Epazz Holdings: US Government’s Chinese Drone Ban Will Assist ZenaDrone in Generating Revenue; Phase 1 SBIR Submitted

Rhea-AI Summary

Epazz, Inc. (OTC: EPAZ) announced the submission of Phase 1 SBIR proposals for its drone technology subsidiary, ZenaDrone. The company could receive up to $75,000 per proposal and aim for Phase 2 contracts worth up to $1.2 million if awarded. With the U.S. government's increasing demand for non-Chinese drones due to security concerns, ZenaDrone sees significant opportunities, especially as it applies for the BlueUAS program. CEO Shaun Passley highlighted the strategic importance of becoming a government contractor amidst the ongoing ban on Chinese drones. The company's focus will also be on enhancing its ZenaDrone 1000 through advanced AI technology.

Positive

• Submission of Phase 1 SBIR proposals could lead to funding of up to $75,000 per proposal, enhancing financial resources.
• Successful Phase 1 contract could pave the way for Phase 2 contracts valued at up to $1.2 million, opening opportunities for substantial government contracts over $15 million.
• Increased demand for U.S.-made drones provides a favorable market for ZenaDrone amidst U.S. bans on Chinese drones.

Negative

• None.

CHICAGO, Feb. 27, 2023 (GLOBE NEWSWIRE) -- via NewMediaWire -- Epazz, Inc. (OTC: EPAZ), a mission-critical provider of drone technology, blockchain mobile apps and cloud-based business software solutions, announced today that it has submitted Phase 1 SBIR proposals. ZenaDrone will hear back from the government in 90 days.

If ZenaDrone is awarded a Phase 1 contract, up to $75,000 per proposal, the company will be able to submit for Phase 2 contracts, up to $1.2 million per contract. The SBIR program is designed to get products into the government market. It has additional phases, which open up to major government contracts worth up to $15 million over the next three years. Additionally, if ZenaDrone is a part of the program, there will be opportunities to sell our drones to US allies.

CEO Shaun Passley, Ph.D., said, “We are taking multiple pathways to become a government contractor of drones. It is a major opportunity for us, as Chinese drones are banned in the US government. It has opened up major demands for our drones.” 

The US government has a major need for non-Chinese drones. The government is pushing initiatives to obtain made-in-America drones through its BlueUAS program. ZenaDrone is currently in the process of applying for BlueUAS. Currently, the list is very short.

According to Defense News, “More can be done to ban US government use of Chinese drones . . . With bipartisan support, Section 817, which prohibits the Department of Defense and its contractors from using Chinese-made surveillance drones, strengthens Americans’ security in multiple ways. In July 2021, the Pentagon issued a special statement reaffirming its view that DJI systems are “potential threats to national security.” In December of that year, the Treasury Department banned U.S. investment in DJI.

ZenaDrone Inc., is a provider of a multifunctional unmanned aerial vehicle equipped with machine learning systems, multispectral sensors and AI technology. ZenaDrone uses the data its cameras capture to create a 3D interactive environment.

The ZenaDrone team will use predictive AI analytics — or predictive modeling — a type of analysis that employs methods and resources to create predictive models and make forecasts of future outcomes based on acquired data. Techniques utilized in predictive analytics include machine learning algorithms, sophisticated mathematics, statistical modeling, descriptive analytics and data mining. Predictive analytics refers to a method rather than a specific technology.

Epazz Holdings will prioritize developing the ZenaDrone 1000 by upgrading its AI technology to boost its global reach across industries. 

About ZenaDrone Inc. (https://www.zenadrone.com/)

ZenaDrone Inc., is a provider of a multifunctional unmanned aerial vehicle equipped with machine learning systems, multispectral sensors and AI technology. ZenaDrone uses the data its cameras capture to create a 3D interactive environment.

About Epazz, Inc. (https://www.epazz.com/)

Epazz, Inc., specializes in enterprise cloud business process software, metaverse solutions, drone technology and blockchain mobile apps with over 500 repeat customers. Epazz acquired DeskFlex back in 2008. DeskFlex is a desk and room booking software company that has been in business since 1997. DeskFlex is developing a metaverse virtual office and has added social distance features and contact tracing technology to its desk and room booking system to help organizations bring back employees to the office and create new hybrid work environments (https://www.deskflex.com/DeskFlex-Safety-Operation-after-COVID-19-Pandemic). Epazz technology makes it easy to convert legacy systems into cloud business process software, for which the company then charges an annual subscription fee. Epazz has acquired eleven software companies that have converted or are in the process of converting their legacy software products to cloud software using Epazz’s technology. Epazz then markets the new cloud-based solutions to new and existing customers. Epazz spun off ZenaPay, Inc. 2018 New Bitcoin Mobile app is a financial technology company that offers a unique Bitcoin and Ethereum payment mobile app software allowing consumers to acquire Bitcoin at the point of sale.

SAFE HARBOR

This is the safe harbor statement under the Private Securities Litigation Reform Act of 1995: Certain statements contained in this press release are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements can generally be identified by the use of forward-looking statements such as “may,” “expect,” “intend,” “estimate,” “anticipate,” “believe,” or “continue” (or the negatives thereof) or similar terminology. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from future results or those implied by such forward-looking statements. Investors are cautioned that any forward-looking statement is not a guarantee of future performance and that actual results may differ materially from those contemplated by such forward-looking statements. Epazz Inc., assumes no obligation and has no intention of updating these forward-looking statements, and it has no obligation to update or correct information prepared by third parties that are not paid for by Epazz Inc. Investors are encouraged to review Epazz Inc.’s public filings on SEC.gov and otcmarkets.com, including its unaudited and audited financial statements and its OTC market filings, which contain general business information about the company’s operations, results of operations and risks associated with the company and its operations.

Contact

Investor Relations
investors@epazz.net
312-955-8161
https://www.epazz.com/

FAQ

What is the significance of Epazz's Phase 1 SBIR proposals for EPAZ?

The Phase 1 SBIR proposals could provide Epazz up to $75,000 in funding, supporting its drone development initiatives.

How could the Phase 1 contract impact ZenaDrone's future?

If awarded, it would allow ZenaDrone to apply for Phase 2 contracts, potentially leading to up to $1.2 million in further funding.

What are the implications of the U.S. government's ban on Chinese drones for EPAZ?

The ban increases demand for non-Chinese drones, presenting a significant market opportunity for ZenaDrone's offerings.

What advancements is Epazz planning for the ZenaDrone 1000?

Epazz is prioritizing upgrades to the ZenaDrone 1000's AI technology to enhance its global reach and capabilities.