2023-08-21 08:26:24 ET
- Medigus Ltd ( OTC:MDGC ) on Monday said ParaZero Technologies Ltd has announced its further expansion into the Latin American drone market with a new development agreement with Colombia-based drone OEM, Black Square.
- Black Square's decision to integrate ParaZero's patented parachute technology underscores the importance of safety in advanced drone operations.
- ParaZero, which is 33.36% owned by Medigus, focuses on drone safety systems for commercial drones and urban air mobility aircraft.
- MDGS +5.12% premarket to $4.31
- Source: Press Release
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Medigus says Parazero signs new development agreement with Latin American drone manufacturer Black Square