La Selva Beach, CA, May 24, 2023 (GLOBE NEWSWIRE) -- Leading heavy-lift drone developer, Parallel Flight Technologies, announces a significant deal involving the sale of 50 autonomous aircraft to India-based drone and robotics solutions provider, UAV Systems Private Limited (UAVS). Alongside the deal, Parallel Flight will also ensure seamless functioning of these platforms through its continuous maintenance, repair, and overhaul services. Deliveries under this agreement are set to commence in 2024.

This monumental agreement marks a pivotal step in Parallel Flight's international expansion, strengthening its position as a top-tier UAV solution provider in India. The alliance will bring forth customer-centric solutions that blend cutting-edge technology, safety, high efficiency, and affordability across various industries.

UAV Systems Private Limited, supported by various prominent Indian conglomerates, is an expert in UAV solutions, demonstrating a solid track record in penetrating emerging markets with turnkey solutions. The Indian market exhibits broad acceptance of drone technology across sectors such as energy, agriculture, renewables, mining, conservation/reforestation, defense, law enforcement, and several other industrial logistics applications.

"We chose to collaborate with Parallel Flight owing to their unique technology, inventive approach, customer comprehension, and the commendable backgrounds of their team," states Arab Khan, CEO of UAV Systems. He adds, "The proficiency of their scientists and engineers in creating outstanding heavy-lift drone technology fills a technology gap in India. We are excited about this partnership and anticipate the demand for Parallel's units to increase to over 500 in the upcoming years."

Parallel Flight's renowned aircraft, the 122 kg MTOW Firefly, backed by the USDA, NASA, and NSF, has gained recognition as a 'heavy-lift workhorse.' Its proprietary Parallel Hybrid Electric Multirotor (PHEM) drone technology empowers the Firefly to carry an impressive payload of 45kg for up to 1.6 hours. This innovative technology positions the Firefly as a game-changer in the industry, offering an exponential gain over all-electric drones. This has led to a signed USSOCOM CRADA and partnership with global NGO, Island Conservation, for crucial biodiversity initiatives on remote islands.

Joshua Resnick, CEO of Parallel Flight Technologies, asserts, "Our agreement with UAV Systems signifies the escalating demand for heavy-lift drone technology, both in India and globally. We aim to provide premium turnkey experiences at reasonable prices by leveraging our autonomous aircraft and focusing on customers' needs. Our mission is to continue spearheading industry innovation and we eagerly anticipate expanding our technology's manufacturing in the region."

This purchase agreement accelerates Parallel Flight's growth trajectory, readying it to extend its technology across numerous crucial industrial sectors. For further details, please reach out to info@parallelflight.com.

Parallel Flight Technologies

Leading the charge in the development of advanced hover and vertical-lift technology, Parallel Flight Technologies offers sustainable, autonomous UAV solutions aimed at preserving life, property, and the environment. The company's ground-breaking Parallel Hybrid Electric Multirotor (PHEM) propulsion technology empowers UAV platforms to carry substantial payloads for extended durations. This technology has extensive applications in various logistics sectors, such as intricate healthcare logistics in real-time, tactical support for emergency responders, industrial logistics, and other crucial missions worldwide. In addition, this revolutionary tech facilitates a more than 90% reduction in carbon footprint and slashes operating costs by 50%-75% for many applications. For more information, visit www.parallelflight.com.

UAV Systems

UAV Systems Private Limited is a dynamic and innovative India-based company specializing in UAVs. They excel in the design, development, and integration of drone and robotics control systems, providing comprehensive system integration solutions. The team at UAV Systems Private Limited comprises highly dedicated and passionate professionals committed to utilizing state-of-the-art and cutting-edge technology.

Parallel Flight Technologies Inks Multi-Million-Dollar Aircraft Deal