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Associated Press
21-05-2025
- Business
- Associated Press
$1.13 Million Q1 2025 Revenue, Up 92% vs. Q1 of 2024 Thanks to Valuable Acquisitions and Organic Growth, Plus AI Drone and Quantum Computing Solutions Advancing in Multiple Industries: ZenaTech, Inc.
$ZENA Makes New Acquisition Offer ZenaTech for US Southeast DaaS Business with a Bolt-On Land Survey ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical business applications. Since 2017, ZENA has leveraged its software development expertise and grown its drone design and manufacturing capabilities through subsidiary ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes. With enterprise software customers using branded solutions in law enforcement, health, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, the ZENA portfolio of solutions helps drive exceptional operational efficiencies, accuracy, and cost savings. ZENA operates through seven global offices in North America, Europe, Taiwan and UAE, and is growing a DaaS business model and global partner network. ZenaDrone, a wholly owned subsidiary of ZENA, develops and manufactures autonomous business drone solutions that can incorporate machine learning software, AI, predictive modeling, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown to multifunctional drone solutions for industrial surveillance, monitoring, inspection, tracking, process automation and defense applications. Currently, the ZENA ZenaDrone 1000 drone is used for crop management applications in agriculture and critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management and security in the warehouse and logistics sectors, and the IQ Square is an indoor/outdoor drone designed for land survey and inspections use in commercial and defense sectors. ZenaTech Advances Its US Southeast DaaS Business with a Bolt-On Land Survey Company Acquisition Offer On May 20th ZENA announced it has extended an offer to acquire a well-established Florida land survey engineering firm that could serve as a bolt-on to another recently acquired land survey company. The acquisition would strengthen the ZENA Drone as a Service presence in the high-growth Florida market and would be the fourth acquisition in the Southeast region and the fifth acquisition nationally. The ZENA Drone as a Service or DaaS business model works similarly to Software as a Service (SaaS), but instead of providing software over the internet, this model offers drone technology solutions and services on a subscription or pay-per-use basis. Both business and government customers can conveniently access drones for tasks such as surveying, inspections, security, law enforcement, power washing or precision agriculture solutions without having to buy, operate, or maintain the drones themselves. The ZENA DaaS model offers customers, including government agencies, builders and developers, construction firms, and farmers, reduced upfront costs as there is no need to purchase expensive drone hardware and software, and convenience as the company manages drone pilots, regulatory certifications, maintenance, and operations. DaaS also offers scalability to companies to use more often or less often based on their needs and enables access to advanced drone technology and applications. Nearly Double Revenue Year-Over-Year for the First Quarter of 2025 On May 15th ZENA announced financial results for the first quarter 2025 which included the following highlights: Total revenues for the first quarter of 2025 were $1.13 million, up 92% compared to $591,379 for the first quarter of 2024 primarily due to acquisitions and organic growth. The ZENA new Drone as a Service or DaaS segment grew from completing two acquisitions of land survey drone servicing companies ─ Oregon-based Weddle Surveying and Florida-based KJM Land Surveying. The Company also signed five LOIs for additional acquisitions. ZENA acquired Othership, a UK workplace management software company supporting its enterprise SaaS software segment, where it plans to leverage workplace AI and quantum computing productivity solutions targeting business and government customers. ZENA made investments in longer term growth and in new segment development that caused general and administrative expenses to increase to $5.75 million in Q1 2025 versus about $0.7 million in Q1 of 2024. ZENA made investments in its subsidiary ZenaDrone's UAE manufacturing capabilities during the quarter, including hiring 35 new engineers and technicians. Also announced was the opening of a drone testing facility in Turkey for beyond-the-line-of-sight drone testing. ZENA Drone product highlights in Q1 include finalizing the third-generation design and 'production model' of the ZenaDrone 1000 drone that will enable the start of scaling up of production. The company also announced the IQ Square drone has moved from prototype to manufacturing stage. The commence of work on a heavy-lift gas-powered ZD 1000 model for longer fight times for US defense applications took place during the quarter. Testing also commenced on a new high-density drone battery and a proprietary communications system for this drone. ZenaDrone is preparing for Green UAS followed by Blue UAS certification required to sell to the US Military. Additionally, it is reviewing and putting in place cybersecurity practices, documentation, and internal controls necessary to apply for this certification. ZENA further expanded its Taiwan drone component manufacturer ─ Spider Vision Sensors, adding additional engineering and business development staff. It also announced the first Blue UAS-certifiable drone sensors are under development. ZENA received a letter of support from the U.S. Air Force to use ZenaDrone 1000 for drone cargo delivery, which includes blood transport. Expanding Drone Exterior Building Power Washing to Dubai, Tapping into Global Drone Cleaning Services Market Growing to USD 13 Billion by 2030 On May 13th ZENA announced expanding its United Arab Emirates (UAE) presence by establishing a new office to sell Drone-as-a-Service (DaaS) offerings based in Dubai. Initially this office will focus on delivering drone-powered cleaning services for building exteriors using the IQ Square drone tethered to a water pipe and electrical cord. ZENA is currently obtaining a permit from the Dubai Civil Aviation Authority to begin power wash testing and operations. Supporting this expansion, ZENA will hire two business development managers and up to four additional drone pilots, with drones supplied from its subsidiary ZenaDrone which has a manufacturing hub in nearby Sharjah. The global drone power washing market falls under a broader drone cleaning services market category that was valued at approximately USD 4.36 billion in 2023 and is projected to reach USD 13.2 billion by 2030, growing at a compound annual growth rate (CAGR) of almost 17% according to market analyst Valuates Reports, fueled by increasing demand for safe, efficient and cost-effective maintenance solutions. ZenaDrone Tests Proprietary Camera Enabling IQ Nano Drone Swarms for US Defense Applications and Blue UAS Submission On May 8th ZENA announced that subsidiary ZenaDrone is testing a new proprietary specialized camera that enables more efficient indoor applications such as inventory and security management, when utilizing IQ Nano drone swarms for commercial and US defense applications. The new ZENA camera prototype developed by its Taiwan component manufacturing subsidiary, Spider Vision Sensors, in collaboration with its certified electronics manufacturing partner, Suntek Global, will enable faster and more precise collection of data including multiple bar codes simultaneously scanned by multiple drones in a drone swarm. ZENA plans to apply for Blue UAS (Unmanned Aerial Systems) certification that lists and validates drones for military and government use. Military and Defense departments use small autonomous indoor drones like the 10X10 inch IQ Nano for various applications such as inventory management, indoor building reconnaissance, search and rescue, training simulations, and explosives detection. The ZENA ZenaDrone is also engaged in a paid trial which includes developing drone swarm applications for inventory management and security applications with a multinational auto parts manufacturer customer Drone as a Service (DaaS) Offerings Expand to Bathymetric Surveys for Underwater Terrain Mapping for Commercial and Government Customers On May 1st ZENA announced its DaaS offerings have expanded to include bathymetric surveys, a specialized method of mapping underwater terrain using drones equipped with sonar. These surveys are important for critical underwater depth and contour data to support maintenance, dredging, environmental planning, and aquatic development for both commercial and government customers. The ZENA DaaS bathymetric surveys are now available in South Florida through the recently acquired Wallace Surveying where the team has both golf course and Intracoastal Waterway project relationships and surveying expertise. Utilizing advanced sonar and ZENA drones, high-resolution underwater maps help customers make informed decisions ─ from enhanced water management and lake and channel design strategies, to ensuring long-term sustainability. According to DataIntelo market research, the global Bathymetry Survey Sonar Market was valued at approximately $1.2 billion in 2023, this market is projected to reach $2.1 billion by 2032, growing at a CAGR of 6.2%. This encompasses sonar systems utilized in bathymetric surveys, including those deployed on drones. For more information on $ZENA visit: DISCLAIMER: Disclosure listed on the CorporateAds website Media Contact Company Name: ZenaTech, Inc. Contact Person: CEO Shaun Passley, Ph.D. Email: Send Email Phone: (647) 249-1622 Address:777 Hornby Street, Suite 600 City: Vancouver State: British Columbia V6Z 1S4 Country: Canada Website: Source: CAP, LLC
Associated Press
20-05-2025
- Business
- Associated Press
ZenaTech's (Nasdaq: ZENA) DaaS Model, Strategic Acquisitions Drive 92% Revenue Growth in Q1
The commercial and military drone sectors are entering a high-growth phase, driven by rapid tech innovation and expanding use across industries. The global commercial drone market hit $30.02 billion in 2024 and is projected to grow at a 10.6% CAGR through 2030, per Grand View Research. Meanwhile, military drone spending is expected to more than double from $24.25 billion in 2025 to $56.69 billion by 2033, growing at 11.2% CAGR, according to Straits Research. With drones transforming agriculture, logistics, public safety, and defense, investors are scanning the skies for breakout players. ZenaTech (Nasdaq: ZENA) is an AI-driven drone and software company that is making strategic moves that position it as a rising force in this rapidly evolving sector. Diversified Drone Applications Fuel Growth ZenaTech has built a multi-vertical drone business through its subsidiary ZenaDrone, with solutions tailored for agriculture, infrastructure inspection, inventory management, public safety, and defense. The company's AI-powered drones — including the ZenaDrone 1000 and its IQ Nano and IQ Square models — serve both indoor and outdoor use cases, enabling everything from 3D mapping and barcode scanning to power line inspections and real-time surveillance. A key differentiator is ZenaTech's embrace of a Drone-as-a-Service (DaaS) model. Much like SaaS platforms or ride-hailing services, the company enables clients to access drones on a subscription or pay-per-use basis — no hardware purchases, pilots, or maintenance required. This recurring-revenue model lowers adoption barriers while providing scalable upside across multiple sectors and geographies. Poised to Capture Agricultural Sector Growth in Europe In early May, ZenaTech announced the opening of its European headquarters in Dublin, Ireland, a strategic move that places it near critical logistics infrastructure and opens access to high-growth EU markets. Europe's agricultural drone market is projected to grow from $4.6 billion in 2023 to over $43 billion by 2032, a staggering 28.6% CAGR. Farmers across the continent are adopting drone technologies for seeding, spraying, monitoring, and data collection. ZenaTech is targeting this growth with specialized DaaS offerings for precision agriculture, renewable energy, and construction. According to CEO Shaun Passley, Ph.D., 'our AI-powered drone solutions are designed to boost crop yields while reducing operational costs and provide smart, data-driven insights.' With favorable regulatory tailwinds and a continental focus on sustainability, ZenaTech is well-positioned to benefit from rising demand in this space. Launching Drone-Based Cleaning Services in Dubai One of the company's most strategically significant initiatives is its recent expansion into Dubai, where it is launching a drone-based exterior building cleaning service. Leveraging the IQ Square, a large-format drone equipped with tethered water and power lines, ZenaTech aims to tap into a fast-growing niche. Dubai's high-rise skyline, frequent sandstorms, and mandated cleaning standards create a natural use case for drone-enabled washing services. The global drone cleaning market is expected to triple from $4.36 billion in 2023 to $13.2 billion by 2030. As a first mover in this region, ZenaTech is looking to establish an early foothold in an emerging sector of urban infrastructure management. Advancing Defense and Proprietary Innovation ZenaTech is also developing its presence in defense, with its IQ Nano drone swarms designed for autonomous surveillance, RFID and barcode scanning, and battlefield logistics. These lightweight drones, available in compact 10x10 and 20x20-inch formats, are being tested for military and commercial use and are in the process of obtaining Blue UAS certification, enabling sales to U.S. government agencies. Vertical integration is another strength. Through its Taiwan-based Spider Vision Sensors subsidiary, ZenaTech has developed proprietary cameras that align with U.S. National Defense Authorization Act (NDAA) compliance requirements. Internal control over hardware development supports faster iteration and greater cost control across its product lines. Revenue Growth and Aggressive Scaling ZenaTech reported $1.13 million in Q1 2025 revenue, a 92% year-over-year increase. Much of this momentum stems from the DaaS segment, bolstered by a disciplined acquisition strategy. Recent purchases include Oregon's Weddle Surveying and Florida's KJM Land Surveying, both of which enhance its geospatial data and infrastructure services. In the enterprise software space, ZenaTech also acquired UK-based Othership, a SaaS workplace platform. The company has opened a drone testing facility in Turkey and expanded hiring in the UAE, Taiwan, and the United States to support R&D and manufacturing needs. While operating expenses rose meaningfully in the quarter, the company has signaled a long-term growth focus. Management also noted it is evaluating over 20 potential acquisitions within the next year, underscoring its ambitions to scale rapidly through both organic and inorganic strategies. Bottom Line As the global drone market accelerates, ZenaTech (Nasdaq: ZENA) is carving out a role as a nimble and diversified competitor. Its DaaS model enables recurring revenue and ease of customer adoption, while its international expansion, particularly into Europe and Dubai, offers near-term growth catalysts. With a strong product pipeline, proprietary innovations, strategic acquisitions, and accelerating revenue, ZenaTech may offer investors an intriguing early-stage opportunity in the broader drone Contact Company Name: RazorPitch Contact Person: Mark McKelvie Email: Send Email City: NAPLES State: Florida Country: United States Website: Press Release Distributed by To view the original version on ABNewswire visit: ZenaTech's (Nasdaq: ZENA) DaaS Model, Strategic Acquisitions Drive 92% Revenue Growth in Q1
Associated Press
25-03-2025
- Business
- Associated Press
ZenaTech's ZenaDrone Developing Indoor Drone Swarm Application for Inventory Management and Security with Auto Parts Manufacturer Customer
VANCOUVER, British Columbia, March 25, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ('ZenaTech'), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, today announces its subsidiary ZenaDrone is developing a drone swarm application using multiple indoor IQ Nano drones for inventory management and security applications. ZenaDrone is conducting this development with its auto parts manufacturer customer where it is currently engaged in a paid trial. A drone swarm is a coordinated group of autonomous drones that communicate and work together using AI and real-time data sharing, to perform tasks collaboratively without direct human control. Drone swarms can enhance efficiency, accuracy, automation and performance compared to a single drone. 'We are pioneering the development of autonomous drone swarm technology, revolutionizing indoor inventory management and warehouse security by providing real-time, more accurate stock tracking and surveillance with reduced manual processes. We believe this technology will enable warehouses to operate more efficiently, reduce costs, and enhance safety and security while setting a new industry standard for AI drones,' said CEO Shaun Passley, Ph.D. Using multiple drones or a drone swarm for indoor inventory management—such as reading barcodes or RFID tags—may offer significant advantages in efficiency, accuracy, and scalability. Autonomous drones can rapidly scan thousands of tags per second with high accuracy, providing real-time visibility into inventory without disrupting workflows. This is particularly valuable in large warehouses where manual stocktaking is time-consuming and labor-intensive. A drone swarm can also cover more ground simultaneously, dramatically reducing inventory audit times while providing near-total inventory visibility. An AI drone swarm for indoor security and surveillance enhances coverage, response time, and efficiency by autonomously patrolling large areas, detecting threats, and providing real-time situational awareness. Unlike stationary cameras or human patrols, drone swarms can dynamically adapt to security breaches, track intruders, and coordinate movements to eliminate blind spots. AI-driven analytics enable them to identify anomalies, recognize faces, and detect unauthorized activity with high precision, reducing false alarms and improving security decision-making. Their autonomous nature minimizes human labor costs while ensuring 24/7 monitoring in complex environments like warehouses, data centers, or commercial facilities. The ZenaDrone IQ Nano is available in 10x10 and 20x20-inch sizes, designed to perform regular and frequent inspections such as bar code or RFID scanning, facility maintenance inspections, security monitoring, 3D indoor mapping and other applications inside a warehouse, distribution, or plant facility. The IQ Nano is designed for autonomous use featuring integrated sensors, high-quality cameras, data collection and analysis including artificial intelligence methodologies. Weighing 1.5kg and with a flight time of at least 20 minutes before utilizing the automatic battery recharging station, it is designed for hovering stability and safety with obstacle avoidance capabilities. About ZenaTech ZenaTech (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical business applications. Since 2017, the Company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes. With enterprise software customers using branded solutions in law enforcement, health, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech's portfolio of solutions helps drive exceptional operational efficiencies, accuracy and cost savings. The Company operates through seven global offices in North America, Europe, Taiwan, and UAE, and is growing a DaaS business model and global partner network. About ZenaDrone ZenaDrone, a wholly owned subsidiary of ZenaTech, develops and manufactures autonomous business drone solutions that can incorporate machine learning software, AI, predictive modeling, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown to multifunctional drone solutions for industrial surveillance, monitoring, inspection, tracking, process automation and defense applications. Currently, the ZenaDrone 1000 drone is used for crop management applications in agriculture and critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management and security in the warehouse and logistics sectors, and the IQ Square is an indoor/outdoor drone designed for land survey and inspections use in commercial and defense sectors. Contacts for more information: Company, Investors and Media: Linda Montgomery ZenaTech 312-241-1415 [email protected] Investors: Michael Mason Safe Harbor This press release and related comments by management of ZenaTech, Inc. include 'forward-looking statements' within the meaning of U.S. federal securities laws and applicable Canadian securities laws. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. This forward-looking information relates to future events or future performance of ZenaTech and reflects management's expectations and projections regarding ZenaTech's growth, results of operations, performance, and business prospects and opportunities. Such forward-looking statements reflect management's current beliefs and are based on information currently available to management. In some cases, forward-looking information can be identified by terminology such as 'may', 'will', 'should', 'expect', 'plan', 'anticipate', 'aim', 'seek', 'is/are likely to', 'believe', 'estimate', 'predict', 'potential', 'continue' or the negative of these terms or other comparable terminology intended to identify forward-looking statements. Forward-looking information in this document includes, but is not limited to ZenaTech's expectations regarding its revenue, expenses, production, operations, costs, cash flows, and future growth; expectations with respect to future production costs and capacity; ZenaTech's ability to deliver products to the market as currently contemplated, including its drone products including ZenaDrone 1000 and IQ Nano; ZenaTech's anticipated cash needs and it's needs for additional financing; ZenaTech's intention to grow the business and its operations and execution risk; expectations with respect to future operations and costs; the volatility of stock prices and market conditions in the industries in which ZenaTech operates; political, economic, environmental, tax, security, and other risks associated with operating in emerging markets; regulatory risks; unfavorable publicity or consumer perception; difficulty in forecasting industry trends; the ability to hire key personnel; the competitive conditions of the industry and the competitive and business strategies of ZenaTech; ZenaTech's expected business objectives for the next twelve months; ZenaTech's ability to obtain additional funds through the sale of equity or debt commitments; investment capital and market share; the ability to complete any contemplated acquisitions; changes in the target markets; market uncertainty; ability to access additional capital, including through the listing of its securities in various jurisdictions; management of growth (plans and timing for expansion); patent infringement; litigation; applicable laws, regulations, and any amendments affecting the business of ZenaTech.
Associated Press
04-03-2025
- Business
- Associated Press
ZenaTech (Nasdaq: ZENA) Scales AI Drone and Quantum Computing Innovations for Defense and Commercial Markets
The global commercial drone market is taking off, with its value hitting $30.02 billion in 2024 and projected to grow at a 10.6% CAGR through 2030. From agriculture and filmmaking to emergency response and infrastructure inspection, drones are becoming indispensable tools for businesses and governments alike. As the industry evolves, companies are racing to integrate cutting-edge technologies like AI and quantum computing into their offerings — reshaping what's possible in aerial intelligence. In this high-growth sector, ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) has been making headlines with a series of recent announcements that highlight its momentum and potential. Through strategic initiatives, acquisitions, and technological breakthroughs, the company is positioning itself as an emerging leader in both defense and commercial drone markets. Let's dive into what's driving ZenaTech's progress and why it's a company to watch. Pursuit of Blue UAS Certification for Military Applications In late January, ZENA announced that its subsidiaries, ZenaDrone and Spider Vision Sensors, are partnering with Taiwan-based Suntek Global to pursue Blue UAS certification for the IQ Nano drone sensor. Managed by the Defense Innovation Unit (DIU), this certification would allow ZenaTech to supply drones directly to U.S. military and federal agencies — a major step toward securing defense contracts. The IQ Nano is a compact indoor drone designed for precision applications like inventory management, search and rescue, and explosives detection. The company is also pursuing Green UAS certification — a commercial-grade approval — as a stepping stone toward Blue UAS. With the global military drone market projected to grow from $14 billion in 2023 to $47 billion by 2032 (Fortune Business Insights), ZenaTech is strategically positioning itself to capture a share of this expanding market. Expansion of DaaS Business Through Acquisitions In early February, ZenaTech signed a Letter of Intent (LOI) to acquire its fifth land survey engineering company, this time in Southeast Florida. The acquisition strengthens the company's Drone-as-a-Service (DaaS) business model, which combines AI-powered drones with established infrastructure businesses to modernize industries like land surveying and border security. ZenaTech highlighted how drones could enhance Florida's border security, where the state faced $8 billion in illegal immigration costs in 2023. Drones equipped with thermal imaging, night vision, and AI-powered tracking offer 24/7 surveillance in remote or high-risk areas — providing a faster, more cost-effective alternative to manned patrols. Advancements in Drone Technology On February 6, ZenaTech announced that ZenaDrone is testing high-density batteries for the ZenaDrone 1000, its flagship AI drone built for both defense and commercial applications. Supplied by affiliate Galaxy Batteries Inc., the batteries aim to extend flight times and improve performance in missions like cargo transport and reconnaissance. The ZenaDrone 1000 has already completed paid trials with the U.S. Air Force and Navy, demonstrating its potential in logistics and transportation operations. The company's focus on NDAA compliance and its pursuit of Blue UAS certification could further boost its position in the defense market. Innovation in Drone Communications: DroneNet On February 13, ZENA announced DroneNet, its proprietary drone communications management system. DroneNet allows for secure, uninterrupted communications in environments without reliable internet, cellular, or satellite coverage — a critical capability for military operations where real-time data transmission is essential. ZenaTech is developing its own encrypted microchips for DroneNet, ensuring compliance with National Defense Authorization Act (NDAA) requirements. Integrated with the ZenaDrone 1000, DroneNet enhances both security and operational range, making the system a powerful solution for defense and industrial applications. Quantum Computing Initiatives: Sky Traffic Project ZenaTech's quantum computing initiatives are also gaining momentum. On February 19, the company reported positive results from early testing of its Sky Traffic project, which uses AI and quantum computing to improve weather forecasting accuracy for aerial operations. Encouraged by the results, ZenaTech is expanding its team with quantum, AI, and hardware engineers to accelerate development. The company envisions applications in traffic management, wildfire prevention, and defense operations — areas where rapid data processing and predictive analytics could revolutionize decision-making. Scaling Production for Defense and Commercial Markets To meet rising demand, ZenaTech finalized the third-generation design of its ZenaDrone 1000 on February 25. The latest model features a more powerful propulsion system, aerodynamic carbon fiber body, and enhanced lift capabilities for both defense and commercial applications. The company plans to manufacture at least ten units per month starting in Q1 2025 at its Sharjah, UAE facility, while ramping up NDAA-compliant production at its Phoenix, Arizona facility for U.S. Department of Defense applications. Commercial Sector Growth: IQ Square Drone In the commercial sector, ZenaTech is advancing its IQ Square drone, which entered the manufacturing stage on February 27. Designed for building inspections, land surveys, and power washing, the IQ Square plays a central role in the company's growing DaaS model. With the global market for drone cleaning services projected to reach $53.89 billion by 2030 (QYResearch), the IQ Square provides an automated, cost-effective solution — eliminating the need for scaffolding and manual labor in large-scale cleaning jobs. DaaS Model: Revolutionizing Traditional Industries ZenaTech's DaaS model enables businesses and government agencies to access drone solutions on a pay-as-you-go basis, eliminating the need for upfront hardware or software investments. By acquiring established land survey firms and integrating AI drones into their operations, the company is proving how drone technology can transform traditional industries. Conclusion: A Company to Watch As ZenaTech (Nasdaq: ZENA) scales production, expands its market reach, and drives innovation in AI drones and quantum computing, it's positioning itself as a rising player in the technology and defense sectors. With strategic acquisitions, groundbreaking technologies, and increasing traction across multiple industries, ZenaTech's recent developments underscore its potential to capitalize on the growing demand for secure, reliable, and efficient drone solutions, making ZENA a stock to watch. Disclaimers: RazorPitch Inc. 'RazorPitch' is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performances are not statements of historical fact and may be forward-looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by ZenaTech Ltd. to assist in the production and distribution of content related to ZENA. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only; you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third-party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Media Contact Contact Person: Mark McKelvie Email: Send Email City: NAPLES State: Florida
Associated Press
10-02-2025
- Business
- Associated Press
ZenaTech's (Nasdaq: ZENA) Latest Move Could Bolster Drone-as-a-Service Network, Eyes $8 Billion Border Security Market
From agriculture to disaster response, industries are increasingly turning to drones to improve efficiency, reduce costs, and tackle challenges in ways traditional methods cannot. However, the high upfront costs, regulatory hurdles, and technical expertise required have made drone adoption inaccessible for many businesses. ZenaTech (Nasdaq: ZENA) is changing the game with its Drone-as-a-Service (DaaS) model, offering AI-powered drones on a flexible, subscription-based platform. By removing barriers to entry, ZENA is empowering sectors like farming, logistics, and emergency management to harness the power of drone technology. ZenaTech's Drone-as-a-Service: Flexibility Meets Innovation When it comes to disruptive technologies, drones are no longer just a futuristic concept—they're here, and they're transforming industries. ZenaTech (Nasdaq: ZENA), a technology company specializing in AI-driven drone solutions, is positioning itself as a key player in this space with its Drone-as-a-Service (DaaS) business model. By offering flexible, subscription-based drone solutions, ZenaTech is addressing the needs of businesses in various sectors while positioning itself as a potential contender in the growing drone market. ZenaTech's DaaS model is designed to eliminate the barriers that have traditionally kept businesses from adopting drone technology. Instead of purchasing expensive hardware, training pilots, and navigating regulatory hurdles, companies can now access ZenaDrone's multifunctional drones on a subscription basis. This approach is particularly appealing to industries like agriculture, defense, logistics, and environmental monitoring, where the cost and complexity of drone ownership could be been as significant deterrents. 'Our DaaS business model is similar to how Uber transformed the taxi industry,' says CEO Shaun Passley, Ph.D. 'We're providing businesses with affordable access to cutting-edge drone technology without the need for large upfront investments.' The company's flagship drone, the ZenaDrone 1000, is a versatile tool capable of performing tasks ranging from crop monitoring and building inspections to security surveillance and disaster response. For indoor applications, the IQ Nano drone offers compact, autonomous solutions for inventory management and logistics. By leveraging these drones, businesses can achieve significant operational efficiencies, reduce costs, and improve safety. Expanding Reach Through Strategic Acquisitions ZenaTech's aggressive acquisition strategy is another key driver of its DaaS growth. On February 4, 2025, the company announced the signing of a Letter of Intent (LOI) to acquire a fifth land survey engineering company in Southeast Florida. This marks ZenaTech's second acquisition in the region and underscores its commitment to building a national DaaS network. The acquisition is particularly significant as it aligns with ZenaTech's broader strategy to leverage its drone technology for border security and coastal surveillance—a pressing issue for Florida, where illegal immigration cost taxpayers over $8 billion in 2023, according to the Federation for American Immigration Reform. 'Our vision with DaaS is to enable drones to dramatically improve the speed and precision of traditional inspection, safety, and monitoring tasks,' says Passley. 'The surge in illegal immigration by sea to states like Florida is tremendously expensive for taxpayers. Drones can help with coastal surveillance, search and rescue operations, and improve efficiency and manpower expenditures for coast guard and law enforcement organizations.' The ZenaDrone 1000, equipped with advanced sensors, LiDAR, and AI-powered tracking, is poised to revolutionize border security. These drones can provide real-time aerial surveillance over vast coastal areas, detecting illegal migrant boats long before they reach shore. With capabilities like thermal imaging and night vision, they can operate 24/7 in difficult-to-monitor areas, reducing reliance on costly and slower manned patrols. Additionally, drones can relay live data to law enforcement, enabling quicker interception of migrant vessels and improving search and rescue operations for those in distress. By integrating drones with radar systems and AI analytics, authorities can identify patterns in illegal crossings, anticipate threats, and allocate resources more efficiently. This not only strengthens Florida's maritime border security but also highlights the versatility of ZenaTech's DaaS model in addressing complex, large-scale challenges. Targeting High-Impact Applications One of the most promising aspects of ZenaTech's DaaS model is its focus on high-impact applications. For example, the company is developing drone swarms to address natural disasters like hurricanes and wildfires. In hurricane-prone regions like Florida, ZenaTech plans to deploy hundreds of ZenaDrone 1000 units for search-and-rescue operations, damage assessment, and cleanup efforts. Similarly, in the Pacific Northwest, the company is exploring the use of drone swarms for wildfire management, leveraging AI and quantum computing to process vast amounts of real-time data. 'AI-powered drone swarms can dynamically adapt to changing conditions, providing critical support in inaccessible or heavily damaged areas,' explains Passley. 'This technology has the potential to save lives and reduce the economic impact of natural disasters.' The average cost of a landfalling hurricane is estimated at $22.8 billion, while wildfires in the U.S. could cost between $394 billion and $893 billion annually. By offering cost-effective drone solutions for disaster response, ZenaTech is tapping into a massive and growing market. Agriculture Agriculture is another sector where ZenaTech's drones are making waves. The company's multispectral imaging technology allows farmers to monitor crop health, detect pests, and optimize irrigation with unprecedented precision. This capability is particularly valuable in precision agriculture, where the ability to make data-driven decisions can significantly improve yields and sustainability. ZenaTech is also pursuing FAA certification for its ZenaDrone 1000 to be used as a crop sprayer. This dual-use capability—applicable to both agriculture and wildfire management—could open up new revenue streams for the company. The U.S. agricultural drone market, valued at $2.74 billion in 2024, is projected to grow to $10.45 billion by 2030. ZenaTech is well-positioned to capture a share of this booming market. The Road Ahead ZenaTech's DaaS model is more than just a business strategy—it's a vision for the future of drone technology. As Passley puts it, 'We're bringing the speed and precision of AI drones to legacy industries, transforming the way businesses operate.' For investors, ZenaTech (Nasdaq: ZENA) represents a unique opportunity to invest in a company that's not only innovating within the drone space but also addressing critical challenges across industries like agriculture, disaster response, and border security. With its scalable DaaS model, strategic acquisitions, and focus on high-impact applications, ZenaTech is well-positioned to capitalize on the growing demand for drone technology—making it a stock worth watching as it continues to execute its growth strategy. Disclaimers: RazorPitch Inc. 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