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American based Nort UAV have announced a new project called Mayday which can land a quadcopter safely in the event of a power problem or other problem in flight.

Mayday - Drone SafetyMayday will monitor the flight patterns of your quadcopter and automatically deploy a small parachute if it detects something is not right. Mayday could save your expensive equipment from being heavily damaged because of a crash landing.

The device operates as a stand alone system and is being tested with Mars Parachutes designed to be used for UAV.

The project has been launched on kickstarter.