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ZenaTech Closes Miller Land Surveying Corporation, a Third Southeast Acquisition and a Fourth Nationally for the Drone as Service (DaaS) Rollout
Globenewswire· 2025-04-10 11:45
Company Overview - ZenaTech, Inc. specializes in AI drone technology, Drone-as-a-Service (DaaS), enterprise SaaS, and Quantum Computing solutions [8] - The company has been operational since 2017 and has expanded its drone design and manufacturing capabilities through its subsidiary, ZenaDrone [8] Acquisition Details - ZenaTech has completed the acquisition of Miller Land Surveying Corporation, a company with a 40-year history in land surveying and mapping [1] - This acquisition marks ZenaTech's third in the Southeast region and is part of a national strategy to disrupt the land survey industry by utilizing drones [2][3] Business Model and Services - The DaaS model allows customers to access drone services without the need for purchasing or maintaining drones, offering convenience and reduced upfront costs [5] - Services provided include land surveys, power line inspections, and other applications, available through a subscription or pay-per-use model [4][5] 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% driven by demand from construction, agriculture, and infrastructure sectors [7] - Accurate land surveys are essential for various projects, and drones are revolutionizing the industry by significantly reducing the time required for data collection [6]
ZenaDrone Expands Domestic Manufacturing for US Commercial Customers and US Defense Without Needing to Increase Prices
Globenewswire· 2025-04-08 11:30
VANCOUVER, British Columbia, April 08, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, today provides an update on its US-based ZenaDrone subsidiary’s expansion plans for “Made in America” manufacturing in light of the recent expanded tariffs announced by the current US Administration. ZenaTech maintains its commitme ...
ZenaTech Closes Second Southeast Region Acquisition, Wallace Surveying Corporation, Set to Become the Third Acquisition to Power Its National Drone as a Service (DaaS) Business
GlobeNewswire News Room· 2025-04-03 12:00
VANCOUVER, British Columbia, April 03, 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 closed the acquisition of Wallace Surveying Corporation (“Wallace”) of West Palm Beach, Florida, a well-established land survey company with thirty years of experience. Wallace provides construction and land de ...
ZenaTech's 2024 Financial Results and CEO Letter to Shareholders Shows Revenue and Assets Increase
GlobeNewswire News Room· 2025-04-01 15:12
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 ...
Growing Popularity of Drones as a Service Stemming from Increasing Usage & Applications and Latest Advancements
Prnewswire· 2025-03-27 13:30
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 ...
ZenaTech Signs LOI to Acquire Eighth Land Survey Company Advancing Drone as a Service in a $2.5 Billion US Drone Survey Market by 2033
Globenewswire· 2025-03-27 12:00
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 ...
ZenaTech's ZenaDrone Developing Indoor Drone Swarm Application for Inventory Management and Security with Auto Parts Manufacturer Customer
GlobeNewswire News Room· 2025-03-25 11:45
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]
US Drone Surveying Market Expected to Realize Double-Digit Market Growth Predicted to Reach $2.54 Billion By 2033
Prnewswire· 2025-03-20 13:30
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 ...
ZenaTech Signs Seventh LOI to Acquire a Land Survey Company in Southeast Region Contributing to Drone as a Service Strategy
Globenewswire· 2025-03-20 12:30
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 expanding its capabilities since 2017, focusing on improving customer processes in inspection, monitoring, safety, security, compliance, and surveying [7] Recent Developments - ZenaTech has signed a Letter of Intent (LOI) to acquire a seventh land survey engineering company in Florida, marking its fourth LOI in the Southeast region [1] - This acquisition will enhance ZenaTech's DaaS business model and support regional development [1][2] Business Model - The DaaS model allows customers to access drone services on a subscription or pay-per-use basis, eliminating the need for purchasing and maintaining drones [3][4] - This model is designed to reduce upfront costs for customers, including government agencies, real estate developers, and farmers, while providing scalability based on business 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% driven by demand from construction, agriculture, and infrastructure sectors [6] - The use of drones for land surveys is revolutionizing the industry by significantly reducing the time required to gather aerial data compared to traditional methods [5] Strategic Importance of Florida - Florida is identified as a strategic location for ZenaTech's DaaS strategy due to its favorable flying conditions, consistent regulations, and existing government drone applications [2] - The growing interest in drone applications across various commercial sectors in Florida presents multiple growth opportunities for ZenaTech [2]
ZenaTech Completes Acquisition of Workplace Scheduling Software Company Othership Limited and Plans to Use Quantum Computing to Increase Productivity for Multinational Corporations
Globenewswire· 2025-03-18 13:00
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 ...