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]
ZenaTech Signs LOI to Acquire Sixth Land Survey Company in Arizona and First in the Southwest Region for Drone as a Service