ZenaTech, Inc. - ZENA STOCK NEWS

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.

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

ZenaTech (NASDAQ: ZENA) announces participation in a Taiwan Trade Mission to establish its first Asian office through Spider Vision Sensors subsidiary. The new facility will manufacture drone sensors and components for integration with ZenaDrone AI drones, complementing existing facilities in UAE and planned operations in Phoenix, Arizona. The Taiwan expansion aims to ensure NDAA compliance and achieve approved supplier status for US military sales by sourcing components from US-friendly countries. Spider Vision Sensors will produce various drone components including LiDAR, thermal sensors, cameras, and PCBs, leveraging Taiwan's electronics expertise and cost-effective manufacturing capabilities.

ZenaTech (Nasdaq: ZENA) (FSE: 49Q), an AI drone and enterprise SaaS solutions provider, has announced its cross-listing on the Frankfurt Stock Exchange under the symbol '49Q' as of October 31, 2024. The company aims to expand its European investor base and increase liquidity through this listing on the FSE, which is Germany's largest exchange and Europe's third-largest by market capitalization. The strategic move aligns with ZenaTech's existing presence in Germany and its growing European operations in SaaS software and AI drone business.