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Volatus Aerospace Supports J.D. Irving, Limited's Vision for Drone-Powered Tree Planting in New Brunswick
GlobeNewswire News Room· 2025-06-23 13:05
Drone-based seedling delivery is a scalable, low-cost solution accelerating global tree planting and forestry operations. By combining AI, automation, and remote sensing, drones enable high-volume planting in remote terrain with minimal environmental impact—aligning with sustainability priorities while creating long-term value in the growing carbon market. Volatus invites investors and stakeholders interested in the economic, environmental, and technological opportunities of drone-enabled tree planting and ...
Draganfly Announces Closing of US$13.75 Million Public Offering
Globenewswire· 2025-06-12 20:40
Core Points - Draganfly Inc. has successfully closed a public offering of 5,500,000 units, generating gross proceeds of approximately US$13.75 million at a price of US$2.50 per unit [1][2] - Each unit consists of one common share and one warrant, with the warrants having an exercise price of CA$5.0768 (or US$3.71) and expiring five years after issuance [1][2] - The net proceeds from the offering will be used for general corporate purposes, including funding new product capabilities, growth initiatives, working capital, and research and development [2] Offering Details - The offering was conducted under an effective shelf registration statement filed with the U.S. Securities and Exchange Commission (SEC) and a Canadian short form base shelf prospectus [3] - The securities were offered and sold exclusively in the United States, with no sales made to Canadian purchasers [3] - A final prospectus supplement and accompanying base shelf prospectus have been filed with relevant securities commissions and are available for public access [4] Company Overview - Draganfly Inc. is a pioneer in drone solutions, AI-driven software, and robotics, with over 25 years of innovation in the drone technology sector [6] - The company provides solutions for various sectors, including public safety, agriculture, industrial inspections, security, mapping, and surveying [6]
Tonner Drones encourages shareholders to vote at the Ordinary and Extraordinary General Meeting on Thursday, June 19, 2025
Globenewswire· 2025-06-04 06:00
Core Points - Tonner Drones is holding an Ordinary and Extraordinary General Meeting on June 19, 2025, to approve the 2024 accounts [1][2] - The meeting will take place at the Lexelians law firm in Paris at 3:00 p.m. [1] - Shareholders are encouraged to participate and vote to meet the quorum requirements [3] Company Overview - Tonner Drones develops technologies for the logistics sector and holds stakes in French drone manufacturers like Elistair and Donecle [4] - The company's strategy focuses on increasing the value of its shareholdings through active asset management and generating additional revenues from patents [4] - Tonner Drones does not plan to own a factory but aims to retain R&D for its products in France [4] - The company's shares are listed on Euronext Growth Paris with the ISIN code FR001400H2X4 [5]
ZenaTech Developing Quantum Computing and AI Drone Fleets to Prevent Wildfires in the Western US
Globenewswire· 2025-05-29 12:30
Core Insights - ZenaTech is launching a strategic initiative to utilize quantum computing and AI-powered drones for wildfire detection and response in the US Western and Coastal states, as part of its Clear Sky project aimed at mitigating billion-dollar weather events [1][4] Group 1: Technology and Innovation - The integration of quantum computing with AI drone systems enables ZenaTech to process large volumes of atmospheric and terrain data, providing near real-time wildfire predictions and response strategies with high speed and accuracy [2][5] - ZenaTech's ZenaDrone 1000 and fleets of drones equipped with advanced sensors can autonomously cover over 300 square miles, gathering environmental data for predictive modeling of wildfire spread based on various factors [3][4] Group 2: Strategic Partnerships and Expansion - ZenaTech has acquired a Portland-based land survey engineering company to enhance its Drone as a Service (DaaS) capabilities, focusing on wildfire management in the Pacific Coast areas [4] - The company plans to leverage its partnership with Wyoming Native American tribes for testing fire mitigation and monitoring of tribal lands, expanding its R&D team to 20 engineers dedicated to wildfire modeling and AI-augmented forecasting [4] Group 3: Market Context - In the previous year, there were 58 billion-dollar weather disasters globally, with 27 occurring in the US, highlighting the increasing threat of extreme weather events that ZenaTech aims to address through its innovative solutions [6]
ZenaTech Provides Quantum Computing Update on ‘Clear Sky' Weather Forecasting Project─AI Drone Swarms to Combat Steep Rise in Billion Dollar Extreme Weather Events
Globenewswire· 2025-05-27 12:15
Core Insights - ZenaTech, Inc. is advancing its "Clear Sky" project, which utilizes AI drones and quantum computing for improved weather forecasting, aiming to save lives and reduce economic losses from extreme weather events [1][3] - The company plans to expand its quantum computing project team to enhance the development of Clear Sky and other internal projects [2] - The rise in billion-dollar weather disasters highlights the need for better predictive tools, with 58 such disasters recorded globally last year [3][5] Company Overview - ZenaTech specializes in AI drones, Drone as a Service (DaaS), enterprise SaaS, and quantum computing solutions, focusing on mission-critical applications across various sectors [6] - The company has been innovating in drone design and manufacturing since 2017, serving customers in law enforcement, health, government, and industrial sectors [6] - ZenaTech operates globally with seven offices in North America, Europe, Taiwan, and the UAE, and is expanding its DaaS business model [6] Technology and Innovation - The Clear Sky project employs AI-powered drone swarms to collect real-time atmospheric data, significantly improving weather prediction accuracy [3][4] - Quantum computing enhances the processing of complex data, allowing for faster and more accurate weather forecasts [4] - The use of drones in meteorology represents a transformative approach, enabling high-frequency localized measurements that improve early warning systems for extreme weather [3][4]
ParaZero Expands European Market Footprint with Follow-On Order for SafeAir M4 Systems
Globenewswire· 2025-05-21 11:32
Core Insights - ParaZero Technologies Ltd. has received a follow-on purchase order for its SafeAir™ M4 parachute recovery system from a prominent European drone technology partner, indicating strong demand in the drone market [1][2][3] - The SafeAir™ M4 system is designed for integration with DJI's Matrice 4 series and aims to meet the highest European regulatory standards for safe urban flight [2][3] - The European partner operates in precision agriculture, infrastructure inspection, and emergency response, highlighting the diverse applications of ParaZero's safety solutions [3] Company Overview - ParaZero Technologies is a developer of autonomous parachute safety systems for commercial and military applications, founded in 2014 by aviation professionals and drone industry veterans [4] - The company focuses on enabling safe flight operations over populated areas and beyond-visual-line-of-sight (BVLOS) [4]
ZenaTech Advances Its US Southeast DaaS Business with a Bolt-On Land Survey Company Acquisition Offer
Globenewswire· 2025-05-20 11:45
Company Overview - ZenaTech, Inc. specializes in AI drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, aiming to innovate and improve processes in various sectors since 2017 [5] - The company operates globally with seven offices across North America, Europe, Taiwan, and UAE, focusing on building a DaaS business model and a global partner network [5] Acquisition Strategy - ZenaTech has announced an offer to acquire a Florida land survey engineering firm, which would enhance its DaaS presence in the rapidly growing Florida market [1] - This acquisition would be the fourth in the Southeast region and the fifth nationally, indicating a strategic expansion in the land survey sector [1] Market Growth - The global drone survey market is experiencing significant growth, projected at over 19% annually, which ZenaTech aims to leverage for building a scalable, recurring revenue business [2] - Accurate land surveys are crucial for various construction and legal projects, and the use of drones is revolutionizing the industry by significantly reducing the time required for data collection [2] DaaS Business Model - The DaaS model allows customers to access drone technology solutions on a subscription or pay-per-use basis, eliminating the need for purchasing and maintaining expensive drone hardware [3][4] - This model provides convenience and scalability for businesses and government customers, enabling them to utilize advanced drone technology without upfront costs [4] Product Offerings - ZenaDrone, a subsidiary of ZenaTech, develops autonomous drone solutions that incorporate machine learning, AI, and Quantum Computing for various applications, including agriculture and defense [6] - The ZenaDrone 1000 and IQ Nano drones are examples of products designed for crop management and inventory management, respectively, showcasing the versatility of ZenaTech's offerings [6]
Tonner Drones CEO increases his stake to 13% and completes debt restructuring
Globenewswire· 2025-05-16 06:15
Core Insights - Tonner Drones' CEO, Diede van den Ouden, has increased his stake in the company to 13% by converting warrants into shares, which also led to a reduction in the company's debt [1][2] - The company has successfully completed a debt restructuring process, simplifying its debt structure to two main products: a €3 million bond with 3% interest and a €1.5 million shareholder loan with 5% interest [2][3] - The CEO expressed confidence in the company's future and encouraged other shareholders to participate in the upcoming shareholders' meeting to achieve quorum [3] Company Overview - Tonner Drones specializes in developing technologies for the logistics sector and holds stakes in promising French drone manufacturers such as Elistair and Donecle [4] - The company's strategy focuses on increasing the value of its shareholdings through active asset management and generating additional revenues from royalties on patents [4] - Tonner Drones does not plan to own a factory but aims to retain research and development activities in France [4]
ZenaTech Reports Nearly Double Revenue Year-Over-Year for the First Quarter of 2025
Globenewswire· 2025-05-15 11:30
Core Insights - ZenaTech, Inc. reported a strong financial performance in Q1 2025, with revenues nearly doubling, up 92% to $1.13 million compared to $591,379 in Q1 2024, driven by acquisitions and organic growth in software and drone segments [3][6] - The company launched its Drone as a Service (DaaS) business segment, aiming for a national and global presence [3][4] - ZenaTech is focused on long-term growth investments, which led to an increase in general and administrative expenses to $5.75 million in Q1 2025 from approximately $0.7 million in Q1 2024 [6] Financial Performance - Total revenues for Q1 2025 reached $1.13 million, a 92% increase from $591,379 in Q1 2024 [6] - General and administrative expenses rose to $5.75 million in Q1 2025, primarily due to investments in sales and marketing, new hires, and professional services [6] Business Development - The DaaS segment grew through the acquisition of two land survey drone servicing companies, Weddle Surveying and KJM Land Surveying, and five additional Letters of Intent for acquisitions were signed during the quarter [6] - ZenaTech acquired Othership, a UK workplace management software company, to enhance its enterprise SaaS offerings [6] Product Development - ZenaDrone finalized the third-generation design of the ZenaDrone 1000 and moved the IQ Square drone from prototype to manufacturing [6] - The company is developing a heavy-lift gas-powered ZD 1000 model for US defense applications and has commenced testing on a new high-density drone battery and proprietary communications system [6] Strategic Positioning - ZenaTech aims to disrupt legacy businesses, such as land surveys, through its DaaS model and has a pipeline of over 20 acquisitions planned for the next 12 months [4] - The company is preparing for Green UAS and Blue UAS certification to sell to the US Military and is implementing necessary cybersecurity practices [6]
Red Cat Expands Maritime Domain Capabilities with Battle-Tested Unmanned Surface Vessels
Globenewswire· 2025-05-14 10:30
Core Insights - Red Cat Holdings, Inc. is expanding its multi-domain capabilities by entering the unmanned surface vessel (USV) market, responding to the growing global demand for autonomous platforms [1][2][3] - The strategic partnership with a leading USV manufacturer enhances Red Cat's position in the maritime autonomy sector, aligning with U.S. defense priorities amid rising geopolitical tensions [2][3][4] Company Developments - Red Cat's new line of USVs is designed for both autonomous operation and manned-unmanned teaming (MUM-T), with over 10,000 hours of operational time in live combat missions [4][5] - The company plans to start production of a seven-meter Expeditionary Multi-Role Craft in Q3, which is tailored for high-speed, long-range maritime operations [5][6] - The USVs are built for larger payloads, extended endurance, and increased firepower, making them suitable for various military operations [5][6] Industry Context - The entry into the maritime domain is a direct response to the U.S. and its allies' need for advanced defense solutions to counter rising maritime threats, particularly in the Indo-Pacific region [2][3] - Red Cat aims to provide American-manufactured solutions that meet the urgent operational needs of U.S. and allied naval forces [2][3] - The company is positioned to shape the future of autonomous warfare and strengthen U.S. defense manufacturing through its innovative USV offerings [3][4]