Core Insights - Red Cat Holdings, Inc. has appointed Shawn Webb as President of FlightWave Aerospace Systems Corporation, effective immediately, to enhance operational strategy and manufacturing capacity [1][4] Company Overview - Red Cat Holdings, Inc. is a drone technology company that integrates robotic hardware and software for military, government, and commercial operations [7] - The company operates through two subsidiaries, Teal Drones and FlightWave Aerospace, and has developed a Family of Systems including the Black Widow™, TRICHON™, and FANG™ [7] Leadership Experience - Shawn Webb brings over 25 years of experience in operational strategy and engineering in the aerospace sector, previously serving as Vice President of Operations at AeroVironment Inc. [2][3] - At AeroVironment, he led significant capacity and revenue expansion in the Loitering Munition Systems Business Segment [2] - Webb has also held senior roles at BEGA North America and Bombardier Aerospace, focusing on continuous improvement and lean manufacturing [3] Strategic Vision - Webb's appointment is seen as crucial for scaling FlightWave's manufacturing capacity and ramping up production of the Edge 130 Blue, which will evolve into TRICHON™ with enhanced capabilities [4][5] - The defense industry is experiencing significant opportunities for small Unmanned Aerial Systems (sUAS), aligning with Red Cat's vision for integrated ISR and precision strike capabilities [5] Product Information - FlightWave Aerospace Systems Corporation manufactures dual-use VTOL drones, including the Edge 130, which is noted for its industry-leading flight endurance and AI capabilities [8]

VANCOUVER, British Columbia, March 27, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces that it has signed an LOI (Letter of Intent) to acquire an eighth land survey engineering company which marks the second LOI located in Arizona. Upon completion, these locations will serve as a launchpad to further Southwe ...

Core Insights - ZenaTech, Inc. is developing a drone swarm application through its subsidiary ZenaDrone, focusing on inventory management and security solutions using multiple indoor IQ Nano drones [1][3] - The drone swarm technology aims to enhance efficiency, accuracy, and automation in tasks such as inventory tracking and surveillance, significantly improving operational capabilities compared to single drones [2][4] Company Overview - ZenaTech specializes in AI drone technology, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, targeting mission-critical business applications across various sectors [7] - The company has expanded its drone design and manufacturing capabilities since 2017, serving customers in law enforcement, health, government, and industrial sectors, as well as agriculture, defense, and logistics [7] Product Details - The ZenaDrone IQ Nano is designed for autonomous operations, featuring integrated sensors and high-quality cameras, capable of performing tasks like barcode scanning and security monitoring [6] - The drone weighs 1.5 kg and has a flight time of at least 20 minutes, equipped with obstacle avoidance capabilities and designed for stability during hovering [6] Technology Advantages - Utilizing drone swarms for indoor inventory management allows for rapid scanning of thousands of tags per second, providing real-time visibility and significantly reducing manual stocktaking efforts [4] - In security applications, drone swarms can autonomously patrol large areas, detect threats, and adapt to security breaches, enhancing overall safety and reducing false alarms [5]

Company Overview - ZenaTech, Inc. specializes in AI drone technology, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions [1][7] - The company has been operational since 2017 and has expanded its drone design and manufacturing capabilities through its subsidiary, ZenaDrone [7] Acquisition Announcement - ZenaTech has signed a Letter of Intent (LOI) to acquire a sixth land survey engineering company in Arizona, marking its first acquisition in the Southwest Region [1] - This acquisition aims to enhance regional development and support the company's national DaaS business model [1][2] DaaS Model - DaaS provides drone technology solutions on a subscription or pay-per-use basis, allowing businesses and government customers to access drones without the need for ownership or maintenance [3][4] - The model reduces upfront costs and offers scalability, enabling customers to adjust usage based on their needs [4] 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% [6] - The demand for drone surveying is driven by industries such as construction, agriculture, and infrastructure development, with land surveys being a significant segment [6][5] Technological Advancements - Drones equipped with sensors, cameras, LiDAR, and GPS are transforming the land survey industry by capturing high-resolution data quickly, significantly reducing the time required compared to traditional methods [5]