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Associated Press
3 days ago
- Business
- Associated Press
ZenaTech Pushes Forward on AI Drone Swarms, US Military Applications, and Quantum Computing Initiatives to be Highlighted at Three Upcoming Investor Conferences
VANCOUVER, British Columbia, June 03, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ('ZenaTech'), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, today announces that it is pushing forward on drone swarms, US military applications, and quantum computing projects that it will highlight at three upcoming investor conferences this week. 'Drones are playing an increasingly vital role in modern military warfare, as world events continue to remind us,' said Shaun Passley, Ph.D., CEO of ZenaTech. 'Success on the battlefield is no longer reliant on brute force or firepower—it's about intelligent, networked systems that deliver speed, data, and autonomy.' These investor conferences are attended by institutional investors, family offices, financial advisors, high net-worth investors, and emerging tech leaders that want to explore innovative technologies in high-growth sectors. ZenaTech will highlight its latest developments for both government and commercial sectors including wildfire response and suppression, extreme weather detection and management, and ISRT (inspection, surveillance, reconnaissance, and targeting) applications for the military. Conference Details: Maxim Group Virtual Tech Conference Series – Bringing together emerging growth companies at the forefront of innovation, the 2025 series will spotlight how firms are leveraging AI and quantum computing to disrupt industries and scale for the future. Hosted on Maxim's M-Vest platform, the event will feature interactive discussions including a drone company panel featuring ZenaTech's CFO, Jim Sherman. Date: June 4, 2025 | Format: Virtual MicroCap Rodeo Investor Conference – Known for connecting high-potential microcap companies with institutional investors, this conference organized by New York-based money managers and investors offers a dynamic platform for one-on-one meetings and corporate presentations across sectors including AI, robotics, and advanced tech. ZenaTech's VP of Corporate Development, Linda Montgomery will be presenting. Date: June 6, 2025 | Venue: Sparks Steakhouse, New York City CEM Bermuda Capital Event 2025 – A premier, invitation-only forum that pairs high-growth companies with a curated network of institutional investors, family offices, and portfolio managers. It offers a focused environment for strategic dialogue and direct engagement around capital markets, innovation, and long-term value creation. ZenaTech's VP of Corporate Development and CFO will participate in a series of investor meetings over the two-and-a-half-day event. Date: June 7-9, 2025 | Venue: Hamilton, Princess & Beach Club, Bermuda To participate or book a one-on-one meeting with ZenaTech representatives at one of these events, please refer to the conference website links. 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 CORE IR [email protected] 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
27-05-2025
- Business
- Associated Press
ZenaTech Provides Quantum Computing Update on ‘Clear Sky' Weather Forecasting Project─AI Drone Swarms to Combat Steep Rise in Billion Dollar Extreme Weather Events
VANCOUVER, British Columbia, May 27, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ('ZenaTech'), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, today provides an update on its 'Clear Sky' project, an R&D initiative soon to be released in a beta application version, that uses multiple AI drones in a drone swarm, and quantum computing for weather forecasting. The goal is to better predict localized weather including extreme weather events for business and government users, saving lives and billions of dollars. In the coming months, ZenaTech plans to expand its quantum computing project team to 20 by adding at least ten additional specialized engineers. This will accelerate the development and upcoming beta release of Clear Sky in addition to furthering other internal quantum computing projects currently underway. 'Last year, there were 58 separate billion-dollar weather disasters globally, the second highest on record, which includes 27 in the US. Through the Clear Sky project, we will use AI-powered drone swarms and quantum computing to better predict these disasters and fill the critical atmospheric observation gaps of traditional weather data collection and satellite methods,' said CEO of ZenaTech Shaun Passley, Ph.D. 'Drones with sensors flying at high altitudes can collect data in real time enabling greater spatial and temporal resolution resulting in more precise, up-to-the-minute weather insights to better anticipate the onset of extreme weather like tornadoes.' AI-powered drone swarms are an emerging tool in meteorology, offering a transformative approach to weather forecasting by collecting real-time atmospheric data with unprecedented precision and spatial coverage. These multiple autonomous drones coordinate their movements using AI algorithms to sample different layers of the atmosphere simultaneously. Equipped with advanced sensors, they measure key variables such as temperature, humidity, wind speed, and pressure in hard-to-reach or dangerous areas like storm systems or remote regions. The data collected is transmitted in real time to forecasting models, improving the resolution and accuracy of predictions, especially for fast-evolving thunderstorms or tornadoes. By providing high-frequency, localized measurements, AI drone swarms significantly enhance the ability to detect early warning signs and refine short-term and local mesoscale forecasts. Quantum computing is an emergent field of cutting-edge computer science harnessing the unique qualities of quantum mechanics to solve problems beyond the ability of even the most powerful classical computers of today, to process massively complicated mathematical problems and data at orders of magnitude faster speeds. Quantum computers can analyze vast and complex drone data much faster and more accurately, improving weather predictions and enhancing the ability to forecast extreme events. There has been a steep rise in the number of billion-dollar weather disasters in recent years. In 2024, extreme weather events—including hurricanes, wildfires, floods, and severe storms—inflicted approximately $417 billion in losses globally according to Gallagher Re's Natural Catastrophe and Climate Report. 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 CORE IR [email protected] 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
23-05-2025
- Business
- Associated Press
Targeting the Skies: 4 Drone Stocks With Breakout Potential
Drones have evolved from niche gadgets into critical infrastructure across defense, industry, and commerce. As the technology matures, its applications are expanding rapidly—redefining how businesses operate, governments defend, and data is gathered in real time. The global drone-powered solutions market is projected to grow from $17.9 billion in 2024 to $47.5 billion by 2030, according to driven by demand in sectors like agriculture, logistics, construction, and national security. In the U.S. alone, the Department of Defense has redirected $50 billion toward advanced technologies, including drone systems and counter-drone measures, underscoring the strategic priority placed on aerial innovation. With that in mind, here's a closer look at four drone-focused companies that stand out in this rapidly accelerating market. ZenaTech (NASDAQ: ZENA) is emerging as a serious contender in the commercial drone space, driven by its Drone as a Service model, which allows enterprise clients to deploy drones without managing hardware, pilots, or compliance. That offering helped push Q1 2025 revenue to 1.13 million dollars, a 92 percent year-over-year increase. Growth was powered by both acquisitions and organic expansion in the U.S. and U.K. CEO Shaun Passley, Ph.D., said the results reflect 'strong customer demand across sectors including agriculture, renewable energy, and infrastructure inspection,' and confirmed the company plans to pursue more than 20 acquisitions in the next 12 months to deepen its market footprint. The company is rapidly expanding its geographic reach. It recently launched a European headquarters in Dublin to support agricultural and industrial clients across the continent. According to Passley, ZenaTech's drones are designed 'to boost crop yields while reducing operational costs' by delivering real-time aerial insights. The company also opened a regional hub in Dubai focused on drone-enabled building cleaning. Its IQ Square drone, which operates tethered to ground-based water and power systems, is designed to clean high-rise buildings without human labor. ZenaTech is now securing permits from the Dubai Civil Aviation Authority and building a regional team of drone pilots and sales professionals. ZenaTech is also advancing a broad product roadmap. Its flagship ZenaDrone 1000, a heavy-lift, gas-powered platform, is targeted at logistics and defense customers. The company's smaller IQ Nano drone is built for autonomous indoor flight in warehouses, stadiums, and data centers. Through its Taiwan-based Spider Vision Sensors subsidiary, ZenaTech is also integrating advanced AI and hyperspectral imaging into its drones to support precision agriculture and industrial inspection. Passley said these investments are 'intended to grow the company over the long term' by enhancing software, sensors, and manufacturing capacity. With surging top-line growth, expanding global operations, and a robust hardware and software pipeline, ZENA is positioning itself as a scalable platform in the rapidly maturing drone economy. AgEagle Aerial Systems (NYSE: UAVS) is showing signs of a meaningful financial turnaround. For Q1 2025, the company reported net income of $7.06 million — a sharp reversal from the $6.32 million loss in Q1 2024 — driven largely by cost reductions and a gain related to warrant liabilities. Operating losses narrowed by 58%, and gross margin expanded to 58.5% from 50.2% year over year, thanks to disciplined expense management and a focus on higher-margin drone hardware. 'This pivotal milestone is a clear validation of the strategic decisions we have made to streamline operations, sharpen our commercial focus, and prioritize higher-margin product lines,' said CEO Bill Irby. While total revenue dipped slightly to $3.65 million due to seasonal SaaS softness, drone sales surged 98% to $2.23 million — underscoring the company's pivot toward core hardware and sensor offerings. AgEagle also ended the quarter with $3.78 million in cash, a modest increase from year-end 2024. Strategically, AgEagle is building partnerships to extend its global reach. In India, it recently formed a manufacturing and licensing alliance with Vyom Drones to bring its eBee X surveying drone to one of the world's fastest-growing agtech markets. With over 345 million acres of arable land and increasing government support for precision farming, India represents a major growth opportunity. In parallel, AgEagle announced a new collaboration with Ascent AeroSystems to integrate its RedEdge-P multispectral camera into Ascent's rugged Spirit UAV. The joint solution targets high-value agricultural use cases, offering advanced data capture in demanding conditions. With improving margins, a leaner cost structure, and a focused expansion strategy, AgEagle appears well-positioned to scale its presence in the global agricultural and public-sector drone markets. Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS) is a technology company focused on defense, national security, and commercial markets. The company invests heavily in internally funded research and development to deliver affordable, reliable, and rapidly deployable mission-critical systems. Kratos is recognized for designing products that enable fast, large-scale, low-cost manufacturing, providing a competitive advantage to prime contractors and government customers. In March 2025, Kratos was added to the S&P SmallCap 600 Index, reflecting its financial stability, market position, and growth. CEO Eric DeMarco stated this milestone validates their strategy of delivering disruptive defense technologies that support warfighters with practical capabilities. Kratos recently received a sole source award valued at approximately thirty million dollars to produce air defense system hardware. This contract highlights Kratos' leadership in manufacturing military-grade hardware for air defense, hypersonics, propulsion, and other national security systems, with production at a secure company facility. The company is expanding deployment of its automated truck platooning technology in Ohio and Indiana, in partnership with state transportation departments and logistics firms. Originally developed for the military, this autonomous driving system addresses critical logistics challenges such as truck driver shortages and safety, improving supply chain resilience and operational efficiency in commercial sectors. Financial results for the first quarter of 2025 showed revenues of three hundred and two point six million dollars, representing over nine percent growth compared to the prior year. Growth was driven by unmanned systems and government solutions, including defense rocket systems, microwave products, and C5ISR technologies. The book-to-bill ratio stood at 1.2, with backlog increasing to approximately one point five billion dollars. Adjusted earnings per share were twelve cents. Mr. DeMarco expressed confidence in the company's outlook given the clarity in defense funding and potential increases in the national security budget. Planned expansion of Israeli facilities will support scaling of air defense and missile production. Key growth areas include hypersonics, propulsion, microwave electronics, and space and satellite programs. Kratos' U.S.-based supply chain and military-spec hardware and software expertise position it well to capitalize on renewed defense industrial base investments. The company is focused on increasing market share and margins by leveraging its unique capabilities and strategic industry opportunities. EHang (NASDAQ: EH) is a global leader in urban air mobility (UAM), specializing in autonomous, eco-friendly eVTOL aircraft. In 2024, EHang achieved record revenues of RMB456.2 million (US$62.5 million), up 288.5% year-over-year, alongside delivering 216 EH216-S units, a 315% increase. The company posted its first full year of non-GAAP profitability and positive operating cash flow, signaling strong financial momentum. EHang secured critical regulatory milestones, including the world's first type, production, and airworthiness certificates for pilotless eVTOLs from China's Civil Aviation Administration (CAAC). Recently, its subsidiaries received the first batch of Air Operator Certificates (OCs), enabling commercial human-carrying flights in China, marking a historic step in urban air mobility. The company is expanding production capacity across multiple manufacturing bases in China and growing its global flight operations to 16 cities across Asia, Europe, and Latin America. Strategic partnerships are advancing battery technology, infrastructure development, and flying car innovation. Founder and CEO Huazhi Hu emphasized EHang's commitment to commercializing autonomous air transport, highlighting record deliveries and profitability as signs of accelerating adoption. With a strong financial position and expanding ecosystem, EHang is positioned to lead the transition to accessible, sustainable urban air mobility 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: Targeting the Skies: 4 Drone Stocks With Breakout Potential
Associated Press
20-05-2025
- Business
- Associated Press
ZenaTech Advances Its US Southeast DaaS Business with a Bolt-On Land Survey Company Acquisition Offer
VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ('ZenaTech'), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, today 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 ZenaTech's 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. 'This target acquisition will strengthen our regional Florida coverage by delivering faster and more precise drone-powered surveys to construction, real estate and government customers, while accelerating our broader US DaaS rollout,' said Shaun Passley, Ph.D., CEO of ZenaTech. 'With the global drone survey market growing at over 19% a year, we plan to leverage this growth by building a scalable, recurring revenue business that captures long-term value across land surveys and other legacy industries ripe for drone innovation.' Accurate land surveys are essential for the planning, design, and execution of roads, bridges, and building projects for cities, commercial, and residential projects, and are required for legal purposes. Remotely piloted drones with an array of sensors and cameras, LiDAR (Light Detection and Ranging), and GPS systems for capturing high-resolution pictures and data are revolutionizing the land survey industry, gathering aerial data across expansive terrains in a matter of hours instead of weeks or months using more traditional photogrammetry methods. The 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. ZenaTech's 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. 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 CORE IR [email protected] 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.
Yahoo
20-05-2025
- Business
- Yahoo
ZenaTech Advances Its US Southeast DaaS Business with a Bolt-On Land Survey Company Acquisition Offer
VANCOUVER, British Columbia, May 20, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, today 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 ZenaTech's 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. 'This target acquisition will strengthen our regional Florida coverage by delivering faster and more precise drone-powered surveys to construction, real estate and government customers, while accelerating our broader US DaaS rollout,' said Shaun Passley, Ph.D., CEO of ZenaTech. 'With the global drone survey market growing at over 19% a year, we plan to leverage this growth by building a scalable, recurring revenue business that captures long-term value across land surveys and other legacy industries ripe for drone innovation.' Accurate land surveys are essential for the planning, design, and execution of roads, bridges, and building projects for cities, commercial, and residential projects, and are required for legal purposes. Remotely piloted drones with an array of sensors and cameras, LiDAR (Light Detection and Ranging), and GPS systems for capturing high-resolution pictures and data are revolutionizing the land survey industry, gathering aerial data across expansive terrains in a matter of hours instead of weeks or months using more traditional photogrammetry methods. The 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. ZenaTech's 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. 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 investors@ Investors: Michael Mason CORE IR investors@ 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 in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
