Trooperstocks
2 days ago
$ZENA NEWS: ZenaTech Closes Second Southeast Region Acquisition, Wallace Surveying Corporation, Set to Become the Third Acquisition to Power Its National Drone as a Service (DaaS) Business
ZenaTech Inc.
Thu, April 3, 2025 at 8:00 AM EDT
In This Article:
ZENA -ZenaTech Inc.
VANCOUVER, British Columbia, April 03, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone, Drone-as-a-Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces that it has closed the acquisition of Wallace Surveying Corporation (“Wallace”) of West Palm Beach, Florida, a well-established land survey company with thirty years of experience. Wallace provides construction and land development surveys delivering accurate and reliable data that supports project planning and design for developers, contractors, engineers, and architect customers.
This is ZenaTech’s second acquisition in the Southeast region as part of a larger national roll-up strategy to disrupt the land survey industry by accelerating the use of drones for speed and accuracy benefits. The acquisition also further powers the Company’s national Drone as a Service, or DaaS, business as the third US acquisition set to provide access to the ZenaDrone 1000 and the IQ series. These multifunction drones are set to provide a variety of services including power line inspections, precision agriculture, law enforcement, and search and rescue for natural disasters such as hurricanes.
“Wallace Surveying Corporation is well respected in the South Florida business community with longstanding existing customer relationships. Its team brings considerable expertise toward our goal of innovating land surveys at scale leveraging advanced drone data collection, data management, mapping and digital deliverables. This acquisition is another step towards our vision to create a national DaaS business, bringing AI drone efficiencies and precision to a variety of legacy verticals and manual tasks,” said CEO Shaun Passley, Ph.D.
ZenaTech’s Drones as a Service or DaaS model is similar to Software as a Service (SaaS), but instead of providing software solutions over the Internet, the company will offer ZenaDrone solutions and services on a subscription or pay-per-use basis. Customers can conveniently access drones for eliminating manual or time-consuming tasks achieving more precision, such as for surveying, inspections, security and law enforcement, or farming precision agriculture applications, without having to buy, operate, or maintain the drones themselves.
The DaaS business model offers customers such as government agencies, real estate developers, construction firms, farmers or energy companies reduced upfront costs as there is no need to purchase expensive drones, as well as convenience, as there is no need to manage maintenance and operation. The model also offers scalability to use more often or less often based on business needs and enables access to advanced drone technology sensors or attachments like spraying, without the need for specialized training.
Accurate land surveys are essential for the planning, designing, and executing of roads, bridges, and building projects for cities, commercial, and residential projects, and are required for legal purposes. Remotely piloted drones with an array of sensors and cameras, LiDAR (Light Detection and Ranging), and GPS systems for capturing high-resolution pictures and data are revolutionizing the land survey industry gathering aerial data across expansive terrains in a matter of hours instead of weeks or months using more traditional photogrammetry methods.
According to Fact.MR, the global drone surveying market is poised for substantial growth and is expected to be worth over USD $8 billion globally by 2030. This market is expanding at a CAGR of 15-20%, driven by increasing demand from industries such as construction, agriculture, and infrastructure development. In particular
About ZenaTech
ZenaTech (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical business applications. Since 2017, the Company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes. With enterprise software customers using branded solutions in law enforcement, health, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech’s portfolio of solutions helps drive exceptional operational efficiencies, accuracy and cost savings. The Company operates through seven global offices in North America, Europe, Taiwan, and UAE, and is growing a DaaS business model and global partner network.
About ZenaDrone
ZenaDrone, a wholly owned subsidiary of ZenaTech, develops and manufactures autonomous business drone solutions that can incorporate machine learning software, AI, predictive modeling, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown to multifunctional drone solutions for industrial surveillance, monitoring, inspection, tracking, process automation and defense applications. Currently, the ZenaDrone 1000 drone is used for crop management applications in agriculture and critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management and security in the warehouse and logistics sectors, and the IQ Square is an indoor/outdoor drone designed for land survey and inspections use in commercial and defense sectors.
Contacts for more information:
Company, Investors and Media:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com
Investors:
Michael Mason
CORE IR
investors@zenatech.com
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.
Trooperstocks
4 days ago
$ZENA NEWS: ZenaTech’s 2024 Financial Results and CEO Letter to Shareholders Shows Revenue and Assets Increase
ZenaTech Inc.
Tue, April 1, 2025 at 11:12 AM EDT
In This Article: ZENA
VANCOUVER, British Columbia, April 01, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces 2024 financial results and presents a letter to shareholders from Chairman and CEO Shaun Passley, Ph.D.
2024 Financial Results
As of December 31, 2024, and consistent with its recent 6K filing, ZenaTech’s 2024 full-year revenue increased by 7% to $1.96 million as compared to $1.82 million for the full year of 2023 (all figures in $Cdn. dollars)
Comprehensive loss for the period was ($4.04 million) versus ($.251 million) last year due to increased one-time costs of listing on Nasdaq Capital Market from lawyers. accountants, auditors, financial advisor (investment banker) and other going public expenses
Assets have increased over 110% to $34.6 million at year-end 2024, up from $16.4 million at year-end 2023. This is due to the company’s acquisition of three patents, and a total of four software companies. In addition, the company has signed multiple Letters of Intent (LOIs) as part of an acquisition strategy that will tremendously increase future revenue
Liabilities continue to be low, having increased $3.7 million to $12.8 million at year-end 2024 from $9.1 million at year-end 2023
The Company’s ratio of debt to total capitalization is 31%, which is well within the accepted standard of less than 50%
ZenaTech’s existing cash and funds available through lines of credit will be sufficient to finance the next 12 months of the company’s operations. We anticipate that cash generated internally, and lines of credit will be sufficient to fund our drone development and acquisitions
Additional information is available from ZenaTech’s 6K filing on the SEC EDGAR website. The company will be filing its 20F by the due date, which is April 30, 2024, for Private Foreign Issuers
Letter to Shareholders
Dear ZenaTech Shareholders,
I want to begin by thanking you for your ongoing support as we continue to grow our business and focus on building sustainable long-term shareholder value.
Since our direct listing on Nasdaq in October of 2024, we have been leveraging our software development expertise and growing our AI drone design and manufacturing capabilities through our subsidiary ZenaDrone to innovate and improve inspections, monitoring, surveys, security, and safety processes for commercial and defense markets. We’ve continued to serve our enterprise SaaS customers via our subsidiary software companies and solutions for law enforcement, health, government, commercial and industrial sectors driving operational efficiencies and cost savings. We’ve announced our Drone as a Service or DaaS business and made good progress in our revenue accretive acquisition strategy. We now operate through seven global offices in North America, Europe, UAE, and most recently Taiwan.
Today, we are recognized as an emerging global brand, poised to offer innovative drone solutions incorporating our ZenaDrone 1000, a mid-sized autonomous drone for commercial and defense applications, and the IQ series of indoor/outdoor drones. We launched the IQ Nano, a unique self-flying indoor drone, currently used for inventory management by reading and processing barcodes in warehouses; we announced a paid trial of this solution currently in progress with a multinational auto parts manufacturer. We’ve made progress in the development of the IQ Square, a larger version than the Nano drone that will be used for land surveys and other outdoor line-of-site inspections. We are now vertically integrated through setting up our Spider Vision Sensors company in Taiwan that will manufacture military-compliant component parts for our drones.
We continue to add to our patent portfolio. Last year we acquired patents from a related party company for a second-generation improved design for the ZenaDrone 1000 enabling longer flight times and more payload capacity and utility patents for an autonomous recharging pad and a multiple accessory securing panel. We are building our reputation for pioneering R&D projects utilizing AI drone swarms or multiple drones, incorporating the use of quantum computing with the launch of our Sky Traffic project for traffic management, weather forecasting, wildfire management and other applications.
We have been strategically expanding our offerings to innovate the drone industry through establishing a DaaS business model. At the same time, we’ve been expanding our footprint in other verticals, entering new markets both geographically and within industries for our drones and software products. I would like to highlight our accomplishments to date, and our strategy, plans, and vision for the future in the following areas:
Services/Solutions/Technology - DaaS
We believe we are the first drone company to launch a DaaS business model with a vision to have a national footprint in the US and globally. DaaS works similarly to Software-as-a-Service (SaaS), but instead of providing software over the internet, DaaS offers packaged drone technology solutions and services on a subscription or pay-per-use basis. Businesses and government customers can conveniently access drones for tasks such as surveying, inspections, security and law enforcement, or precision agriculture solutions or without having to buy, operate or maintain the drones themselves. We believe this strategy to integrate our AI drone hardware, software, and expertise to innovate and improve operations of many traditional business verticals adds the potential for significant revenue in the US and globally. The first step of this strategy is the acquisition of land survey engineering firms giving us a base in various US regions and the opportunity to expand our range of drone services offered.
Acquisition Strategy and Expansion
While we are focused on organic growth, a forward-looking and revenue-accretive acquisition strategy will help our progress and speed in new drone and software markets. We look to acquire established companies with revenue producing software solutions or legacy businesses like land survey services, and an existing client base with a history of licensing renewal or repeat customers. We believe this provides stable revenue and positive cash flow while reducing risk.
We are currently working through negotiations on a pipeline of over 20 acquisitions primarily in the land survey industry where we have already announced eight LOIs and closed on two of these acquisitions to date. This is part of a larger acquisition and roll-up strategy to disrupt the land survey business by accelerating the innovation, speed and precision benefits achieved by using AI drones. We view our strategy analogous to how Uber disrupted the taxi industry. Once we have “feet on the ground” in various regions offering drone-based land surveys to an existing customer base, we see this as the first step towards establishing and expanding our DaaS business model.
Our DaaS model enables governments, farmers, oil and gas companies, environmental firms, etc. to utilize a complete drone solution for a specific application- i.e. land surveying, crop management, inspection, safety, or compliance application, and purchase it on a pay-as-you-go basis rather than having to buy the entire drone hardware and software solution. This business model provides cost-effective access to the enhanced productivity benefits and AI capabilities offered by drone technology to optimize time, improve precision, and eliminate outdated or manual processes.
To date, ZenaTech has announced three completed acquisitions, adding five additional software companies and brands to our collection of enterprise SaaS solutions. We acquired ZooOffice Inc., the holding company for software companies Jadian and DeskFlex, from ZenaTech’s former parent company. These two software companies will provide important compliance and inspection software as well as scheduling and mapping software that will be incorporated into ZenaDrone AI drone solutions. We also acquired Ecker Capital, a related company and holding company for Interactive Systems and InterlinkONE- two companies offering warehouse software management that ZenaDrone plans to incorporate into its IQ Nano inventory management drone solutions. These acquisitions further expand ZenaTech’s portfolio of software and drone solutions as well as customer base and are expected to add to recurring revenue.
Most recently, we finalized the acquisition of a UK workplace scheduling and planning software company, Othership. We see an opportunity to build future applications to increase productivity for multinational companies with large and complex workforces and workplace scheduling challenges when combined with our quantum computing project.
In addition, we are strategically expanding our US footprint creating a strong base in Arizona, which is strategic to our US operations as the base of our subsidiary ZenaDrone, where our second drone manufacturing and production facility will be located and where we intend to build our drone solutions destined for the US military.
UAS Certifications, US Defense and Regulatory Requirements
As a drone company, Unmanned Aerial System (UAS) certifications in multiple jurisdictions where we operate, and FAA (Federal Aviation Authority) approvals are essential requirements for doing business. We received an FAA exception last year to demonstrate, exhibit, and test our drones in the US subject to certain requirements. We also applied for FAA Part 137 certification so we can use our drones for spraying applications for precision agriculture farming and for wildfire management applications in the future.
Our subsidiary ZenaDrone has initiated internal cybersecurity processes and controls for us to apply for Green UAS (Unmanned Aerial System) certification for the IQ Square drone for applications including land surveys, bridge inspections and other infrastructure inspections for use by US Defense agencies. This is an important steppingstone to qualifying for the Blue UAS certification to achieve supplier list status to sell directly to US defense branches.
Our subsidiaries ZenaDrone and Spider Vision Sensors are also collaborating with Taiwan-based certified electronics manufacturer and partner, Suntek Global, to apply for the company’s first Blue UAS certified IQ Nano drone sensor to enable future use by US Defense customers.
Vertical Integration and Compliance for US Government Markets
We established Spider Vision Sensors in Taiwan to ensure ZenaDrone’s products are compliant with the US National Defense Authorization Act (NDAA), an important requirement for the company to win business with the US Military and a growing number of law enforcement and state/municipal governments as well. This division will manufacture and assemble drone sensors, electronics, and components such LiDAR (Light Detection and Ranging), thermal, infrared, multi-spectral and hyper sensors, cameras, and PBCs (Printed Circuit Boards), all in-house. Establishing a drone sensor and components manufacturer in Taiwan will help bring our products to market faster and removes dependencies on any Chinese made electronics that are becoming banned in the US.
Currently, Spider Vision Sensors is expanding its East Asian partnerships as well to sell to customers in the rapidly growing government defense and commercial drone markets in Taiwan, South Korea and Japan.
Personnel Expansion to Meet Demand
To date, we have expanded our team of drone engineers, technicians, and R&D engineers by adding 35 new hires to meet production line and capability requirements for the manufacturing of our ZenaDrone drones. These professionals will bring a wealth of differentiated and relevant skills to contribute to our future success.
In addition, we added and promoted several key team members in the business development, customer support, corporate development, and administration areas of ZenaTech and our subsidiary companies. I believe our longstanding team members will continue to be active and productive contributors in their new roles, helping us leverage growth opportunities in the AI drone and SaaS software marketplaces, and build our business over the coming months and years.
Listing of Common Shares on Foreign Stock Exchanges
We believe that there is a significant opportunity both for the company and potential investors to expand beyond our Nasdaq listing, increasing exposure, liquidity and trading by attracting foreign investors. For that reason, we have listed our shares on additional exchanges strategic to our business and customers in other parts of the world, including the Frankfurt Stock Exchange (FSE) under the symbol “49Q” effective October 31, 2024, and the BMV: Bolsa Mexicana de Valores (Mexican Stock Exchange), effective January 23, 2025,
Again, I am pleased to provide you with this update, and I thank you for your continued investment in ZenaTech. Our entire team is optimistic about the company’s future potential. We thank you for your continued support and look forward to updating you at the conclusion of the first quarter of 2025.
Sincerely,
Shaun Passley, Ph.D.
Chairman and CEO
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 partner network.
Contacts for more information:
Company, Investors and Media:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com
Investors:
Michael Mason
CORE IR
investors@zenatech.com
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.
Trooperstocks
1 week ago
$ZENA News: ZenaTech Signs LOI to Acquire Eighth Land Survey Company Advancing Drone as a Service in a $2.5 Billion US Drone Survey Market by 2033
ZenaTech Inc.
Thu, March 27, 2025 at 8:00 AM EDT
In This Article:
ZENA, ZenaTech Inc.
VANCOUVER, British Columbia, March 27, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces that it has signed an LOI (Letter of Intent) to acquire an eighth land survey engineering company which marks the second LOI located in Arizona. Upon completion, these locations will serve as a launchpad to further Southwest regional development and contribute to the Company’s national DaaS business model intended to bring the speed and precision of ZenaDrone’s AI drone solutions in a convenient subscription or pay-per-use model for businesses and government users.
“Arizona is strategic to our US operations as the base of our subsidiary ZenaDrone where our second drone manufacturing facility will be. Our vision with Drone as a Service is to capture part of the drone survey market that is growing by double-digits and is expected to reach USD $2.5 billion by 2033. We plan to build our national presence offering ZenaDrone products and services for land surveys and many other applications,” said CEO Shaun Passley, Ph.D.
According to Fact.MR, the global drone surveying market is poised for substantial growth and is expected to be worth over USD $8 billion globally by 2033 of which North America is expected to represent 35%. This market is expanding at a CAGR of over 19%, driven by increasing demand from industries such as construction, agriculture, and infrastructure development. Within the drone surveying market, land surveys represent 53%, with significant adoption in real estate, urban planning, environmental applications and infrastructure projects.
Drones as a Service or DaaS works similarly to Software as a Service (SaaS), but instead of providing software over the internet, this business model offers drone technology solutions and services on a subscription or pay-per-use basis. With DaaS, businesses and government customers can conveniently access drones for tasks such as surveying, inspections, security, law enforcement, or precision agriculture solutions without having to buy, operate or maintain the drones themselves.
ZenaTech’s DaaS model offers customers including government agencies, builders and real estate developers, construction firms and farmers reduced upfront costs as there is no need to purchase expensive drones, and convenience as the company manages maintenance and operation. DaaS also offers scalability to companies to use more often or less often based on their needs and enables access to advanced drone technology and applications without the need for specialized training or equipment.
Accurate land surveys are essential for the planning, design, and execution of roads, bridges, and building projects for cities, commercial, and residential projects, and are required for legal purposes. Remotely piloted drones with an array of sensors and cameras, LiDAR (Light Detection and Ranging), and GPS systems for capturing high-resolution pictures and data are revolutionizing the land survey industry gathering aerial data across expansive terrains in a matter of hours instead of weeks or months using more traditional photogrammetry methods.
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 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 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
investors@zenatech.com
Investors:
Michael Mason
CORE IR
investors@zenatech.com
Trooperstocks
2 weeks ago
$ZENA NEWS: ZenaTech’s ZenaDrone Developing Indoor Drone Swarm Application for Inventory Management and Security with Auto Parts Manufacturer Customer
Tue, March 25, 2025 at 7:45 AM EDT
In This Article:
ZENA
ZenaTech Inc.
VANCOUVER, British Columbia, March 25, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, today announces its subsidiary ZenaDrone is developing a drone swarm application using multiple indoor IQ Nano drones for inventory management and security applications. ZenaDrone is conducting this development with its auto parts manufacturer customer where it is currently engaged in a paid trial.
A drone swarm is a coordinated group of autonomous drones that communicate and work together using AI and real-time data sharing, to perform tasks collaboratively without direct human control. Drone swarms can enhance efficiency, accuracy, automation and performance compared to a single drone.
“We are pioneering the development of autonomous drone swarm technology, revolutionizing indoor inventory management and warehouse security by providing real-time, more accurate stock tracking and surveillance with reduced manual processes. We believe this technology will enable warehouses to operate more efficiently, reduce costs, and enhance safety and security while setting a new industry standard for AI drones,” said CEO Shaun Passley, Ph.D.
Using multiple drones or a drone swarm for indoor inventory management—such as reading barcodes or RFID tags—may offer significant advantages in efficiency, accuracy, and scalability. Autonomous drones can rapidly scan thousands of tags per second with high accuracy, providing real-time visibility into inventory without disrupting workflows. This is particularly valuable in large warehouses where manual stocktaking is time-consuming and labor-intensive. A drone swarm can also cover more ground simultaneously, dramatically reducing inventory audit times while providing near-total inventory visibility.
An AI drone swarm for indoor security and surveillance enhances coverage, response time, and efficiency by autonomously patrolling large areas, detecting threats, and providing real-time situational awareness. Unlike stationary cameras or human patrols, drone swarms can dynamically adapt to security breaches, track intruders, and coordinate movements to eliminate blind spots. AI-driven analytics enable them to identify anomalies, recognize faces, and detect unauthorized activity with high precision, reducing false alarms and improving security decision-making. Their autonomous nature minimizes human labor costs while ensuring 24/7 monitoring in complex environments like warehouses, data centers, or commercial facilities.
The ZenaDrone IQ Nano is available in 10x10 and 20x20-inch sizes, designed to perform regular and frequent inspections such as bar code or RFID scanning, facility maintenance inspections, security monitoring, 3D indoor mapping and other applications inside a warehouse, distribution, or plant facility. The IQ Nano is designed for autonomous use featuring integrated sensors, high-quality cameras, data collection and analysis including artificial intelligence methodologies. Weighing 1.5kg and with a flight time of at least 20 minutes before utilizing the automatic battery recharging station, it is designed for hovering stability and safety with obstacle avoidance capabilities.
About ZenaTech
ZenaTech (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical business applications. Since 2017, the Company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes. With enterprise software customers using branded solutions in law enforcement, health, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech’s portfolio of solutions helps drive exceptional operational efficiencies, accuracy and cost savings. The Company operates through seven global offices in North America, Europe, Taiwan, and UAE, and is growing a DaaS business model and global partner network.
About ZenaDrone
ZenaDrone, a wholly owned subsidiary of ZenaTech, develops and manufactures autonomous business drone solutions that can incorporate machine learning software, AI, predictive modeling, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown to multifunctional drone solutions for industrial surveillance, monitoring, inspection, tracking, process automation and defense applications. Currently, the ZenaDrone 1000 drone is used for crop management applications in agriculture and critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management and security in the warehouse and logistics sectors, and the IQ Square is an indoor/outdoor drone designed for land survey and inspections use in commercial and defense sectors.
Contacts for more information:
Company, Investors and Media:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com
Investors:
Michael Mason
CORE IR
investors@zenatech.com
Trooperstocks
2 weeks ago
$ZENA News: ZenaTech Signs Seventh LOI to Acquire a Land Survey Company in Southeast Region Contributing to Drone as a Service Strategy
ZenaTech Inc.
Thu, March 20, 2025 at 8:30 AM EDT 6 min read
In This Article:
ZENA,ZenaTech Inc.
VANCOUVER, British Columbia, March 20, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces that it has signed an LOI (Letter of Intent) to acquire a seventh land survey engineering company located in Florida, marking the fourth LOI in the Southeast region. The company has closed one acquisition in this region to date so upon completion, this would be the second closed acquisition in the Southeast Region. Having two locations in this region will serve as a launchpad to further regional development and ZenaTech’s national DaaS business model bringing the speed and precision of AI drone solutions in a convenient subscription or pay-per-use business model to commercial and government customers.
“Florida is strategic to our Drone as a Service strategy as it offers year-round flying conditions, a favorable innovation environment including consistent state-wide regulations, and existing government drone use for public safety, disaster response, and transportation monitoring. With growing commercial sector interest in agriculture, real estate, construction, and industrial inspection applications, we see multiple growth paths to help customers use drones to drive extraordinary efficiencies,” said CEO Shaun Passley, Ph.D.
ZenaTech’s Drones as a Service or DaaS model is similar to Software as a Service (SaaS), but instead of providing software solutions over the Internet, the company will offer ZenaDrone solutions and services on a subscription or pay-per-use basis. Customers can conveniently access drones for manual or time-consuming tasks achieving more insight and precision, such as for surveying, inspections, security and law enforcement, or precision agriculture applications, without having to buy, operate, or maintain the drones themselves.
The DaaS business model offers customers such as government agencies, real estate developers, construction firms, farmers or energy companies reduced upfront costs as there is no need to purchase expensive drones, as well as convenience, as there is no need to manage maintenance and operation. The model also offers scalability to use more often or less often based on business needs and enables access to advanced drone technology sensors or attachments like spraying, without the need for specialized training.
Accurate land surveys are essential for the planning, designing, and executing roads, bridges, and building projects for cities, commercial, and residential projects, and are required for legal purposes. Remotely piloted drones with an array of sensors and cameras, LiDAR (Light Detection and Ranging), and GPS systems for capturing high-resolution pictures and data are revolutionizing the land survey industry gathering aerial data across expansive terrains in a matter of hours instead of weeks or months using more traditional photogrammetry methods.
According to Fact.MR, the global drone surveying market is poised for substantial growth and is expected to be worth over USD $8 billion globally by 2030. This market is expanding at a CAGR of 15-20%, driven by increasing demand from industries such as construction, agriculture, and infrastructure development.
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 in the warehouse and logistics sectors, and the IQ Square is an indoor/outdoor drone designed for land survey and inspections use in commercial and defense sectors.
Contacts for more information:
Company, Investors and Media:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com
Investors:
Michael Mason
CORE IR
investors@zenatech.com
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.
Trooperstocks
3 weeks ago
$ZENA News: ZenaTech Completes Acquisition of Workplace Scheduling Software Company Othership Limited and Plans to Use Quantum Computing to Increase Productivity for Multinational Corporations
Tue, March 18, 2025 at 9:00 AM EDT
In This Article: ZENA
ZenaTech Inc.
VANCOUVER, British Columbia, March 18, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions announces today that it has closed the acquisition of London-based workplace scheduling software company, Othership Limited. ZenaTech plans to develop quantum computing-driven workplace scheduling solutions intended to increase business productivity including multinational companies with large and complex workforces, workplace scheduling challenges, and large portfolios of office spaces and locations.
“This acquisition is part of a larger strategy to expand our internal expertise developing applications using quantum computing across both AI drone and enterprise SaaS areas where we see growing demand and revenue opportunities. For workforce and workspace management, quantum computing enables processing of vast combinations of variables—from global work and employee demand, skills, workspaces, configuration availability, and regulations— while in parallel, finding optimal scheduling solutions much faster and more efficiently for complex scenarios found in large companies,” said CEO Shaun Passley, Ph.D.
He added, “We plan to invest in building this specialized talent, establishing partnerships with academic and industry leaders, and integrating quantum technologies into our research and development to address specific business challenges.”
Established in 2018 in London, UK, Othership is a workspaces and collaborative workplace software company providing workplace scheduling and management solutions to remote-first businesses and individuals.
According to Market Data Forecast, the global workspace management software market is growing at a compounded annual growth rate (CAGR) of almost 13% per year and could reach near $2 billion by 2032. Growth is being driven by the adoption of hybrid work models, digital transformation, AI, and the need for organizations to optimize their workspace utilization efficiently.
Quantum computing is an emergent field of computer science harnessing the unique qualities of quantum mechanics to solve problems beyond the ability of even today’s most powerful computers, to process massively complicated mathematical problems and data at orders of magnitude faster speeds. Quantum Computing can revolutionize workforce management and workspace scheduling for multinational companies by tackling complex optimization problems with unprecedented efficiency for employee scheduling and allocating resources like workspaces across global operations and predicting future demand through advanced analytics. The overall quantum computing market is growing rapidly, projected to reach over $4 billion by 2030, with a CAGR exceeding 30% according to estimates? including Grand View Research and Metatech Insights.
ZenaTech previously announced its entry into quantum computing with the Sky Traffic project where its subsidiary ZenaDrone will assign teams to work on applications utilizing this technology with AI drones, drone swarms, and enterprise SaaS solutions for applications including traffic management, weather forecasting, and border control and perimeter security defense applications.
About ZenaTech
ZenaTech (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical business applications. Since 2017, the Company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes. With enterprise software customers using branded solutions in law enforcement, health, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech’s portfolio of solutions helps drive exceptional operational efficiencies, accuracy and cost savings. The Company operates through seven global offices in North America, Europe, Taiwan, and UAE, and is growing a DaaS business model and global partner network.
About ZenaDrone
ZenaDrone, a wholly owned subsidiary of ZenaTech, develops and manufactures autonomous business drone solutions that can incorporate machine learning software, AI, predictive modeling, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown to multifunctional drone solutions for industrial surveillance, monitoring, inspection, tracking, process automation and defense applications. Currently, the ZenaDrone 1000 drone is used for crop management applications in agriculture and critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management 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
investors@zenatech.com
Investors:
Michael Mason
CORE IR
investors@zenatech.com
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.
Forward-looking statements are based on certain assumptions and analyses made by the management of ZenaTech in light of its experience and understanding of historical trends and current conditions and other factors management believes are appropriate to consider, which are subject to risks and uncertainties. Although ZenaTech’s management believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and actual results may vary materially from the forward-looking information presented. Given these risks and uncertainties underlying the assumptions made, prospective purchasers of ZenaTech’s securities should not place undue reliance on these forward-looking statements.
Further, any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by applicable law, ZenaTech undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all such factors and to assess in advance the impact of each such factor on ZenaTech’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. Potential investors should read this document with the understanding that ZenaTech’s actual future results may be materially different from what is currently anticipated.
Trooperstocks
3 weeks ago
$ZENA ZenaTech Expands ZenaDrone Team by 35 Engineers and Technicians to Meet Drone Production Manufacturing Capacity
ZenaTech Inc.
Thu, March 13, 2025 at 7:45 AM EDT
In This Article:
ZENA
ZenaTech Inc.
VANCOUVER, British Columbia, March 13, 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, announces today that its subsidiary ZenaDrone is expanding its team of drone engineers, technicians, and R&D engineers by adding 35 new hires to meet production line and capability requirements for the manufacturing of its drone products.
“As we transition from the prototype stages to full-scale production of our drones, we are adding qualified engineering, manufacturing and technical talent to commence and accelerate full-scale manufacturing and assembly. Expanding our production line capacity by adding these resources is a critical step in delivering our drones to market efficiently while meeting our monthly production goals,” said CEO Shaun Passley, Ph.D.
The ZenaDrone 1000 and IQ series of drones will be manufactured in the company’s 10,000-foot manufacturing facility in Sharjah, UAE where prototype and R&D development, drone assembly, flight testing, and quality control functions also take place. ZenaDrone’s engineers include multi-disciplinary area backgrounds including mechanical, avionic, electrical and electronics specializations. Drone technicians have manufacturing or drone industry backgrounds and are specialists in a variety of assembly line production, flight testing, and quality control areas. Of the new team members, 15 have joined the company already and an additional 20 are expected to be onboard over the next one to two months.
The ZenaDrone 1000 is an autonomous multifunction drone offering stable flight, maneuverability, heavy lift capabilities, innovative software technology, sensors, AI, and purpose-built attachments, along with compact and rugged hardware engineered for military and industrial use. The company previously completed two paid trials with the US Air Force and the US Navy Reserve for logistics and transportation applications carrying critical cargo, such as blood, in the field.
The ZenaDrone IQ Square is an outdoor drone designed to be an advanced AI multifunction drone designed for commercial inspections, land surveys and other outdoor applications, and for the defense sector for various inspections and reconnaissance missions. Equipped with state-of-the-art cameras and sensors, the IQ Square offers a flight time of approximately 20 minutes when used with its autonomous recharging pad and can carry a payload of up to seven kilograms. With a footprint of 41X41 inches, the VTOL (Vertical Takeoff and Landing), drone features retractable landing gear for enhanced functionality and adaptability.
The ZenaDrone IQ Nano is an indoor drone and comes in 10x10-inch or 20X20-inch models, designed to perform regular and frequent inspections such as bar code or RFID scanning, facility maintenance inspections, security monitoring, 3D indoor mapping inside a warehouse, distribution, or plant facility. The IQ Nano is designed for autonomous use featuring integrated sensors, high-quality cameras, and data collection and analysis. Weighing 1.5kg and with a flight time of up to 20 minutes before utilizing the automatic battery charging station, it is designed for hovering stability and for safety with obstacle avoidance capabilities.
About ZenaTech
ZenaTech (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical business applications. Since 2017, the Company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes. With enterprise software customers using branded solutions in law enforcement, health, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech’s portfolio of solutions helps drive exceptional operational efficiencies, accuracy and cost savings. The Company operates through seven global offices in North America, Europe, Taiwan, and UAE, and is growing a DaaS business model and global partner network.
About ZenaDrone
ZenaDrone, a wholly owned subsidiary of ZenaTech, develops and manufactures autonomous business drone solutions that can incorporate machine learning software, AI, predictive modeling, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown to multifunctional drone solutions for industrial surveillance, monitoring, inspection, tracking, process automation and defense applications. Currently, the ZenaDrone 1000 drone is used for crop management applications in agriculture and critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management 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
investors@zenatech.com
Investors:
Michael Mason
CORE IR
investors@zenatech.com
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