The Parallel Flight Technologies offering is now closed and is no longer accepting investments.

Parallel Flight Technologies

Saving lives, property, and the environment

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.

$6,498,667

raised
4,757
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

$6,498,667

raised
4,757
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.

video

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

Commercial UAV News
January 1, 2017

How Will Extended Flight Time for Drones be Powered?

Monterey Bay Drones Automation & Robotics Technology
January 1, 2017

2019 Monterey Bay DART Symposium Highlights Reel

Arctic Innovation Competition
January 1, 2017

2018 Main Division Winners

Commercial UAV News

Parallel Flight Technology Has Lift Off!

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

21 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!

23 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

23 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!

24 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

25 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

26 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.

____________________________________________________

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! 

____________________________________________________

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

27 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.

________________________________________________________________


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

29 days 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)



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.

A first look inside our mobile Ground Control Station

about 1 month ago


Step inside our mobile Ground Control Station...


Parallel Flight Technologies' mobile Ground Control Station provides seamless operation of our heavy-lift drone from remote locations. Operators can view live infrared video, update flight plans in real time, and pre-program waypoints and actions for autonomous missions.  The development of this GCS is another step toward commercialization for Parallel Flight, providing a customizable, mobile hub for future drone operations.


Parallel Flight Technologies is preparing to deliver our first aircraft to customers in late 2021, and you can own a stake in our company before we move into commercialization.


Our Regulation A+ offering closes on June 30th, so make your investment today!


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

Join us for a Reg A Webinar with LiquidPiston, Monogram & Miso Robotics

about 1 month ago


Learn about four synergistic, cutting-edge tech startups and discover new investment opportunities at this special Regulation A+ webinar. The CEOs of Parallel Flight Technologies, LiquidPistonMonogram Orthopaedics and Miso Robotics will pitch their companies live and answer investor questions at this exclusive event.


Tuesday, June 22, 2021

11am PT / 2pm ET


REGISTER


This is a great opportunity to learn more about Parallel Flight Technologies before our Regulation A+ offering closes on June 30th, so register today to reserve your space!


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

You're invited to our Town Hall

about 1 month ago


As a valued investor and follower of Parallel Flight Technologies’ Regulation A+ campaign on StartEngine, we would like to offer you an invitation to a new type of event - a town hall with Parallel Flight.


This will be a small, private event with only 35 spots available per session. Participants will be able to meet fellow investors and fans of Parallel Flight and ask their questions directly to our CEO, Joshua Resnick.


Sessions will be held on

Tuesday, June 29, 2021

12:00pm | 2:00pm | 5:00pm PT


REGISTER


This intimate conversation is a new type of access for the StartEngine community. As such, there are a few ground rules:

  • Make sure you can attend - If you register for this event and do not show up, you may not be eligible for future town halls or webinars.
  • Please be prepared to have your video on and speak with Joshua directly. We want this event to be interactive.


Space is limited, so register today to reserve your seat!


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

Two weeks left in our Reg A campaign!

about 1 month ago


DON'T MISS YOUR CHANCE TO INVEST IN OUR REGULATION A+ OFFERING!


Parallel Flight Technologies' Regulation A+ campaign will close on June 30th, which means there are only two weeks left to make an investment in this offering.


We've received 28 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! 


If you haven’t invested in our most ambitious crowdfunding campaign to date, now is the time! Make your investment in Parallel Flight Technologies today.


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

Meet Our Newest Advisory Board Member

about 1 month ago


Aviation Executive Chris Krajewski Has Joined Parallel Flight Technologies’ Advisory Board


Parallel Flight Technologies is proud to welcome Chris Krajewski as the newest member of our esteemed Advisory Board. With an extensive background in flight operations and business development, Chris will assist the PFT team in developing and executing our sales strategy.

Chris' career spans over 35 years in the aviation and energy markets, including 24 years at CHC Helicopters, one of the largest helicopter operators worldwide. During his time at CHC, Chris held senior leadership positions in the operations and commercial departments, directing business units in Brazil, Europe, Africa, the Middle East, Australia and Asia-Pacific. Under his leadership, CHC’s revenue grew by more than $1 billion.


As a skilled global business development expert, Chris will support Parallel Flight by actively seeking out new opportunities, forming strong alliances and strategic partnerships, and developing new markets for our unmanned aircraft. His vast expertise in aviation, sales and business development make him a welcome addition to our advisory board as our company prepares for commercialization in 2021.


Parallel Flight Technologies is well-positioned to revolutionize the drone industry on a global scale, and you have the opportunity to be an early-stage investor in our company.


Our Regulation A+ campaign will end on June 30th, so don't miss your chance to invest in this offering!


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 our new hires!

about 1 month ago


Our company continues to grow at an accelerated pace, with more funding, more customer traction, and more talent joining our team! Meet the newest additions to the Parallel Flight Technologies team: Paul Kele and Shan Knudsen.

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Paul Kele

Senior Mechanical Engineer

Paul brings nearly 20 years of mechanical and product engineering experience to his role at Parallel Flight.  Mostly recently, he worked as a senior mechanical engineer at Vista Outdoor Inc., leading engineering on flagship products and overseeing manufacturing processes. He has an extensive background in thermoplastics, injection molding, fabrication and design for manufacturing. Paul is a graduate of San Jose State University and holds multiple patents for products he has designed.


"I'm incredibly excited to join the team at Parallel Flight and start working on the drive system and hybrid power modules for the aircraft. I look forward to working alongside the best and brightest engineers to bring this new technology to the market." -Paul Kele

_______________________________________________

Shannon (Shan) Knudsen

Director of Strategic Projects (a.k.a. Master of Opportunity)

Shannon (Shan) Knudsen has been leading and supporting grant/contract activities and business development for over 14 years. A returned Peace Corps volunteer with an MBA from George Washington University, Shan has enjoyed helping university researchers, nonprofits, and small emerging technology companies secure funding, strengthen organizational capabilities, and navigate the daunting government and private sector systems and processes.


"I enjoy the inherent challenges of solutioneering and the comradery of working with optimistic, creative minds to make great things happen, which is why I'm honored to join the great team at Parallel Flight Technologies." -Shan Knudsen

_______________________________________________

Be a part of our journey by investing in our Regulation A+ offering today.

Hurry - this offering closes June 30th!


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

Watch our beta-level aircraft SOAR!

about 2 months ago


A first look for our investors: 

Watch Parallel Flight Technologies' beta-level drone soar through the sky


After weeks of hardware-in-the-loop testing and low "hop" test flights, Parallel Flight Technologies has successfully demonstrated a payload test flight at altitude. This is a huge milestone for our company and validation of our technology.


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 short weeks.

____________________________________________________


Don't forget to join us for our upcoming investor webinar, where you'll get the latest company updates from CEO Joshua Resnick and have your questions answered live.


Wednesday, June 9, 2021

12:00 PM PST

REGISTER


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

Behind-the-scenes of our journey to the skies

about 2 months ago


Bringing a new technology to the market is a complex process, but Parallel Flight Technologies is making great strides toward introducing our groundbreaking propulsion technology to the world. With the help of our strategic partners, we are taking steps toward FAA approval and real-world demonstrations.


This week, representatives from ACUASI, the Alaska Center for UAS Integration, visited our headquarters to see the latest progress with our beta-level aircraft and officially open the range for our COA (Certificate of Authorization). 


Opening up the PFT range will enable our team to do more extensive flight testing in our approved airspace. Our partnership with ACUASI has also given us the opportunity to participate in the FAA's BEYOND Program, which will provide Parallel Flight with a pathway to commercial approval in the US.


Our team recently visited the CAL FIRE Alma Helitack Base to meet the Fire Captains and learn more about their operation. We toured their base and discussed their needs for unmanned systems to provide tactical support for firefighters on the front lines.


This was also an opportunity for our engineers to see the types of payloads our aircraft could carry to firefighters in the field, such as tools, fuel, food and water. The knowledge gained from this visit will be used to integrate payload systems into our aircraft to ensure our unmanned systems can provide support to wildland firefighters in the future.


_______________________________________________


Parallel Flight Technologies is preparing to deliver our first aircraft to customers at the end of the year, and our key partnerships are bringing us closer to successful commercialization.


You can accelerate our company's growth and own a stake in PFT by investing in our Regulation A+ offering, but hurry, this 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.

Why invest in the future of drone technology?

about 2 months ago


Why invest in the future of drone technology?


Parallel Flight Technologies has large market potential, operating between the $65B industrial logistics industry, the $20B healthcare industry and the $10B wildfire suppression industry. In recent months, our customer pipeline has grown rapidly, and we now have 24 signed letters of intent from interested customers, with applications including:


Tactical Support for Firefighters

Remote Medical Delivery

Controlled Aerial Ignition

Heavy Sensor Payloads for Environmental Monitoring

Powerline Stringing

Aquifer and Resource Mapping

Law Enforcement

Agricultural Spraying

Equipment Delivery to Remote Industrial Locations

Search and Rescue

Emergency Medical Services 

...and more


Our list of potential applications continues to grow, and we believe there are endless possibilities for our groundbreaking technology. Join us as we work to deliver a solution for dull, dirty and dangerous missions.


Invest in Parallel Flight Technologies today - Our raise closes on June 30th!


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

Only 30 more days to invest in our Reg A Offering!

about 2 months ago

DON'T MISS YOUR CHANCE TO INVEST IN THIS OFFERING!


Parallel Flight Technologies' Regulation A+ campaign will close on June 30th, which means there are only 30 days left to make an investment in this offering.


Join more than 4,500 people who have invested over $5 million in our game-changing drone technology company before this offering closes!


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

A Live Q&A with our CEO

about 2 months ago

With Parallel Flight Technologies CEO Joshua Resnick


Join us for a live Q&A session exclusively for investors in Parallel Flight Technologies. 


Wednesday, June 9, 2021

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.

$4M Raised & New Signed LOIs

about 2 months ago


Parallel Flight Technologies' Regulation A+ offering has reached the $4,000,000 funding milestone! Thank you to all of the investors who have joined us in our mission to create unmanned systems to save lives, property and the environment.


As our funding has grown, so has our customer pipeline...


Parallel Flight recently received two more signed letters of intent from companies that are interested in utilizing our heavy-lift drones for applications including agriculture, supporting law enforcement, mapping, and search and rescue.


If you haven’t invested in our Regulation A+ campaign, don't miss your chance to own a stake in the future of drone technology.


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

Don't miss your chance to invest!

about 2 months ago


DON'T MISS YOUR CHANCE TO INVEST!

PFT's Regulation A+ Offering will close on June 30th


Our Regulation A+ campaign has raised over $4,000,000 from more than 3,000 investors who believe unmanned systems are going to change the future. Now, we want to give our investors the opportunity to trade their shares on StartEngine Secondary, so we're wrapping up our crowdfunding campaign!


Parallel Flight will be closing our Regulation A+ offering on June 30th, and we plan to launch on StartEngine Secondary shortly thereafter. 


If you haven’t invested in our most ambitious crowdfunding campaign to date, now is the time! Make your investment in Parallel Flight Technologies today.


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.

Taking beta to new heights!

2 months ago


Behind-the-scenes of our video shoot with the beta-level aircraft


This week, our team took PFT’s beta-level aircraft to new heights! We worked with local agency Impact Creative to capture some amazing flight footage of our heavy-lift drone. Watch the video below for some behind-the-scenes footage and stay tuned for more videos in the coming weeks!



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

20 LOIs! Our customer pipeline continues to grow

2 months ago



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.

Building a Brighter Future: Our Partnership with The Nature Conservancy

2 months ago


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.

____________________________________________________


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.

PFT Partners with AlarisPro

3 months ago


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.

_______________________________________________________________


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 our latest test flight!

3 months ago


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 Receives 3 New Letters of Intent from Potential Customers

3 months ago

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: Our Journey Toward FAA Approval

3 months ago


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 PFT at AUSVI XPONENTIAL 2021

3 months ago

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

3... 2... 1... BETA TAKES FLIGHT

3 months ago


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 from Parallel Flight Technologies - Q1 2021

3 months ago

Investor Update | Q1 2021 Recap

______________________________________________________________________

Message from the CEO, Joshua Resnick

______________________________________________________________________

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"!

______________________________________________________________________

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:


______________________________________________________________________

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.

______________________________________________________________________

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

______________________________________________________________________


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

Parallel Flight Adds Two New Experts to Advisory Board

3 months ago


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

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. Dorian has a passion for sustainability, and he recently launched his own startup focused on decarbonizing the industrial sector.


AL SCHOEPP

Al Schoepp has over 35 years of experience in product and technology development, previously holding lead engineering roles in the industrial robotics and semiconductor industries. He retired from his Senior Technical Director role at LAM Research in 2020 after spending 29 years at the company focusing on new product development. In prior roles, he led semiconductor equipment development at Watkins-Johnson and Novellus.


Get to know Parallel Flight's Advisory Board

VISIT OUR WEBSITE

If drones could dream…

4 months ago


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!

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

4 months ago


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!

A Live Q&A with our CEO

4 months ago


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.

Another Funding Milestone: $3M Raised!

4 months ago


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.

Meet the newest members of the Parallel Flight Team!

4 months ago

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

Jim is an expert in supply chain and production management, with over 25 years of hands-on experience planning and deploying production for a range of products.  Most recently, Jim implemented a production plan for a plastics fabrication business, extending their core production capacity in support of COVID-19 PPE. Prior to this, he worked in the unmanned space developing scaled operations for underwater ROV drones.


Chris Lee

Test Engineering Lead

Chris brings nearly 10 years of engineering experience to his role at Parallel Flight, with a strong background in mechanical design, system testing, quality control and manufacturing engineering. He is a graduate of Cal Poly University and recently held senior engineering roles in the renewable energy and semiconductor industries. He enjoys wrenching on a wide variety of mechanical systems and projects.


Get to know the entire PFT team!

VISIT OUR WEBSITE


Parallel Flight Announces Plan to Join StartEngine Secondary

5 months ago



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.

________________________________________________________________________


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.

A look at our core technology

5 months ago


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.

Get to know PFT's awesome college interns

5 months ago


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

_____________________________________________________________________________

NOAH PEREZ

Noah is an aerospace engineering student who joined Parallel Flight as a college intern in September 2020. As a senior at San Jose State University, Noah pursued this internship to hone his skills and gain additional engineering experience prior to his graduation.


"I've really enjoyed being able to work alongside and learn from a brilliant set of people, helping them to reach goals that are critical to our success," he says.


STEVEN SILVERGLATE

Steven was a summer intern at PFT before starting his senior year at San Diego State University, where he is an aerospace engineering major. When his fall classes were shifted from in-person to online learning, Steven returned home to the Santa Cruz area and resumed his internship at Parallel Flight.


"I learn something new every day here," he says. "I really enjoy the culture and all of the opportunities for hands-on learning and strategic problem solving."

_____________________________________________________________________________

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

Going BEYOND: PFT to Participate in FAA’s BEYOND Program

5 months ago


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

Drone Weight Lifting: It's a thing.

5 months ago

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

A first look…

5 months ago



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.

Using drones to start fires?

5 months ago


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.

$2M Raised! Thank you from Parallel Flight

6 months ago




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.

The Parallel Flight Team continues to grow - Meet our new hires!

6 months ago


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.

____________________________________________________________________________


Greg Bringedahl

Lead Technician


Greg comes to Parallel Flight from Textron Systems, where he was deployed as a civilian contractor in support of US Forces. He led the day-to-day flight operations of a small site operating unmanned aircraft systems. Before flying UAVs, Greg was an aircraft mechanic in the United States Air Force. He is an FAA certified Airframe and Powerplant mechanic with over 10 years in aviation and more than 2,500 hours of drone flight experience.


Fun Fact: After accepting his role with PFT, Greg had quite a move ahead of him! He relocated to the Santa Cruz area from Africa, where he was stationed as a contractor.


____________________________________________________________________________


Max Kauker

Mechanical Engineer


Max is a recent 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 enjoys building his own rocket motors in his spare time. Previously, Max worked as a summer intern at Parallel Flight, where he focused on cooling shroud iteration as well as assembly procedures for the beta aircraft modules. 


Fun Fact: Max was recently featured on Discovery Channel's "Rocket Around the Xmas Tree" television show. He was approached for the show after posting a YouTube video of his family's unique holiday tradition: launching their Christmas tree with some of Max's homemade solid rocket motors.


____________________________________________________________________________


Get to know the entire PFT team!

VISIT OUR WEBSITE

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

6 months ago


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.

Infravision Australia signs LOI with Parallel Flight

6 months ago


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. 

__________________________________________________________________________________________________


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.

You're invited to explore The Hive

6 months ago


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 from Parallel Flight Technologies - 2020 Wrap Up

6 months ago



Investor Update | Q4 2020 Recap

________________________________________________________________________________________

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

________________________________________________________________________________________

Buzz from the Hive


Beta Coming Soon!


Our team is making great progress with constructing our beta-level aircraft: the airframe is complete, the new hybrid power modules are being assembled, and the completed aircraft will be unveiled in Q1. Once complete, the aircraft will undergo rigorous field testing before being delivered to our beta customers.


________________________________________________________________________________________

Over $1M Raised


Our Regulation A+ offering on StartEngine has raised over $1.5 million to date! If you haven't checked out our most ambitious crowdfunding campaign to date, visit our offering page today to learn how you can own a stake in Parallel Flight.

               

________________________________________________________________________________________

USDA Grant


We recently shared information about our SBIR grant from the USDA, which we received to support the development of a large-scale unmanned system for controlled ignition (read more here).

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!

________________________________________________________________________________________

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.

________________________________________________________________________________________

Meet Our New Team Member


Max Kauker

Mechanical Engineer


Max is a recent 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 was recently featured on the Discovery Channel's "Rocket Around the Xmas Tree" television show.

________________________________________________________________________________________

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 unmanned systems support firefighters?

6 months ago


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 Upcoming Investor Webinar

6 months ago



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.

Investors - Your PFT gear is coming soon!

7 months ago


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 FacebookTwitter 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.

A Flying Mule!

7 months ago


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

7 months ago


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.

$1M Raised!

7 months ago


$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.




Beta Build Update: A First Look at our Beta Airframe

7 months ago


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.

____________________________________________________________________

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.

____________________________________________________________________


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 on the Drone Radio Show

8 months ago

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.

Live Webinar: Saving Animals with Drone Technology

8 months ago


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


Fighting Fire with Fire: PFT's USDA Grant

8 months ago


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.


 

What is a controlled burn?


 
A controlled burn is an intentional fire that is ignited for land management purposes, such as to reduce flammable fuels on the forest floor. They are also used for fighting active wildfires by creating fire breaks. The US spends hundreds of millions each year on controlled burns because they are a key tool in preventing wildfires.



Why use drones for controlled burns?

 

Tragically, several pilots have died over the years in these controlled burn missions, as they require low and slow flight operation. Agencies are actively looking to replace helicopters with drones for this operation, but they need unmanned aircraft that can carry larger payloads and offer longer flight times.

 

 



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 Parallel Flight’s Early Partners

8 months ago


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.

____________________________________________________________________________________________

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.

____________________________________________________________________________________________

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.

____________________________________________________________________________________________

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.

____________________________________________________________________________________________

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.

Join us for an Exclusive Investor Webinar

8 months ago



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


Drone Amplified is a leader in the controlled burn space and the manufacturer of the IGNIS fire ignition management system for drones. Parallel Flight is proud to partner with the Drone Amplified team to integrate their technology with our heavy lift platform, which will allow a significantly larger coverage area per flight for unmanned controlled ignition.


Infravision is a technology company  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, making them one of our first potential customers.


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

Growing our Business: Parallel Flight Joins Avanta Studios

9 months ago



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.

We’ve reached $500K!

9 months ago



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.

WATCH: Parallel Flight Featured on The Weather Channel

9 months ago


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

WATCH: Parallel Flight Featured on The Weather Channel

9 months ago


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

9 months ago


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. 

_____________________________________________________________________________________________________

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.

_____________________________________________________________________________________________________

MEET OUR NEW TEAM MEMBERS


Scott Allen

Mechanical Engineering

 

Scott has more than 30 years of industrial design experience, with an extensive background designing cars, car parts, motorcycles and other vehicles for Yamaha, Polaris, Jaguar, Mercedes and VW. He has also worked on space shuttle designs with NASA. 


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.


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

Meet the Engineering Rockstars at Parallel Flight

9 months ago



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

Brian worked on the design and development of our beta-level Hybrid Power Module, a core piece of our technology that allows higher payloads and longer flight times for multirotor aircraft. He has a deep background in composite structures and design for manufacturing, most recently leading hardware development for an AI and robotics company. Prior, Brian helped design and manufacture ground-up electric motorcycles, electric skateboards, kiteboards and amusement park rides.


Fun Fact: Brian spent over eight years designing and building roller coasters, including the Steel Dragon 2000 in Japan, which holds a world record as the longest roller coaster.



Scott Allen

Scott joined PFT in September and immediately jumped into designing the beta aircraft airframe. He has more than 30 years of industrial design experience with expertise in composites and aerodynamics. He has an extensive background designing cars, car parts, motorcycles and other vehicles for Yamaha, Polaris, Jaguar, Mercedes and VW. Scott has also designed helmets for bikers and motorcyclists, created products for Oakley, Samsung, Yakima and Thule, and worked on space shuttle design with NASA.


Fun Fact: If you've seen the movie Back to the Future, you've seen Scott's work - he helped design The Delorean time machine car for the film.


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


Join us for a live webinar: The Future of Drones + AI

9 months ago


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

Joshua is the co-founder and CEO of Parallel Flight Technologies, an industrial grade drone company with a mission to deliver unmanned systems to save lives, property and the environment. Prior to founding PFT, he led system architecture and electrical engineering for the Tesla Semi Truck program.


Archil is the co-founder and CEO of GenesisAI, a network of machine learning models that allows users to buy and sell AI technologies at scale. Prior to founding GenesisAI, he served as the CEO of the AI startup Palatine Analytics. He has a background in investment management and economics.

Join our CEO for an Ask-Me-Anything Webinar on October 22

9 months ago


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 Upcoming Webinar

10 months ago


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


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Joshua Resnick

 

Joshua is the co-founder and CEO of Parallel Flight Technologies, an industrial grade drone company with a mission to deliver unmanned systems to save lives, property and the environment. Prior to founding PFT, he led system architecture and electrical engineering for the Tesla Semi Truck program. He previously led state-funded research for the State of Alaska developing hybrid electric commercial fishing boats.

 

Ret. Chief Scott Watson

 

Chief Watson devoted nearly 40 years to 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 20 years in tactical helicopter operations.  During his career, he worked in the Aviation Program and ultimately provided leadership to the Interagency Military Helicopter Firefighting Program, where he was awarded the Order of California.

 

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Dr. Rodrigo Neito 

 

Dr. Nieto is a geostrategist and defense futurist focused on the consequences of the accelerating pace of change in homeland security and policing environments. He is a research professor at the National Security Affairs Department and at the Center for Homeland Defense and Security at the Naval Postgraduate School and holds a Ph.D. in Geopolitics.

 

 


 Sevan Gerard

 

Sevan is the VP of Curriculum Development for Counter-Terrorism Watch, Inc. and has been a firefighter and paramedic with the Los Angeles City Fire Department for nearly 15 years. In his role at the LACFD, he protects lives and property, promotes public safety and fosters economic growth through leadership, management and actions, as an all risk life safety response provider.



Introducing Beta

10 months ago

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

________________________________________________________________________________________________

From Concept to Production

We're Back!

10 months ago



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.


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