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ZenaTech Signs Offer to Acquire a Warehouse and Inventory Management Company with Established Long-Term US Defense Government Contracts, Accelerating DaaS Expansion on the East Coast
Globenewswire· 2025-09-09 12:30
Core Insights - ZenaTech, Inc. has signed an offer to acquire a Southeast US-based warehouse and inventory management services company that serves the US Department of Defense, enhancing its capabilities in defense logistics and inventory management [1][2] - The acquisition aims to strengthen ZenaTech's Drone as a Service (DaaS) offerings and expand its relationships with US defense agencies, facilitating the delivery of advanced drone services [2][3] - ZenaTech has completed eight acquisitions towards its goal of establishing 25 DaaS locations by mid-2026, providing flexible access to drone services for business and government clients [3] Company Overview - ZenaTech specializes in AI drones, DaaS, enterprise SaaS, and Quantum Computing solutions, focusing on mission-critical applications [4] - The company has developed a range of drones, including the ZenaDrone 1000 for agriculture and defense, and the IQ Nano for indoor inventory management [5] - ZenaTech operates globally with offices in North America, Europe, Taiwan, and the UAE, and is expanding its US DaaS business through acquisitions [4][5]
ZenaTech to Highlight Progress on Drone as a Service and US Defense Business at Multiple Upcoming Investor Conferences
Globenewswire· 2025-09-04 12:15
Company Overview - ZenaTech, Inc. is a business technology solution provider specializing in AI drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions [6][7] - The company has been operational since 2017, focusing on software development and drone design to enhance customer processes in various sectors including law enforcement, health, government, and industrial applications [6][8] Upcoming Events - ZenaTech will participate in multiple investor conferences across the US and a European roadshow over the next two months, providing opportunities for presentations and one-on-one meetings with institutional investors [1] - Key events include the H.C. Wainwright 27th Annual Global Investment Conference from September 8-10, 2025, and the ArcStone-Kingswood Growth Summit 2025 [2] - The European Investor Roadshow will take place on September 18, 2025, in major German financial hubs, where ZenaTech's executives will discuss the company's growth strategy [3] Product and Service Development - The company is focusing on the rollout of its Drone as a Service business, advancements in commercial drone solutions, and developments in its US defense business [1] - ZenaDrone, a subsidiary of ZenaTech, specializes in autonomous drone solutions that integrate machine learning, AI, and Quantum Computing for various applications including agriculture and defense [8]
ZenaTech’s Zena AI Launches a Quantum Computing Initiative for US Defense and Homeland Security Drone Applications
Globenewswire· 2025-09-02 12:00
Core Insights - ZenaTech, Inc. is launching a new initiative called "Eagle Eye" through its defense-focused subsidiary, Zena AI Inc., which will integrate AI drones, historical and real-time data, and quantum computing to enhance decision-making and performance for US Defense and Homeland Security applications [1][2][3] Group 1: Company Overview - ZenaTech specializes in AI drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, focusing on mission-critical business applications [6] - The company has been operational since 2017, leveraging software development expertise to innovate in drone design and manufacturing through its subsidiary, ZenaDrone [6] - ZenaDrone develops autonomous drone solutions that incorporate machine learning, AI, predictive modeling, and quantum computing for various applications, including agriculture and defense [8] Group 2: Initiative Details - The "Eagle Eye" initiative aims to provide predictive insights and optimize military logistics by combining real-time drone data with historical defense intelligence [3] - Zena AI Inc. was established to cater specifically to the US Defense community, focusing on advanced AI and quantum-powered solutions for mission-critical challenges [2][4] - The initiative is expected to enhance training and scenario planning through high-fidelity simulations, improving situational awareness for defense operators [3] Group 3: Technological Advancements - Quantum computing is highlighted as a transformative technology that can solve complex problems and process massive datasets at unprecedented speeds [5] - The integration of quantum technology with AI drone capabilities is anticipated to redefine defense operations, providing stronger security and better navigation even under attack [3][5] - The company plans to expand its development center and hire specialized engineers to enhance its capabilities in military and homeland security applications [4]
ZenaTech’s Spider Vision Sensors Expands Drone Component Manufacturing Capabilities Enabling Compliant Global Supply Chain for US Defense Customers
Globenewswire· 2025-08-28 13:40
Core Insights - ZenaTech, Inc. has announced the establishment of a new component parts manufacturing facility in Taiwan to enhance its supply chain for drones intended for US Defense and NATO [1][2] - The facility will be operated by ZenaTech's subsidiary, Spider Vision Sensors (SVS), and aims to reduce reliance on third-party suppliers while ensuring compliance with NDAA standards [1][2] - The new facility will manufacture critical components such as PCB boards, motors, cameras, and sensors, supporting the production of ZenaDrone models [2][3] 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 expanding its drone design and manufacturing capabilities since 2017, with applications in law enforcement, health, government, agriculture, defense, and logistics [4][5] - ZenaDrone, a subsidiary of ZenaTech, develops autonomous drone solutions that incorporate advanced technologies for various applications, including agriculture and defense [5] Facility Details - The Taiwan facility will occupy 16,000 square feet and is expected to be operational by the end of 2025, with a team of approximately 30-40 personnel [1][3] - The facility will support compliance with US and NATO standards, including Green and Blue UAS certifications, ensuring high-quality production [2] - Components manufactured in Taiwan will be assembled into drones at ZenaDrone's facilities in Arizona and Sharjah, UAE, maintaining operational control [2] Strategic Importance - The establishment of the Taiwan facility is seen as a pivotal milestone for ZenaTech, enhancing its ability to meet rising demand from the US Defense Department and NATO allies [2] - This investment is expected to strengthen supply chain resilience and operational efficiency, positioning ZenaTech as a leader in drone innovation [2]
ZenaTech Signs Offer to Acquire a UK Telecom Sector 3D Design & Modeling Company, Expanding Drone as a Service European Footprint
Globenewswire· 2025-08-26 12:15
Core Insights - ZenaTech, Inc. has signed an offer to acquire a UK-based 3D design and modeling company, marking its first expansion of Drone as a Service (DaaS) into the UK market [1][2] - The acquisition aims to enhance ZenaTech's strategic international footprint in Europe and create new opportunities in the telecommunications and infrastructure sectors [1][2] - The target company specializes in advanced 3D scanning, modeling, and design services for telecom infrastructure, which aligns with ZenaTech's focus on drone-enabled solutions [2][3] Company Strategy - ZenaTech's acquisition strategy focuses on modernizing traditional surveying and inspection businesses by integrating AI drone technology, which is expected to accelerate market adoption and expand the client base [3] - The company has completed eight acquisitions and aims to establish 25 DaaS locations by mid-2026, providing flexible access to advanced drone services for various sectors [4] Market Context - The telecommunications sector is undergoing significant transformation with the modernization of 5G infrastructure, creating opportunities for drone-based solutions to enhance efficiency and safety [2] - ZenaTech's DaaS model eliminates the need for clients to invest in drone hardware and software, making it an attractive option for businesses and government clients [4][5]
ZenaTech Signs Agreements to Acquire Two Florida Companies, Expanding Drone as a Service Footprint into Aviation, Defense, and Power Washing
Globenewswire· 2025-08-21 12:30
Core Insights - ZenaTech, Inc. has signed offers to acquire two Florida-based companies to expand its US Drone as a Service (DaaS) services, targeting drone-based power washing and new aviation, defense, government, and commercial customers [1][4] - The acquisitions are expected to unlock significant revenue potential and diversify ZenaTech's operations across the Southeast region and nationally [1][4] Acquisition Details - One acquisition involves a Florida-based power wash services company, marking ZenaTech's entry into the power washing sector, which is anticipated to grow due to increasing fleet sizes and stricter safety standards [2] - The second acquisition is a land surveying firm with over 30 years of experience, which will enhance ZenaTech's DaaS presence and expand drone services in construction and real estate [3] Strategic Vision - ZenaTech's CEO emphasized the strategic importance of expanding into aviation and defense, aiming to set new standards for safety, sustainability, and efficiency in aviation maintenance through autonomous drone technology [4] - The company has completed eight US acquisitions and aims to establish 25 DaaS locations across the US by mid-2026, focusing on providing flexible, on-demand access to drone services [4][5] Business Model and Market Position - ZenaTech's DaaS model eliminates the need for clients to invest in drone hardware and software, addressing maintenance, regulatory compliance, and pilot sourcing challenges [4] - The company targets established land survey engineering firms and other traditional service businesses that are suitable for drone innovation, aiming to create a scalable, tech-enabled multiservice drone business [5] Company Overview - ZenaTech specializes in AI drones, DaaS, enterprise SaaS, and Quantum Computing solutions, leveraging its software development expertise to enhance customer operations across various sectors [6] - The company operates globally with offices in North America, Europe, Taiwan, and the UAE, and is focused on growing its US DaaS business through strategic acquisitions [6]
ZenaTech Unveils New Quantum Computing Division to Accelerate Advanced Drone and Defense Capabilities
Globenewswire· 2025-08-19 12:30
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]
ZenaTech Signs Offer to Acquire a Flight School Enabling Complex BVLOS Missions and Potential Drone as a Service (DaaS) US Government and Military Contracts
Globenewswire· 2025-08-14 12:41
Company Overview - ZenaTech, Inc. specializes in AI drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, aiming to enhance operational efficiencies across various sectors [6][8] - The company has been expanding its capabilities since 2017, focusing on software development and drone design to serve industries such as law enforcement, health, government, and agriculture [6] Acquisition Announcement - ZenaTech has signed an offer to acquire a Florida-based FAA certified flight school, which will enable the company to train pilots for FAA Part 61 certification and complex BVLOS operations [1][3] - This acquisition is expected to enhance ZenaTech's internal capabilities, allowing it to build a qualified pilot workforce for specialized commercial and government contracts [3][4] Regulatory Context - The FAA is moving towards a new licensing system for BVLOS operations, which will require companies to demonstrate they have qualified personnel and appropriate training [4] - Current regulations necessitate that certain drone operations, especially those involving complex BVLOS scenarios, require pilots to hold a Part 61 license [2][4] Product Development - The ZenaDrone 1000 is a medium-sized VTOL drone designed for BVLOS use, capable of carrying approximately 40 kg and equipped with AI-enabled autonomy [5] - The drone has been tested in paid trials with the US Air Force and Navy Reserve for critical cargo delivery applications, indicating its potential in defense and logistics sectors [5][8] Strategic Goals - The acquisition and development of pilot training capabilities are part of ZenaTech's strategy to ensure regulatory readiness and accelerate market entry into the DaaS and defense markets [3][4] - The company aims to establish a national DaaS services network, positioning itself to capitalize on future opportunities as drone regulations evolve [3][4]
ZenaTech Reports Over 500% Increase in Year-Over-Year Revenue for Second Quarter of 2025 and Over 250% Increase in Revenue for the First Six Months of Year
Globenewswire· 2025-08-12 11:30
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]
ZenaTech Acquires Cardinal Civil Resources, a Virginia-Based Land Surveying and Engineering Firm Serving Three States and Large Customers Including US Department of Transportation
GlobeNewswire News Room· 2025-08-07 12:30
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].