ZenaTech Closes Second Southeast Region Acquisition, Wallace Surveying Corporation, Set to Become the Third Acquisition to Power Its National Drone as a Service (DaaS) Business
ZenaTech (NASDAQ: ZENA) has completed the acquisition of Wallace Surveying in West Palm Beach, Florida, marking its second Southeast region acquisition and third US acquisition overall. This strategic move advances ZenaTech's national roll-up strategy to revolutionize the land survey industry through drone technology.
The acquisition strengthens ZenaTech's Drone as a Service (DaaS) business, incorporating the ZenaDrone 1000 and IQ series for various applications including power line inspections, precision agriculture, law enforcement, and disaster response. Wallace brings 30 years of experience in construction and land development surveys.
ZenaTech's DaaS model operates on a subscription or pay-per-use basis, offering customers reduced upfront costs and maintenance-free access to advanced drone technology. The global drone surveying market is projected to reach $8 billion by 2030, growing at a CAGR of 15-20%, driven by demand from construction, agriculture, and infrastructure sectors.
ZenaTech (NASDAQ: ZENA) ha completato l'acquisizione di Wallace Surveying a West Palm Beach, Florida, segnando la sua seconda acquisizione nella regione del Sud-Est e la terza acquisizione complessiva negli Stati Uniti. Questa mossa strategica avanza la strategia di consolidamento nazionale di ZenaTech per rivoluzionare l'industria delle rilevazioni fondiarie attraverso la tecnologia dei droni.
L'acquisizione rafforza il business di ZenaTech Drone as a Service (DaaS), integrando il ZenaDrone 1000 e la serie IQ per varie applicazioni, tra cui ispezioni di linee elettriche, agricoltura di precisione, forze dell'ordine e risposta a disastri. Wallace porta con sé 30 anni di esperienza in rilevazioni di costruzione e sviluppo fondiario.
Il modello DaaS di ZenaTech opera su base di abbonamento o pay-per-use, offrendo ai clienti costi iniziali ridotti e accesso senza manutenzione a tecnologie avanzate di droni. Si prevede che il mercato globale delle rilevazioni con droni raggiunga 8 miliardi di dollari entro il 2030, crescendo con un CAGR del 15-20%, spinto dalla domanda dei settori della costruzione, dell'agricoltura e delle infrastrutture.
ZenaTech (NASDAQ: ZENA) ha completado la adquisición de Wallace Surveying en West Palm Beach, Florida, marcando su segunda adquisición en la región del Sureste y la tercera adquisición en los Estados Unidos en general. Este movimiento estratégico avanza la estrategia de consolidación nacional de ZenaTech para revolucionar la industria de la topografía terrestre a través de la tecnología de drones.
La adquisición fortalece el negocio de ZenaTech Drone as a Service (DaaS), incorporando el ZenaDrone 1000 y la serie IQ para diversas aplicaciones, incluidas inspecciones de líneas eléctricas, agricultura de precisión, fuerzas del orden y respuesta a desastres. Wallace aporta 30 años de experiencia en encuestas de construcción y desarrollo de terrenos.
El modelo DaaS de ZenaTech opera bajo un sistema de suscripción o pago por uso, ofreciendo a los clientes costos iniciales reducidos y acceso sin mantenimiento a tecnología avanzada de drones. Se proyecta que el mercado global de topografía con drones alcanzará 8 mil millones de dólares para 2030, creciendo a una tasa compuesta anual (CAGR) del 15-20%, impulsado por la demanda de los sectores de construcción, agricultura e infraestructura.
제나텍 (NASDAQ: ZENA)는 플로리다주 웨스트 팜 비치에 있는 월리스 서베잉을 인수했다고 발표했습니다. 이는 제나텍의 두 번째 남동부 지역 인수이자 미국 내 세 번째 인수입니다. 이 전략적 결정은 드론 기술을 통해 토지 측량 산업을 혁신하기 위한 제나텍의 국가적 통합 전략을 진전시킵니다.
이번 인수는 제나텍의 드론 서비스(DaaS) 비즈니스를 강화하며, 전력선 검사, 정밀 농업, 법 집행 및 재난 대응 등 다양한 응용 분야를 위한 제나드론 1000 및 IQ 시리즈를 통합합니다. 월리스는 건설 및 토지 개발 조사 분야에서 30년의 경험을 보유하고 있습니다.
제나텍의 DaaS 모델은 구독 또는 사용량 기반으로 운영되며, 고객에게 초기 비용을 줄이고 유지 관리가 필요 없는 고급 드론 기술에 대한 접근을 제공합니다. 글로벌 드론 측량 시장은 2030년까지 80억 달러에 이를 것으로 예상되며, 건설, 농업 및 인프라 부문의 수요에 의해 연평균 성장률(CAGR) 15-20%로 성장할 것으로 보입니다.
ZenaTech (NASDAQ: ZENA) a finalisé l'acquisition de Wallace Surveying à West Palm Beach, en Floride, marquant sa deuxième acquisition dans la région sud-est et la troisième acquisition aux États-Unis au total. Ce mouvement stratégique fait avancer la stratégie de consolidation nationale de ZenaTech pour révolutionner l'industrie de l'arpentage foncier grâce à la technologie des drones.
L'acquisition renforce l'activité Drone as a Service (DaaS) de ZenaTech, intégrant le ZenaDrone 1000 et la série IQ pour diverses applications, y compris les inspections de lignes électriques, l'agriculture de précision, les forces de l'ordre et la réponse aux catastrophes. Wallace apporte 30 ans d'expérience dans les enquêtes de construction et de développement foncier.
Le modèle DaaS de ZenaTech fonctionne sur une base d'abonnement ou de paiement à l'utilisation, offrant aux clients des coûts initiaux réduits et un accès sans maintenance à une technologie de drone avancée. Le marché mondial de l'arpentage par drone devrait atteindre 8 milliards de dollars d'ici 2030, avec un taux de croissance annuel composé (CAGR) de 15 à 20 %, soutenu par la demande des secteurs de la construction, de l'agriculture et des infrastructures.
ZenaTech (NASDAQ: ZENA) hat die Übernahme von Wallace Surveying in West Palm Beach, Florida, abgeschlossen, was die zweite Übernahme in der Südostregion und die dritte Übernahme in den USA insgesamt markiert. Dieser strategische Schritt fördert die nationale Roll-up-Strategie von ZenaTech, um die Landvermessungsbranche durch Drohnentechnologie zu revolutionieren.
Die Übernahme stärkt das Geschäft von ZenaTech im Bereich Drone as a Service (DaaS), indem der ZenaDrone 1000 und die IQ-Serie für verschiedene Anwendungen, einschließlich Inspektionen von Stromleitungen, Präzisionslandwirtschaft, Strafverfolgung und Katastrophenhilfe, integriert werden. Wallace bringt 30 Jahre Erfahrung in der Bau- und Grundstücksentwicklung mit.
Das DaaS-Modell von ZenaTech funktioniert auf Abonnement- oder Pay-per-Use-Basis und bietet den Kunden reduzierte Anschaffungskosten und wartungsfreien Zugang zu fortschrittlicher Drohnentechnologie. Der globale Markt für Drohnenvermessung wird voraussichtlich bis 2030 8 Milliarden Dollar erreichen, mit einer jährlichen Wachstumsrate (CAGR) von 15-20%, die durch die Nachfrage aus den Bereichen Bau, Landwirtschaft und Infrastruktur angetrieben wird.
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VANCOUVER, British Columbia, April 03, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone, Drone-as-a-Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces that it has closed the acquisition of Wallace Surveying Corporation (“Wallace”) of West Palm Beach, Florida, a well-established land survey company with thirty years of experience. Wallace provides construction and land development surveys delivering accurate and reliable data that supports project planning and design for developers, contractors, engineers, and architect customers.
This is ZenaTech’s second acquisition in the Southeast region as part of a larger national roll-up strategy to disrupt the land survey industry by accelerating the use of drones for speed and accuracy benefits. The acquisition also further powers the Company’s national Drone as a Service, or DaaS, business as the third US acquisition set to provide access to the ZenaDrone 1000 and the IQ series. These multifunction drones are set to provide a variety of services including power line inspections, precision agriculture, law enforcement, and search and rescue for natural disasters such as hurricanes.
“Wallace Surveying Corporation is well respected in the South Florida business community with longstanding existing customer relationships. Its team brings considerable expertise toward our goal of innovating land surveys at scale leveraging advanced drone data collection, data management, mapping and digital deliverables. This acquisition is another step towards our vision to create a national DaaS business, bringing AI drone efficiencies and precision to a variety of legacy verticals and manual tasks,” said CEO Shaun Passley, Ph.D.
ZenaTech’s Drones as a Service or DaaS model is similar to Software as a Service (SaaS), but instead of providing software solutions over the Internet, the company will offer ZenaDrone solutions and services on a subscription or pay-per-use basis. Customers can conveniently access drones for eliminating manual or time-consuming tasks achieving more precision, such as for surveying, inspections, security and law enforcement, or farming precision agriculture applications, without having to buy, operate, or maintain the drones themselves.
The DaaS business model offers customers such as government agencies, real estate developers, construction firms, farmers or energy companies reduced upfront costs as there is no need to purchase expensive drones, as well as convenience, as there is no need to manage maintenance and operation. The model also offers scalability to use more often or less often based on business needs and enables access to advanced drone technology sensors or attachments like spraying, without the need for specialized training.
Accurate land surveys are essential for the planning, designing, and executing of roads, bridges, and building projects for cities, commercial, and residential projects, and are required for legal purposes. Remotely piloted drones with an array of sensors and cameras, LiDAR (Light Detection and Ranging), and GPS systems for capturing high-resolution pictures and data are revolutionizing the land survey industry gathering aerial data across expansive terrains in a matter of hours instead of weeks or months using more traditional photogrammetry methods.
According to Fact.MR, the global drone surveying market is poised for substantial growth and is expected to be worth over USD
About ZenaTech
ZenaTech (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical business applications. Since 2017, the Company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes. With enterprise software customers using branded solutions in law enforcement, health, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech’s portfolio of solutions helps drive exceptional operational efficiencies, accuracy and cost savings. The Company operates through seven global offices in North America, Europe, Taiwan, and UAE, and is growing a DaaS business model and global partner network.
About ZenaDrone
ZenaDrone, a wholly owned subsidiary of ZenaTech, develops and manufactures autonomous business drone solutions that can incorporate machine learning software, AI, predictive modeling, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown to multifunctional drone solutions for industrial surveillance, monitoring, inspection, tracking, process automation and defense applications. Currently, the ZenaDrone 1000 drone is used for crop management applications in agriculture and critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management and security in the warehouse and logistics sectors, and the IQ Square is an indoor/outdoor drone designed for land survey and inspections use in commercial and defense sectors.
Contacts for more information:
Company, Investors and Media:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com
Investors:
Michael Mason
CORE IR
investors@zenatech.com
Safe Harbor
This press release and related comments by management of ZenaTech, Inc. include “forward-looking statements” within the meaning of U.S. federal securities laws and applicable Canadian securities laws. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. This forward-looking information relates to future events or future performance of ZenaTech and reflects management’s expectations and projections regarding ZenaTech’s growth, results of operations, performance, and business prospects and opportunities. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “aim”, “seek”, “is/are likely to”, “believe”, “estimate”, “predict”, “potential”, “continue” or the negative of these terms or other comparable terminology intended to identify forward-looking statements. Forward-looking information in this document includes, but is not limited to ZenaTech’s expectations regarding its revenue, expenses, production, operations, costs, cash flows, and future growth; expectations with respect to future production costs and capacity; ZenaTech's ability to deliver products to the market as currently contemplated, including its drone products including ZenaDrone 1000 and IQ Nano; ZenaTech’s anticipated cash needs and it’s needs for additional financing; ZenaTech’s intention to grow the business and its operations and execution risk; expectations with respect to future operations and costs; the volatility of stock prices and market conditions in the industries in which ZenaTech operates; political, economic, environmental, tax, security, and other risks associated with operating in emerging markets; regulatory risks; unfavorable publicity or consumer perception; difficulty in forecasting industry trends; the ability to hire key personnel; the competitive conditions of the industry and the competitive and business strategies of ZenaTech; ZenaTech’s expected business objectives for the next twelve months; ZenaTech’s ability to obtain additional funds through the sale of equity or debt commitments; investment capital and market share; the ability to complete any contemplated acquisitions; changes in the target markets; market uncertainty; ability to access additional capital, including through the listing of its securities in various jurisdictions; management of growth (plans and timing for expansion); patent infringement; litigation; applicable laws, regulations, and any amendments affecting the business of ZenaTech.
FAQ
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