ZenaDrone 1000

Search documents
ZenaTech Signs Offer to Acquire a UK Telecom Sector 3D Design & Modeling Company, Expanding Drone as a Service European Footprint
Globenewswire· 2025-08-26 12:15
Core Insights - ZenaTech, Inc. has signed an offer to acquire a UK-based 3D design and modeling company, marking its first expansion of Drone as a Service (DaaS) into the UK market [1][2] - The acquisition aims to enhance ZenaTech's strategic international footprint in Europe and create new opportunities in the telecommunications and infrastructure sectors [1][2] - The target company specializes in advanced 3D scanning, modeling, and design services for telecom infrastructure, which aligns with ZenaTech's focus on drone-enabled solutions [2][3] Company Strategy - ZenaTech's acquisition strategy focuses on modernizing traditional surveying and inspection businesses by integrating AI drone technology, which is expected to accelerate market adoption and expand the client base [3] - The company has completed eight acquisitions and aims to establish 25 DaaS locations by mid-2026, providing flexible access to advanced drone services for various sectors [4] Market Context - The telecommunications sector is undergoing significant transformation with the modernization of 5G infrastructure, creating opportunities for drone-based solutions to enhance efficiency and safety [2] - ZenaTech's DaaS model eliminates the need for clients to invest in drone hardware and software, making it an attractive option for businesses and government clients [4][5]
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 Unveils New Quantum Computing Division to Accelerate Advanced Drone and Defense Capabilities
Globenewswire· 2025-08-19 12:30
Core Insights - ZenaTech, Inc. has established a new Quantum Computing Division aimed at developing advanced computing solutions for defense and autonomous drone systems [1][3] - The division will focus on quantum innovations for secure communications, navigation without GPS, and AI optimization for drone fleets in defense applications [2][3] Company Overview - ZenaTech specializes in AI drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, serving mission-critical business applications [7] - The company has been operational since 2017, enhancing its drone design and manufacturing capabilities through ZenaDrone, and has a diverse customer base across various sectors including law enforcement, health, government, and agriculture [7] Quantum Computing Division - The Quantum Computing Division will expand its current team from 12 to 20 by year-end, incorporating experts in AI, machine learning, quantum hardware, and computational sciences [3] - The division will also advance two existing Quantum R&D projects: Sky Traffic, which optimizes traffic flows using AI-enabled drones, and Clear Sky, which improves weather forecasts through AI drone swarms [4] Product Offerings - The ZenaDrone 1000 is a medium-sized VTOL drone capable of carrying up to 40kg, designed for various applications including defense, agriculture, and inspections [5] - The drone features AI-enabled autonomy and secure communications, and has undergone paid trials with the US Air Force and Navy Reserve [5] Industry Context - The US Department of Defense is prioritizing advancements in quantum-resistant communications and quantum sensing for drone navigation, aligning with ZenaTech's focus on these areas [2] - Quantum computing is recognized as a transformative technology that can solve complex problems beyond the capabilities of classical computers, enhancing data processing and analysis for drone applications [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 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].
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's ZenaDrone Initiates AUVSI Membership Upgrade, Enabling Leadership on Drone Policy and Strengthening US Defense and Government Engagement
Globenewswire· 2025-07-31 11:30
Core Insights - ZenaTech's subsidiary ZenaDrone has upgraded its membership to the Advocacy level with AUVSI, allowing it to join key committees that influence drone policy and procurement [1][2] - This strategic move is aimed at enhancing ZenaDrone's role in shaping drone policies and deepening relationships with stakeholders in the defense sector [1][2] - The involvement comes at a crucial time as recent government directives are pushing for the adoption of secure, domestically produced drone technologies [3] Company Overview - ZenaTech specializes in AI drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, focusing on mission-critical applications [5] - The company has been expanding its drone design and manufacturing capabilities since 2017, serving sectors such as agriculture, defense, logistics, and land surveying [5][6] - ZenaDrone's product lineup includes the ZenaDrone 1000 for agriculture and defense, the IQ Nano for inventory management, and the IQ Square for land surveying [6] Industry Context - AUVSI, founded in 1972, is the largest nonprofit organization promoting uncrewed and autonomous systems, connecting government, industry, and academia [4] - The Defense Advocacy Committee influences defense acquisition policies, while the Air Advocacy Committee focuses on expanding drone operations in national airspace [4] - Recent Executive Orders from the White House and Department of Defense are accelerating support for NDAA-compliant drone technologies, necessitating practical policy frameworks [3]
Responding to the White House AI Action Plan, ZenaTech's ZenaDrone Launches Zena AI, Inc., a Specialized AI Development Center for US Defense and Homeland Security Applications
Globenewswire· 2025-07-29 12:15
Core Insights - ZenaTech, Inc. has established Zena AI, Inc. as an AI Development Center under its ZenaDrone subsidiary, focusing on advanced AI software solutions for the US Department of Defense and Homeland Security [1][2][3] - The formation of Zena AI is a direct response to the White House's AI Action Plan and Executive Orders aimed at enhancing American-made AI systems in federal and defense sectors [1][3] Company Overview - ZenaTech specializes in AI drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, aiming to improve operational efficiencies in various sectors including law enforcement, government, and industrial applications [4] - The company has been expanding its drone design and manufacturing capabilities since 2017, with applications in agriculture, defense, logistics, and land surveying [4] ZenaDrone Specifics - ZenaDrone, a wholly owned subsidiary of ZenaTech, develops autonomous drone solutions that integrate machine learning, AI, and Quantum Computing for various applications including military and industrial surveillance [5] - The ZenaDrone 1000 is currently utilized for crop management and critical field cargo applications, while the IQ Nano and IQ Square drones serve inventory management and land surveying needs respectively [5] Strategic Implications - The launch of Zena AI is expected to accelerate ZenaDrone's research and development efforts, enhancing its path to revenue and supporting domestic AI infrastructure [3] - The White House's AI Action Plan emphasizes innovation, infrastructure, and international AI exports, marking a significant federal initiative to bolster domestic AI capabilities and competitiveness [3]
ZenaTech’s ZenaDrone Partners with Eagle Point Funding to Win US Defense Customers
Globenewswire· 2025-07-24 12:30
Core Insights - ZenaTech, Inc. has entered a strategic partnership with Eagle Point Funding to enhance its capabilities in securing US defense contracts, leveraging Eagle Point's expertise in federal R&D grant programs [1][2] - The partnership aims to accelerate product development and expand relationships with key US defense agencies, positioning ZenaDrone as a significant provider of American-made drone solutions [2] 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 [4] - The company has been operational since 2017, enhancing its drone design and manufacturing capabilities through its subsidiary ZenaDrone, which serves industries such as agriculture, defense, logistics, and land surveying [4] Product and Service Offerings - ZenaDrone has developed a range of drones for military applications, including the ZenaDrone 1000, IQ Nano, and IQ Square, designed for tasks such as inspections, surveillance, and inventory management [3][5] - The ZenaDrone 1000 is utilized for crop management and critical cargo delivery in defense, while the IQ Nano and IQ Square serve indoor and outdoor applications respectively [5] Strategic Goals - The collaboration with Eagle Point Funding is expected to facilitate testing, pilot deployments, and long-term procurement discussions, enhancing ZenaDrone's competitive edge in the defense sector [2] - The partnership will also help ZenaTech navigate federal funding programs, allowing the company to develop next-generation drone technologies aligned with US defense priorities [2]
ZenaTech's ZenaDrone Partners with Eagle Point Funding to Win US Defense Customers
GlobeNewswire News Room· 2025-07-24 12:30
Core Insights - ZenaTech, Inc. has entered a strategic partnership with Eagle Point Funding to enhance its capabilities in securing US defense contracts, leveraging Eagle Point's expertise in federal R&D grant programs [1][2] - The partnership aims to accelerate product development and expand relationships with key US defense agencies, positioning ZenaDrone as a significant provider of American-made drone solutions [2] 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 [4] - The company has been operational since 2017, enhancing its drone design and manufacturing capabilities through its subsidiary ZenaDrone, which serves industries such as agriculture, defense, logistics, and land surveying [4] Product and Service Offerings - ZenaDrone has successfully conducted paid trials with the US Air Force and Navy Reserve, showcasing its drones' capabilities in delivering critical supplies [3] - The product lineup includes the ZenaDrone 1000, IQ Nano, and IQ Square drones, designed for diverse applications such as inspections, surveillance, reconnaissance, and inventory management [3][5] - ZenaDrone's technology incorporates machine learning, AI, predictive modeling, and Quantum Computing, aimed at revolutionizing various sectors including agriculture and defense [5] Strategic Goals - The collaboration with Eagle Point Funding is expected to facilitate testing, pilot deployments, and long-term procurement discussions, enhancing ZenaDrone's competitive edge in the defense sector [2] - The partnership is designed to unlock new growth opportunities without equity dilution, allowing the company to focus on developing next-generation drone technologies aligned with US defense priorities [2]