VANCOUVER, British Columbia, July 01, 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, today announces its ZenaDrone subsidiary has submitted the Green UAS (Unmanned Aerial Systems) application for the IQ Nano drone enabling it to be added to the pre-approved procurement list for US Defense and government buyers. In ...

Core Viewpoint - A class action lawsuit has been filed against Red Cat Holdings, Inc. for allegedly misleading investors regarding its production capacity and the value of its contracts, particularly the U.S. Army's Short Range Reconnaissance Program [1][2][3] Allegations - The complaint states that Red Cat Holdings overstated the production capacity of its Salt Lake City Facility and the overall value of the SRR Contract [2] - Kerrisdale Capital's report claims the SRR Contract is valued between $20 million and $25 million, contrary to Red Cat's representations [3] - Following the report, Red Cat's stock price dropped by $2.35 per share, or 21.54%, closing at $8.56 on January 17, 2025 [3] Class Action Participation - Shareholders interested in serving as lead plaintiffs have until July 22, 2025, to apply for this status [4] - Participation in the class action is not required to be eligible for recovery, allowing shareholders to remain absent class members if they choose [4] Company Background - Robbins LLP is noted for its focus on shareholder rights litigation, aiming to help shareholders recover losses and improve corporate governance [5]

Core Viewpoint - Red Cat Holdings, Inc. is facing a class action lawsuit due to alleged misleading statements regarding its production capacity and the value of its contracts, leading to significant stock price declines during the class period from March 18, 2022, to January 15, 2025 [1][3][4][5][6]. Group 1: Company Operations and Financial Performance - Red Cat Holdings provides products and solutions for the drone industry, including the "Teal 2" drone designed for nighttime military operations [3]. - The company overstated the production capacity of its Salt Lake City facility, claiming it could produce 1,000 drones per month, while it was only capable of producing 100 drones per month at the time of disclosure [4]. - In the first quarter of fiscal year 2025, Red Cat reported a loss of $0.17 per share, missing expectations, and generated $2.8 million in revenue, falling short by $1.07 million [5]. - The company paused manufacturing of the Teal 2 and delayed prototype builds for the U.S. Army, which directly impacted sales [5]. Group 2: Stock Price Impact - Following the disclosure of the actual production capacity on July 27, 2023, Red Cat's stock price fell nearly 9% [4]. - After the disappointing financial results reported on September 23, 2024, the stock declined over 25% [5]. - A report published by Kerrisdale Capital on January 16, 2025, questioned the feasibility of the SRR contract and led to a stock decline of more than 21% over the following two trading sessions [6].

Environmental Concerns - Mount Everest faces a growing garbage crisis due to human waste, oxygen cylinders, and kitchen leftovers [1][2] - Climate change, with melting snow and ice, exposes decades-old garbage, contaminating water sources [4] - Rising temperatures increase the danger of trash collection due to avalanches and ice block collapses [4] Drone Technology Application - Drones are being used to transport trash from Mount Everest, reducing the burden on Sherpas [2] - Two Chinese DJI drones carried over 280 kg of trash during the past climbing season [2] - Drones operate between base camp and camp 1, withstanding temperatures of -20°C and wind speeds exceeding 40 kilometers per hour [3] Efficiency and Safety - Drones increase the safety and efficiency of cleaning Mount Everest [4] - Drones also carry ropes and ladders up the slope [3]

在被视为未来经济主导领域的人工智能方面，中国已取得多项成功。过去十年间，全球70%的生成式人 工智能相关专利来自中国，据报道全球47%的顶尖人工智能人才源自中国。 在韩国，我们有许多研究美国和日本的专家，但深入研究中国的却少得多——考虑到中国对韩国未来的 重要性，这一现象令人惊讶。当然，理解任何国家都非易事，尤其是中国这样幅员辽阔、情况复杂的国 家。然而，分析中国科技崛起的成因及影响，是韩国为未来做准备的关键。毕竟，中韩两国注定要在高 端制造业领域展开全球竞争。 来源：环球时报 韩国《中央日报》6月27日文章，原题：我们对中国到底了解多少？ 全球范围内，对中国科技能力的认 知正在经历根本性转变，越来越多人意识到中国已崛起为世界级技术和工业产品的生产国。这一认知转 变的主要触发点是近期的"深度求索（DeepSeek）震撼"。尽管受美国出口管制影响无法获取尖端半导 体，这家中国小型人工智能研究公司仍成功开发出可与OpenAI等科技巨头媲美的大型语言模型。 这一成功并非孤例。甚至在DeepSeek取得突破前，已有大量证据显示中国科技水平已达全球领先标 准。例如在无人机领域，中国企业大疆占据全球70%以上市场份额；中 ...

Core Viewpoint - Faruqi & Faruqi, LLP is investigating potential claims against Red Cat Holdings, Inc. due to allegations of misleading statements regarding the company's production capacity and contract values, which have led to significant investor losses [2][4][12]. Group 1: Company Overview - Red Cat Holdings, Inc. (NASDAQ: RCAT) is involved in the production of small unmanned aerial systems (sUAS) for military applications, specifically under the U.S. Army's Short Range Reconnaissance Program [5][11]. - The company announced in March 2022 that it was selected to compete in the U.S. Army's SRR Program, which is aimed at providing portable sUAS to Army platoons [5]. Group 2: Allegations and Misleading Statements - The complaint against Red Cat alleges that the company overstated the production capacity of its Salt Lake City facility and the overall value of the SRR Contract, leading to materially false and misleading public statements [4][6]. - During a conference call on July 27, 2023, Red Cat revealed that the Salt Lake City facility could only produce 100 drones per month, contrary to earlier claims of thousands, and that the facility was still under construction [7]. - Following these disclosures, Red Cat's stock price fell by 8.93% to close at $1.02 per share on July 28, 2023 [8]. Group 3: Financial Performance and Stock Impact - In the first quarter of fiscal year 2025, Red Cat reported losses per share of $0.17, missing consensus estimates by $0.09, and revenue of $2.8 million, missing estimates by $1.07 million [9]. - After announcing a pause in manufacturing due to retooling the Salt Lake City facility, Red Cat's stock price dropped by 25.32% over two trading sessions, closing at $2.36 per share on September 25, 2024 [10]. - A report published by Kerrisdale Capital on January 16, 2025, alleged that the SRR Contract was worth only $20 million to $25 million, significantly lower than previously stated, leading to a further stock price decline of 21.54% [12][13]. Group 4: Legal Proceedings - Investors who suffered losses exceeding $50,000 in Red Cat between March 18, 2022, and January 15, 2025, are encouraged to contact Faruqi & Faruqi to discuss their legal options [1][2]. - The deadline to seek the role of lead plaintiff in the federal securities class action against Red Cat is July 21, 2025 [2].

Group 1 - The 2025 Summer Davos Forum in Tianjin gathered over 1,700 global elites from more than 90 countries to discuss themes such as "New Era Entrepreneurial Spirit" and "Investment in Humanity and the Earth" [3][4] - The forum highlighted Tianjin's advancements in hard technology, showcasing local innovations like drone supply stations and non-invasive brain-machine interaction devices [4][5] - The integration of AI in traditional industries is emphasized, with AI systems significantly enhancing production efficiency, potentially increasing new material research efficiency by 100 to 1,000 times [7][8] Group 2 - Tianjin's role has evolved from a passive listener in the first Summer Davos in 2007 to an active participant in global economic governance, with topics like "New Type Innovation Zones" being included in the global agenda [5][9] - The city is focusing on high-quality development, with a projected GDP growth of 5.1% in 2024 and an 8.9% increase in high-tech manufacturing value added [9][11] - Companies like Haier are leveraging Tianjin's favorable business environment to enhance global collaboration, aiming to position Tianjin as a core node in the Beijing-Tianjin-Hebei integration [11][12]

VANCOUVER, British Columbia, June 26, 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, announces it has signed an offer to acquire a well-established North Carolina-based land surveying company with a strong government customer base. The proposed acquisition expands operations in the state when combined with a previously announced proposed land surve ...

Core Insights - AeroVironment (NASDAQ:AVAV) experienced a stock surge of over 20% following stronger-than-anticipated Q4 results, with adjusted earnings of $1.61 per share and sales of $275 million, exceeding consensus forecasts [3] - The demand for drones, particularly from the U.S. Department of Defense, is projected to remain strong due to benefits such as quicker deployment and reduced costs [4] - AeroVironment's acquisition of BlueHalo for $4.1 billion significantly enhances its product lineup and market position [5] Financial Performance - AeroVironment's revenues grew by 5.2% from $706 million to $743 million in the last 12 months, compared to a growth of 5.5% for the S&P 500 [15] - The company reported a quarterly revenue drop of 10.2% to $168 million from $187 million a year prior, while the S&P 500 saw a 4.8% improvement [15] - Operating income over the previous four quarters was $33 million, yielding a low operating margin of 4.4% [15] Valuation Metrics - AeroVironment has a price-to-sales (P/S) ratio of 7.3 compared to 3.1 for the S&P 500, and a price-to-earnings (P/E) ratio of 164.3 against the benchmark's 26.9 [9] - The company's balance sheet appears solid, with a debt figure of $59 million and a market capitalization of $6.6 billion, resulting in a low debt-to-equity ratio of 1.1% [15] Market Resilience - AVAV stock has performed significantly worse than the S&P 500 during recent downturns, indicating extremely weak downturn resilience [12][16] - The stock has experienced substantial fluctuations, including a 61.0% decrease from a high of $137.94 in February 2021 to $53.78 in January 2022, compared to a 25.4% decline for the S&P 500 [16] Overall Assessment - AeroVironment's performance across key financial metrics is summarized as very weak, with neutral growth and financial stability, but extremely weak profitability and downturn resilience [16]

Core Insights - CADDXFPV is a leading player in the FPV drone technology and video transmission systems sector, established in 2017 in Shenzhen, China, and has focused on technological advancements since its inception [1] Group 1: Company Development and Achievements - CADDXFPV has developed a global R&D network with over 100 team members, 80% of whom are from prestigious universities, enhancing its technological capabilities [2] - The company has achieved significant milestones, including partnerships with the Drone Racing Association in 2018 and the co-launch of the Vista system with DJI in 2019, which garnered global recognition [3][4] - CADDXFPV has consistently invested in global racing events for six years (2019-2024), refining its technology in extreme scenarios and ensuring high performance in key metrics like stability and latency [4] Group 2: Product and Technology Innovations - The company has established a comprehensive industrial chain matrix that includes digital video transmission systems, intelligent imaging, and complete drone solutions, catering to various applications from racing to industrial inspection [5] - Notable products include the CADDX Vista, which offers low latency and HD transmission, and the Walksnail Avatar, featuring advanced specifications such as 1080P/60FPS resolution and a transmission range of 10-50 km [6][7] - CADDXFPV's imaging solutions, such as the Ratel Camera and Infra Series, are designed for diverse environments, enhancing capabilities in low-light and security applications [9][10] Group 3: Market Position and Future Outlook - The global FPV sector is valued at $450 million in 2023 and is projected to reach $1.206 billion by 2030, indicating significant growth potential [13] - CADDXFPV differentiates itself from competitors like DJI by focusing on a full industrial chain layout, deep engagement in racing events, and addressing niche market needs [13] - The company is evolving from a product manufacturer to a tech ecosystem builder, aiming to transform FPV from a sport into a lifestyle through initiatives like the "Fly Valley" [14]