Welcome to our dedicated page for ZenaTech news (Ticker: ZENA), a resource for investors and traders seeking the latest updates and insights on ZenaTech stock.
ZenaTech, Inc. (ZENA) specializes in AI-driven enterprise software and advanced drone solutions for sectors ranging from defense to industrial logistics. This page aggregates all company announcements, providing stakeholders with timely updates on financial performance, technological innovations, and strategic partnerships.
Access official press releases covering earnings reports, product launches, and corporate milestones. Our curated collection ensures investors and industry professionals stay informed about ZENA's cloud-based SaaS developments, quantum computing initiatives, and defense-compliant drone systems.
Key updates include regulatory filings, executive leadership changes, and details on emerging applications of ZENA's integrated hardware-software platforms. Bookmark this page for direct access to primary sources, avoiding third-party interpretations.
Regularly updated, this resource serves as a neutral hub for tracking ZENA's advancements in mission-critical technologies. Visit frequently to monitor how the company addresses evolving challenges in government contracting and industrial automation.
ZenaTech (NASDAQ: ZENA) has signed its seventh Letter of Intent (LOI) to acquire a land survey company in Florida, marking its fourth LOI in the Southeast region. This acquisition would be the company's second closed deal in the Southeast, supporting its Drone as a Service (DaaS) business model.
The company's DaaS strategy offers drone solutions on a subscription or pay-per-use basis, targeting commercial and government customers. Florida was chosen for its year-round flying conditions, favorable innovation environment, and existing government drone applications in public safety, disaster response, and transportation monitoring.
The service enables customers like government agencies, real estate developers, construction firms, and farmers to access advanced drone technology without purchasing or maintaining equipment. ZenaTech's drone solutions utilize sensors, cameras, LiDAR, and GPS systems to conduct land surveys more efficiently than traditional methods.
According to Fact.MR, the global drone surveying market is projected to reach USD $8 billion by 2030, growing at a CAGR of 15-20%, driven by demand from construction, agriculture, and infrastructure sectors.
ZenaTech (NASDAQ: ZENA) has completed the acquisition of London-based Othership , a workplace scheduling software company. The strategic move aims to leverage quantum computing technology to enhance workplace scheduling solutions for multinational corporations.
Othership, established in 2018, specializes in providing workplace management solutions for remote-first businesses. The acquisition aligns with ZenaTech's expansion into quantum computing applications across AI drone and enterprise SaaS sectors. The global workspace management software market is projected to grow at a 13% CAGR, potentially reaching $2 billion by 2032.
CEO Shaun Passley emphasized that quantum computing will enable processing of complex variables in workforce management, including global work demand, employee skills, workspace configuration, and regulations. The company plans to invest in specialized talent and establish partnerships with academic and industry leaders. This initiative follows ZenaTech's previous quantum computing venture, the Sky Traffic project, focusing on AI drones and enterprise solutions for traffic management and security applications.
ZenaTech (NASDAQ: ZENA) announces a significant expansion of its ZenaDrone team, adding 35 new engineers and technicians to support drone production manufacturing capacity. The expansion includes 15 current hires and 20 more expected within two months.
The manufacturing will take place at the company's 10,000-foot facility in Sharjah, UAE, handling prototype development, assembly, flight testing, and quality control. The new team includes specialists in mechanical, avionic, electrical, and electronics engineering.
The company's product line includes:
- ZenaDrone 1000: An autonomous military-grade drone with heavy lift capabilities, previously tested by US Air Force and Navy Reserve
- ZenaDrone IQ Square: A commercial outdoor drone with 20-minute flight time and 7kg payload capacity
- ZenaDrone IQ Nano: An indoor inspection drone available in 10x10-inch or 20x20-inch models, featuring 20-minute flight time
ZenaTech (Nasdaq: ZENA) has signed a Letter of Intent to acquire its sixth land survey engineering company in Arizona, marking its first acquisition in the Southwest Region. This strategic move aims to expand the company's Drone as a Service (DaaS) business model in the region, leveraging its existing presence in Phoenix.
The DaaS model offers drone technology solutions on a subscription or pay-per-use basis, enabling businesses and government customers to access advanced drone capabilities without purchasing or maintaining equipment. Applications include surveying, inspections, security, law enforcement, and precision agriculture.
The acquisition aligns with ZenaTech's focus on revolutionizing land surveys through remotely piloted drones equipped with sensors, cameras, LiDAR, and GPS systems. These technologies can complete aerial data collection in hours compared to traditional methods that take weeks or months.
According to Fact.MR, the global drone surveying market is projected to reach USD $8 billion by 2030, growing at a CAGR of 15-20%. The growth is driven by increasing demand from construction, agriculture, and infrastructure development sectors.
ZenaTech (NASDAQ: ZENA) announces strategic updates regarding its ZenaDrone subsidiary's manufacturing operations in response to new US tariffs on Chinese imports. The company's Taiwan-based Spider Vision Sensors facility, opened in November 2024, will continue manufacturing drone components including cameras, LiDAR, thermal sensors, and circuit boards.
The US administration's decision to increase tariffs on Chinese drones and parts from 10% to 20% positions ZenaTech advantageously, as the company's Taiwan-based manufacturing strategy helps avoid supply chain disruptions while maintaining NDAA compliance for US defense contracts. The company plans to manufacture US military-destined drones at its upcoming Arizona facilities, leveraging potential US manufacturing tax breaks.
Spider Vision Sensors' Taiwan operations will supply components to both the Sharjah, UAE manufacturing facilities and the planned Arizona site. The company aims to achieve Green UAS and Blue UAS certifications, ensuring cybersecurity and country of origin compliance for military contracts.
ZenaTech (NASDAQ: ZENA) announces expansion plans for its Taiwan subsidiary, Spider Vision Sensors, targeting East Asian defense and commercial drone markets. The subsidiary, opened in November 2024, is developing partnerships for manufacturing drone components and expanding its team with two business managers and potentially five engineers.
The company aims to manufacture sensors, cameras, and parts for its ZenaDrone 1000 and IQ series multifunction AI drones, ensuring US military compliance. The Asia-Pacific military drone market is projected to grow at 13.15% CAGR from 2024-2032, while specific commercial markets show promising growth: Japan's market is expected to reach $7 billion by 2030 (15.2% CAGR), and Malaysia's market is projected to grow from $5 billion in 2025 to $13 billion by 2030 (21.42% CAGR).
Spider Vision Sensors' Taiwan facility will produce various components including LiDAR, thermal, infrared, and multi-spectral sensors for integration into drones manufactured at facilities in Sharjah, UAE, and planned Arizona locations.
ZenaTech (NASDAQ: ZENA) announces its subsidiary ZenaDrone has advanced the IQ Square multifunction drone from prototype to manufacturing stage. The drone, designed for outdoor line-of-sight operations, will support building inspections, land surveys, and power washing applications.
The IQ Square features include:
- 20-minute flight time with autonomous recharging
- 7kg payload capacity
- 41x41 inches footprint
- VTOL capabilities
- Retractable landing gear
The drone will be central to ZenaTech's Drone as a Service (DaaS) business model, offering subscription-based or pay-as-you-go access through local stores. For power washing applications, the drone will be tethered to ground-based water and power sources, eliminating the need for scaffolding and manual labor. Manufacturing is underway at the company's Sharjah, UAE facility. According to QYResearch, the global drone cleaning services market is projected to reach $53.89 billion by 2030, with a 19.3% CAGR.
ZenaTech, Inc. (Nasdaq: ZENA) has announced that its subsidiary ZenaDrone has finalized the third generation design of the ZenaDrone 1000 multifunction drone, which will serve as its "production model" for scaling up manufacturing. The new design features significant upgrades including a more powerful 100-volt propulsion system and an aerodynamic carbon fiber body that enables longer flight times, faster speed, and heavier lift capabilities.
ZenaDrone plans to manufacture at least ten drones monthly starting in Q1 2025 at its Sharjah, UAE facility. For US Department of Defense applications, production will take place in Phoenix, Arizona. The company's supply chain is fully NDAA compliant, and it's preparing to apply for Green UAS and Blue UAS certifications.
The ZenaDrone 1000 is a medium-sized autonomous VTOL quadcopter with eight rotors, capable of lifting up to forty kilos. It has already completed paid trials with both the US Air Force and US Navy for carrying critical cargo in the field. The global military drone market is estimated at US $14 billion in 2023 and projected to reach $47 billion by 2032.
ZenaTech (NASDAQ: ZENA) reports successful initial testing of its Quantum Computing Sky Traffic project, demonstrating high accuracy in weather prediction using 2016 data. Following these results, the company is expanding its team over the next two months, recruiting quantum computing experts, AI specialists, and hardware engineers from international universities.
The Sky Traffic project, launched in November 2024, combines AI drones, quantum computing, and specialized teams to develop applications for traffic management, weather forecasting, wildfire management, and defense. The project utilizes Amazon Web Services and various computing platforms to process large datasets.
The company's ZenaDrone 1000, a VTOL quadcopter measuring 12x7 feet with eight rotors, can lift up to 40 kilos and features AI, sensors, and purpose-built attachments for industrial and defense applications. The integration of quantum computing with AI drones aims to enhance weather prediction accuracy, battlefield analysis, and autonomous decision-making capabilities.
ZenaTech (NASDAQ: ZENA) announces the development and testing of 'DroneNet', a proprietary drone communications management system through its subsidiary ZenaDrone. This system enables secure and direct drone communications without relying on internet, cellular, or satellite connectivity.
The system is specifically designed for the company's ZenaDrone 1000 and IQ series drones. The ZenaDrone 1000, a VTOL quadcopter measuring 12X7 feet, can lift up to 40 kilos and features AI, advanced sensors, and purpose-built attachments for industrial and defense applications.
ZenaDrone has previously conducted paid trials with the US Air Force and Navy for critical cargo transport. The company plans to manufacture DoD-compliant drones in Phoenix, Arizona, meeting NDAA requirements for cybersecurity and component origin specifications. Future development plans include creating proprietary microchips with multilayer encryption for US Defense applications.
