Company Overview - ZenaTech, Inc. specializes in AI drone technology, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions for critical business applications [5] - The company has been expanding its drone design and manufacturing capabilities through its subsidiary, ZenaDrone, since 2017 [5][6] Acquisition Details - ZenaTech has acquired Vara 3D Inc., a surveying and 3D mapping company based in Salt Lake City, which serves clients in Utah and California's solar energy sector [1][2] - This acquisition aims to enhance ZenaTech's DaaS offerings and facilitate entry into the growing solar infrastructure market [1][2] Market Potential - The solar energy systems market in North America is experiencing growth of over 15% annually, presenting significant opportunities for drone-based automation in surveying and site assessment [3] - Many solar developers still rely on traditional methods, indicating a strong demand for innovative drone solutions to improve efficiency and reduce costs [3] Service Expansion - Following the acquisition, ZenaTech plans to expand its services to include drone-based solar panel inspection, maintenance, and washing [2] - ZenaTech's DaaS model provides clients with flexible access to drone services for various applications, including surveying, inspection, and maintenance, without the need for capital investment [4] Strategic Goals - The company aims to build a global, multi-service DaaS network by acquiring established service companies that are currently using low-tech processes, thus positioning itself for growth in the drone service market [4]
ZenaTech Closes Acquisition of Vara 3D, a Utah-Based Surveying and Mapping Firm Expanding Drone-as-a-Service to the High-Growth Solar Infrastructure Market