Epazz Holdings: ZenaDrone AI Predictive Will Submit for SBIR With US Government for ZenaDrone 100

Rhea-AI Summary

Epazz Inc. (OTC: EPAZ) has submitted over 5 Phase 1 proposals under the U.S. government's SBIR Phase 1 program, aimed at fast-tracking contracts for small businesses. If awarded, each proposal could yield up to $75,000, paving the way for potential Phase 2 contracts worth up to $1.2 million. Additionally, Epazz's ZenaDrone would be positioned as a sole source supplier, streamlining federal procurement. ZenaDrone Inc. specializes in multifunctional unmanned aerial vehicles equipped with advanced technology for various industries. The company plans to enhance its AI capabilities for better navigation and functionality in both commercial and military applications.

Positive

• Submitting over 5 Phase 1 proposals could lead to substantial government contracts.
• Potential earnings of up to $75,000 per Phase 1 proposal and $1.2 million for Phase 2.
• ZenaDrone may be recognized as a sole source supplier, simplifying contract awards from the government.
• Positive industry feedback for the ZenaDrone 1000 in agriculture, oil and gas, and engineering sectors.
• Plans to enhance AI technology for improved functionalities and market reach.

Negative

• None.

CHICAGO, IL, Feb. 21, 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, has announced today that it is submitting over 5 Phase 1 proposals with the U.S. government under its SBIR Phase 1 program. SBIR Phase 1 allows small businesses with innovative products to fast-track U.S. government contracts in 90 days from the date of submission.

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. Further, ZenaDrone will gain the ability to be listed as the sole source supplier of its technology, which would allow the U.S. government to purchase the ZenaDrone 1000 without a bidding process.

CEO Shaun Passley, Ph.D., said, “We are working towards our first government contract using multiple avenues which will hopefully lead to our first set Government customers and through The SBIR would open us up to the whole federal government to our drone technology.” 

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 captured from its cameras to create a 3D interactive environment.

The ZenaDrone 1000 has successfully garnered positive reviews in several industries, especially in the agricultural, oil and gas, wildfire and civil engineering industries. This year, ZenaDrone aims to enhance its AI capabilities to include autonomous navigation of unmapped terrains, deep learning algorithms for various actions and dual-use features to accommodate commercial and military drone utilization.

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 dedicated to improving intelligent unmanned aerial vehicle (UAV) technology that incorporates machine learning software and AI. It was created to revolutionize the hemp farming sector and later evolved into an intelligent multifunctional industrial surveillance, inspection and monitoring solution.

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

Epazz Inc. is a leading cloud-based software company that specializes in providing customized cloud applications to the corporate world, higher education institutions and the public sector. Epazz BoxesOS™ v3.0 is a complete web-based software package for small- to mid-sized businesses, Fortune 500 enterprises, government agencies and higher education institutions. BoxesOS™ provides many of the web-based applications that organizations would otherwise need to purchase separately. Epazz’s other products include DeskFlex™ (room-scheduling software) and Provitrac™ (an applicant-tracking system).

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 statements are not guarantees 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 markets 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 Epazz Inc.'s stock symbol?

Epazz Inc. trades under the stock symbol EPAZ.

What proposals has Epazz Inc. submitted for government contracts?

Epazz Inc. submitted over 5 Phase 1 proposals under the SBIR Phase 1 program.

What are the potential financial benefits of the Phase 1 proposals for EPAZ?

Each Phase 1 proposal could yield up to $75,000, with potential Phase 2 contracts worth up to $1.2 million.

What industries have positively reviewed the ZenaDrone 1000?

The ZenaDrone 1000 has received positive reviews particularly in agriculture, oil and gas, wildfire, and civil engineering industries.

How could ZenaDrone impact future contracts with the U.S. government?

If awarded a contract, ZenaDrone could become a sole source supplier, allowing government purchases without a bidding process.