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ZenaTech's Taiwan Subsidiary Developing Partnerships in East Asia to Sell to the Fast-Growing Defense and Commercial Drone Markets
GlobeNewswire News Room· 2025-03-04 13:00
Company Overview - ZenaTech, Inc. specializes in AI drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions [1][7] - The company operates globally with offices in North America, Europe, Taiwan, and UAE, focusing on mission-critical business applications [7] Expansion Plans - ZenaTech's Taiwan subsidiary, Spider Vision Sensors, is expanding partnerships in East Asia to target government defense and commercial drone markets [1][2] - The company is hiring additional business development managers and engineers to support its growth in the region [1] Market Growth - The Asia-Pacific military drone market is projected to grow at a compound annual growth rate (CAGR) of 13.15% from 2024 to 2032, driven by increased defense spending and the need for surveillance and security [3] - Japan's commercial drone market is expected to grow from $3 billion in 2024 to nearly $7 billion by 2030, reflecting a CAGR of 15.2% [3] - Malaysia's commercial drone market is anticipated to rise from almost $5 billion in 2025 to $13 billion by 2030, representing a CAGR of 21.42% [3] Manufacturing and Compliance - The Spider Vision Sensors office in Taiwan manufactures drone cameras, sensors, and components, ensuring a steady supply for ZenaDrone's production needs [4] - The selection of Taiwan as a manufacturing hub is due to its electronics expertise and cost-effective components compared to China [5] - ZenaTech aims to comply with the US National Defense Authorization Act (NDAA) and obtain necessary certifications for cybersecurity and country of origin compliance [5] Product Applications - ZenaDrone's products are utilized in various sectors, including agriculture, defense, and logistics, with specific models designed for crop management and critical cargo applications [9]
ZenaTech, Inc.(ZENA) - 2024 Q4 - Annual Report
2025-02-27 13:51
INFORMATION CIRCULAR FOR THE ANNUAL GENERAL AND SPECIAL MEETING OF THE SHAREHOLDERS OF ZENATECH, INC. TO BE HELD ON March 17, 2025 Dated as of: February 5, 2025 NOTICE OF ANNUAL GENERAL AND SPECIAL MEETING OF SHAREHOLDERS NOTICE IS HEREBY GIVEN that an Annual General and Special Meeting of the shareholders (the "Meeting") of ZenaTech, Inc. (the "Company" or "ZenaTech") will be held at the Regus offices at First Canadian Place, 100 King Street West, Suite 5600, Toronto, Ontario on March 17, 2025 at 10:00 a.m ...
ZenaTech's ZenaDrone Advances IQ Square Drone to Manufacturing Stage for Outdoor Applications Including Inspections, Surveys, and the Fast-Growth Power Washing Sector
GlobeNewswire News Room· 2025-02-27 13:00
Core Insights - ZenaTech's subsidiary ZenaDrone has transitioned its IQ Square multifunction drones from prototype to manufacturing, targeting outdoor applications for inspections and surveys [1][2] - The IQ Square is expected to play a crucial role in ZenaDrone's Drone as a Service (DaaS) model, allowing businesses and government users to access drone services conveniently [1][6] Company Developments - The IQ Square drone is designed for various applications, including building inspections and power washing, and is equipped with a power wash system for large-scale cleaning jobs [3][7] - The manufacturing process for the first batch of IQ Square drones is underway at ZenaTech's production facility in Sharjah, UAE, involving integration and quality inspection of various systems [4] - ZenaDrone is preparing to apply for Green UAS certification, which is essential for selling drones to the US Department of Defense [8] Market Potential - The global market for drone cleaning services is projected to reach approximately $53.89 billion by 2030, with a compound annual growth rate (CAGR) of 19.3% [5] - ZenaTech's DaaS model allows various sectors, including government and agriculture, to access drone solutions without the need for purchasing hardware [6] Product Specifications - The IQ Square drone features a flight time of about 20 minutes, a payload capacity of up to seven kilograms, and is designed for both indoor and outdoor use [7] - The drone's dimensions are 41X41 inches, and it includes retractable landing gear for enhanced functionality [7] Company Overview - ZenaTech specializes in AI drones, DaaS, enterprise SaaS, and Quantum Computing solutions, aiming to improve operational efficiencies across various sectors [9][10] - The company operates globally with offices in North America, Europe, Taiwan, and the UAE, and is expanding its DaaS business model [10]
ZenaTech’s ZenaDrone Finalizes its Third Generation Design and “Production Model” of the ZenaDrone 1000 for US Defense and Commercial Markets
GlobeNewswire· 2025-02-25 13:00
Company Overview - ZenaTech, Inc. specializes in AI drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, with a focus on mission-critical business applications [9] - The company operates globally with seven offices in North America, Europe, Taiwan, and UAE, and is expanding its DaaS business model and partner network [9] Product Development - ZenaDrone has finalized the third generation design of the ZenaDrone 1000 multifunction drone, which will serve as the production model for scaling up production [1][2] - The ZenaDrone 1000 features a powerful 100-volt propulsion system and a carbon fiber body, enhancing flight times, speed, and lift capabilities for defense and commercial markets [2][3] - The drone is designed for stable flight and heavy lift capabilities, currently able to carry up to 40 kilograms, and incorporates advanced software technology and AI [6] Market Potential - The global military drone market is projected to grow from an estimated US $14 billion in 2023 to US $47 billion by 2032 [4] - Medium-sized drones like the ZenaDrone 1000 are essential for military applications, requiring speed, power, and heavy-lift capabilities for effective field support [5] Manufacturing Plans - ZenaDrone plans to manufacture and assemble at least ten ZenaDrone 1000 units per month starting in Q1 2025 at its facility in Sharjah, UAE [2] - Additionally, drones destined for the US Department of Defense will be manufactured in Phoenix, Arizona [7] Compliance and Certification - The company’s supply chain is fully compliant with the National Defense Authorization Act (NDAA), and it plans to apply for Green UAS and Blue UAS certifications to meet stringent cybersecurity and origin requirements for US DoD sales [8]
ZenaTech’s Quantum Computing “Sky Traffic” Project Demonstrates High Accuracy in Initial Testing Leading to Expansion of Team and AI Drone Applications for Commercial and Defense
GlobeNewswire· 2025-02-19 12:30
Core Insights - ZenaTech, Inc. has announced positive results from initial testing of its Quantum Computing Sky Traffic project, demonstrating high accuracy in weather predictions using AI algorithms and quantum computing [1][2][3] - The company is expanding its internal team to include more quantum, AI, and hardware engineers, focusing on recruiting from international physics facilities [2][3] - The Sky Traffic project aims to enhance weather forecasting and has applications in traffic management, wildfire management, and defense, utilizing large datasets and advanced computing platforms [4][5] Company Overview - ZenaTech specializes in AI drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, targeting mission-critical business applications [9][10] - The company has been operational since 2017, leveraging software development expertise to innovate in drone design and manufacturing, with applications across various sectors including law enforcement, health, government, agriculture, defense, and logistics [9][11] - ZenaTech operates through seven global offices and is developing a DaaS business model alongside a global partner network [10] Technology and Applications - The Sky Traffic project utilizes AI drones to collect real-time atmospheric data, which is then analyzed by quantum computers to improve weather predictions and forecast extreme events [5][6] - The integration of AI and quantum computing enhances the capabilities of defense drones, allowing for faster data processing and improved mission accuracy [6][7] - The ZenaDrone 1000 is a multifunction autonomous drone designed for various applications, including industrial and defense use, with capabilities for heavy lifting and advanced data processing [8][11]
ZenaTech’s ZenaDrone Subsidiary Develops and Tests Proprietary Drone Communications System Enabling Secure and Reliable Communications for US Defense Applications
GlobeNewswire· 2025-02-13 13:00
Core Insights - ZenaTech, Inc. has developed a proprietary drone communications management system called "DroneNet" to enhance secure communications for its drones in environments lacking reliable internet or cellular connectivity [1][2] - The company aims to improve the reliability and performance of its drones, reducing dependency on third-party products and enhancing customization, cost management, and supply chain control [2] - ZenaDrone 1000 is a medium-sized autonomous drone designed for industrial and defense applications, capable of heavy lifting and equipped with advanced technology [4][9] Company Developments - ZenaDrone has successfully completed paid trials with the US Air Force and Navy, demonstrating its drones' capabilities in critical cargo transport [5] - The company plans to manufacture and assemble its drones for the US Department of Defense in Phoenix, Arizona, ensuring compliance with NDAA regulations [5][6] - ZenaTech operates globally with a focus on AI drones, Drone as a Service (DaaS), and Quantum Computing solutions, serving various sectors including defense, agriculture, and logistics [7][9] Industry Context - Reliable communication systems are crucial for military drones used in intelligence, surveillance, and reconnaissance, particularly for Beyond Visual Line of Sight (BVLOS) operations [3] - Advanced communication solutions are necessary to safeguard data against jamming and cyber threats, ensuring mission success in challenging environments [3]
ZenaTech's ZenaDrone Subsidiary Initiates Process for Green UAS Certification for IQ Square Drone for Land Survey, Bridge Inspections, and Other US Defense Applications
GlobeNewswire News Room· 2025-02-11 13:00
Core Insights - ZenaTech's subsidiary ZenaDrone is pursuing Green UAS certification for its IQ Square drone, aimed at enhancing its credibility and compliance for government contracts [1][2][7] - The IQ Square drone is designed for various inspection and reconnaissance missions, featuring advanced imaging technologies and a payload capacity of up to 7 kilograms [4][10] - ZenaDrone has previously conducted successful trials with the US Air Force and Navy Reserve, demonstrating its capabilities in logistics and transportation [5] Group 1: Certification and Compliance - Green UAS certification is essential for accessing government and public sector contracts, validating cybersecurity and supply chain security standards [2][7] - Achieving Green UAS certification is a critical step towards qualifying for Blue UAS certification, which allows direct sales to US defense branches [2][7] - The certification process may take several weeks to months, depending on the company's cybersecurity readiness and supply chain compliance [7] Group 2: Drone Capabilities and Applications - Drones like the IQ Square enhance infrastructure inspection by providing rapid surveillance of critical assets, improving safety and early detection of structural weaknesses [3] - The IQ Square drone has a flight time of approximately 20 minutes and features retractable landing gear for enhanced functionality [4] - ZenaDrone's product offerings include multifunctional drone solutions for various sectors, including agriculture, defense, and logistics [10] Group 3: Company Background and Operations - ZenaTech specializes in AI drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, focusing on mission-critical applications [8] - The company operates through seven global offices and is expanding its DaaS business model and partner network [9] - ZenaDrone is committed to NDAA compliance by manufacturing components in Taiwan and plans to produce US DoD-destined drones in Arizona [5]
ZenaTech's ZenaDrone Starts Testing its High-Density Batteries to Extend Flight Time for ZenaDrone 1000 Drone for US Defense Applications
GlobeNewswire News Room· 2025-02-06 12:30
Core Insights - ZenaTech, Inc. is advancing its ZenaDrone 1000 multifunction AI drone by testing high density batteries to enhance flight times and operational reliability for defense and commercial applications [1][2][3] Company Overview - ZenaTech specializes in AI drone technology, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, focusing on mission-critical business applications [7] - The company operates globally with seven offices across North America, Europe, Taiwan, and the UAE, and is expanding its DaaS business model and partner network [7] Product Development - The ZenaDrone 1000 is designed for military and industrial use, featuring stable flight, heavy lift capabilities, and advanced software technology [3] - The drone has successfully completed two paid trials with the US Air Force and US Navy Reserve for logistics and transportation, demonstrating its capability to carry critical cargo [3] Compliance and Certification - ZenaTech's supply chain is fully compliant with the National Defense Authorization Act (NDAA), which is crucial for its operations in the defense sector [4][5] - The company plans to apply for Green UAS certification followed by Blue UAS certification, which are essential for becoming an approved supplier to US defense branches [4][6] Battery Technology - High density batteries are critical for enhancing the ZenaDrone's performance in military operations, enabling longer flight times and greater reliability under harsh conditions [2] - ZenaDrone will utilize batteries from its affiliated company, Galaxy Batteries Inc., to meet the performance requirements for defense applications [1][2]
ZenaTech Signes LOI to Acquire a Fifth Land Survey Company; Focused on Assisting Border Patrol and Law Enforcement to Control Illegal Immigration
GlobeNewswire News Room· 2025-02-04 12:30
VANCOUVER, British Columbia, Feb. 04, 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 fifth land survey engineering company located in Southeast Florida. Upon completion, this will be the second acquisition in the Southeast, adding to the Company’s na ...
Spider Vision Sensors Collaborates with Suntek Global to Apply for First Blue UAS Certification of IQ Nano Drone Sensor for US Defense
GlobeNewswire· 2025-01-30 12:30
VANCOUVER, British Columbia, Jan. 30, 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 its subsidiaries ZenaDrone and Spider Vision Sensors are collaborating with Taiwan-based certified electronics manufacturer and partner, Suntek Global, to apply for the company’s first Blue UAS (Unmanned Aerial System) ...