VANCOUVER, British Columbia, April 22, 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, announces today that its subsidiary ZenaDrone is launching a drone-based early wildfire detection system. The Company plans to conduct onsite testing and evaluation with a prospective California business customer seeking to protec ...

Industry Overview - The global drone market is projected to reach US$57.8 billion by 2030, up from an estimated US$40.6 billion in 2025, indicating significant growth across various industries [1] - The commercial service market is the largest segment, expected to generate US$29.4 billion by 2025, followed by commercial hardware at US$6.7 billion and commercial software at US$1.7 billion [1] - The total number of drone flights globally increased by 25% in 2024, rising from 15.5 million to 19.5 million flights [2] Regional Insights - North America and Asia are leading in drone usage, with Europe closely following, while Latin America and Africa are experiencing accelerated growth due to improved local ecosystems and drone accessibility [2] - Asia recorded the highest number of drone flights in 2024 at 6.3 million, followed by North America with 3.9 million and Europe with 3.8 million [2] Company Developments - ZenaTech, Inc. is set to showcase its Drone as a Service (DaaS) and AI drone innovations at two major investor conferences in May 2025 [3] - Ambarella, Inc. has achieved a milestone of 30 million cumulative units shipped and is demonstrating its generative AI capabilities at the ISC West security expo [4][5] - AgEagle Aerial Systems Inc. demonstrated its eBee VISION drone at a military symposium, highlighting its operational advantages for military applications [7][8] - Ondas Holdings Inc. secured a US$3.2 million purchase order from a UAE governmental entity to expand its urban autonomous drone infrastructure [9]

VANCOUVER, British Columbia, April 17, 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 the company was invited and will participate at two prominent investor conferences next month: the D. Boral Capital Conference and the Ladenburg Thalmann Technology Innovation Expo. These high-profile investor events ...

VANCOUVER, British Columbia, April 15, 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, provides an update on its subsidiary ZenaDrone’s previously announced plans to obtain the Green UAS (Unmanned Aerial System) certification and announces its intention to submit an application for the IQ Square drone at the beginnin ...

Industry Overview - The commercial drone market is projected to grow from USD 5.32 billion in 2024 to USD 9.34 billion by 2030, at a CAGR of 11.2% from 2024 to 2030 [1] - Drones are increasingly adopted in various industries such as agriculture, construction, and energy for tasks like crop monitoring, site inspection, and power line inspection [1] - Enhanced regulatory frameworks are expected to facilitate drone operations, lowering operational barriers and enhancing safety [1] Company Developments - ZenaTech, Inc. has closed its acquisition of Miller Land Surveying Corporation, marking its third acquisition in the Southeast region and fourth nationally as part of its Drone as a Service (DaaS) rollout [2][3] - The acquisition aims to disrupt the land survey industry by leveraging drones for speed and accuracy, enhancing ZenaTech's DaaS business [3][4] - ZenaTech's DaaS model allows customers to access drone services without the need for purchasing or maintaining drones, offering convenience and scalability [5][6][7] Technological Advancements - Drones are revolutionizing the land survey industry by gathering aerial data quickly using advanced sensors and cameras, significantly reducing the time required for traditional methods [8] - The use of drones for inspecting hard-to-reach locations and conducting aerial evaluations of infrastructure is becoming more prevalent, enhancing efficiency and cost-effectiveness [2] Market Trends - The demand for drones in last-mile delivery services is expected to rise, particularly in developed countries, as they can reduce delivery costs and times [2] - Major players in the commercial drone market are pursuing growth strategies such as contracts, joint ventures, and new product launches to expand their market presence [2] Employment and Manufacturing - ZenaTech plans to expand its manufacturing capabilities in Phoenix, Arizona, which is expected to create over 150 new jobs by the end of 2026 [10] - The company is committed to domestic manufacturing for US defense drone solutions, ensuring no price increases for customers despite recent tariff adjustments [9][10][11]

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]

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 ...

Industry Overview - The US Drone Surveying Market is the global leader and is projected to grow at a double-digit rate, reaching a valuation of US$ 2540.0 million by 2033 [1] - Key industries utilizing drone surveying include pharmaceuticals, mining, real estate, and agriculture, with the construction and mining sectors expected to drive demand [1][2] - Land survey services account for approximately 53% of the total market share in the drone surveying industry, highlighting their importance across various sectors [1] Company Developments - ZenaTech, Inc. has acquired Wallace Surveying Corporation, enhancing its Drone as a Service (DaaS) business model and expanding its capabilities in land surveying [2][3] - The acquisition of Wallace Surveying is part of ZenaTech's strategy to disrupt the land survey industry by leveraging drone technology for speed and accuracy [3][4] - ZenaTech's DaaS model allows customers to access drone services on a subscription basis, reducing the need for upfront investment in drone technology [5][6] Financial Performance - ZenaTech reported a 7% increase in revenue for 2024, reaching $1.96 million, while assets grew over 110% to $34.6 million [11] - The company has maintained low liabilities, with a debt-to-capitalization ratio of 31%, indicating financial stability [11] Technological Advancements - Drones equipped with advanced sensors and cameras are revolutionizing the land survey industry by providing high-resolution data quickly, significantly reducing the time required for traditional methods [7] - The integration of AI and advanced drone technology is expected to enhance operational efficiency across various sectors, including construction and urban planning [8][10]

Industry Overview - The global drone surveying market is projected to grow at a CAGR of 19.3% from 2023 to 2033, driven by increased demand across various industries due to benefits such as lower costs, reduced time, and improved results compared to traditional surveying methods [1][2] - The demand for drone services has expanded beyond agriculture and public administration to include infrastructure development, mining, energy, education, and transportation [2] Company Developments - ZenaTech, Inc. has completed the acquisition of Wallace Surveying Corporation, marking its second acquisition in the Southeast region as part of a strategy to enhance its Drone as a Service (DaaS) business [2][3] - The acquisition of Wallace Surveying Corporation aims to innovate land surveys at scale by leveraging advanced drone data collection and management [4] - ZenaTech's DaaS model allows customers to access drone services on a subscription or pay-per-use basis, reducing upfront costs and eliminating the need for maintenance and operation of drones [5][6] Technological Advancements - The drone surveying industry is expected to witness continuous technological advancements, leading to an expansion of service offerings and improved accuracy in data collection [2] - Drones equipped with sensors and cameras, including LiDAR and GPS systems, are revolutionizing the land survey industry by gathering aerial data quickly, significantly reducing the time required for traditional methods [8] Financial Performance - ZenaTech reported a 7% increase in revenue for 2024, reaching $1.96 million compared to $1.82 million in 2023, while assets increased over 110% to $34.6 million [11] - The company has maintained low liabilities, with a debt to total capitalization ratio of 31%, indicating a stable financial position [11] Market Opportunities - The DaaS business model offers scalability and convenience for various sectors, including government agencies, real estate developers, and energy companies, by providing access to advanced drone technology without the need for specialized training [6][7] - The ongoing demand for accurate land surveys is essential for urban planning and infrastructure projects, creating significant opportunities for companies in the drone surveying market [8]

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 ...