Trooperstocks
3 days ago
$ZENA News: ZenaTech to Showcase Drone as a Service (DaaS) and AI Drone Innovation for Commercial and Defense Markets at Two Premier Investor Conferences — D. Boral Capital Conference and Ladenburg Technology Innovation Expo25
ZenaTech Inc. Thu, April 17, 2025 at 7:30 AM EDT
In This Article:
ZENA
VANCOUVER, British Columbia, April 17, 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 the company was invited and will participate at two prominent investor conferences next month: the D. Boral Capital Conference and the Ladenburg Thalmann Technology Innovation Expo.
These high-profile investor events bring together a variety of institutional investors to explore cutting-edge technologies and investment opportunities. ZenaTech’s leadership team will present an overview of the company and engage in one-on-one meetings on the latest developments regarding its AI drone solutions for commercial and defense markets and the expansion of its Drones as a Service (DaaS) business model.
Conference Details:
D. Boral Capital Inaugural Global Conference: One of the most prestigious events for emerging growth issuers and institutional investors in the world, it showcases dynamic public and private companies across multiple sectors in an intimate setting. Approximately 75 presenting companies and hundreds of institutional investors are expected to attend.
Date and Venue: May 14, 2025, The Plaza Hotel — 5th Avenue at Central Park South, New York, NY 10019
Ladenburg Thalmann Technology Innovation Expo25: The Expo is a full-day event showcasing approximately 50 AI-driven technology companies through presentations, live demos, and one-on-one meetings. Designed to foster meaningful investor engagement, the conference brings together public company executives, institutional investors, and industry professionals.
Date and Venue: May 21, 2025, Convene — 101 Park Avenue, New York, NY
To book a one-on-one meeting with ZenaTech 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
investors@zenatech.com
Investors:
Michael Mason
CORE IR
investors@zenatech.com
Trooperstocks
5 days ago
$ZENA News: ZenaTech’s ZenaDrone Subsidiary Provides Update on Green UAS Certification for IQ Square Drone for Land Survey, Bridge Inspections, and Other US Defense Applications
ZenaTech Inc.
Tue, April 15, 2025 at 8:45 AM EDT
In This Article:
ZENA
ZenaTech Inc.
VANCOUVER, British Columbia, April 15, 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, provides an update on its subsidiary ZenaDrone’s previously announced plans to obtain the Green UAS (Unmanned Aerial System) certification and announces its intention to submit an application for the IQ Square drone at the beginning of Q3 2025. The IQ Square is designed for applications including land survey, bridge inspections and other infrastructure inspections for use by US Defense agencies. The ZenaDrone team has completed work to ensure drone software security and communications security controls are in place, and is currently finishing work on other cybersecurity practices, standards compliance, and ensuring NDAA (National Defense Administration Act) documentation is in place to obtain this certification.
“The Green UAS certification is an essential component to compete in the commercial and public sector drone space. The certification ensures cybersecurity and supply chain security standards are established and maintained and is among the most important steppingstones toward qualifying for the Blue UAS certification to sell directly to US defense branches,” said CEO Shaun Passley, Ph.D.
In military and defense applications, drones enhance infrastructure inspection by providing rapid, real-time surveillance of critical assets such as bridges, roads, power stations, and military bases, especially in hazardous or remote environments. They improve safety by reducing the need for personnel to operate in dangerous areas, while their advanced imaging technologies, including LiDAR and thermal sensors, enable early detection of structural weaknesses and potential threats. Drones can also map large areas quickly supporting mission planning, logistics, and national security efforts.
The ZenaDrone IQ Square is an advanced AI-powered drone designed for land surveys and for various types of inspections and reconnaissance missions required in defense applications. Equipped with state-of-the-art cameras and sensors, the IQ Square offers a flight time of approximately 20 minutes and can carry a payload of up to 7 kilograms. With a footprint of 41X41 inches, the VTOL (Vertical Takeoff and Landing) drone features retractable landing gear for enhanced functionality and adaptability. It is equipped with the capability to autonomously land on a charging station pad and automatically recharge its batteries.
ZenaDrone previously completed two paid trials using its drone products with the US Air Force and the US Navy Reserve for logistics and transportation applications carrying critical cargo, such as blood, in the field. ZenaTech previously announced that ZenaDrone’s supply chain will be NDAA (National Defense Authorization Act) compliant through manufacturing its component parts and cameras at its Spider Vision Sensors company established in Taiwan, and it plans to manufacture its US DoD-destined drones at ZenaDrone’s manufacturing facility in Arizona.
ZenaDrone is a member of the Association for Uncrewed Vehicle Systems International (AUVSI), an industry organization dedicated to advancing the autonomous drone industry that administers the Green UAS program. The company will exhibit both its IQ Square and ZenaDrone 1000 drones at AUVSI’s annual Exponential Trade Show and Conference in May, a major event for drone companies that wish to sell to the US Military.
Green UAS certification is required for drone companies that wish to sell to government agencies, law enforcement, first responders, and commercial enterprises in the US. Green UAS certification validates corporate cyber hygiene, product security, supply chain risk management, and remote operations security. It also serves as a pathway to Blue UAS certification to enter the US defense market to sell directly to the Department of Defense (DoD) and other defense-related agencies.?
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
1 week ago
$ZENA ZenaTech Closes Miller Land Surveying Corporation, a Third Southeast Acquisition and a Fourth Nationally for the Drone as Service (DaaS) Rollout
ZenaTech Inc.
Thu, April 10, 2025 at 7:45 AM EDT 6 min read
In This Article:
ZENA
+11.00%
ZenaTech Inc.
ZenaTech Inc.
VANCOUVER, British Columbia, April 10, 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 the closing of its acquisition of Miller Land Surveying Corporation (“Miller”) of Lake Worth, Florida, a land survey and mapping company with a 40 year history and deep portfolio of business customers in the Palm Beach County area of South Florida.
This is ZenaTech’s third 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 their speed and accuracy benefits. The acquisition also furthers the Company’s national Drone as a Service, or DaaS, business rollout as the fourth US acquisition.
“Miller Land Surveying brings a wealth of experience and customer relationships as a second-generation company known across Palm Beach County for quality land surveys and mapping. Their pioneering team is well suited to helping us bring drone innovation to premium residential and business land surveys. 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 business verticals and manual tasks,” said CEO Shaun Passley, Ph.D.
ZenaTech’s DaaS business will incorporate the ZenaDrone 1000 and the IQ series of multifunction autonomous drones to provide a variety of service solutions from land surveys to power line inspections or power washing, made accessible and cost effective through an Uber-like business model on a regular subscription or pay-per-use basis. Customers can conveniently access drones for eliminating manual or time-consuming tasks achieving superior results, such as for surveying, inspections, security and law enforcement, or precision farming applications, without having to buy, operate, or maintain the drones themselves.
The 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.
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 -ZenaDrone Expands Domestic Manufacturing for US Commercial Customers and US Defense Without Needing to Increase Prices
ZenaTech Inc.
Tue, April 8, 2025 at 7:30 AM EDT
In This Article:
ZENA
VANCOUVER, British Columbia, April 08, 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 US-based ZenaDrone subsidiary’s expansion plans for “Made in America” manufacturing in light of the recent expanded tariffs announced by the current US Administration. ZenaTech maintains its commitment to domestic manufacturing for US defense drone solutions, including strategic local investments and military-compliant supply chains. ZenaDrone will now move some of its commercial drone production for US commercial customers to Arizona, meaning no need to increase prices for customers to offset tariff costs.
ZenaDrone’s headquarters is in Phoenix, Arizona, which includes sales, administration, research and development, and aerial testing operations. The company plans to expand its manufacturing capabilities over the next two months to produce drones for US commercial customers in addition to planned production for the US military. This expansion will include up to 2,000 additional square feet of production space. This will be the second global manufacturing facility; the company currently has development and production facilities for the ZenaDrone 1000 and IQ series of drones at its 10,000-square-foot facility in Sharjah, UAE.
In response to the evolving trade landscape, ZenaTech also expects that the expansion of its Phoenix-based manufacturing facility will bring over 150 new jobs to the region by the end of 2026.
“While tariffs can be challenging, they also reveal which companies are truly agile. ZenaTech has always been long-term in our thinking; engaging in smart resource management and supply chains and prepared to navigate global shifts,” said CEO Shaun Passley, Ph.D. “With increased US bans on Chinese drones and components and local incentives for domestic production, we are well-positioned to expand our manufacturing in Arizona, also creating more high-quality American jobs,” added Mr. Passley.
ZenaDrone previously completed two paid trials using its drone products with the US Air Force and the US Navy Reserve for logistics and transportation applications carrying critical cargo, such as blood, in the field. ZenaTech previously announced that ZenaDrone’s supply chain will be NDAA (National Defense Authorization Act) compliant by manufacturing its parts and cameras at its Spider Vision Sensors company established in Taiwan.
The company has initiated cybersecurity and internal controls planning in preparation to apply for the Green UAS (Uncrewed Aerial Systems) certification, a requirement for drone companies that want to sell to government agencies, law enforcement, first responders, and many commercial enterprises. This certification serves as a pathway to the more stringent Blue UAS certification, which the company intends to apply for next, to enter the US defense market enabling direct sales to the Department of Defense and other defense-related agencies.
The global military drone market was estimated to be a US $14 billion industry in 2023, which includes the $5 billion US market and is expected to grow to $47 billion globally by 2032 according to Fortune Business Insights research. The Intelligence, Surveillance, Reconnaissance, and Targeting (ISRT) segment is the largest segment for military drones, used to collect crucial information and data in a targeted territory. The logistics and transportation sector is the second largest segment. ZenaDrone is targeting all these segments using its multifunction AI drones.
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
2 weeks 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
3 weeks 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.
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