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 Letter to Shareholders Dear ZenaTech Shareholders, I want to begin by thanking you for your ong ...

FN Media Group News Commentary PALM BEACH, Fla., March 27, 2025 /PRNewswire/ -- The 'United States Drone Services Market' is witnessing significant growth owing to various driving factors such as technological advancement, regulatory support, cost-effectiveness, etc. Drone applications have increased owing to advancements in drone technology, such as enhanced flight capabilities, extended battery life, better sensors, and AI integration.  A report from Verified Market Research projected that the United Stat ...

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 Southwe ...

Core Insights - ZenaTech, Inc. is developing a drone swarm application through its subsidiary ZenaDrone, focusing on inventory management and security solutions using multiple indoor IQ Nano drones [1][3] - The drone swarm technology aims to enhance efficiency, accuracy, and automation in tasks such as inventory tracking and surveillance, significantly improving operational capabilities compared to single drones [2][4] Company Overview - ZenaTech specializes in AI drone technology, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, targeting mission-critical business applications across various sectors [7] - The company has expanded its drone design and manufacturing capabilities since 2017, serving customers in law enforcement, health, government, and industrial sectors, as well as agriculture, defense, and logistics [7] Product Details - The ZenaDrone IQ Nano is designed for autonomous operations, featuring integrated sensors and high-quality cameras, capable of performing tasks like barcode scanning and security monitoring [6] - The drone weighs 1.5 kg and has a flight time of at least 20 minutes, equipped with obstacle avoidance capabilities and designed for stability during hovering [6] Technology Advantages - Utilizing drone swarms for indoor inventory management allows for rapid scanning of thousands of tags per second, providing real-time visibility and significantly reducing manual stocktaking efforts [4] - In security applications, drone swarms can autonomously patrol large areas, detect threats, and adapt to security breaches, enhancing overall safety and reducing false alarms [5]

FN Media Group News Commentary PALM BEACH, Fla., March 20, 2025 /PRNewswire/ -- The drone industry as a whole has been on a technological improvement spree for a quite long time. The drone industry has witnessed multiple breakthroughs in its uses and operations. The drone market is flooded with companies providing an abundance of drone-related products and services. A report from FactMR said that the global drone The US drone surveying market is expected to witness double-digit market growth in the forecast ...

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 ...

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 produc ...

Core Insights - ZenaTech, Inc. is expanding its subsidiary ZenaDrone's team by hiring 35 new engineers and technicians to enhance drone production capabilities [1][2] - The company is transitioning from prototype development to full-scale manufacturing of its drones, aiming to meet monthly production goals efficiently [2] - ZenaDrone's manufacturing facility in Sharjah, UAE, spans 10,000 square feet and is equipped for various functions including assembly and quality control [3] Company Overview - ZenaTech specializes in AI drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, focusing on mission-critical applications [7] - The company has been operational since 2017 and has developed a portfolio that includes solutions for law enforcement, health, government, and industrial sectors [7] - ZenaDrone, a subsidiary of ZenaTech, focuses on autonomous drone solutions and has expanded its applications from hemp farming to various industrial and defense uses [8] Product Details - The ZenaDrone 1000 is an autonomous multifunction drone designed for military and industrial applications, featuring heavy lift capabilities and advanced software technology [4] - The ZenaDrone IQ Square is an outdoor drone tailored for commercial inspections and reconnaissance, capable of carrying a payload of up to seven kilograms with a flight time of approximately 20 minutes [5] - The ZenaDrone IQ Nano is an indoor drone designed for tasks such as security monitoring and 3D mapping, weighing 1.5 kg and also offering a flight time of up to 20 minutes [6] Market Position - ZenaTech's drones are being implemented across various sectors including agriculture, defense, and logistics, contributing to operational efficiencies and cost savings [7][9] - The company has successfully completed paid trials with the US Air Force and Navy Reserve, showcasing its drones' capabilities in logistics and transportation [4]

Company Overview - ZenaTech, Inc. specializes in AI drone technology, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions [1][7] - The company has been operational since 2017 and has expanded its drone design and manufacturing capabilities through its subsidiary, ZenaDrone [7] Acquisition Announcement - ZenaTech has signed a Letter of Intent (LOI) to acquire a sixth land survey engineering company in Arizona, marking its first acquisition in the Southwest Region [1] - This acquisition aims to enhance regional development and support the company's national DaaS business model [1][2] DaaS Model - DaaS provides drone technology solutions on a subscription or pay-per-use basis, allowing businesses and government customers to access drones without the need for ownership or maintenance [3][4] - The model reduces upfront costs and offers scalability, enabling customers to adjust usage based on their needs [4] Market Potential - The global drone surveying market is projected to exceed USD $8 billion by 2030, with a compound annual growth rate (CAGR) of 15-20% [6] - The demand for drone surveying is driven by industries such as construction, agriculture, and infrastructure development, with land surveys being a significant segment [6][5] Technological Advancements - Drones equipped with sensors, cameras, LiDAR, and GPS are transforming the land survey industry by capturing high-resolution data quickly, significantly reducing the time required compared to traditional methods [5]

Core Insights - ZenaTech is adapting its supply chain strategy for its ZenaDrone subsidiary in response to economic changes and increased tariffs on Chinese imports, focusing on manufacturing in Arizona and sourcing components from Taiwan to mitigate risks and ensure compliance with US defense regulations [1][2][5] Group 1: Supply Chain Strategy - ZenaDrone will continue sourcing and manufacturing drone components in Taiwan to reduce supply chain risks and ensure compliance with the National Defense Authorization Act (NDAA) for US military products [1][5] - The company benefits from the recent increase in tariffs on Chinese drone imports from 10% to 20%, which may disadvantage many US competitors reliant on Chinese components [1][2] - The Spider Vision Sensors office in Taiwan, opened in November 2024, will manufacture various drone components, ensuring a steady supply for ZenaDrone's manufacturing facilities in both the UAE and Arizona [4] Group 2: Competitive Positioning - ZenaTech's CEO highlighted that the current administration's focus on strengthening US manufacturing positions the company favorably to expand operations and create American jobs [2] - By sourcing components from Taiwan, ZenaDrone can avoid supply chain disruptions and take advantage of potential US manufacturing tax breaks, enhancing competitiveness in both government and commercial markets [2][3] - The company aims to leverage Taiwan's technological capabilities to meet increasing defense demand while minimizing operational risks [3] Group 3: Product Development and Compliance - ZenaDrone's focus on in-house manufacturing of sensors and components will help fulfill customer orders efficiently and maintain compliance with US military requirements [4][5] - The company plans to achieve important certifications such as Green UAS and Blue UAS, which ensure cybersecurity and compliance with country of origin regulations for drone products [5] - ZenaDrone's product offerings include multifunctional drones for various applications, including agriculture and defense, showcasing its innovative capabilities in the drone industry [6][7][8]