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 Signs Seventh LOI to Acquire a Land Survey Company in Southeast Region Contributing to Drone as a Service Strategy