Latest news with #ZenaTech
Time of India
a day ago
- Business
- Time of India
US stock market today: Dow, S&P 500, Nasdaq rise after Trump-Xi call sparks trade optimism — but investors urged to stay cautious amid jobs data, Tesla and Apple in focus
S&P 500 : Up 0.26% to 5,986.35 : Up 0.26% to 5,986.35 Dow Jones Industrial Average : Increased by 0.15% to 42,489.50 : Increased by 0.15% to 42,489.50 Nasdaq Composite: Gained 0.35% to 19,528.70 Did the Trump-Xi phone call help calm US-China trade worries? Live Events Top Gainers Company Name Ticker Price (USD) % Change Ryvyl Inc RVYL 0.76 +98.91% ZenaTech, Inc. ZENA 6.08 +91.19% ModivCare Inc MODV 3.69 +59.52% Planet Labs PBC PL 6.25 +56.64% Babcock & Wilcox Ent. BW 1.22 +50.20% Top Losers Company Name Ticker Price (USD) % Change Helius Medical Tech. HSDT 1.01 -69.11% Ctrl Group Limited MCTR 7.90 -48.70% Cibus, Inc. CBUS 1.69 -28.60% BARK, Inc. BARK 0.98 -27.21% Mullen Automotive, Inc. MULN 12.30 -23.60% What economic data is worrying Wall Street now? How is the labor market reacting to shifting trade policy? Apple Inc (AAPL) : $203.26 (+0.22%) : $203.26 (+0.22%) Microsoft Corporation (MSFT) : $466.79 (+0.63%) : $466.79 (+0.63%) Alphabet Inc (GOOGL) : $169.74 (+1.00%) : $169.74 (+1.00%) Inc. (AMZN) : $211.54 (+2.08%) : $211.54 (+2.08%) Tesla Inc (TSLA) : $319.38 (-3.82%) : $319.38 (-3.82%) NVIDIA Corp (NVDA) : $142.55 (+0.44%) : $142.55 (+0.44%) Meta Platforms Inc (META) : $691.08 (+0.45%) : $691.08 (+0.45%) JPMorgan Chase & Co. (JPM) : $262.59 (-0.62%) : $262.59 (-0.62%) Bank Of America Corp. (BAC) : $44.44 (+0.17%) : $44.44 (+0.17%) Walmart Inc (WMT): $98.13 (-1.23%) Are corporate earnings giving investors any comfort? What does this mean for investors heading into Friday? FAQs: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel US stock market today stayed mostly flat on Thursday, June 5, as investors tried to make sense of a new development in the ongoing US-China trade situation. After a recent four-day winning streak, the Dow Jones Industrial Average (^DJI) dipped 0.1%. The S&P 500 (^GSPC) also edged down by 0.1%, and the tech-heavy Nasdaq Composite (^IXIC) hovered near movement came after news broke that President Donald Trump spoke with Chinese President Xi Jinping — a conversation initiated at Trump's request. The phone call, reported by Chinese state media, comes amid rising trade tension despite a truce agreed to in Geneva just weeks gains were tempered by investor caution ahead of the upcoming U.S. jobs report, which is expected to show a slowdown in were closely watching whether this conversation could ease tensions in the ongoing trade war. Wall Street has seen this before: tough rhetoric from the White House often gives way to softer positions, a pattern traders call the 'TACO' trade — short for 'Trump Always Chickens Out.'While optimism briefly lifted stocks earlier in the day, gains were lost after the call's details failed to provide clarity on the next steps in trade negotiations. Instead of calming nerves, the market seemed uncertain about whether the relationship is improving or headed toward more companies experienced significant price increases, with Ryvyl Inc leading the gains at nearly 99% .Helius Medical Technologies faced the steepest decline, dropping over 69% .The US stock market today also reacted to disappointing economic data. The Department of Labor reported that jobless claims reached their highest point in eight months. In the final full week of May, more Americans filed for unemployment benefits, raising fresh concerns about the labor market's claims, a measure of long-term unemployment, remain near a four-year high. This trend suggests that even those who lost jobs earlier are struggling to find new work. It's another sign that the US economy could be starting to feel the impact of Trump's shifting trade spotlight is now on Friday's release of the May jobs report — a key indicator of how the labor market is handling rising uncertainty from the evolving US-China trade relationship. Economists believe this report will give the first meaningful insight into whether hiring is slowing as businesses brace for potential tariffs and supply chain disruptions.A weak report could fuel fears of an economic slowdown and put pressure on the Federal Reserve to cut interest rates sooner than the earnings front, Wall Street awaits quarterly results from Lululemon (LULU) and Broadcom (AVGO), both scheduled to report later Thursday. Their performances could offer a hint of how different sectors are managing consumer demand and global supply earnings season winding down, most major companies have already shared their financials. Investors are now shifting their focus to forward-looking guidance, particularly around global demand, costs, and how trade uncertainty could affect second-half now, the US stock market today remains stuck in a holding pattern. Traders are balancing a complex mix of weak economic indicators, unpredictable trade diplomacy, and the hope that Friday's jobs report doesn't deliver more bad more clarity emerges — either from Washington or Beijing — it's likely that markets will continue to drift without strong direction. Investors are advised to remain cautious, closely monitor trade headlines, and watch key indicators like employment and consumer spending for further US stock market stayed flat due to uncertainty after a Trump-Xi phone call and weak job claims rose sharply, hitting an 8-month high, which signaled a possible economic slowdown.
Economic Times
a day ago
- Business
- Economic Times
US stock market today: Dow, S&P 500, Nasdaq rise after Trump-Xi call sparks trade optimism — but investors urged to stay cautious amid jobs data, Tesla and Apple in focus
S&P 500 : Up 0.26% to 5,986.35 : Up 0.26% to 5,986.35 Dow Jones Industrial Average : Increased by 0.15% to 42,489.50 : Increased by 0.15% to 42,489.50 Nasdaq Composite: Gained 0.35% to 19,528.70 Did the Trump-Xi phone call help calm US-China trade worries? Live Events Top Gainers Company Name Ticker Price (USD) % Change Ryvyl Inc RVYL 0.76 +98.91% ZenaTech, Inc. ZENA 6.08 +91.19% ModivCare Inc MODV 3.69 +59.52% Planet Labs PBC PL 6.25 +56.64% Babcock & Wilcox Ent. BW 1.22 +50.20% Top Losers Company Name Ticker Price (USD) % Change Helius Medical Tech. HSDT 1.01 -69.11% Ctrl Group Limited MCTR 7.90 -48.70% Cibus, Inc. CBUS 1.69 -28.60% BARK, Inc. BARK 0.98 -27.21% Mullen Automotive, Inc. MULN 12.30 -23.60% What economic data is worrying Wall Street now? How is the labor market reacting to shifting trade policy? Apple Inc (AAPL) : $203.26 (+0.22%) : $203.26 (+0.22%) Microsoft Corporation (MSFT) : $466.79 (+0.63%) : $466.79 (+0.63%) Alphabet Inc (GOOGL) : $169.74 (+1.00%) : $169.74 (+1.00%) Inc. (AMZN) : $211.54 (+2.08%) : $211.54 (+2.08%) Tesla Inc (TSLA) : $319.38 (-3.82%) : $319.38 (-3.82%) NVIDIA Corp (NVDA) : $142.55 (+0.44%) : $142.55 (+0.44%) Meta Platforms Inc (META) : $691.08 (+0.45%) : $691.08 (+0.45%) JPMorgan Chase & Co. (JPM) : $262.59 (-0.62%) : $262.59 (-0.62%) Bank Of America Corp. (BAC) : $44.44 (+0.17%) : $44.44 (+0.17%) Walmart Inc (WMT): $98.13 (-1.23%) Are corporate earnings giving investors any comfort? What does this mean for investors heading into Friday? FAQs: (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel US stock market today stayed mostly flat on Thursday, June 5, as investors tried to make sense of a new development in the ongoing US-China trade situation. After a recent four-day winning streak, the Dow Jones Industrial Average (^DJI) dipped 0.1%. The S&P 500 (^GSPC) also edged down by 0.1%, and the tech-heavy Nasdaq Composite (^IXIC) hovered near movement came after news broke that President Donald Trump spoke with Chinese President Xi Jinping — a conversation initiated at Trump's request. The phone call, reported by Chinese state media, comes amid rising trade tension despite a truce agreed to in Geneva just weeks gains were tempered by investor caution ahead of the upcoming U.S. jobs report, which is expected to show a slowdown in were closely watching whether this conversation could ease tensions in the ongoing trade war. Wall Street has seen this before: tough rhetoric from the White House often gives way to softer positions, a pattern traders call the 'TACO' trade — short for 'Trump Always Chickens Out.'While optimism briefly lifted stocks earlier in the day, gains were lost after the call's details failed to provide clarity on the next steps in trade negotiations. Instead of calming nerves, the market seemed uncertain about whether the relationship is improving or headed toward more companies experienced significant price increases, with Ryvyl Inc leading the gains at nearly 99% .Helius Medical Technologies faced the steepest decline, dropping over 69% .The US stock market today also reacted to disappointing economic data. The Department of Labor reported that jobless claims reached their highest point in eight months. In the final full week of May, more Americans filed for unemployment benefits, raising fresh concerns about the labor market's claims, a measure of long-term unemployment, remain near a four-year high. This trend suggests that even those who lost jobs earlier are struggling to find new work. It's another sign that the US economy could be starting to feel the impact of Trump's shifting trade spotlight is now on Friday's release of the May jobs report — a key indicator of how the labor market is handling rising uncertainty from the evolving US-China trade relationship. Economists believe this report will give the first meaningful insight into whether hiring is slowing as businesses brace for potential tariffs and supply chain disruptions.A weak report could fuel fears of an economic slowdown and put pressure on the Federal Reserve to cut interest rates sooner than the earnings front, Wall Street awaits quarterly results from Lululemon (LULU) and Broadcom (AVGO), both scheduled to report later Thursday. Their performances could offer a hint of how different sectors are managing consumer demand and global supply earnings season winding down, most major companies have already shared their financials. Investors are now shifting their focus to forward-looking guidance, particularly around global demand, costs, and how trade uncertainty could affect second-half now, the US stock market today remains stuck in a holding pattern. Traders are balancing a complex mix of weak economic indicators, unpredictable trade diplomacy, and the hope that Friday's jobs report doesn't deliver more bad more clarity emerges — either from Washington or Beijing — it's likely that markets will continue to drift without strong direction. Investors are advised to remain cautious, closely monitor trade headlines, and watch key indicators like employment and consumer spending for further US stock market stayed flat due to uncertainty after a Trump-Xi phone call and weak job claims rose sharply, hitting an 8-month high, which signaled a possible economic slowdown.
Cision Canada
a day ago
- Business
- Cision Canada
Tactical Drones with Intelligence, Surveillance, and Reconnaissance Applications Drastically Improving Operations
PALM BEACH, Fla., June 5, 2025 /CNW/ -- FN Media Group News Commentary - According to a report from industry insiders says that the global military drone market is projected to reach $56.69 billion by 2033, growing from $24.25 billion in 2025, with a CAGR of 11.20%. This growth is driven by increased global security concerns, military modernization, and advancements in unmanned systems. Tactical drones and Intelligence, Surveillance, and Reconnaissance (ISR) applications are significant market drivers, with North America being a major player. The report said: "Based on Type, the market is segmented into Fixed Wing, Rotary Wing, And Hybrid. The Fixed Wing segment accounted for the largest market stake in the global Military Drone Market. This can be attributed to several key factors. Fixed-wing drones offer longer endurance and extended operational ranges than their rotary-wing counterparts, making them well-suited for long-range reconnaissance, surveillance, and target acquisition. Their aerodynamic design allows for efficient flight, enabling them to cover larger areas and stay aloft for extended periods, enhancing their utility in complex and strategic military operations. Based on Range, the Market is segmented into Visual Line of Sight, Extended Visual Line of Sight, and Beyond Line of Sight. The extended Visual Line of Sight segment accounted for the largest market stake in the global Military Drone Market due to its pivotal role in addressing operational challenges. EVLOS operations allow drone operators to maintain control and monitor the drone's flight beyond the pilot's direct line of sight, essential for covering larger areas and conducting missions in complex, geographically diverse environments. This capability is crucial for military applications such as long-range reconnaissance, border surveillance, and monitoring inaccessible or hazardous areas." Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), RTX Corporation (NYSE: RTX), AgEagle Aerial Systems Inc. (NYSE: UAVS), Lockheed Martin (NYSE: LMT), Teledyne Technologies Incorporated (NYSE: TDY). Verified Market Research continued: "Based on Technology, the Market is segmented into Remotely operated, Semi-autonomous, and Autonomous. The remotely operated technology segment accounted for the largest market share in the global Military Drone Market due to its fundamental role in enabling precise control and flexibility during missions. Remotely operated drones allow operators to manage and manipulate the aircraft's functions remotely, ensuring real-time responsiveness to dynamic situations on the battlefield. This Technology permits intricate maneuvers, accurate target acquisition, and the ability to adapt to changing scenarios without endangering human pilots. Remotely operated drones also provide a safer option for combat or reconnaissance missions in hazardous environments. Based on Application, the market is segmented into Intelligence, Surveillance, Reconnaissance, Target Acquisition, Combat Operations, Delivery and Transportation, and Others. Intelligence, Surveillance, Reconnaissance, and Target Acquisition application accounted for the most prominent global Military Drone Market share due to their critical role in enhancing military operational capabilities. Military Drone equipped for ISR & TA are adept at gathering real-time intelligence, conducting surveillance over vast areas, and pinpointing targets precisely. These capabilities offer strategic advantages in modern warfare, enabling timely and informed decision-making for tactical maneuvers and mission planning." ZenaTech (NASDAQ: ZENA) Launches Drone as a Service (DaaS) for US Defense and Government Agencies with New Partnerships - ZenaTech, Inc. (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 the launch of Drone as a Service specifically for US Defense and Government agencies, and two new partnerships with consulting and government relations firms to assist in selling these services. ZenaTech's ZenaDrone subsidiary has retained the services of Bromelkamp Government Relations and Winning Strategies Washington to provide Congressional lobbying and defense business development consulting services. Bromelkamp is a defense-focused business development consulting firm to small and medium technology companies that are growing their business with the US Department of Defense and other security-related federal agencies. Winning Strategies is an independent bipartisan federal government relations and grants procurement firm. "These partnerships will be instrumental in building relationships with the various agencies as we launch our DaaS service and expand our sales efforts in this sector," said Shaun Passley, Ph.D., CEO of ZenaTech. "Bromelkamp and Winning Strategies have decades of defense industry experience and understand the complexities and culture of the military. As defense priorities shift toward autonomy, resilience, and secure supply chains, ZenaTech is uniquely positioned to deliver scalable, mission-ready drone solutions that align with the US military and the defense industry. Our Drone as a Service model is designed to accelerate adoption, lower barriers, and support operational agility," With a growing demand for advanced drone solutions in security, logistics and tactical operations, the DaaS model allows defense customers to deploy mission-specific drone solutions without the need for capital equipment purchases. To accelerate market entry, ZenaTech has onboarded two seasoned military consultants to lead business developments, identify pilot programs, and secure funding partnerships within the defense sector. The ZenaDrone 1000 is an autonomous, military grade aerial solutions built for multi-mission flexibility, featuring a patented foldable-wing design, 40 kg payload capacity, and 1 hour flight time. Its onboard AI, thermal imaging, LiDAR, and multi spectral sensors enable real-time ISR (intelligence, surveillance, and reconnaissance), border patrol, and base surveillance with minimal operator input. The modular cone enables fast swapping of mission-specific payloads- like HD Cameras and sensors, making it ideal for tactical resupply, SAR (search and rescue), infrastructure inspection, and operations in high-risk restricted environments. Rugged, AI-powered and rapidly deployable, the ZenaDrone 1000 enhances situational awareness and operational reach for defense forces. The ZenaDrone IQ Nano and IQ Square are compact, high-performance drone solutions engineered for intelligence, surveillance, and reconnaissance (ISR), indoor security, and tactical inspection in complex military environments, The IQ Nano, excels in GOS-denied environments like military warehouses or confined infrastructure, offering obstacle avoidance, and precise maneuverability. The IQ Square, with extended flight time and payload options, supports ISR, CBRN monitoring and perimeter patrols. Lightweight and field-ready, both drones deliver rapid situational awareness for mission-critical deployments. ZenaTech is actively pursuing Green UAS and Blue UAS certifications to meet stringent federal standards. With recent restrictions on Chinese-made drones in military and government operations, these certifications are mandatory for vendors aiming to participate in DoD and allied agency contracts. ZenaTech's compliant drone solutions open access to high-value defense contracts and align with increasing demand for secure aerial solutions. The DaaS business model offers customers reduced upfront costs and convenience ─ there is no need to purchase drone hardware and software, find a drone pilot, manage maintenance and operation, or acquire regulatory approvals. The model also offers scalability to use more often or less often based on business needs. Continued… Read this full release by visiting: Other recent developments in the markets include: Raytheon, an RTX Corporation (NYSE: RTX) business, was recently awarded a $1.1 billion contract from the U.S. Navy to produce AIM-9X Block II missiles. This is the largest contract awarded for the program and will increase production to 2,500 missiles per year. "This award represents a historic milestone for the AIM-9X program, further emphasizing its importance to the U.S. and partnered nations," said Barbara Borgonovi, president of Naval Power at Raytheon. "Through our partnership with the U.S. Navy, we are well-positioned to support this increased demand." AIM-9X is the most advanced infrared-tracking, short-range, air-to-air and surface-to-air missile that is combat proven in several theaters around the world. It is configured for easy installation on a wide range of modern aircraft and provides proven layered defense with ground-launched capabilities, including the National Advanced Surface-to-Air Missile System, or NASAMS. AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of advanced drone and aerial imaging solutions, recently announced the sale of two eBee VISION drones to the Government of Paraguay, marking a pivotal expansion of AgEagle's presence in Latin America and reinforcing its growing role in global government UAS deployments. AgEagle Aerial CEO Bill Irby commented, "This transaction reinforces the trust that global government agencies are placing in our technology and reflects AgEagle's broader strategy to expand into high-demand international markets," said AgEagle Aerial CEO Bill Irby. "It also highlights our expanding role in delivering advanced unmanned aerial systems (UAS) to public-sector organizations worldwide. We remain committed to empowering military, law enforcement, and civilian authorities with tools that enhance operational efficiency and informed decision-making. As global adoption of UAS solutions accelerates we remain focused on scaling our impact, deepening customer relationships, and delivering long-term value creation through innovation and strategic expansion." Lockheed Martin (NYSE: LMT) recently said that it is pioneering a competitive environment designed to accelerate the testing and operational deployment of artificial intelligence to support warfighters in their missions. Lockheed Martin's AI Fight Club™ is a comprehensive testing ground to simulate how AI systems perform in air, land, sea, and space domains. "There has never been a more important time to prove which implementations of AI technologies are the best, to help the United States stay ahead of the threats facing our nation and allies," said John Clark, Lockheed Martin's senior vice president of Technology and Strategic Innovation. "AI Fight Club uses advanced simulation and visualization to evaluate AI in realistic and complex scenarios that mimic the challenges of modern warfare. Teams with the best AI will battle each other to determine the most robust, reliable and effective models." Teledyne FLIR OEM, part of Teledyne Technologies Incorporated (NYSE: TDY), recently announced Dragoon is using the Prism™ Supervisor and Prism SKR software for its AI-driven object detection, tracking, real-time autonomy flight control, and mission planning capabilities within its long-range unmanned platform prototypes under Project Artemis, a Defense Innovation Unit (DIU) initiative. Project Artemis is a program designed to evaluate and deploy long-range loitering munitions capable of operating in highly contested electromagnetic environments and in large numbers. Dragoon is one of four organizations within Project Artemis tasked to demonstrate low-cost, adaptable, long-range, unmanned aerial systems (UAS) platforms with the potential to maximize operational flexibility. 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.
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.
