Industry Overview - The global agriculture drones market is projected to grow from $2.01 billion in 2024 to $8.03 billion by 2029, indicating significant growth potential driven by the adoption of aerial data collection tools in agriculture [1] - The cereals and grains segment is experiencing substantial growth, with drones playing a crucial role in optimizing yields through aerial surveys, crop health monitoring, and soil condition assessments [2] - The overall agriculture drone market is expected to grow from $6.10 billion in 2024 to $23.78 billion by 2032, at a CAGR of 18.5%, fueled by demand for precision agriculture and advancements in drone technology [4] Company Developments - ZenaTech, Inc. has received FAA Part 137 approval for its ZenaDrone 1000, allowing it to conduct commercial agricultural operations, including crop spraying and precision agriculture [2][3] - ZenaTech plans to utilize a Drone as a Service (DaaS) model to sell its solutions, targeting larger commercial farms and agribusinesses [2] - Unusual Machines, Inc. reported a fourth-quarter revenue of over $2.0 million, marking a 31% increase quarter-over-quarter, with total revenue for FY2024 reaching $5.65 million, exceeding its target by 13% [11] Technological Advancements - The ZenaDrone 1000 features advanced technology, including AI, sensors, and purpose-built attachments for crop spraying, designed for stable flight and heavy lift capabilities [5][6] - Sidus Space has unveiled a near real-time vessel detection and classification capability through its LizzieSat® satellite platform, enhancing space-based maritime intelligence [12][13] - AgriFORCE Growing Systems Ltd. has made progress in its Radical Clean Solutions division, receiving a U.S. patent for a chemical-free solution to reduce mold and extend the shelf life of produce [14][15][16]

VANCOUVER, British Columbia, April 24, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces its subsidiary ZenaDrone has received approval from the Federal Aviation Administration (FAA) to conduct commercial agricultural operations under the rules and regulations of 14 CFR Part 137 for crop spraying and precisio ...

VANCOUVER, British Columbia, April 22, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces today that its subsidiary ZenaDrone is launching a drone-based early wildfire detection system. The Company plans to conduct onsite testing and evaluation with a prospective California business customer seeking to protec ...

Core Insights - Mobilicom Limited has received its sixth commercial scale follow-on order for its SkyHopper PRO datalinks from a Tier-1 U.S. drone manufacturer, indicating strong demand and ongoing growth in the defense sector [1][2] - The company reported a 45% increase in year-over-year revenues in 2024, attributed to a growing number of orders from global Tier-1 customers [3] - SkyHopper PRO is recognized for its superior performance in size, weight, power, and cost (SWaP-C) and complies with U.S. National Defense Authorization Act (NDAA) standards [4] Company Overview - Mobilicom is a leading provider of cybersecurity and robust solutions for the defense and commercial drones and robotics market, with a diverse portfolio of technologies [5] - The company has established a strong presence with over 50 customers, including major drone manufacturers, and its solutions are utilized in mission-critical applications [5] Product Details - SkyHopper PRO is a Secured Cognitive Software Defined Radio (SDR) designed for harsh environments, showcasing combat-proven performance [4] - The product was selected over four competitors after extensive field testing, highlighting its competitive edge in the market [2]

Industry Overview - The global drone market is projected to reach US$57.8 billion by 2030, up from an estimated US$40.6 billion in 2025, indicating significant growth across various industries [1] - The commercial service market is the largest segment, expected to generate US$29.4 billion by 2025, followed by commercial hardware at US$6.7 billion and commercial software at US$1.7 billion [1] - The total number of drone flights globally increased by 25% in 2024, rising from 15.5 million to 19.5 million flights [2] Regional Insights - North America and Asia are leading in drone usage, with Europe closely following, while Latin America and Africa are experiencing accelerated growth due to improved local ecosystems and drone accessibility [2] - Asia recorded the highest number of drone flights in 2024 at 6.3 million, followed by North America with 3.9 million and Europe with 3.8 million [2] Company Developments - ZenaTech, Inc. is set to showcase its Drone as a Service (DaaS) and AI drone innovations at two major investor conferences in May 2025 [3] - Ambarella, Inc. has achieved a milestone of 30 million cumulative units shipped and is demonstrating its generative AI capabilities at the ISC West security expo [4][5] - AgEagle Aerial Systems Inc. demonstrated its eBee VISION drone at a military symposium, highlighting its operational advantages for military applications [7][8] - Ondas Holdings Inc. secured a US$3.2 million purchase order from a UAE governmental entity to expand its urban autonomous drone infrastructure [9]

Proven financial leader brings over 20 years of senior management experience navigating a multitude of public companies to fiscal responsibility and shareholder value creation including risks related to the timing and fulfilment of current and future purchase orders relating to AgEagle's products, the success of new programs, the ability to implement a new strategic plan and the success of a new strategic plan. Further, certain forward-looking statements are based on assumptions as to future events that may ...

Core Viewpoint - Draganfly Inc. has established a Public Safety Advisory Board to enhance its commitment to innovative technologies for public safety and law enforcement, with Paul Goldenberg as the inaugural Chair [1][5]. Company Overview - Draganfly Inc. is a pioneer in drone solutions, AI-driven software, and robotics, with over 25 years of experience in providing technology for various sectors including public safety, agriculture, and industrial inspections [6]. Leadership Appointment - Paul Goldenberg, a recognized expert in public safety and homeland security with over 30 years of experience, has been appointed as the Chair of the Public Safety Advisory Board [2][4]. - Goldenberg's previous roles include advising U.S. Presidents and leading significant initiatives in the Department of Homeland Security [2][3]. Strategic Importance - The formation of the Public Safety Advisory Board is a strategic move to strengthen Draganfly's capabilities in providing innovative solutions that support law enforcement agencies [5]. - The appointment of Goldenberg is expected to advance Draganfly's mission to deliver AI-powered drone technologies that enhance situational awareness and operational efficiency for law enforcement [4].

Core Viewpoint - Red Cat Holdings, Inc. has successfully closed a registered direct offering, raising approximately $30 million through the sale of 4,724,412 shares of common stock, positioning the company for significant growth in the drone industry focused on aerospace and defense technologies [1][2]. Group 1: Financial Details - The offering resulted in gross proceeds of approximately $30 million before deducting placement agent fees and other expenses, and it closed on April 11, 2025 [1]. - The company intends to use the net proceeds from the offering for general corporate purposes, including working capital [3]. Group 2: Company Overview - Red Cat is a drone technology company that integrates robotic hardware and software for military, government, and commercial operations, with subsidiaries Teal Drones and FlightWave Aerospace [6]. - The company has developed a Family of Systems, including the Black Widow™, a small unmanned ISR system awarded the U.S. Army's Short Range Reconnaissance Program contract, and other products like TRICHON™ and FANG™ [6]. Group 3: Growth Strategy - Red Cat aims to drive growth through military contracts and strategic partnerships, including a recent collaboration with Palantir Technologies [8]. - The company is reiterating its 2025 revenue guidance of $80-120 million, driven by military contracts and strategic partnerships [8]. - Recent key hires include Christian Koji Ericson as CFO and Shawn Webb as President of FlightWave Aerospace, enhancing military drone production capabilities [8].

Core Insights - The global drone inspection and monitoring market is projected to grow from approximately $10.5 billion in 2022 to $21.3 billion by 2027, reflecting a compound annual growth rate (CAGR) of 15.1% [2] - Foresight Autonomous Holdings Ltd. has signed a non-binding memorandum of understanding with an Indian drone manufacturer to collaborate on developing rugged, autonomous industrial inspection drones [1][2] - The commercialization of the jointly developed technology is expected to generate revenues of up to $32 million by 2031 [2] Industry Overview - The growth in the drone inspection and monitoring market is driven by increasing demand in sectors such as oil and gas, mining, critical infrastructure, and manufacturing [1][2] - Drones are being adopted for their cost-effectiveness, efficiency, and safety benefits, particularly in hazardous environments [2] Technology Development - The autonomous drones will be equipped with visible-light and thermal sensors, designed for reliable operation in GPS-denied environments [2][3] - Advanced artificial intelligence-based algorithms will be utilized for autonomous navigation, obstacle detection, and path planning, enabling efficient navigation in complex spaces [3] Applications and Benefits - The drones are suitable for extreme conditions, including high temperatures, dust, smoke, and low visibility, significantly reducing human exposure to dangerous environments [4] - The jointly developed system aims to improve operational performance, increase efficiency, and lower costs through accelerated inspection processes and predictive maintenance [4] Funding and Support - The parties involved in the project have applied for $5 million in funding from the India-Israel Industrial R&D and Technological Innovation Fund (I4F) [2] - The I4F is a $40 million initiative aimed at supporting collaborative R&D projects between India and Israel in various key sectors [5]

Industry Overview - The commercial drone market is projected to grow from USD 5.32 billion in 2024 to USD 9.34 billion by 2030, at a CAGR of 11.2% from 2024 to 2030 [1] - Drones are increasingly adopted in various industries such as agriculture, construction, and energy for tasks like crop monitoring, site inspection, and power line inspection [1] - Enhanced regulatory frameworks are expected to facilitate drone operations, lowering operational barriers and enhancing safety [1] Company Developments - ZenaTech, Inc. has closed its acquisition of Miller Land Surveying Corporation, marking its third acquisition in the Southeast region and fourth nationally as part of its Drone as a Service (DaaS) rollout [2][3] - The acquisition aims to disrupt the land survey industry by leveraging drones for speed and accuracy, enhancing ZenaTech's DaaS business [3][4] - ZenaTech's DaaS model allows customers to access drone services without the need for purchasing or maintaining drones, offering convenience and scalability [5][6][7] Technological Advancements - Drones are revolutionizing the land survey industry by gathering aerial data quickly using advanced sensors and cameras, significantly reducing the time required for traditional methods [8] - The use of drones for inspecting hard-to-reach locations and conducting aerial evaluations of infrastructure is becoming more prevalent, enhancing efficiency and cost-effectiveness [2] Market Trends - The demand for drones in last-mile delivery services is expected to rise, particularly in developed countries, as they can reduce delivery costs and times [2] - Major players in the commercial drone market are pursuing growth strategies such as contracts, joint ventures, and new product launches to expand their market presence [2] Employment and Manufacturing - ZenaTech plans to expand its manufacturing capabilities in Phoenix, Arizona, which is expected to create over 150 new jobs by the end of 2026 [10] - The company is committed to domestic manufacturing for US defense drone solutions, ensuring no price increases for customers despite recent tariff adjustments [9][10][11]