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ZenaTech Announces the Acquisition of Tucson-based Putt Land Surveying Inc., and Acceleration of Drone as a Service (DaaS) Growth in the Phoenix Area and Across Arizona
Globenewswire· 2025-10-09 12:15
Core Insights - ZenaTech, Inc. has completed the acquisition of Putt Land Surveying, Inc., enhancing its Drone as a Service (DaaS) business and expanding operations in Arizona [1][2][4] Company Overview - ZenaTech specializes in AI drones, DaaS, Enterprise SaaS, and Quantum Computing solutions for business and government applications [5] - The company has been growing its drone design and manufacturing capabilities since 2017, focusing on improving operational efficiencies and cost savings for various sectors [5][6] Acquisition Details - The acquisition of Putt Land Surveying marks ZenaTech's eleventh acquisition aimed at establishing 25 DaaS locations by the end of Q2 2026 [4] - Putt Land Surveying has over 40 years of experience and a strong client base, including the City of Tucson and various school districts [2][4] Strategic Goals - The acquisition is expected to strengthen ZenaTech's growth trajectory in Phoenix, with plans to hire additional land survey staff and establish a drone manufacturing facility [2][3] - The DaaS model allows customers to access drone-based services on a pay-per-use or subscription basis, eliminating the need for capital investment in drones and associated costs [4] Market Position - ZenaTech aims to innovate traditional service businesses by integrating drone technology, targeting established and profitable companies for acquisition [4] - The company operates globally with offices in North America, Europe, Taiwan, and the UAE, focusing on expanding its DaaS business through strategic acquisitions [5]
ZenaTech Signs Offer to Acquire Colorado Land Surveying Firm, Expanding National Drone as a Service (DaaS) Business into a $36 Billion US Surveying and Mapping Market
Globenewswire· 2025-09-25 12:00
Company Overview - ZenaTech, Inc. specializes in AI drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, and is expanding its national presence through acquisitions [1][4] - The company has completed ten acquisitions and aims to establish 25 DaaS locations by mid-2026, providing flexible on-demand access to drone-based services [3] Acquisition Details - ZenaTech has signed an offer to acquire a Colorado-based land surveying firm, marking its first DaaS location in the Central West US region [1][2] - The acquired firm has a strong reputation in surveying services, which includes various types of land surveys and drone aerial topographic surveys across multiple Colorado counties [1][2] Market Insights - The US land surveying and mapping services market was valued at approximately USD 36.42 billion in 2024 and is projected to grow to USD 47.46 billion by 2033, indicating a strong demand for technology-enabled survey solutions [2] - Colorado's rapid population growth and increasing demand for infrastructure and renewable energy projects provide a robust platform for ZenaTech's expansion through its DaaS model [2] Strategic Vision - The CEO of ZenaTech emphasized the combination of traditional survey workflows with AI drone technology to enhance data capture speed and accuracy, aiming to modernize surveying processes and expand into other drone-based services [2] - The company plans to create new recurring revenue streams in a fast-growing market by integrating its technology into various applications, including utilities inspection and precision agriculture [2]
Eco Wave Power and BladeRanger Launch First-Ever Drone-Powered Maintenance for Onshore Wave Energy Systems
Newsfile· 2025-09-16 12:00
Core Insights - Eco Wave Power Global AB is advancing its wave energy technology by partnering with BladeRanger Ltd to enhance maintenance through automated drone solutions [1][4][5] - The collaboration aims to reduce operational costs, minimize downtime, and increase energy output, making wave energy more competitive with other renewable sources [3][5] Company Developments - The partnership was demonstrated at Eco Wave Power's project in Jaffa Port, Israel, where BladeRanger's drones performed cleaning and inspection of the company's floaters [2][3] - Eco Wave Power recently launched its Los Angeles Pilot project on September 9, 2025, marking a significant milestone in its operations [1][4] Financial Implications - Historically, operational costs at Eco Wave Power's sites have reached up to 4% of project CAPEX annually, and the introduction of drone technology is expected to significantly lower these costs [3] - The collaboration with BladeRanger could lead to a long-term strategic partnership, potentially expanding drone technology deployment across Eco Wave Power's global project pipeline [5][10] Industry Context - BladeRanger specializes in autonomous drone solutions for cleaning and maintenance in renewable energy sectors, and is now expanding its services to wave energy [7][8] - Eco Wave Power is recognized for its innovative approach to wave energy, having developed Israel's first grid-connected wave energy power station and is actively expanding its project pipeline globally [9][10]
Volatus Aerospace Secures Major Multi-Year Agreement with a Leading North American Power Utility to Provide Drone-Based Services
Globenewswire· 2025-09-16 10:00
Core Insights - Volatus Aerospace Inc. has entered into a multi-year agreement with a major North American electricity utility to provide remotely piloted aircraft system (RPAS) inspection, mapping, and data services across approximately 100,000 miles of transmission and distribution lines, effective until August 2028 with a potential two-year extension [1][2] - The contract is expected to generate revenues of CAD $15 million over its duration, with margins consistent with the company's typical contracts [2] - The agreement highlights the growing importance of drones in utility asset management, providing Volatus with recurring opportunities to deliver scalable value [3] Company Overview - Volatus Aerospace is recognized as a leader in innovative aerial solutions for intelligence and cargo, leveraging over 100 years of combined aviation expertise to enhance operational efficiency, safety, and sustainability [5] - The company has a proven track record in delivering drone services for utilities and infrastructure clients across North America, supported by its remote Operations Center in Vaughan, Ontario [3] Industry Context - The global drone inspection and monitoring market is projected to grow from USD $11.6 billion in 2022 to USD $23.0 billion by 2027, reflecting a compound annual growth rate of 14.6%, driven by the demand for safer and more efficient inspection methods in utilities, energy, and infrastructure sectors [4] - Regulatory and reliability standards necessitate ongoing inspection of energy assets, creating a consistent demand for aerial inspection services [4]
Volatus Aerospace Secures Approval from Transport Canada to Launch Scalable Automated Drone Services in Canada and Provides Corporate Update
Globenewswire· 2025-09-03 11:30
Core Viewpoint - Volatus Aerospace has received a Special Flight Operations Certificate (SFOC) from Transport Canada, allowing the company to conduct more complex Beyond Visual Line of Sight (BVLOS) operations using advanced radar technology from MatrixSpace integrated with Kongsberg Geospatial's IRIS Terminal platform [1][2]. Company Developments - The SFOC enables Volatus to scale BVLOS operations into applications such as automated drone-in-a-box networks and autonomous services, which require reliable detect-and-avoid capabilities [2][4]. - Volatus already holds nationwide SFOCs for various BVLOS operations, including low-risk airspace and nighttime missions, which positions the company favorably in the regulatory landscape [4]. - The integration of MatrixSpace's compact radar technology with Kongsberg's airspace management software enhances Volatus' operational capabilities and competitive position in the market [6][10]. Market Insights - The global drone-in-a-box market was valued at over US$1 billion in 2024 and is projected to grow to between US$5 billion and US$9 billion by the early 2030s, indicating an annual growth rate of approximately 20-23% [3]. - This growth reflects the commercial potential for scalable, subscription-based drone services, which Volatus aims to capitalize on through its new BVLOS capabilities [3]. Strategic Partnerships - Volatus has formed strategic partnerships with Kongsberg Geospatial and MatrixSpace, combining their technologies to create a deployable ecosystem for safe and repeatable drone operations [6][10]. - Kongsberg's IRIS Terminal platform integrates various sensor feeds for real-time airspace awareness, while MatrixSpace's radar technology is designed for scalable autonomous deployments [7][9]. Corporate Update - Volatus has entered into a consulting agreement with Think Ink Marketing Data & Email Services to enhance investor relations and digital marketing efforts for a period of 12 months [11][12]. - The company will compensate Think Ink US$125,000 for their services, which include advertising and social media coverage to increase market awareness [13].
ZenaTech Acquires Cardinal Civil Resources, a Virginia-Based Land Surveying and Engineering Firm Serving Three States and Large Customers Including US Department of Transportation
GlobeNewswire News Room· 2025-08-07 12:30
Core Viewpoint - ZenaTech, Inc. has completed its eighth and largest acquisition of Cardinal Civil Resources, enhancing its Drone as a Service (DaaS) capabilities and expanding its footprint in the Southeast region of the United States, aligning with new regulatory changes in the drone industry [1][4]. Company Overview - ZenaTech specializes in AI-powered drones, DaaS, Enterprise SaaS, and Quantum Computing solutions, aiming to innovate and improve operational efficiencies in various sectors [6][9]. - The company has established a goal of acquiring and establishing 25 DaaS locations nationwide by mid-next year, having completed eight acquisitions to date [5]. Acquisition Details - The acquisition of Cardinal Civil Resources, a reputable land surveying and engineering firm, strengthens ZenaTech's relationships with major clients, including the US Department of Transportation [1][2]. - Cardinal Civil Resources has a strong portfolio, serving federal and state agencies, municipalities, and prominent commercial clients, which enhances ZenaTech's market position [2][7]. Strategic Timing - The acquisition coincides with the proposed BVLOS (Beyond Visual Line of Sight) rule by US Transportation Secretary Sean Duffy, which aims to streamline drone operations and expand their commercial use [4][5]. - This regulatory change is expected to unlock wider drone applications for government land and road projects, positioning ZenaTech favorably in the market [4]. Market Positioning - ZenaTech's DaaS model offers flexible, on-demand access to drone services, eliminating the need for customers to invest in drone hardware and software, thereby creating recurring revenue opportunities [5][8]. - The company is focused on acquiring land survey engineering firms and other innovative businesses to enhance its scalable, tech-enabled multiservice drone operations [5].
Safe Pro to Capitalize on Landmark Proposed FAA Rules Normalizing Drone Operations Utilizing Beyond Visual Line of Sight with Expanded AI-Powered Drone Services
Globenewswire· 2025-08-06 12:07
Core Insights - The FAA's proposed rules for normalizing Beyond Visual Line of Sight (BVLOS) operations are expected to significantly enhance the deployment of drone applications across various sectors, particularly benefiting Safe Pro Group Inc. and its AI technology [1][5]. Company Overview - Safe Pro Group Inc. is a leader in AI-powered defense and security solutions, focusing on enhancing situational awareness and critical information access for customers in defense, humanitarian aid, law enforcement, and commercial markets [4][9]. - The company operates a fleet of advanced drone platforms for both routine operations and disaster response, positioning itself as a key player in climate resilience and emergency management [6]. Industry Impact - The normalization of BVLOS operations is projected to unlock transformative drone applications in sectors such as agriculture, energy, public safety, emergency response, infrastructure inspection, and logistics [3][5]. - The drone services market was valued at approximately $8.66 billion in 2025 and is anticipated to grow at a CAGR of 14.3%, reaching around $32.96 billion by 2035 [3]. Technological Advancements - Safe Pro's patented AI-powered computer vision technology is capable of rapidly analyzing drone imagery to detect small objects, with proven applications in identifying landmines and unexploded ordnance [7]. - The company’s Safe Pro Object Threat Detection (SPOTD) technology has been battle-tested in Ukraine, analyzing over 1.66 million drone images and identifying more than 28,000 threats across a significant area [7]. Future Prospects - The proposed FAA rules aim to provide greater operational flexibility for drone operators and manufacturers, which is expected to drive rapid growth in the drone services sector and support the development of new AI-powered drone services [5][6].
ZenaTech Closes a Seventh Drone as a Service (DaaS) Acquisition in North Carolina Expanding its Southeast Region and Government Opportunities
Globenewswire· 2025-08-05 12:15
Core Insights - ZenaTech, Inc. has completed its seventh acquisition in the Drone as a Service (DaaS) sector by acquiring Morgan Surveying, Inc., enhancing its presence in the Southeast region of the U.S. [1][2] - The acquisition aims to strengthen ZenaTech's operations and expand its expertise in government opportunities, particularly at various governmental levels [2][3] - ZenaTech's goal is to establish 25 DaaS locations nationwide by mid-next year, with a focus on providing flexible, on-demand drone services [3] Company Overview - ZenaTech specializes in AI-powered drones, DaaS, enterprise SaaS, and Quantum Computing solutions, targeting mission-critical business applications [4] - The company has been innovating in drone design and manufacturing since 2017, focusing on improving operational efficiencies across various sectors including agriculture, defense, and logistics [4][5] - ZenaTech operates globally with offices in North America, Europe, Taiwan, and the UAE, and is actively growing its DaaS business in the U.S. [4] Acquisition Details - Morgan Surveying offers a comprehensive range of land surveying services and has a strong portfolio of municipal, county, and private sector clients, making it a strategic fit for ZenaTech's DaaS platform [2][3] - The acquisition supports ZenaTech's mission to deliver precise and scalable drone-powered insights across multiple industries, from construction to conservation [2][3] Future Plans - ZenaTech is focused on acquiring land survey engineering companies and other businesses that are ripe for innovation to advance its vision for a scalable, tech-enabled multiservice drone business [3] - The DaaS model eliminates the need for customers to invest in drone hardware and software, pilots, maintenance, or regulatory compliance, thereby providing a cost-effective solution [3]
Volatus Aerospace Supports J.D. Irving, Limited’s Vision for Drone-Powered Tree Planting in New Brunswick
Globenewswire· 2025-06-23 13:05
Core Viewpoint - Volatus Aerospace Corp. has entered a strategic collaboration with J.D. Irving, Limited to enhance tree planting operations in New Brunswick using advanced drone technology, aiming to improve efficiency and environmental impact in forestry management [1][3]. Company Overview - Volatus Aerospace is a leading provider of integrated aerial intelligence and logistics solutions, serving various industries including public safety, healthcare, energy, agriculture, and environmental management [6]. - J.D. Irving, Limited is a private, family-owned company with a strong commitment to sustainable forestry practices, having planted over 1.1 billion trees since 1957 and being one of North America's largest private landowners [9]. Project Details - The collaboration will utilize a heavy-lift Remotely Piloted Aircraft System (RPAS) to transport seedlings and supplies to planting crews in remote areas, coordinated from Volatus' Operations Control Centre in Vaughan, Ontario [2][8]. - The project aims to address the need for over 5.3 billion seedlings to restore 15% of forests damaged by recent wildfires, highlighting the growing demand for tree planting services [3]. Market Potential - The global tree planting services market is projected to grow from $7.2 billion in 2023 to $12.5 billion by 2031, positioning Canada and drone logistics technologies as key players in this expansion [3]. Technological Innovation - Drone-based seedling delivery offers a scalable and low-cost solution for tree planting, leveraging AI, automation, and remote sensing to minimize environmental impact while enhancing operational efficiency [4].
Volatus Aerospace Announces Broad National Expansion of Drone Operating Authorities Across Canada, Unlocking Scalable, High-Value Aerial Operations
Globenewswire· 2025-05-27 10:30
Core Viewpoint - Volatus Aerospace Inc. has received expanded Special Flight Operations Certificates (SFOC) from Transport Canada, significantly enhancing its commercial drone operations across Canada, allowing for more flexible and scalable services [1][2][10]. Expanded Nationwide Drone Operating Authorities - The newly amended SFOC allows for Canada-wide BVLOS (Beyond Visual Line of Sight) operations for small drones (250g to 25kg) both day and night in uncontrolled airspace, expanding previous nighttime BVLOS authority [2][10]. Proximity Flight Near Infrastructure - Volatus is now permitted to operate RPAS beyond visual line-of-sight within 100 feet vertically and 200 feet horizontally of structures, facilitating close-proximity inspections and surveillance [3][10]. Access to Restricted and Controlled Airspace - The company has gained approval to operate within Class F restricted airspace and NOTAM-defined zones, enabling operations in complex environments [4][10]. Operations in Northern Domestic Airspace - Clearance for BVLOS drone operations at altitudes up to 400 feet AGL in Northern Domestic Airspace supports various missions, including environmental monitoring and cargo delivery [5][10]. BVLOS Operations Without Visual Observers - Specific authorization allows for BVLOS operations without the need for a pilot or observer to maintain visual contact, utilizing accepted detect-and-avoid technologies [6][10]. Support for Remote and Automated Systems - The new regulations enable integration with automated drone operations, including drone-in-a-box solutions, enhancing scalability and commercial viability [7][10]. Regulatory Momentum with Commercial Impact - The expanded BVLOS capabilities and heavy-lift operations position Volatus to serve critical sectors such as cargo logistics, energy monitoring, and public safety, including wildfire response [8][9][10]. Leadership Position in Drone Economy - Volatus is among a select group of operators authorized to conduct complex drone operations at the highest safety assurance level (SAIL 4), allowing for safe and compliant services in critical sectors [11][12]. Building on a Growing Portfolio of Regulatory Approvals - The new authorizations build on previous BVLOS authorities, creating a robust regulatory framework that positions Volatus as a leader in scalable drone services in Canada [10][12]. About Volatus Aerospace - Volatus Aerospace specializes in innovative aerial solutions for intelligence and cargo, serving various industries including healthcare, utilities, and public safety, with a focus on enhancing operational efficiency and safety [13][14].