Overview: Our core business is our parachute product line, and all the accessory items that we manufacturer in the US. Our goal is to be a global supplier. We sell many chutes bundled into complete recovery systems under our brand. We also supply chutes into competitor systems as well. We sell directly to sUAS manufacturers that integrate our chutes. Most manufacturing is outsourced to multiple sewing shops and contractors. We have 3rd party suppliers for deployment hardware made to specs. We have ongoing efforts to develop in house hardware to increase margins. We run the business on an SaaS ERP system called Odoo. This gives us an edge allowing us to bring on staff easily from remote locations anywhere. Odoo gives us real time business info.
Why do you need a parachute for your drone? The consequences of a falling UAS without a parachute: injury or fatality, damage to property, and damage to high value UAS, data loss, damage reputation. Some believe a parachute is unneeded and pure technology solutions can mitigate all failure scenarios, but this can fail and be lethal. Regulatory agencies and insurance companies are turning their focus toward mandating or strongly encouraging parachutes like the car air bag rules. Our parachutes are at the quality, strength, reliability needed.
Why now and the opportunity? The FAA is expecting to codify rules for flight over people, which is a coveted objective of sUAS operators. Once published we expect a rush to bring parachutes for sUAS system to the market that meet the stringent requirements. Our parachutes are perfect being light weight, strong, and aerospace industry quality. One opportunity is the development and refinement of integrated easy to use systems that meet the FAA specifications called out by the FAA. We expect similar rulings internationally.
2007 - Founded company with focus on parachutes for rocketry and research.October, 2007
2009 - Began to sell into the very young sUAS (aka Drones) marketJanuary, 2009
2011 - Began to specialize products for the UAV Market. Developed a new high efficiency parachute called the Iris.January, 2011
2013 - Sourced vendors for proprietary Spectra line for parachutes, decreased weight approximately 25%.December, 2012
2013 - Introduced Peregrine UAV CO2 Deployment SystemJanuary, 2013
2014 – Source 10 Denier ultra light fabric for parachutes. Saved additional 35% weight.January, 2014
2016 – Introduced Hawk CO2 release for use with Peregrine UAV. Began work with AAI Textron on Shadow II Parachute system.January, 2016
2017 – Started on Harrier consumer launcher. Worked on ASTM F38 committee for FAA flight over people rule set.January, 2017
Launcher Harrier Parachute Launcher, obtained provision patent of Harrier release.January, 2018