Scotts Valley, CA – According to filings with the U.S. Securities and Exchange Commission, Parallel Flight Technologies is raising $1,500,000.00 in new funding. Sources indicate as part of senior management Chief Executive Officer, Joshua Resnick played a key role in securing the recent investment and it will aid in aggressively expanding the company, as well as broaden and accelerate product development.

About Parallel Flight Technologies

We believe that drones can transform our world for the better – saving lives and protecting our environment. Parallel Flight is developing technology to unlock radical new possibilities. Parallel’s Heavy Lift Platform is a radical UAS combining extreme heavy lifting and long duration. New (patent pending) Parallel Hybrid technology gives the platform the capability of lifting its own mass in payload (not including fuel) for over an hour. It is also fully redundant and can continue flying in the event of an engine failure. This opens new possibilities for unmanned logistics, search-and-rescue, firefighting, and heavy sensor applications.

To learn more about Parallel Flight Technologies, visit http://parallelflight.com/

Contact:
Joshua Resnick, Chief Executive Officer
831-252-4175
joshua@parallelflight.com
https://www.linkedin.com/in/joshua-resnick-4426a031/

SOURCE: http://www.intelligence360.io
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