Core Insights - ZenaTech, Inc. has signed an offer to acquire a California-based civil engineering and land surveying firm, marking its first proposed transaction in the US West Coast or Southwest region, which is a strategic entry point into California's high-value drone-based precision agriculture market [1][3] - The acquisition is expected to enhance ZenaTech's Drone as a Service (DaaS) operations, particularly in California's wine and agriculture sectors, leveraging advanced drone capabilities for various applications [2][3] - The global agricultural drone market is projected to reach USD 10.3 billion by 2030, with California being a key growth region due to its significant vineyard acreage and agricultural challenges [3] Company Overview - ZenaTech specializes in AI drone technology, DaaS, enterprise SaaS, and Quantum Computing solutions, focusing on mission-critical business applications [6] - The company has successfully closed six acquisitions in the US as part of its DaaS strategy and plans to complete approximately 20 more in the next 12 months [5] - ZenaDrone, a subsidiary of ZenaTech, develops autonomous drone solutions that incorporate machine learning, AI, and other innovations for various sectors including agriculture and defense [7] Business Model - ZenaTech's DaaS model offers reduced costs and convenience for business and government customers, eliminating the need for purchasing drone hardware and managing operations [4] - The model allows for scalability based on business needs, utilizing ZenaDrone's multifunction AI autonomous drones for tasks such as inspections and precision agriculture [4]
ZenaTech Expands Drone as a Service (DaaS) to California with Offer to Acquire an Engineering and Surveying Firm, Tapping into Precision Agriculture and Viticulture Market