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]
ZenaTech Closes Miller Land Surveying Corporation, a Third Southeast Acquisition and a Fourth Nationally for the Drone as Service (DaaS) Rollout