ZenaTech, Inc. - ZENA STOCK NEWS

ZenaTech (NASDAQ: ZENA) has signed its third Letter of Intent (LOI) to acquire a land survey engineering company in the Western US. The acquisition will establish ZenaTech's drone operations base in the Western region, complementing previously announced LOIs in the Southeast and Southern US regions.

The acquired company will utilize drones for land surveys and wildfire management applications on Native American reservations. ZenaTech will integrate Quantum Computing with AI drone capabilities to process large-scale datasets. The company has an existing joint venture with a Native American company to manufacture and sell drones across Native American Nations for various applications including land survey, search and rescue, cargo delivery, and fire management.

The integration aims to enhance fire detection, response, and prevention through ZenaTech's Drone as a Service (DaaS) model, which offers pay-as-you-go drone services for business users without requiring hardware purchases or pilot certifications.

ZenaTech (NASDAQ: ZENA) has launched Sky Traffic, a Quantum Computing project combining drone technology with advanced computing for traffic optimization and weather forecasting. The initiative emerged from government interest in using ZenaDrone 1000 for traffic monitoring.

The project aims to provide real-time traffic data to government agencies and drivers, improving precision and speed in traffic flow optimization, signal management, and public safety. ZenaTech will utilize Amazon Web Services (AWS) as its computing platform and plans to extend the application to weather radar for enhanced forecasting capabilities.

The system leverages quantum computing's ability to process complex data at unprecedented speeds, combined with drone-collected data from aerial surveillance, cameras, sensors, and GPS to monitor traffic conditions and gather atmospheric data for weather predictions.

ZenaTech (NASDAQ: ZENA) has signed a second Letter of Intent (LOI) to acquire a land survey company in the Southern US, advancing its Drone-as-a-Service (DaaS) strategy in the $10.3 billion US Surveying and Mapping Services industry. This follows a previous acquisition announcement in the Southeast US region.

The company aims to revolutionize traditional land surveying through AI drone solutions, offering subscription-based or pay-as-you-go services. Using drones equipped with sensors, cameras, LiDAR, and GPS systems, aerial data can be collected and analyzed within hours instead of weeks or months.

ZenaTech is currently negotiating over 20 potential acquisitions, targeting smaller land survey engineering firms with established client networks and licensed surveyors. The DaaS model will serve various sectors including governments, farmers, oil and gas companies, warehouse and logistics customers, and environmental firms.

ZenaTech (Nasdaq: ZENA) has signed a Letter of Intent to acquire a land survey company in the Southeast US, marking its entry into the Drone-as-a-Service (DaaS) business model. This acquisition is part of a larger strategy to revolutionize the $10.3 billion US Surveying and Mapping Services industry through drone technology.

The company aims to transform traditional land surveying methods by utilizing remotely piloted and autonomous drones equipped with sensors, cameras, LiDAR, and GPS systems. This technology can complete surveys in hours instead of weeks or months, offering enhanced accuracy and efficiency for various projects including roads, bridges, and buildings.

ZenaTech's DaaS model will provide a pay-as-you-go solution for governments, farmers, oil and gas companies, and environmental firms, eliminating the need for complete hardware and software purchases while leveraging AI capabilities for improved productivity.

ZenaTech's subsidiary Spider Vision Sensors has partnered with Suntek Global to develop Blue UAS and NDAA compliant AI drone cameras for US Defense and NATO. The collaboration focuses on designing a 25-megapixel camera for the ZenaDrone IQ Series, with the first camera for IQ Nano drone expected to ship within weeks. The partnership will also develop cameras for ZenaDrone 1000 drones intended for defense surveillance and tactical missions. The cameras will be manufactured in Taiwan and assembled in UAE, with plans for a future manufacturing facility in Phoenix, Arizona. ZenaDrone has previously completed paid trials with US Airforce and Naval Research for critical cargo transport.

ZenaTech (Nasdaq: ZENA) has signed Blue UAS and NDAA-compliant partner agreements for its supply chain to sell ZenaDrone 1000 AI drone solutions to US Defense branches and NATO forces. Following a Taiwan Trade Mission organized by the Arizona Commerce Authority, ZenaTech confirms all ZenaDrone's electrical components will comply with NDAA standards. The company previously completed paid trials with US Air Force and Naval Research for critical cargo transport. The next steps include completing the Green UAS list process before Blue UAS certification, enabling expanded military business opportunities. The company plans to conduct DoD demonstrations near its Phoenix offices.

ZenaTech (Nasdaq: ZENA) has announced plans to pursue multiple acquisitions to launch its Drone-as-a-Service (DaaS) operations. The company has identified approximately 20 target companies, with several in negotiation stages. The DaaS model will allow business customers to access drone solutions on a pay-as-you-go basis, integrating ZenaDrone's AI technology for applications in farming, oil and gas, environmental monitoring, and government operations. Financing for these acquisitions has been secured from existing shareholders. The strategy aims to significantly increase company revenue through both organic growth and acquisitions while expanding their DaaS business globally.

ZenaTech (NASDAQ: ZENA) reported a 15% revenue increase of $166,886 for Q3 2024 compared to 2023. Key developments include: FAA approval for ZenaDrone 1000 commercial use, launch of the IQ Nano indoor autonomous AI drone with first multinational customer trial, acquisition of four software companies (Jadian, DeskFlex, Interactive Systems, and InterlinkONE), and acquisition of a U.S. Design Patent for drone technology. The company is establishing a sensors manufacturing facility in Taiwan through Spider Vision Sensors and has cross-listed on Frankfurt Stock Exchange (FSE: 49Q).

ZenaTech (NASDAQ: ZENA) has agreed to acquire Ecker Capital , which owns warehouse management software companies InterlinkONE and Interactive Systems, from Ameritek Ventures. The acquisition aims to integrate these software capabilities with ZenaTech's ZenaDrone IQ Nano AI drone solution for autonomous inventory management. The acquired companies generated combined operating income of $354K on revenue of $678K in the first nine months of 2024, and $386K on revenue of $949K in FY 2023. The integration will enable warehouse customers to perform hourly inventory assessments instead of quarterly, potentially saving millions in inventory costs for multi-warehouse facilities.