and tune our flight controller, with the same programming to be applied to our beta aircraft.

We’ll be sharing some photos of our assembled beta aircraft very soon, so stay tuned!

Cheers,

Joshua Resnick, CEO 

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Delivering Holiday Cheer

Dear Investors,

While the holiday season feels a bit different this year, there has been no shortage of cheer at Parallel Flight Technologies. 

There is plenty of holiday hustle and bustle here in our workshop as our team works to complete the build of our beta-level aircraft, which is set to take flight in January. We've made some amazing progress in recent weeks, including completing the airframe and beginning the assembly of our new hybrid power modules.

Along with building beta, our team has been running very successful test flights with our full-scale test drone, "The Big Mule." These flights are key in developing our technology, as our test drone is used to validate and tune our flight controller with the same programming that will be applied to our beta aircraft. With these test flights going so well, we decided to have a bit of holiday fun and let The Big Mule play reindeer for the day, flying with a very festive payload. We hope this video of our test drone delivering a Christmas tree brings you holiday cheer!

From all of us here at Parallel Flight Technologies, we wish you and yours a very happy holiday season.

Sincerely,

Joshua Resnick, CEO

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

$1 MILLION RAISED

Our Regulation A+ Offering has raised over $1,000,000 in less than three months! Thank you to our amazing investors who have helped us reach this milestone in such a short period of time. You have helped bring us one step closer to delivering unmanned systems to save lives, property, and the environment.

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

A First Look at Parallel Flight Technologies' Beta Airframe

We're excited to share some recent progress in constructing our beta-level aircraft - the airframe is built!

In addition to completing the airframe, our team has also begun assembling our new hybrid power modules. We're making great progress and are on track to unveil the completed aircraft in early 2021. Our beta-level aircraft is a major leap forward from our prototype. It will be a robust product, ready to be sold to select customers and undergo rigorous field testing.

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Flight Testing with "The Big Mule"

Over the last week, we have had very successful flights with our full-scale test drone, a.k.a. “The Big Mule”. This video shows one of these test flights, which represents a key step in developing the technology for our first commercial drone. The Big Mule is used to validate and tune our flight controller, with the same programming to be applied to our beta aircraft.

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This is an incredibly exciting time for our company, as we are on the cusp of revealing and flying our first commercial aircraft. You can help support our mission and accelerate our growth by investing in our Regulation A+ Campaign on StartEngine.

Thank you for your continued support as we prepare to deliver unmanned systems to save lives, property, and the environment.

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Parallel Flight Technologies was recently featured on the Drone Radio Show, a weekly podcast hosted by Randy Goers. Check out the episode to hear CEO Joshua Resnick talk about Parallel Flight Technologies’ Heavy Lift Drone and how it’s set to revolutionize public safety, healthcare and industrial applications

Listen to the episode here or find it on Apple Podcasts, Spotify or wherever you get your podcasts.

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Save the Date for our Live Webinar

Thursday, December 10th

12:00 PM PST

REGISTER HERE

Join Parallel Flight Technologies CEO Joshua Resnick for a conversation with Douglas Thron, an aerial cinematographer and wildlife rescuer who uses drone technology to save animals after natural disasters. You'll hear Douglas's inspiring story, learn how drones can be used for animal rescue, and hear how Douglas will be working with Parallel Flight in the near future. There will also be a Q&A portion where we'll answer your questions live.

Watch this video from The Dodo to learn more about Douglas's animal rescue work:

https://www.thedodo.com/videos/guy-uses-drones-to-rescue-animals-from-disasters

Parallel Flight Technologies' SBIR Grant from the USDA

Parallel Flight Technologies recently received a Small Business Innovation Research (SBIR) grant from the USDA to begin developing a large-scale unmanned system for controlled ignition, also known as controlled burns. This solution is being developed for use by the US Forest Service, which is a branch of the USDA.

Developing the Solution

Parallel Flight Technologies is working closely with the unmanned systems team in the Forest Service and with Drone Amplified, a leader in the controlled burn space, to develop solutions for unmanned prescribed burns, as this is a critical tool for preventing wildfires. In California, the 2020 fire season has been one of the most devastating on record, and it is still far from over. The unmanned controlled burn solution we are building can help change this situation for the better, supporting the fight against the global wildfire crisis.

Inside the Technology: Parallel Flight + Drone Amplified

Drone Amplified manufactures the IGNIS fire ignition management system for drones, which is shown with our beta aircraft in the above simulation. IGNIS is a complete system that integrates with drones and carries a payload of chemical spheres. These spheres are ignited on command, sparking prescribed fires in the exact area where the sphere is dropped. Parallel Flight's heavy-lift, long duration technology will allow our drones to carry an 8.75x larger payload of chemical spheres, allowing a significantly larger coverage area per flight. We’re proud to partner with the Drone Amplified team to integrate their technology with our heavy lift platform.

We believe Parallel Flight Technologies is on the cusp of commercialization, with plans to deliver drones to our first customers in 2021. You can help accelerate our growth and own a stake in PFT by investing in our Regulation A+ Campaign, now live on StartEngine.

Thank you for your continued support as we prepare to deliver unmanned systems to save lives, property, and the environment!

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Get to Know Our Early Partners

Parallel Flight Technologies' list of initial customers has continued to grow, with multiple companies exploring commercial partnerships. We want to introduce you to three of these companies and share how they are planning to utilize our heavy-lift platform.

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Infravision is a technology company that specializes in developing innovative hardware and software solutions for industrial applications in energy transmission and distribution. The Australian company is working to accelerate the adoption of unmanned systems to revolutionize the way renewable energy resources are connected to the world’s electricity grids.

Infravision intends to partner with Parallel Flight to use our heavy-lift drones for powerline stringing applications. By utilizing drones for their powerline stringing solution, Infravision aims to reduce human risk, reduce environmental impact and increase productivity.

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SkyTEM is a leading airborne geophysical survey company offering the acquisition and advanced processing of transient electromagnetic (TEM), magnetic and radiometric data. Airborne Instruments ApS, part of the SkyTEM group, has created unique sensors for airborne surveys that have been used to map all of the underground water resources in Denmark, and they deploy their systems worldwide.

Airborne Instruments ApS has signed an LOI with Parallel Flight Technologies and intends to use our heavy-lift drones to carry their sensors for mapping underground water resources. The ability to reveal the availability and movement of water is a huge asset for countries and communities wanting to manage resources and respond to natural disasters.

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BeadedStream is a designer, manufacturer and distributor of world-class temperature monitoring solutions for multi-use industrial applications.  BeadedStream's product pipeline offers best-in-class temperature measurement and monitoring solutions, allowing customers to rapidly deploy digital temperature cables and loggers in the field and then collect, store and analyze the data in the BeadedSteam cloud.

The Alaska-based company is planning on using PFT's long duration, heavy lift aircraft to deliver sensors in remote areas for monitoring ground temperature. This will be useful for studying permafrost for environmental and industrial applications.

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Parallel Flight Technologies is on the cusp of commercialization, with plans to deliver drones to our first customers in 2021. You can help accelerate our growth and own a stake in PFT by investing in our Regulation A+ Campaign!

Thank you for your continued support as we prepare to deliver unmanned systems to save lives, property, and the environment.

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Save the date for our upcoming Investor Webinar

Tuesday, November 17th

2:00pm PT

REGISTER HERE

Join us for this live webinar exclusively for Parallel Flight Technologies' crowdfunding investors. You'll meet one of our corporate partners, hear from one of our first potential customers, get exciting company updates from our CEO and have the opportunity to ask questions live. 

GUEST PANELISTS

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Parallel Flight Technologies has been invited to join Avanta Studios, an accelerator for startup companies with innovative ideas in the InsurTech, Mobility and Insurance-Adjacent markets. The Avanta Studios program enables startups to partner with Avanta Ventures and CSAA Insurance Group to jointly explore new markets, business models, and technologies.

As part of Avanta Studios' Insurance-Adjacent sector, Parallel Flight Technologies will receive customized support from a network of industry experts to help grow and scale our business.  Parallel Flight was invited to join Avanta Studios because of our insurance and risk management related applications. Our heavy-lift drone platform can be used to support wildland firefighters, reducing the overall destruction of a wildfire and helping to save homes in the fire zone. This makes our technology valuable to the home insurance industry, as it could help prevent further losses after a wildfire. Through the Avanta Studios network, Parallel Flight will be able to work directly with leaders in the insurance space to develop customized solutions and further grow our customer base. The program will also engage Parallel Flight Technologies with institutional investors such as Avanta Ventures.

Parallel Flight Technologies is on the cusp of commercialization, with plans to deliver drones to our first customers in 2021. You can help accelerate our growth and own a stake in PFT by investing in our Regulation A+ Campaign!

Thank you for your continued support as we prepare to deliver unmanned systems to save lives, property, and the environment.

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Our Regulation A+ Offering reached another big milestone this week with over $500,000 raised! We are blown away by your support and enthusiasm for our most ambitious crowdfunding campaign to date.

Your investment is accelerating PFT's path to commercialization and bringing us one step closer to delivering unmanned systems to save lives, property and the environment. Thank you again for your continued support of Parallel Flight Technologies! 

Sincerely,

Joshua Resnick, CEO

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Dear Investors,

Parallel Flight is getting noticed thanks to you all, our wonderful community of supporters who believe in our mission to create unmanned systems to save lives, property and the environment. We've even gotten national media attention and were recently featured in a story on The Weather Channel. 

Check out our feature story on The Weather Channel here:https://www.youtube.com/watch?v=TY9uaV6h6q8&t 

Thank you all for your continued support as we work toward delivering a solution for some of the world's biggest problems. 

Sincerely,

Joshua Resnick, CEO

Dear Investors,

Parallel Flight is getting noticed thanks to you all, our wonderful community of supporters who believe in our mission to create unmanned systems to save lives, property and the environment. We've even gotten national media attention and were recently featured in a story on The Weather Channel. 

Check out our feature story on The Weather Channel here:

https://www.youtube.com/watch?v=TY9uaV6h6q8&t

Thank you all for your continued support as we work toward delivering a solution for some of the world's biggest problems. 

Sincerely,

Joshua Resnick, CEO

Investor Update | Q3 2020

IN THE HIVE 

LETTER FROM OUR CEO, JOSHUA RESNICK 

Dear Investor, 

Looking back on the last few months, Q3 was nothing short of surreal. In August, our community was impacted by some of the most destructive wildfires in our state’s history. While our business operated as normal during this time, many of our team members were evacuated from their homes. We have immense gratitude for the firefighters and first responders who have worked tirelessly to keep our region safe, and our thoughts are with them as they continue to fight the current wildfires in Northern California. 

Amid these unprecedented times, our team remained committed to providing solutions that will change the future of firefighting and disaster relief. Through this hard work and dedication, Parallel Flight Technologies has achieved multiple milestones in Q3. We successfully kicked off our Regulation A+ crowdfunding campaign and have already received an overwhelming amount of support from investors. We designed our beta-level aircraft – PFT’s first production-intent aircraft that will be delivered to our first customers next year. We expanded our team, continued the development of our core technology, and have remained on track for commercialization in 2021.

You can read more about our recent progress below, and as always, I’m available to answer any questions you may have. I truly appreciate your unwavering support as we work toward delivering unmanned systems to save lives, property and the environment. 

Sincerely,

Joshua Resnick, CEO

BUZZ FROM THE HIVE

We're excited to unveil the design of our beta-level aircraft, now under construction at PFT. Our product has evolved from a prototype to a production-intent aircraft featuring a compact hybrid power module design, large cargo volume, lightweight carbon fiber body, shock absorbing landing gear, and all weather flight capability. 

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USDA Grant: Fighting Fire With Fire

This summer, Parallel Flight Technologies received a Small Business Innovation Research (SBIR) grant from the USDA to begin developing a large-scale unmanned system for controlled ignition, to be used by the US Forest Service. The Forest Service is a branch of the USDA, and controlled burns are a key land management tool they use for removing combustible fuels and preventing wildfires. Controlled burns are also used for fighting active 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 Technologies is working closely with the unmanned systems team in the Forest Service and with Drone Amplified to develop solutions for these firefighting applications.

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MEET OUR NEW TEAM MEMBERS

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

We recently unveiled the design of our beta-level aircraft, Parallel Flight Technologies' first production-intent drone that is now under construction at our headquarters.

Now, we want to give you a look behind the design and introduce you to the engineers who developed our beta aircraft.

Brian Eiseman

Scott Allen

Want to learn more about PFT's beta aircraft? Visit our website at www.parallelflight.com. 

Save the Date for our Live Webinar

Thursday, October 29th

11:00 AM PT / 2:00 PM ET

Register here: https://us02web.zoom.us/webinar/register/WN_EQhhuDtoQ_ijvptRAM0Q7Q

Learn about two rapidly growing industries - drones and artificial intelligence - and how they can be integrated to change the future of logistics, transportation and data acquisition to solve some of the world's biggest challenges. Hosted by two tech startup CEOs, this live webinar is an opportunity to learn about a new industry and ask questions about the future of drones and AI.

Webinar Hosts

Dear Investors, 

There is a lot happening at Parallel Flight Technologies, and I want to share some exciting updates with you! That's why I hope you'll join me for a private "Ask-Me-Anything" Webinar on Thursday, October 22 at 12pm PST. This webinar is exclusively for our investors, and I'll be sharing company updates and answering your questions. To register, please click below.

https://us02web.zoom.us/webinar/register/WN_C8HZOdBlThWSauxK032QGQ 

I hope to see you there!

Sincerely,

Joshua Resnick, CEO 

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.

Save the Date for our Live Webinar

The Wildfire Crisis: Causes + Solutions 

Monday, October 12th

12:00 PM PST

Join us for a round-table conversation about the current global wildfire crisis, its causes and potential solutions. You'll have the opportunity to ask our panel of experts questions and learn more about the future of wildfire fighting.

REGISTER HERE: https://us02web.zoom.us/webinar/register/WN_Ir3oT-ayR_CPr9KuuNBQFA

Meet the Panel

Parallel Flight Technologies is proud to unveil the design of our Beta-Level Aircraft, now under construction at PFT

We wanted you to be among the first to see the latest version of our Parallel Heavy Lift UAS (Unmanned Aircraft System), which combines extreme heavy lifting and long flight duration.

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

We are projecting the following payload (excluding fuel) specs for our Beta-Level Aircraft:

100 pounds for 1 hour

40 pounds for 4 hours

10 pounds for 7 hours

Our new Parallel Hybrid technology is a 10X gain over existing solutions in terms of flight-time with a heavy payload and will have applications across multiple industries:

Firefighting

Industrial Logistics

Healthcare

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From Concept to Production

The wait is over... Parallel Flight Technologies' Regulation A+ Offering is officially LIVE on StartEngine!

Now is your chance to invest in innovative drone technology that can save lives, property and the environment. This is our most ambitious crowdfunding campaign to date and an opportunity to join our dedicated group of investors who are accelerating our path to commercialization.

Join us in taking PFT to the next level!

This investment is speculative, illiquid, and involves a high degree of risk, including the possible loss of your entire investment.