Latest news with #ZENA
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
14-05-2025
- Business
- Associated Press
Multi-Billion Dollar Drone Cleaning Market Addressed via New UAE Office to Sell Drone-as-a-Service for Power Washing, Plus AI Drone & Quantum Computing Solutions in Varied Industries: ZenaTech, Inc
$ZENA Latest Focus on High Value Defense and Bathymetry Survey Sonar Markets with Field Testing Underway 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. 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. 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. The ZENA 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. It is designed for autonomous use featuring integrated sensors, high-quality cameras, data collection and analysis including AI 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. 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. ZENA DaaS business will incorporate the ZenaDrone 1000 and the IQ series of multifunction autonomous drones to provide a variety of service solutions from land surveys to power line inspections or power washing, made accessible and cost effective through an Uber-like business model on a regular subscription or pay-per-use basis. ZENA customers can conveniently access drones for eliminating manual or time-consuming tasks achieving superior results, such as for surveying, inspections, security and law enforcement, or precision farming applications, without having to buy, operate, or maintain the drones themselves. The ZENA DaaS business model offers customers such as government agencies, real estate developers, construction firms, farmers or energy companies reduced upfront costs as there is no need to purchase expensive drones, as well as convenience, as there is no need to manage maintenance and operation. The ZENA model also offers scalability to use more often or less often based on business needs and enables access to advanced drone technology sensors or attachments without the need for specialized training. 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
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. '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 Country: United States
Associated Press
29-01-2025
- Business
- Associated Press
ZenaTech Inc. (Nasdaq: ZENA): Harnessing AI, Drones, and Quantum Computing to Revolutionize Industries
Artificial intelligence is no longer a buzzword—it's reshaping industries and redefining competitive advantages. As global AI spending is projected to soar to $337 billion by 2025 (IDC), much of this investment is flowing into companies embedding AI into real-world operations. From streamlining agriculture to managing natural disasters, AI is powering transformative solutions in unexpected areas. While industry giants dominate headlines, innovative up-and-comers like ZenaTech Inc. (Nasdaq: ZENA) are tackling critical challenges with practical AI applications. Unlike the tech behemoths, ZenaTech focuses on integrating AI into essential industries—agriculture, wildfire management, and defense—where efficient solutions can have immediate and meaningful impact. This approach, coupled with ZenaTech's commitment to cutting-edge technologies like Quantum Computing and its accessible Drone-as-a-Service (DaaS) model, positions the company as a rising star in the AI-driven transformation of traditional sectors. ZenaTech: Driving Innovation with AI, Quantum Computing, and Drones ZENA continues to push the boundaries of technological innovation through its focus on AI-driven drones, Quantum Computing, and its scalable Drone-as-a-Service (DaaS) business model. The company is making headlines with its acquisitions, geographical expansion, and groundbreaking solutions aimed at addressing real-world challenges in industries like agriculture, disaster management, and land surveying. Expanding Through Acquisitions in the Southeast ZENA recently announced its fourth Letter of Intent (LOI) to acquire a land survey engineering firm in Florida, solidifying its presence in the Southeast U.S. region. This acquisition supports ZenaTech's vision of creating a national DaaS network, offering AI-powered drone solutions to industries and government agencies. The ZenaDrone 1000, a multifunction AI-powered drone, will play a central role in helping Florida manage natural disasters, particularly hurricanes. With an average cost of $22.8 billion in damages per hurricane, according to the Office for Coastal Management, the deployment of drone swarms for real-time data collection, search and rescue, and resource allocation has the potential to significantly improve response efficiency and reduce costs. This acquisition follows two others completed earlier this month, forming the foundation of ZenaTech's national DaaS rollout. The company's roll-up strategy targets established land survey engineering firms with experienced teams and a proven customer base, leveraging their expertise to enhance drone-based surveying operations. Drone Swarms: Revolutionizing Disaster Management A key component of ZenaTech's innovation is its AI-powered drone swarms. These drones work collaboratively using advanced algorithms to share data, coordinate flight paths, and adapt dynamically to changing conditions. In hurricane-prone areas like Florida, they can assist with disaster preparation and recovery by mapping high-risk areas, monitoring real-time weather and environmental data, conducting search-and-rescue operations using GPS and thermal imaging, and delivering supplies to inaccessible regions. These advancements are part of ZenaTech's larger Sky Traffic project, which combines drone swarm technology with Quantum Computing algorithms to process vast amounts of real-time data. By hiring experts in physics and Quantum Computing, the company aims to optimize disaster response and other high-value applications. Quantum Computing: Amplifying AI's Impact ZenaTech's integration of Quantum Computing into its AI solutions sets it apart from competitors. Quantum technology enhances data processing speeds and precision, enabling groundbreaking applications in fields such as wildfire prevention and enterprise operations. For example, predictive analytics powered by Quantum Computing allow ZenaTech's drones to forecast wildfire outbreaks with remarkable accuracy by analyzing weather, vegetation, and terrain data. Additionally, Quantum-enhanced AI is being developed to streamline workforce scheduling, logistics, and operational planning, diversifying ZenaTech's revenue streams and targeting the $4 billion Quantum Computing market. Drone-as-a-Service: A Scalable Business Model ZenaTech's DaaS model offers a cost-effective, pay-as-you-go solution for businesses and government agencies, eliminating the need for high upfront investments in drone hardware and software. Industries like construction, agriculture, and oil and gas benefit from ZenaTech's advanced drone capabilities for applications such as land surveying, crop management, compliance, and safety inspections. This approach mirrors the success of platforms like Amazon Web Services, with ZenaTech owning the drones and employing trained pilots, allowing customers to focus on leveraging the technology's benefits without operational burdens. The U.S. Surveying and Mapping Services industry, valued at $10.3 billion and growing at 3% annually, represents a significant market opportunity for ZenaTech's drone-driven disruption. International Growth and Market Expansion In addition to its U.S. operations, ZenaTech's listing on the Mexican Stock Exchange (BMV) under the symbol 'ZENA' marks a milestone in its international expansion. This move provides greater liquidity for shareholders and broadens the company's exposure to international investors. 'This additional listing not only enhances our global reach but also aligns with our goal of delivering shareholder value as we expand into new geographical markets,' said CEO Shaun Passley, Ph.D. Why ZenaTech ZenaTech Inc.'s (Nasdaq: ZENA) unique combination of AI, Quantum Computing, and practical applications positions it at the forefront of multiple high-growth industries. The company is addressing markets with substantial growth potential, including the $10.3 billion land surveying industry and the $1.5 trillion AI market by 2030. By integrating Quantum Computing with AI, ZenaTech delivers advanced solutions that tackle complex challenges in disaster management, agriculture, and beyond. Its DaaS model could ensure a consistent cash flow, while its expertise in navigating FAA certification and regulatory landscapes demonstrates readiness for scalable growth. 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. City: NAPLES State: Florida Country: United States
