Latest news with #ZenaTech
Globe and Mail
6 days ago
- Business
- Globe and Mail
Drone-as-a-Service Market Revenue Estimated to Reach $27 Billion by 2033 with Robust Growth Expected in Coming Years
PALM BEACH, Fla., Aug. 07, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - According to a report from Verified Market Reports: 'The Drone-as-a-Service Market Revenue was valued at USD 6.3 Billion in 2024 and is estimated to reach USD 27.3 Billion By 2033, growing at a CAGR of 18.1% From 2026 To 2033. The report said: 'The Drone-as-a-Service (DaaS) market is rapidly evolving, driven by advancements in drone technology and increasing demand for efficient aerial solutions across various sectors. DaaS provides businesses with access to drone services without the need for significant upfront investment in hardware or software. According to the Federal Aviation Administration (FAA), the number of registered drones in the U.S. reached over 1.7 million by 2022, highlighting the growing acceptance and integration of drone technology in commercial applications. This market is characterized by its flexibility and scalability, allowing companies to utilize drone capabilities for specific tasks such as surveying, monitoring, and data collection. Industries such as agriculture, construction, logistics, and environmental management are harnessing the benefits of drone services to enhance operational efficiency and reduce costs. The global DaaS market is expected to grow at a compound annual growth rate (CAGR) of around 25% from 2023 to 2030, according to various industry reports.' Active Companies in the drone industries include ZenaTech, Inc. (NASDAQ: ZENA), Draganfly Inc. (NASDAQ: DPRO), Safe Pro Group Inc. (NASDAQ: SPAI), AIRO Group Holdings, Inc. (NASDAQ: AIRO), AgEagle Aerial Systems Inc. (NYSE: UAVS). Verified Market Reports continued: 'An important aspect of the DaaS market is data analytics, which plays a crucial role in transforming raw drone-captured data into actionable insights. By utilizing advanced analytics tools, businesses can make informed decisions based on the data collected through aerial surveys and inspections. This not only enhances productivity but also provides a competitive edge in industries that rely heavily on precise data for planning and execution. The applications of Drone-as-a-Service span multiple industries, showcasing its versatility. In agriculture, drones are used for crop monitoring and precision farming, while in construction, they facilitate site surveys and project management. Additionally, in logistics, drones are increasingly employed for last-mile delivery solutions, reflecting the growing trend towards automated and efficient supply chains. The adoption of DaaS is expected to continue expanding as organizations recognize the value of integrating aerial services into their operations.' ZenaTech (NASDAQ:ZENA) Acquires Cardinal Civil Resources, a Virginia-Based Land Surveying and Engineering Firm Serving Three States and Large Customers Including US Department of Transportation - ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a business technology solution provider specializing in AI-powered drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, today announces the closing of its eighth and largest Drone as a Service acquisition to date. The Company acquired Cardinal Civil Resources, a land surveying and engineering firm headquartered in Williamsburg, Virginia with operations across Virginia, North Carolina and South Carolina. The acquisition deepens ZenaTech's DaaS footprint in the Southeast region and portfolio of marquee major customers including the US Department of Transportation (USDOT). The acquisition also comes at a pivotal time for the domestic drone industry, aligning with the recent policy directive BVLOS (Beyond Visual Line of Sight) proposal introduced by US Transportation Secretary Sean P. Duffy, aimed at expanding the commercial use of unmanned systems nationwide. Founded in 2010 by a land survey and engineering industry veteran, Cardinal Civil Resources has earned a strong reputation for delivering complex survey and mapping projects for USDOT and other federal agencies, and for state agencies, municipalities and prominent city customers. Cardinal's commercial portfolio includes a large national homebuilder as well as custom residential developers, large-scale multi-unit builders, airport hangars, and the US National Park Service, reflecting the breadth of its operations and depth of trusted client relationships. 'This eighth acquisition not only further expands our national footprint, but it connects us to a deeply rooted base of premier long-term government and commercial clients,' said Shaun Passley, Ph.D., ZenaTech CEO. 'Cardinal's trusted relationships, from transportation agencies to nationally recognized homebuilders, provides a solid foundation to scale Drone as a Service in the Southeast. With the proposed BVLOS rule just introduced by the US Transportation Secretary and growing national momentum around domestic infrastructure modernization, we believe ZenaTech's DaaS is well-positioned to lead where innovation meets demand.' Cardinal Civil Resources enhances ZenaTech's DaaS capabilities in the following key areas: Established Southeast Operations and immediate entry into high-growth markets across Virginia, North Carolina, and South Carolina, regions with sustained infrastructure investment and public contracting activity Multi-year Government Contracts with federal, state, and key local municipalities, which provides stable, long-term revenue and deepens the company's expertise in public-sector projects Commercial/Builder Client Base, which spans national homebuilders, residential developers, airport facilities, and park services opens new verticals for scalable Drone as a Service deployment US Transportation Secretary Sean Duffy's August 5 proposed rule to expand Beyond Visual Line of Sight (BVLOS) operations removes the need for case-by-case waivers, replacing them with a streamlined, standardized framework. This change unlocks wider drone use for many government land and road projects. The Company believes the Cardinal acquisition is perfectly timed, leveraging ZenaDrone's advanced drone technology with Cardinal's proven surveying expertise to deliver faster, efficient, safer and more precise results for government projects particularly with larger areas to survey or for remote and inaccessible terrains suited to a BVLOS drone. ZenaTech has now completed eight US acquisitions toward its goal of acquiring and establishing 25 Drone as a Service locations nationwide by mid-next year. The company's DaaS model provides flexible, on-demand access to drone services for surveying, inspections, automation, and more, eliminating the need for customers to invest in drone hardware and software, pilots, maintenance, or regulatory compliance. The company is acquiring land survey engineering companies and other businesses ripe for innovation, to advance its national vision for a scalable, tech-enabled multiservice drone business anchored by existing customers and recurring revenue opportunities. Continued… Read this full release by visiting: Other recent developments in the markets include: Draganfly Inc. (NASDAQ: DPRO), an award-winning, industry-leading developer of drone solutions and systems, proudly participated at the Pentagon's Low-Cost Uncrewed Combat Attack Systems ('LUCAS') at a recent invite-only event. Selected by MMS Products, Inc. ('MMS'), the developer of the Mjolnir Modular Munition System ('Mjolnir'), Draganfly's UAV platforms were showcased with integrated kinetic payload capabilities, demonstrating the future of low-cost, scalable, autonomous lethality for modern conflict. This milestone builds on the Company's 2024 collaboration with MMS' Mjolnir, in which Draganfly was chosen to develop a tactical multi-drop payload system. The Pentagon event provided a national-stage venue for demonstrating this integrated solution to senior U.S. Department of Defense officials and allied partners from across the global defense enterprise. Safe Pro Group Inc. (NASDAQ: SPAI), a leader in artificial intelligence (AI)-powered defense and security solutions recently applauded efforts by the Department of Transportation and Federal Aviation Administration's (FAA) proposed rules for normalizing Beyond Visual Line of Sight (BVLOS) drone operations, eliminating a previously time consuming and burdensome regulatory process. The FAA proposal envisions that drones would have technologies, such as Artificial Intelligence-powered object detection, that enable them to automatically detect and avoid other cooperating aircraft. The Company expects this landmark proposal will expand the use of its AI-powered computer vision and object detection technologies and accelerate the deployment of such AI-powered drone systems for government, public, and private customers. According to the Commercial Drone Alliance, the proposed action to normalize BVLOS operations in the National Airspace System will unlock transformative scaled drone applications across key sectors such as agriculture, energy, public safety, emergency response, infrastructure inspection, and logistics. Prior to the new rules proposal, according to analysis, the drone services market had an estimated value of $8.66 billion in 2025 and was expected to grow at a CAGR of 14.3%, reaching an estimated $32.96 billion by 2035. AIRO Group Holdings, Inc. (NASDAQ: AIRO) recently announced at EAA AirVenture 2025 in Oshkosh, WI, the development of its new middle-mile, medium-lift cargo drone and the expansion of its operations into the YMX Innovation Zone in Mirabel, Quebec. The initiative is led by its Electric Air Mobility segment, Jaunt Air Mobility, and its Canadian subsidiary, Jaunt Air Mobility Canada. Jaunt's presence in this hub for Advanced Air Mobility (AAM) innovation strengthens its collaboration with Vertiko Mobilité, a Canadian leader in AAM operations and ground infrastructure development, and benefits from the support of Aéroports de Montréal (ADM). "We're thrilled to unveil our cargo drone—an innovative solution designed to serve both remote and urban communities," said Martin Peryea, SVP & GM of AIRO's Electric Air Mobility segment and leader of Jaunt. "Our work on the CORRIDAIR Project with our partner Vertiko Mobilité demonstrated the transformative potential of this technology, especially for First Nation communities in rural Quebec, where access to critical medical supplies and fuel is limited. Building on that success, and integrating advanced drone technologies from across AIRO, we believe that we're uniquely positioned to harness the full capabilities of YMX's infrastructure and ecosystem." AgEagle Aerial Systems Inc. (NYSE:UAVS), a leading provider of advanced drone and aerial imaging solutions, recently announced that its Switzerland facility has officially received ISO 9001 certification from third-party auditors following an intensive review of its Quality Management System in June. This prestigious recognition highlights AgEagle's unwavering dedication to quality, safety, and innovation in drone production. 'We are thrilled to receive formal notification of our ISO 9001 certification for our Swiss facility,' said Bill Irby, CEO of AgEagle. 'The ISO 9001 certification validates our rigorous quality processes and positions us to meet the exacting standards of our global customers. This milestone is a proud moment for AgEagle as we continue to deliver trusted, innovative solutions.' About FN Media Group: DISCLAIMER: FN Media Group LLC (FNM), which owns and operates and is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Cision Canada
6 days ago
- Business
- Cision Canada
Drone as a Service Market Disrupting Both Government & Commercial Sectors While Experiencing Exponential Growth
NEW YORK, Aug. 7, 2025 /CNW/ -- The Drone as a Service (DaaS) market, encompassing both government and commercial sectors, is experiencing rapid growth, driven by technological advancements, evolving regulatory frameworks, and increasing demand for efficient and cost-effective aerial solutions across various industries. According to an article published by Verified Market Reports, "The market is characterized by its flexibility and scalability, allowing companies to utilize drone capabilities for specific tasks such as surveying, monitoring, and data collection. Industries such as agriculture, construction, logistics, and environmental management are harnessing the benefits of drone services to enhance operational efficiency and reduce costs. The global DaaS market is expected to grow at a compound annual growth rate (CAGR) of around 25% from 2023 to 2030, according to various industry reports. An important aspect of the DaaS market is data analytics, which plays a crucial role in transforming raw drone-captured data into actionable insights. By utilizing advanced analytics tools, businesses can make informed decisions based on the data collected through aerial surveys and inspections. This not only enhances productivity but also provides a competitive edge in industries that rely heavily on precise data for planning and execution. The applications of Drone-as-a-Service span multiple industries, showcasing its versatility. In agriculture, drones are used for crop monitoring and precision farming, while in construction, they facilitate site surveys and project management. Additionally, in logistics, drones are increasingly employed for last-mile delivery solutions, reflecting the growing trend towards automated and efficient supply chains. The adoption of DaaS is expected to continue expanding as organizations recognize the value of integrating aerial services into their operations." Active Companies in the Drone Industry today include ZenaTech, Inc. (NASDAQ: ZENA), EHang Holdings Limited (NASDAQ: EH), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), Joby Aviation, Inc. (NYSE: JOBY), L3Harris Technologies (NYSE: LHX). The DaaS market is poised for continued strong growth, fueled demand across a widening range of applications. This expansion is driven by technological advancements, favorable regulations, cost-effectiveness, and the need for efficient and scalable aerial solutions in a rapidly evolving technological landscape. Research and Markets added: "This innovative model is not confined to specific industries; it is rapidly permeating virtually every use case, application, and solution across a wide spectrum of sectors. The realm of drones is no exception. We are witnessing "Drones-as-a-Service" (DaaS) gaining significant traction as an outsourced solution for enhancing operational efficiency in numerous industries. A prime example, particularly highlighted by recent global events, is package delivery, which is anticipated to be a key market for drone-based services. This trend is not a fleeting phenomenon. Certain leading industries, such as AgriTech, are poised to become major investment areas for Unmanned Aerial Vehicles (UAVs), commonly known as drones. The integration of the Internet of Things (IoT) in agriculture will increasingly involve a sophisticated interplay of robots, drones, remote sensors, and computer imaging." ZenaTech (NASDAQ:ZENA) Acquires Cardinal Civil Resources, a Virginia-Based Land Surveying and Engineering Firm Serving Three States and Large Customers Including US Department of Transportation - ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a business technology solution provider specializing in AI-powered drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, today announces the closing of its eighth and largest Drone as a Service acquisition to date. The Company acquired Cardinal Civil Resources, a land surveying and engineering firm headquartered in Williamsburg, Virginia with operations across Virginia, North Carolina and South Carolina. The acquisition deepens ZenaTech's DaaS footprint in the Southeast region and portfolio of marquee major customers including the US Department of Transportation (USDOT). The acquisition also comes at a pivotal time for the domestic drone industry, aligning with the recent policy directive BVLOS (Beyond Visual Line of Sight) proposal introduced by US Transportation Secretary Sean P. Duffy, aimed at expanding the commercial use of unmanned systems nationwide. Founded in 2010 by a land survey and engineering industry veteran, Cardinal Civil Resources has earned a strong reputation for delivering complex survey and mapping projects for USDOT and other federal agencies, and for state agencies, municipalities and prominent city customers. Cardinal's commercial portfolio includes a large national homebuilder as well as custom residential developers, large-scale multi-unit builders, airport hangars, and the US National Park Service, reflecting the breadth of its operations and depth of trusted client relationships. "This eighth acquisition not only further expands our national footprint, but it connects us to a deeply rooted base of premier long-term government and commercial clients," said Shaun Passley, Ph.D., ZenaTech CEO. "Cardinal's trusted relationships, from transportation agencies to nationally recognized homebuilders, provides a solid foundation to scale Drone as a Service in the Southeast. With the proposed BVLOS rule just introduced by the US Transportation Secretary and growing national momentum around domestic infrastructure modernization, we believe ZenaTech's DaaS is well-positioned to lead where innovation meets demand." Cardinal Civil Resources enhances ZenaTech's DaaS capabilities in the following key areas: Established Southeast Operations and immediate entry into high-growth markets across Virginia, North Carolina, and South Carolina, regions with sustained infrastructure investment and public contracting activity Multi-year Government Contracts with federal, state, and key local municipalities, which provides stable, long-term revenue and deepens the company's expertise in public-sector projects Commercial/Builder Client Base, which spans national homebuilders, residential developers, airport facilities, and park services opens new verticals for scalable Drone as a Service deployment US Transportation Secretary Sean Duffy's August 5 proposed rule to expand Beyond Visual Line of Sight (BVLOS) operations removes the need for case-by-case waivers, replacing them with a streamlined, standardized framework. This change unlocks wider drone use for many government land and road projects. The Company believes the Cardinal acquisition is perfectly timed, leveraging ZenaDrone's advanced drone technology with Cardinal's proven surveying expertise to deliver faster, efficient, safer and more precise results for government projects particularly with larger areas to survey or for remote and inaccessible terrains suited to a BVLOS drone. ZenaTech has now completed eight US acquisitions toward its goal of acquiring and establishing 25 Drone as a Service locations nationwide by mid-next year. The company's DaaS model provides flexible, on-demand access to drone services for surveying, inspections, automation, and more, eliminating the need for customers to invest in drone hardware and software, pilots, maintenance, or regulatory compliance. The company is acquiring land survey engineering companies and other businesses ripe for innovation, to advance its national vision for a scalable, tech-enabled multiservice drone business anchored by existing customers and recurring revenue opportunities. Continued… Read this full release and additional news for ZENA by visiting: Other developments in the drone/UAV & Military industries include: Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a technology company in Defense, National Security and Global Markets, and hiSky, a leading provider of industrial satellite communications solutions, recently announced a partnership that will enable the delivery of hiSky satellite network services, including Industrial Internet of Things (IoT) as a fully orchestrated capability using Kratos' OpenSpace® dynamic, software-defined ground system. The partnership will allow satellite and other communications network operators to offer IoT connectivity services to their commercial and government customers, taking advantage of the scale, economics and operational benefits of a modern, cloud-enabled network architecture. According to ABI Research, the global IoT market for supply-side software and service revenue will grow in value from US$277 billion in 2024 to US$606 billion by 2030, and that IoT will play an increasing role in all industries. Satellite connectivity can contribute mightily to this growth with its ability to reach remote, mobile, disaster-affected and other unconnected environments. The partnership between Kratos and hiSky will advance this capability by enabling IoT services employing virtual and cloud-native network architectures, thereby reducing costs and greatly increasing scalability and service flexibility. EHang Holdings Limited (NASDAQ: EH), the world's leading urban air mobility ("UAM") technology platform company, recently announced that its VT20 series logistics electric vertical takeoff and landing aircraft ("eVTOL") has successfully completed an intercity round trip cargo delivery flights between Zhuhai and Guangzhou, which is a groundbreaking long-range unmanned aerial vehicle ("UAV") cargo flight route in the Guangdong-Hong Kong-Macao Greater Bay Area ("GBA"). The one-way flight covered a distance of 83 kilometers and lasted approximately 55 minutes, significantly enhancing logistics efficiency between Guangzhou and Zhuhai, saving up to 40 minutes compared to road transport and over an hour during peak congestion. Juan Li, Director of the Zhuhai Wanshan District Administrative Committee, stated, "The low-altitude economy is emerging as a strategic focal point for the next wave of industrial development. Wanshan District is accelerating efforts to build up a national leading demonstration zone for integrated low-altitude applications in island regions. We're building maritime infrastructure, expanding aerial corridors and low-altitude network across the GBA. We're also actively exploring diversified scenarios such as aerial tourism, marine ranching, and unmanned island operations to drive innovation and empower sustainable development in Wanshan." Joby Aviation, Inc. (NYSE: JOBY) and L3Harris Technologies (NYSE: LHX) recently announced they are exploring opportunities to develop a new aircraft class for defense applications. The gas turbine hybrid vertical take-off and landing (VTOL) aircraft is designed for low-altitude missions and offers the versatility of being optionally piloted, enabling both crewed and fully autonomous operations. The collaboration leverages Joby's existing commercial aircraft development program and leading manufacturing capabilities, combined with L3Harris' proven expertise on platform missionization including sensors, effectors, communication and collaborative autonomy. Flight testing is expected to start this fall with the companies planning to perform operational demonstrations during government exercises in 2026. "The next-generation of vertical lift technology enables long-range, crewed-uncrewed teaming for a range of missions," said Jon Rambeau, President, Integrated Mission Systems, L3Harris. "We share a vision with Joby to deliver urgently-required innovation by missionizing VTOL aircraft for defense needs." DISCLAIMER: (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU'S market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and MNU undertakes no obligation to update such statements. Contact Information:
Cision Canada
24-07-2025
- Business
- Cision Canada
Global Military Drone Market Size on a Trajectory Toward $88 Billion as Demand Skyrockets
NEW YORK, /CNW/ -- The global military drone market is experiencing significant growth, fueled by increased defense spending, technological advancements, and evolving national security priorities. The defense and government drone market, driven by rapid technological advancements and evolving strategic needs, presents significant opportunities for companies that can navigate the complex regulatory environment and meet the demand for advanced and reliable unmanned systems. A report from Grandview Research said: "The global military drone market size was estimated at USD 36.14 billion in 2023 and is projected to reach USD 88.01 billion by 2030, growing at a CAGR of 13.8% from 2024 to 2030. North America holds the largest share of this market, primarily due to the significant investments in drone technology by the U.S. defense sector., Fast track contracts and policies." It continued: "The Pentagon's 'Replicator' program, focused on fast-tracking drone production, is estimated to cost around $500 million per year. The Defense Innovation Unit (DIU) launched the Blue UAS program to rapidly vet and integrate commercial unmanned aerial systems (UAS) for the Department of Defense, recognizing the rapid advancements in commercial drone technology. Recent legislative measures, including executive orders like 'Unleashing American Drone Dominance', aim to prioritize American-made UAVs and streamline the procurement process for NDAA-compliant manufacturers. The new 'Cleared List' under the Blue UAS program leverages third-party verification, drastically reducing approval timelines for compliant manufacturers." Active Companies in the Drone Industry today include ZenaTech, Inc. (NASDAQ: ZENA), AgEagle Aerial Systems Inc. (NYSE: UAVS), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), Draganfly Inc. (NASDAQ: DPRO), L3Harris Technologies (NYSE: LHX). Grandview Research continued with Market trends and drivers: "Growing demand for unmanned systems: UAVs offer numerous advantages, including reduced risk to personnel, persistent surveillance, and versatility in various missions. Technological advancements: Integration of AI and machine learning, miniaturization, improved battery life, and drone swarming technology are driving innovation and expanding drone capabilities., Rising geopolitical tensions and defense budgets: Nations are investing heavily in modernizing their defense capabilities, including unmanned aerial systems (UAS), to address evolving security threats. Shift towards smaller, tactical drones: These drones are ideal for short-range missions and provide real-time situational awareness to ground troops." ZenaTech (NASDAQ: ZENA) ZenaDrone Partners with Eagle Point Funding to Win US Defense Customers - ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a business technology solution provider specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, today announces that its subsidiary ZenaDrone has signed a strategic partnership agreement with Eagle Point Funding, a specialized consultancy for technology and defense-focused companies, to help win US defense contracts. By leveraging Eagle Point's deep expertise in R&D grant program opportunities, the company will gain structured support in identifying and preparing competitive proposals, and in establishing and expanding relationships within key US defense and government agencies. "Our collaboration with Eagle Point Funding will accelerate testing, pilot deployments, and enable long-term procurement discussions—helping ZenaDrone to advance as a key provider of American-made drone solutions," said Shaun Passley, Ph.D., ZenaTech CEO. "Their expertise in navigating federal R&D funding programs such as SBIR and Department of Defense solicitations (DoD BAA), gives us a powerful advantage as we develop next-generation drone technologies aligned with US defense priorities. This partnership enhances our ability to accelerate product development, expand defense agency relationships, and unlock new growth without equity dilution." Eagle Point Funding helps technology companies secure non-dilutive federal R&D grants and contracts from agencies such as the DoD, Air Force, Navy, and others. They specialize in programs such as the Small Business Innovation Research (SBIR), Air Force Works (AFWERX), and the Defense Advanced Research Projects Agency (DARPA), guiding clients through the application process to win contracts. ZenaDrone has previously completed paid trials with the US Air Force and Navy Reserve, demonstrating its ability to deliver solutions including delivery of critical supplies such as blood in the field. The companies' suite of drones for military use includes the ZenaDrone 1000, the IQ Nano and the IQ Square drone that are designed for a variety of applications including inspections, surveillance, reconnaissance, and indoor inventory management for warehouses and armories. Continued… Read this full release and additional news for ZENA by visiting: Other developments in the drone/UAV & Military industries include: AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of advanced drone and aerial imaging solutions, recently announced that its eBee VISION is now Blue UAS certified. This designation comes just a week after the Company's eBee TAC received Blue UAS certification. The Blue UAS certification makes the AgEagle drone eligible for procurement by the U.S. Department of Defense (DoD) and other federal agencies and recognizes the drone as compliant with security and performance standards required by the DoD. "This is very welcome news, and we are so proud that now the eBee VISION joins our eBee TAC on the Blue UAS Cleared list for the Department of Defense," said Bill Irby, CEO of AgEagle Aerial Systems. "This is another pivotal achievement for AgEagle and will allow for fast acquisition and delivery of this much-needed capability into the hands of our Defense community to address swiftly evolving battlefield and security scenarios." Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a technology company in Defense, National Security and Global Markets, recently announced the successful demonstration of an end-to-end 5G-NTN network that combines the Kratos OpenSpace® software-defined satellite ground system with Intelsat's space and ground network, including its cloud-native, virtualized 5G core. This event represents a key milestone towards the seamless extension of terrestrial 5G networks with satellite technology, providing critical validation of satellite's role in the delivery of ubiquitous 5G services. The Third Generation Partnership Program (3GPP) incorporated Non-Terrestrial Networks (NTNs) into its 5G specifications with 3GPP Release 17, paving the way for the seamless extension of 5G services beyond terrestrial limits. Both Kratos and Intelsat are leading the market in 5G-NTN adoption; Kratos is working with key industry partners to develop cloud native 5G-NTN solutions for satellite operators, while Intelsat is focused on building a multi-layer, next-generation software-defined network. Draganfly Inc. (NASDAQ: DPRO), an award-winning developer of drone solutions and systems developer, recently announced the sale of Commander 3XL Unmanned Aerial Vehicle (UAV) systems to a globally recognized defense contractor specializing in persistent surveillance technologies for military operations. A trusted partner to U.S. and allied defense forces for decades, the client is one of the world's leading providers of persistent surveillance platforms. Its systems are deployed across key Department of Defense (DoD) and allied installations, delivering reliable, persistent intelligence, surveillance, and reconnaissance (ISR) capabilities. The Commander 3XL's modular payload architecture, extended endurance, and AI-enabled mission control make it an ideal asset for military-grade surveillance programs. The systems will support perimeter security, early warning, and real-time situational awareness, operating seamlessly alongside and integrated with persistent platforms and ground-based command centers. L3Harris Technologies (NYSE: LHX) recently debuted a pack of launched effects vehicles, demonstrating the company's ability to respond to the U.S. Department of Defense's urgent need for advanced, capable and affordable munitions it can employ across services and domains. Red Wolf™ and Green Wolf™ are the first in L3Harris' expanding family of multi-role vehicles that can easily integrate and launch from air, ground or maritime-based platforms. Red Wolf is a kinetic platform for long-range precision strikes, while Green Wolf is an electronic warfare platform equipped with electronic attack and detect, identify, locate and report capabilities. Both vehicles are flexible, modular and feature advanced software for in-flight collaboration and re-targeting. They also support swarming capability of autonomous aircraft. DISCLAIMER: (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU'S market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". 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Business Upturn
22-07-2025
- Business
- Business Upturn
ZenaTech's ZenaDrone Subsidiary Applies for Green UAS Certification for IQ Square Drone to Sell to US Defense and Government
VANCOUVER, British Columbia, July 22, 2025 (GLOBE NEWSWIRE) — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ('ZenaTech'), a business technology solution provider specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, today announces that its subsidiary ZenaDrone has submitted the IQ Square drone for Green UAS (Uncrewed Aircraft System) certification, allowing it to be added to the pre-approved procurement list for US Department of Defense (DoD) and government buyers. The compact and rugged ZenaDrone IQ Square drone is designed for line-of-sight applications, including infrastructure inspections, terrain mapping, surveillance, and reconnaissance in high-risk environments. 'ZenaDrone's IQ Square Green UAS submission marks a critical milestone in our commitment to national security and defense readiness,' said Shaun Passley, Ph.D., ZenaTech CEO. 'This is not just about compliance—it's about positioning our company to meet the highest standards for US government and DoD use. Green UAS is our on-ramp to achieving Blue UAS certification which will open more doors to broader federal adoption and deployment in mission-critical operations. 'Recent policy directives from the White House, the Secretary of Defense, and Congress are creating real momentum—prioritizing US-made and secure NDAA-compliant systems like ours, while unlocking funding and accelerating procurement. The message is clear: the future of drones is American, and we are ready,' Dr. Passley added. Green UAS certification is a compliance and cybersecurity framework developed by AUVSI, the leading trade association for the uncrewed systems industry, in collaboration with the US DoD. It ensures that drones are free of components from foreign adversaries and meet rigorous standards for cybersecurity, data protection, and supply chain integrity. Green UAS certification will be streamlined for faster approvals under recent Executive Orders—paving the way for better alignment with Blue UAS certification benefiting drone makers getting products to market. Drones like the IQ Square offer critical advantages in military and government applications: real-time surveillance, infrastructure monitoring, and remote mission planning in hazardous environments. Advanced imaging tools such as LiDAR and thermal sensors enable early detection of structural vulnerabilities and security threats, while rapid mapping and ISR (intelligence, surveillance, and reconnaissance) functions support logistics and operational command. The ZenaDrone IQ Square is an advanced AI-powered drone designed for land surveys and various types of inspections and reconnaissance missions in defense applications. The drone has a 40 x 40' and 50'x50' VTOL (Vertical Takeoff and Landing) frame with autonomous charging capabilities and delivers 20-25 minutes of flight time. It is equipped to use AI-driven cameras and sensors for mission-ready performance across defense and tactical applications. About ZenaTech ZenaTech (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a business technology solution provider 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, government, and industrial sectors, and drones being implemented in agriculture, defense, logistics and land survey sectors, ZenaTech's portfolio of solutions helps drive exceptional operational efficiencies, precision, and cost savings. The Company operates through offices in North America, Europe, Taiwan, and UAE, and is growing its DaaS business and network in the US. 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, 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 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. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
21-07-2025
- Business
- Yahoo
ZenaTech (ZENA) to Expand its Facilities in Arizona
ZenaTech, Inc. (NASDAQ:ZENA) is one of the . On July 15, ZenaTech, Inc. (NASDAQ:ZENA) announced that it will rapidly expand its facilities in Phoenix, Arizona. As part of this expansion, the company will triple its facility size to manufacture, assemble, and test drones entirely in the US. Management noted that the expansion is driven by recent US government policies. New laws and directives make it easier for American companies to build and sell drones to the military. The government is providing more funding and removing old certification barriers. These changes help companies like ZenaTech, Inc. (NASDAQ:ZENA) produce and deliver drones much faster. ZenaTech, Inc. (NASDAQ:ZENA) specializes in artificial intelligence drones, Drone as a Service, enterprise SaaS, and quantum computing solutions. It develops and sells drone hardware and software used for inspections, surveillance, agriculture, defense, and logistics. While we acknowledge the potential of ZENA as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey.
