Drone as a Service (DaaS)

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ZenaTech Signs Agreements to Acquire Two Florida Companies, Expanding Drone as a Service Footprint into Aviation, Defense, and Power Washing
Globenewswire· 2025-08-21 12:30
Core Insights - ZenaTech, Inc. has signed offers to acquire two Florida-based companies to expand its US Drone as a Service (DaaS) services, targeting drone-based power washing and new aviation, defense, government, and commercial customers [1][4] - The acquisitions are expected to unlock significant revenue potential and diversify ZenaTech's operations across the Southeast region and nationally [1][4] Acquisition Details - One acquisition involves a Florida-based power wash services company, marking ZenaTech's entry into the power washing sector, which is anticipated to grow due to increasing fleet sizes and stricter safety standards [2] - The second acquisition is a land surveying firm with over 30 years of experience, which will enhance ZenaTech's DaaS presence and expand drone services in construction and real estate [3] Strategic Vision - ZenaTech's CEO emphasized the strategic importance of expanding into aviation and defense, aiming to set new standards for safety, sustainability, and efficiency in aviation maintenance through autonomous drone technology [4] - The company has completed eight US acquisitions and aims to establish 25 DaaS locations across the US by mid-2026, focusing on providing flexible, on-demand access to drone services [4][5] Business Model and Market Position - ZenaTech's DaaS model eliminates the need for clients to invest in drone hardware and software, addressing maintenance, regulatory compliance, and pilot sourcing challenges [4] - The company targets established land survey engineering firms and other traditional service businesses that are suitable for drone innovation, aiming to create a scalable, tech-enabled multiservice drone business [5] Company Overview - ZenaTech specializes in AI drones, DaaS, enterprise SaaS, and Quantum Computing solutions, leveraging its software development expertise to enhance customer operations across various sectors [6] - The company operates globally with offices in North America, Europe, Taiwan, and the UAE, and is focused on growing its US DaaS business through strategic acquisitions [6]
ZenaTech Reports Over 500% Increase in Year-Over-Year Revenue for Second Quarter of 2025 and Over 250% Increase in Revenue for the First Six Months of Year
Globenewswire· 2025-08-12 11:30
Core Insights - ZenaTech, Inc. reported a transformative second quarter in 2025, achieving a 500% year-over-year revenue increase and a 250% revenue increase for the first half of the year compared to the same period last year [1][6][9] Financial Overview - Record revenue for Q2 2025 reached $2.24 million, a 503% increase from $371,049 in Q2 2024 [6] - Revenue for the first half of 2025 was $3.38 million, up 251% from $962,428 for the same period in 2024 [6] - Drone as a Service (DaaS) contributed $1.98 million in revenue for the first half, alongside $1.39 million from enterprise SaaS [6] - Cash reserves increased to $10.29 million as of June 30, 2025, up from $3.75 million at year-end 2024 [6] - Total assets grew to $52.94 million from $34.65 million at December 31, 2024, reflecting the impact of acquisitions and technology investments [7] Operational Highlights - The company completed six acquisitions in the US land surveying and engineering sector, creating a nationwide platform for drone-powered solutions [6][7] - ZenaTech launched Zena AI, a specialized AI development center for defense applications, and submitted applications for Green UAS certification for its drones [4][6] - The company is expanding its manufacturing capabilities in the US to meet growing demand, including plans to triple its facility size in Phoenix [13] Market Position and Outlook - ZenaTech is well-positioned to expand its range of drone services in the US and globally, with a strong platform for long-term growth [9] - The demand for drone technology and software solutions is rapidly increasing, supported by new government policy directives in the US [9] - The company aims to achieve sustainable profitability as drone adoption accelerates globally, with a pipeline of target acquisitions to reach a total of 25 DaaS-related companies by mid-2026 [13]
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]
ZenaTech to Accelerate ZenaDrone Manufacturing for US Defense and Commercial Drones Following Recent One Big Beautiful Bill, Executive Orders, and Secretary of Defense Policy Directives
Globenewswire· 2025-07-15 12:00
Company Overview - ZenaTech, Inc. specializes in AI drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, focusing on business technology [7] - The company has been operational since 2017 and has developed capabilities in drone design and manufacturing through its subsidiary, ZenaDrone [9] Expansion Plans - ZenaTech plans to accelerate the expansion of its facilities in Phoenix, Arizona, tripling the square footage to enable full US drone manufacturing, assembly, and testing [1] - This expansion is prompted by recent US policy changes that facilitate domestic production and fast-track deployment to military units [1][2] Market Opportunities - New US directives simplify and expedite the process for American drone companies to sell directly to the military, particularly for Group 1 and 2 affordable drone systems [2] - The reforms are expected to enhance ZenaTech's ability to innovate and scale production to meet urgent defense needs without traditional procurement delays [3] Product Offerings - ZenaTech's product portfolio includes the ZenaDrone 1000, a medium-sized VTOL drone designed for various applications including defense and commercial inspections [4] - The company also offers the IQ Square and IQ Nano drones, designed for outdoor inspections and indoor operations, respectively [5] Business Model - ZenaTech operates a DaaS model, providing fully managed drone operations that include hardware, software, pilots, maintenance, data collection, and analytics [6] - This model offers flexibility and scalability for government, defense, and commercial users [6]
ZenaTech Poised to Benefit from Historic US Defense Spending─$33 Billion for Drone and Autonomy Investments in ‘One Big Beautiful Bill’
GlobeNewswire· 2025-07-08 12:00
Core Insights - ZenaTech anticipates significant benefits from the One Big Beautiful Bill Act, which includes $33 billion in direct spending for advanced drones and autonomous systems, marking the largest investment in next-generation technologies to date [1][2] - The legislation is viewed as a generational opportunity for US companies in advanced defense manufacturing and drone innovation, providing a catalyst for ZenaTech's long-term strategy [2] Financial Implications - The bill includes over $150 billion in new defense spending and restores vital tax and R&D incentives, enhancing ZenaTech's financial position through R&D expensing and bonus depreciation [1][2] - Full R&D expensing allows ZenaTech to recover prior-year expenses and reinvest in emerging technologies, while 100% bonus depreciation through 2029 improves capital efficiency [4] Market Opportunities - ZenaTech plans to pursue new defense procurement channels opened by the bill, including $13.5 billion dedicated to drone and autonomy funding and $16 billion for military innovation initiatives [4] - The company aims to qualify for Green UAS and Blue UAS certifications for its drone products, enhancing their suitability for federal and defense agency use [4] Product Offerings - ZenaTech's drone portfolio includes the ZenaDrone 1000, designed for ISR applications, the IQ Square for land surveys, and the IQ Nano for indoor operations, all equipped with AI capabilities [5][7] - The company's Drone as a Service (DaaS) model is tailored for US defense and government agencies, facilitating procurement and deployment of AI-powered drone solutions [5] Company Overview - ZenaTech specializes in AI drones, DaaS, enterprise SaaS, and Quantum Computing solutions, with a focus on improving operational efficiencies across various sectors including defense, agriculture, and logistics [6] - The company operates globally with seven offices and is expanding its US DaaS business model and partner network [6]
ZenaTech Expands Drone as a Service (DaaS) to California with Offer to Acquire an Engineering and Surveying Firm, Tapping into Precision Agriculture and Viticulture Market
GlobeNewswire News Room· 2025-07-02 11:30
Core Insights - ZenaTech, Inc. has signed an offer to acquire a California-based civil engineering and land surveying firm, marking its first proposed transaction in the US West Coast or Southwest region, which is a strategic entry point into California's high-value drone-based precision agriculture market [1][3] - The acquisition is expected to enhance ZenaTech's Drone as a Service (DaaS) operations, particularly in California's wine and agriculture sectors, leveraging advanced drone capabilities for various applications [2][3] - The global agricultural drone market is projected to reach USD 10.3 billion by 2030, with California being a key growth region due to its significant vineyard acreage and agricultural challenges [3] Company Overview - ZenaTech specializes in AI drone technology, DaaS, enterprise SaaS, and Quantum Computing solutions, focusing on mission-critical business applications [6] - The company has successfully closed six acquisitions in the US as part of its DaaS strategy and plans to complete approximately 20 more in the next 12 months [5] - ZenaDrone, a subsidiary of ZenaTech, develops autonomous drone solutions that incorporate machine learning, AI, and other innovations for various sectors including agriculture and defense [7] Business Model - ZenaTech's DaaS model offers reduced costs and convenience for business and government customers, eliminating the need for purchasing drone hardware and managing operations [4] - The model allows for scalability based on business needs, utilizing ZenaDrone's multifunction AI autonomous drones for tasks such as inspections and precision agriculture [4]
ZenaTech Announces Green UAS Application for the IQ Nano Drone to Advance US Defense Opportunities and the Closes Sixth Land Survey Company Acquisition
Globenewswire· 2025-07-01 12:15
Core Insights - ZenaTech, Inc. has submitted the Green UAS application for its IQ Nano drone, aiming for inclusion in the pre-approved procurement list for US Defense and government buyers [1][2] - The company has completed its sixth acquisition of a US land survey company, Empire Land Surveying, to enhance its Drone as a Service (DaaS) rollout [1][3] Group 1: Green UAS Certification - Achieving Green UAS certification is a multi-month process and is essential for government buyers requiring secure, non-Chinese systems [2] - This certification is a precursor to the Blue UAS certification from the Department of Defense, which is necessary for sensitive government and military facilities [2] Group 2: Acquisition Strategy - The acquisition of Empire Land Surveying strengthens ZenaTech's presence in Northwest Florida and expands its capacity for drone-based services [3] - The company plans to complete approximately 20 more acquisitions in the next 12 months as part of its vision for a national DaaS business [6] Group 3: Product Features - The ZenaDrone IQ Nano is a compact AI drone designed for various inspections, featuring integrated sensors, high-quality cameras, and the ability to operate in fleets [4] - The drone weighs approximately 1.5 kg and has a flight time of at least 20 minutes, designed for stability and safety with obstacle avoidance capabilities [4] Group 4: DaaS Business Model - The DaaS model allows business and government customers to access drone services on a subscription or pay-per-use basis, eliminating the need for ownership and maintenance [5] - This model is aimed at transforming legacy tasks and processes across various sectors, including land surveying and inventory management [6] Group 5: Company Overview - ZenaTech specializes in AI drones, DaaS, enterprise SaaS, and Quantum Computing solutions, serving sectors such as law enforcement, health, government, and industrial applications [7] - The company operates through seven global offices and is expanding its DaaS business model and partner network [7]
ZenaTech Signs Offer to Acquire North Carolina Land Surveying Company to Expand State Operations and Government Customers
Globenewswire· 2025-06-26 12:00
Core Insights - ZenaTech, Inc. has signed an offer to acquire a North Carolina-based land surveying company, enhancing its operations in the Southeast US and expanding its government customer base [1][2] - The acquisition aligns with ZenaTech's strategy to build a scalable Drone as a Service (DaaS) business, integrating AI-powered drone technology into land survey workflows [2][3] - ZenaTech has completed five acquisitions in the US and plans to execute 20 more acquisitions within the next 12 months as part of its DaaS strategy [4] Company Overview - ZenaTech specializes in AI drone technology, DaaS, enterprise SaaS, and Quantum Computing solutions, aiming to improve operational efficiencies across various sectors [5] - The company operates globally with seven offices in North America, Europe, Taiwan, and the UAE, focusing on a growing DaaS business model and partner network [5] - ZenaDrone, a subsidiary of ZenaTech, develops autonomous drone solutions for various applications, including agriculture, defense, and logistics [6]
ZenaTech Expands Drone as a Service (DaaS) for Government and Defense, Signing an Offer to Acquire a Virginia-Headquartered Tri-State Land Survey and Engineering Firm Serving Major US Federal Clients
Globenewswire· 2025-06-24 11:45
Core Insights - ZenaTech, Inc. has signed an offer to acquire a Virginia-based land survey and civil engineering firm, marking its first entry into Virginia, North Carolina, and South Carolina, which will accelerate its expansion in the Southeast region of the US [1][2] Company Overview - ZenaTech specializes in AI drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, focusing on mission-critical business applications [4] - The company has been growing its drone design and manufacturing capabilities through its subsidiary, ZenaDrone, since 2017, and operates through seven global offices [4] Acquisition Details - The target company has expertise in serving major US federal government agencies and regional infrastructure programs, holding active contracts with federal and state agencies [2] - This acquisition aligns with ZenaTech's DaaS business model expansion objectives, enhancing its geographic reach and access to a high-value pipeline of projects [2][3] DaaS Business Model - ZenaTech's DaaS model provides reduced costs and convenience for business and government customers, allowing them to utilize drones without the need for purchasing hardware or managing operations [3] - The model supports various applications, including inspections, surveying, maintenance, precision agriculture, and inventory management [3] Product Offerings - ZenaDrone develops autonomous drone solutions that incorporate machine learning, AI, predictive modeling, and Quantum Computing for various applications, including agriculture and defense [5] - Notable products include the ZenaDrone 1000 for crop management, the IQ Nano for inventory management, and the IQ Square for land surveys and inspections [5]
ZenaTech Launches Drone as a Service (DaaS) for US Defense and Government Agencies with New Partnerships
GlobeNewswire News Room· 2025-06-05 12:00
Core Insights - ZenaTech, Inc. has launched a Drone as a Service (DaaS) specifically for US Defense and Government agencies, supported by new partnerships with consulting firms for sales assistance [1][2][3] - The DaaS model allows defense customers to deploy mission-specific drone solutions without the need for capital equipment purchases, enhancing operational agility [3][7] - ZenaTech's drone solutions, including the ZenaDrone 1000 and compact models like IQ Nano and IQ Square, are designed for various military applications, emphasizing advanced technology and modularity [4][5][10] Company Overview - ZenaTech specializes in AI drones, DaaS, enterprise SaaS, and Quantum Computing solutions, aiming to improve operational efficiencies across multiple sectors including defense [8][9] - The company operates globally with offices in North America, Europe, Taiwan, and UAE, and is expanding its DaaS business model and partner network [9] Partnerships and Strategy - ZenaDrone subsidiary has engaged Bromelkamp Government Relations and Winning Strategies Washington for lobbying and defense business development, leveraging their extensive industry experience [2][3] - The partnerships are expected to facilitate relationships with various defense agencies as ZenaTech launches its DaaS service [3] Product Offerings - The ZenaDrone 1000 features a 40 kg payload capacity, 1 hour flight time, and advanced sensors for real-time ISR, making it suitable for tactical operations [4] - The IQ Nano and IQ Square drones are designed for ISR and tactical inspection in complex environments, offering features like obstacle avoidance and extended flight time [5] Compliance and Market Position - ZenaTech is pursuing Green UAS and Blue UAS certifications to meet federal standards, which are essential for participating in Department of Defense contracts [6] - The DaaS model provides customers with reduced upfront costs and operational convenience, aligning with the growing demand for secure aerial solutions in defense [7]