Core Insights - ZenaTech, Inc. has signed an offer to acquire a Virginia-based land survey and civil engineering firm, marking its first entry into Virginia, North Carolina, and South Carolina, which will accelerate its expansion in the Southeast region of the US [1][2] Company Overview - ZenaTech specializes in AI drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, focusing on mission-critical business applications [4] - The company has been growing its drone design and manufacturing capabilities through its subsidiary, ZenaDrone, since 2017, and operates through seven global offices [4] Acquisition Details - The target company has expertise in serving major US federal government agencies and regional infrastructure programs, holding active contracts with federal and state agencies [2] - This acquisition aligns with ZenaTech's DaaS business model expansion objectives, enhancing its geographic reach and access to a high-value pipeline of projects [2][3] DaaS Business Model - ZenaTech's DaaS model provides reduced costs and convenience for business and government customers, allowing them to utilize drones without the need for purchasing hardware or managing operations [3] - The model supports various applications, including inspections, surveying, maintenance, precision agriculture, and inventory management [3] Product Offerings - ZenaDrone develops autonomous drone solutions that incorporate machine learning, AI, predictive modeling, and Quantum Computing for various applications, including agriculture and defense [5] - Notable products include the ZenaDrone 1000 for crop management, the IQ Nano for inventory management, and the IQ Square for land surveys and inspections [5]
ZenaTech Expands Drone as a Service (DaaS) for Government and Defense, Signing an Offer to Acquire a Virginia-Headquartered Tri-State Land Survey and Engineering Firm Serving Major US Federal Clients