VANCOUVER, British Columbia, Aug. 21, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a business technology solution provider specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, announces it has signed offers to acquire two Florida-based companies expected to expand its US DaaS services footprint into drone-based power washing and new aviation, defense, government, and commercial custome ...

Core Insights - ZenaTech, Inc. has established a new Quantum Computing Division aimed at developing advanced computing solutions for defense and autonomous drone systems [1][3] - The division will focus on quantum innovations for secure communications, navigation without GPS, and AI optimization for drone fleets in defense applications [2][3] Company Overview - ZenaTech specializes in AI drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, serving mission-critical business applications [7] - The company has been operational since 2017, enhancing its drone design and manufacturing capabilities through ZenaDrone, and has a diverse customer base across various sectors including law enforcement, health, government, and agriculture [7] Quantum Computing Division - The Quantum Computing Division will expand its current team from 12 to 20 by year-end, incorporating experts in AI, machine learning, quantum hardware, and computational sciences [3] - The division will also advance two existing Quantum R&D projects: Sky Traffic, which optimizes traffic flows using AI-enabled drones, and Clear Sky, which improves weather forecasts through AI drone swarms [4] Product Offerings - The ZenaDrone 1000 is a medium-sized VTOL drone capable of carrying up to 40kg, designed for various applications including defense, agriculture, and inspections [5] - The drone features AI-enabled autonomy and secure communications, and has undergone paid trials with the US Air Force and Navy Reserve [5] Industry Context - The US Department of Defense is prioritizing advancements in quantum-resistant communications and quantum sensing for drone navigation, aligning with ZenaTech's focus on these areas [2] - Quantum computing is recognized as a transformative technology that can solve complex problems beyond the capabilities of classical computers, enhancing data processing and analysis for drone applications [6]

Core Insights - ZenaTech, Inc. reported a transformative second quarter in 2025, achieving a 500% year-over-year revenue increase and a 250% revenue increase for the first half of the year compared to the same period last year [1][6][9] Financial Overview - Record revenue for Q2 2025 reached $2.24 million, a 503% increase from $371,049 in Q2 2024 [6] - Revenue for the first half of 2025 was $3.38 million, up 251% from $962,428 for the same period in 2024 [6] - Drone as a Service (DaaS) contributed $1.98 million in revenue for the first half, alongside $1.39 million from enterprise SaaS [6] - Cash reserves increased to $10.29 million as of June 30, 2025, up from $3.75 million at year-end 2024 [6] - Total assets grew to $52.94 million from $34.65 million at December 31, 2024, reflecting the impact of acquisitions and technology investments [7] Operational Highlights - The company completed six acquisitions in the US land surveying and engineering sector, creating a nationwide platform for drone-powered solutions [6][7] - ZenaTech launched Zena AI, a specialized AI development center for defense applications, and submitted applications for Green UAS certification for its drones [4][6] - The company is expanding its manufacturing capabilities in the US to meet growing demand, including plans to triple its facility size in Phoenix [13] Market Position and Outlook - ZenaTech is well-positioned to expand its range of drone services in the US and globally, with a strong platform for long-term growth [9] - The demand for drone technology and software solutions is rapidly increasing, supported by new government policy directives in the US [9] - The company aims to achieve sustainable profitability as drone adoption accelerates globally, with a pipeline of target acquisitions to reach a total of 25 DaaS-related companies by mid-2026 [13]

Core Viewpoint - ZenaTech, Inc. has completed its eighth and largest acquisition of Cardinal Civil Resources, enhancing its Drone as a Service (DaaS) capabilities and expanding its footprint in the Southeast region of the United States, aligning with new regulatory changes in the drone industry [1][4]. Company Overview - ZenaTech specializes in AI-powered drones, DaaS, Enterprise SaaS, and Quantum Computing solutions, aiming to innovate and improve operational efficiencies in various sectors [6][9]. - The company has established a goal of acquiring and establishing 25 DaaS locations nationwide by mid-next year, having completed eight acquisitions to date [5]. Acquisition Details - The acquisition of Cardinal Civil Resources, a reputable land surveying and engineering firm, strengthens ZenaTech's relationships with major clients, including the US Department of Transportation [1][2]. - Cardinal Civil Resources has a strong portfolio, serving federal and state agencies, municipalities, and prominent commercial clients, which enhances ZenaTech's market position [2][7]. Strategic Timing - The acquisition coincides with the proposed BVLOS (Beyond Visual Line of Sight) rule by US Transportation Secretary Sean Duffy, which aims to streamline drone operations and expand their commercial use [4][5]. - This regulatory change is expected to unlock wider drone applications for government land and road projects, positioning ZenaTech favorably in the market [4]. Market Positioning - ZenaTech's DaaS model offers flexible, on-demand access to drone services, eliminating the need for customers to invest in drone hardware and software, thereby creating recurring revenue opportunities [5][8]. - The company is focused on acquiring land survey engineering firms and other innovative businesses to enhance its scalable, tech-enabled multiservice drone operations [5].

Core Insights - ZenaTech, Inc. has completed its seventh acquisition in the Drone as a Service (DaaS) sector by acquiring Morgan Surveying, Inc., enhancing its presence in the Southeast region of the U.S. [1][2] - The acquisition aims to strengthen ZenaTech's operations and expand its expertise in government opportunities, particularly at various governmental levels [2][3] - ZenaTech's goal is to establish 25 DaaS locations nationwide by mid-next year, with a focus on providing flexible, on-demand drone services [3] Company Overview - ZenaTech specializes in AI-powered drones, DaaS, enterprise SaaS, and Quantum Computing solutions, targeting mission-critical business applications [4] - The company has been innovating in drone design and manufacturing since 2017, focusing on improving operational efficiencies across various sectors including agriculture, defense, and logistics [4][5] - ZenaTech operates globally with offices in North America, Europe, Taiwan, and the UAE, and is actively growing its DaaS business in the U.S. [4] Acquisition Details - Morgan Surveying offers a comprehensive range of land surveying services and has a strong portfolio of municipal, county, and private sector clients, making it a strategic fit for ZenaTech's DaaS platform [2][3] - The acquisition supports ZenaTech's mission to deliver precise and scalable drone-powered insights across multiple industries, from construction to conservation [2][3] Future Plans - ZenaTech is focused on acquiring land survey engineering companies and other businesses that are ripe for innovation to advance its vision for a scalable, tech-enabled multiservice drone business [3] - The DaaS model eliminates the need for customers to invest in drone hardware and software, pilots, maintenance, or regulatory compliance, thereby providing a cost-effective solution [3]

Core Insights - ZenaTech's subsidiary ZenaDrone has upgraded its membership to the Advocacy level with AUVSI, allowing it to join key committees that influence drone policy and procurement [1][2] - This strategic move is aimed at enhancing ZenaDrone's role in shaping drone policies and deepening relationships with stakeholders in the defense sector [1][2] - The involvement comes at a crucial time as recent government directives are pushing for the adoption of secure, domestically produced drone technologies [3] Company Overview - ZenaTech specializes in AI drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, focusing on mission-critical applications [5] - The company has been expanding its drone design and manufacturing capabilities since 2017, serving sectors such as agriculture, defense, logistics, and land surveying [5][6] - ZenaDrone's product lineup includes the ZenaDrone 1000 for agriculture and defense, the IQ Nano for inventory management, and the IQ Square for land surveying [6] Industry Context - AUVSI, founded in 1972, is the largest nonprofit organization promoting uncrewed and autonomous systems, connecting government, industry, and academia [4] - The Defense Advocacy Committee influences defense acquisition policies, while the Air Advocacy Committee focuses on expanding drone operations in national airspace [4] - Recent Executive Orders from the White House and Department of Defense are accelerating support for NDAA-compliant drone technologies, necessitating practical policy frameworks [3]

Core Insights - ZenaTech, Inc. has established Zena AI, Inc. as an AI Development Center under its ZenaDrone subsidiary, focusing on advanced AI software solutions for the US Department of Defense and Homeland Security [1][2][3] - The formation of Zena AI is a direct response to the White House's AI Action Plan and Executive Orders aimed at enhancing American-made AI systems in federal and defense sectors [1][3] Company Overview - ZenaTech specializes in AI drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, aiming to improve operational efficiencies in various sectors including law enforcement, government, and industrial applications [4] - The company has been expanding its drone design and manufacturing capabilities since 2017, with applications in agriculture, defense, logistics, and land surveying [4] ZenaDrone Specifics - ZenaDrone, a wholly owned subsidiary of ZenaTech, develops autonomous drone solutions that integrate machine learning, AI, and Quantum Computing for various applications including military and industrial surveillance [5] - The ZenaDrone 1000 is currently utilized for crop management and critical field cargo applications, while the IQ Nano and IQ Square drones serve inventory management and land surveying needs respectively [5] Strategic Implications - The launch of Zena AI is expected to accelerate ZenaDrone's research and development efforts, enhancing its path to revenue and supporting domestic AI infrastructure [3] - The White House's AI Action Plan emphasizes innovation, infrastructure, and international AI exports, marking a significant federal initiative to bolster domestic AI capabilities and competitiveness [3]

Core Insights - ZenaTech, Inc. has entered a strategic partnership with Eagle Point Funding to enhance its capabilities in securing US defense contracts, leveraging Eagle Point's expertise in federal R&D grant programs [1][2] - The partnership aims to accelerate product development and expand relationships with key US defense agencies, positioning ZenaDrone as a significant provider of American-made drone solutions [2] Company Overview - ZenaTech specializes in AI drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, focusing on mission-critical applications across various sectors [4] - The company has been operational since 2017, enhancing its drone design and manufacturing capabilities through its subsidiary ZenaDrone, which serves industries such as agriculture, defense, logistics, and land surveying [4] Product and Service Offerings - ZenaDrone has developed a range of drones for military applications, including the ZenaDrone 1000, IQ Nano, and IQ Square, designed for tasks such as inspections, surveillance, and inventory management [3][5] - The ZenaDrone 1000 is utilized for crop management and critical cargo delivery in defense, while the IQ Nano and IQ Square serve indoor and outdoor applications respectively [5] Strategic Goals - The collaboration with Eagle Point Funding is expected to facilitate testing, pilot deployments, and long-term procurement discussions, enhancing ZenaDrone's competitive edge in the defense sector [2] - The partnership will also help ZenaTech navigate federal funding programs, allowing the company to develop next-generation drone technologies aligned with US defense priorities [2]

Core Insights - ZenaTech, Inc. has entered a strategic partnership with Eagle Point Funding to enhance its capabilities in securing US defense contracts, leveraging Eagle Point's expertise in federal R&D grant programs [1][2] - The partnership aims to accelerate product development and expand relationships with key US defense agencies, positioning ZenaDrone as a significant provider of American-made drone solutions [2] Company Overview - ZenaTech specializes in AI drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, focusing on mission-critical applications across various sectors [4] - The company has been operational since 2017, enhancing its drone design and manufacturing capabilities through its subsidiary ZenaDrone, which serves industries such as agriculture, defense, logistics, and land surveying [4] Product and Service Offerings - ZenaDrone has successfully conducted paid trials with the US Air Force and Navy Reserve, showcasing its drones' capabilities in delivering critical supplies [3] - The product lineup includes the ZenaDrone 1000, IQ Nano, and IQ Square drones, designed for diverse applications such as inspections, surveillance, reconnaissance, and inventory management [3][5] - ZenaDrone's technology incorporates machine learning, AI, predictive modeling, and Quantum Computing, aimed at revolutionizing various sectors including agriculture and defense [5] Strategic Goals - The collaboration with Eagle Point Funding is expected to facilitate testing, pilot deployments, and long-term procurement discussions, enhancing ZenaDrone's competitive edge in the defense sector [2] - The partnership is designed to unlock new growth opportunities without equity dilution, allowing the company to focus on developing next-generation drone technologies aligned with US defense priorities [2]

Core Insights - ZenaTech's subsidiary ZenaDrone has submitted the IQ Square drone for Green UAS certification, enabling it to be included in the pre-approved procurement list for the US Department of Defense and government buyers [1][2] - The Green UAS certification is part of a compliance and cybersecurity framework aimed at ensuring drones are free from foreign components and meet high standards for cybersecurity and data protection [4] - Recent US government policies are prioritizing domestic and secure systems, which is expected to accelerate funding and procurement for American-made drones [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 expanded its drone design and manufacturing capabilities through ZenaDrone since 2017, serving sectors such as law enforcement, government, and industrial applications [7] - ZenaDrone develops autonomous drone solutions that incorporate advanced technologies like machine learning, AI, and Quantum Computing for various applications, including defense and agriculture [8][9] Product Features - The ZenaDrone IQ Square is designed for line-of-sight applications, including infrastructure inspections and reconnaissance in high-risk environments, with a flight time of 20-25 minutes [1][6] - Equipped with advanced imaging tools such as LiDAR and thermal sensors, the IQ Square drone supports real-time surveillance and early detection of vulnerabilities [5] - The drone features a VTOL frame and autonomous charging capabilities, enhancing its operational efficiency in defense applications [6]