Parazero Limited is an Australia-based manufacturer of drone safety solutions. The Company designs and develops, ParaZero SafeAir, a drone safety solution for commercial drones. ParaZero SafeAir is a safety box that independently monitors the fight operation of unmanned drones. It triggers a patented ballistic parachute to provide a controlled descent rate, warns bystanders underneath and communicates with the unmanned traffic system. The Company's drone safety products include SafeAir 5, SafeAir 10, SafeAir 30, SafeAir M-200, SafeAir M-600, and SafeAir 350. The Companyâ€™s SafeAir system monitors the flight operation of the drone with the SmartAir control system, which in case of drone failure in flight, triggers a patented ballistic parachute to provide a controlled descent rate and warns bystanders through an alarm system. The SmartAir system records flight data for statistical analysis and black box reporting.