Medigus announces ParaZero signed new agreement with Black Square

Medigus (MDGS) announced that ParaZero Technologies (PRZO), an aerospace company focused on drone safety systems for commercial drones and urban air mobility aircraft, has announced its further expansion into the Latin American drone market with a new development agreement with Colombia-based drone OEM, Black Square, an industrial drone producer leader in the region that focuses on enterprise drone platforms. Black Square’s decision to integrate ParaZero’s patented parachute technology underscores the importance of safety in advanced drone operations. “Latin America represents a growing market for commercial drone applications, and our collaboration with Black Square solidifies our commitment to promoting safety across the commercial drone and urban air mobility ecosystem in the region,” said Boaz Shetzer, Chief Executive Officer of ParaZero. “Having recently facilitated groundbreaking operational approvals in Latin America with our technology, we’re eager to further our presence and deepen our ties in Latin America, and we look forward to our new partnership with the very talented team at Black Square.”