ZenaTech Enters the Drone Sensor and Components Market Establishing a New Taiwan Subsidiary to Win More US Defense Contracts for Its AI Drones
ZenaTech (Nasdaq: ZENA) announced the establishment of Spider Vision Sensors in Taiwan to manufacture drone sensors and components for its subsidiary ZenaDrone. This strategic move aims to ensure compliance with the US National Defense Authorization Act (NDAA), positioning the company to secure more US Military contracts. The facility will produce various sensors including LiDAR, thermal, infrared, and components for drone production at their UAE and future Arizona facilities. Taiwan was chosen for its electronics expertise and cost-effective alternatives to Chinese components. The manufacturing facility is expected to open in November, supporting the company's goals to achieve Green UAS and Blue UAS certifications as an approved supplier.
ZenaTech (Nasdaq: ZENA) ha annunciato l'istituzione di Spider Vision Sensors a Taiwan per produrre sensori e componenti per droni per la sua sussidiaria ZenaDrone. Questa mossa strategica mira a garantire la conformità con il National Defense Authorization Act (NDAA) degli Stati Uniti, posizionando l'azienda per ottenere più contratti con l'esercito statunitense. L'impianto produrrà vari sensori, inclusi LiDAR, termici, ad infrarossi, e componenti per la produzione di droni presso le loro strutture negli Emirati Arabi Uniti e in futuro in Arizona. Taiwan è stata scelta per la sua esperienza nell'elettronica e come alternativa economica ai componenti cinesi. L'impianto di produzione dovrebbe aprire a novembre, supportando gli obiettivi dell'azienda di ottenere le certificazioni Green UAS e Blue UAS come fornitore approvato.
ZenaTech (Nasdaq: ZENA) anunció el establecimiento de Spider Vision Sensors en Taiwán para fabricar sensores y componentes para drones de su subsidiaria ZenaDrone. Este movimiento estratégico tiene como objetivo garantizar el cumplimiento de la Ley de Autorización de Defensa Nacional (NDAA) de Estados Unidos, posicionando a la empresa para asegurar más contratos con el ejército estadounidense. La instalación producirá varios sensores, incluidos LiDAR, térmicos, infrarrojos y componentes para la producción de drones en sus instalaciones en los Emiratos Árabes Unidos y en el futuro en Arizona. Taiwán fue elegido por su experiencia en electrónica y por ser una alternativa rentable a los componentes chinos. Se espera que la instalación de fabricación abra en noviembre, apoyando los objetivos de la empresa de obtener las certificaciones Green UAS y Blue UAS como proveedor aprobado.
제나텍 (Nasdaq: ZENA)는 자회사 제나드론을 위한 드론 센서 및 구성 요소를 제조하기 위해 대만에 스파이더 비전 센서를 설립했다고 발표했습니다. 이 전략적 결정은 미국 국방 허가법(NDAA)을 준수하기 위함으로, 이를 통해 회사는 미국 군 계약을 확보할 수 있는 입지를 다지게 됩니다. 이 시설은 LiDAR, 열 감지, 적외선 센서를 포함한 다양한 센서와 아랍에미리트 및 향후 애리조나 시설에서의 드론 생산을 위한 구성 요소를 생산할 것입니다. 대만은 전자 분야의 전문성과 중국 부품에 대한 비용 효율적인 대안으로 선택되었습니다. 제조 시설은 11월에 개장할 예정이며, 이는 회사가 승인된 공급업체로서 Green UAS 및 Blue UAS 인증을 달성하는 목표를 지원합니다.
ZenaTech (Nasdaq: ZENA) a annoncé l'établissement de Spider Vision Sensors à Taïwan pour fabriquer des capteurs et des composants de drone pour sa filiale ZenaDrone. Ce mouvement stratégique vise à garantir la conformité à la loi américaine sur l'autorisation de la défense nationale (NDAA), positionnant l'entreprise pour obtenir davantage de contrats avec l'armée américaine. L'usine produira divers capteurs, y compris LiDAR, thermiques, infrarouges, ainsi que des composants pour la production de drones dans ses installations aux Émirats Arabes Unis et dans le futur en Arizona. Taïwan a été choisi pour son expertise en électronique et comme alternative rentable aux composants chinois. L'installation de fabrication devrait ouvrir en novembre, soutenant les objectifs de l'entreprise d'obtenir les certifications Green UAS et Blue UAS en tant que fournisseur approuvé.
ZenaTech (Nasdaq: ZENA) gab die Gründung von Spider Vision Sensors in Taiwan bekannt, um Drohnensensoren und -komponenten für ihre Tochtergesellschaft ZenaDrone herzustellen. Diese strategische Maßnahme zielt darauf ab, die Compliance mit dem US National Defense Authorization Act (NDAA) sicherzustellen und das Unternehmen in die Lage zu versetzen, mehr Verträge mit dem US-Militär zu sichern. Die Einrichtung wird verschiedene Sensoren herstellen, darunter LiDAR, Wärmebild, Infrarot und Komponenten für die Drohnenproduktion in ihren Einrichtungen in den Vereinigten Arabischen Emiraten und zukünftig in Arizona. Taiwan wurde aufgrund seiner Expertise in der Elektronik und kostengünstiger Alternativen zu chinesischen Komponenten ausgewählt. Die Produktionsstätte soll im November eröffnet werden und unterstützt die Ziele des Unternehmens, Green UAS und Blue UAS-Zertifizierungen als zugelassener Anbieter zu erreichen.
- Strategic expansion into drone sensor manufacturing enhances vertical integration
- NDAA compliance opens access to US military contracts
- Taiwan location provides cost advantages and reduces Chinese supply chain dependency
- Positions company for Green UAS and Blue UAS certifications
- Currently only at prototype stage, indicating early development phase
- Significant investment required for new manufacturing facility
- Execution risks in establishing new overseas operations
Insights
This strategic move significantly strengthens ZenaTech's position in the defense sector. Establishing a Taiwan-based component manufacturing facility addresses two critical challenges: NDAA compliance and supply chain independence from China. The Blue UAS certification pursuit is particularly noteworthy, as it could unlock substantial defense contracts.
The timing aligns with increasing US military drone procurement and heightened scrutiny of Chinese-origin components in defense systems. Taiwan's established semiconductor and electronics ecosystem offers both cost advantages and technical expertise. The planned November facility opening suggests rapid execution of this strategy.
While initial setup costs may impact short-term financials, the long-term potential for securing lucrative defense contracts through NDAA compliance and Blue UAS certification presents a significant growth catalyst. The vertical integration through in-house component manufacturing should also improve margins and supply chain reliability.
The Taiwan subsidiary represents a strategic supply chain transformation with multiple benefits. By controlling sensor and component production, ZenaTech can:
- Reduce dependency on external suppliers
- Better manage production schedules
- Control quality standards
- Optimize costs through local manufacturing advantages
TORONTO, Ontario, Oct. 29, 2024 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone solutions and enterprise SaaS (Software-as-a-Service) solutions, today announced it will establish a new company in Taiwan to manufacture drone sensors and components for use in the drone products produced by its subsidiary ZenaDrone. The new company, named Spider Vision Sensors Ltd., will ensure ZenaDrone’s products are compliant with the US National Defense Authorization Act (NDAA), an important requirement for the company to win more business with the US Military.
Spider Vision Sensors Ltd. will manufacture drone sensors, electronics, and components such LiDAR (Light Detection and Ranging), thermal, infrared, multi-spectral and hyper sensors, cameras, and PBCs (Printed Circuit Boards). Having in-house manufactured sensors and components will enable ZenaDrone to have a steady supply to fulfill customer orders and drone production needs at its Sharjah, UAE, and future Arizona-based drone manufacturing facilities.
Taiwan was selected due to its size and skills as an electronics hub, and the availability of low-cost alternative components versus those from China. The new company is currently at the prototype stage, and the manufacturing facility is expected to be open in November.
“Establishing a drone sensor and components manufacturer in Taiwan will help bring our products to market faster and removes dependencies on any Chinese made electronics. This will position us to win more US military contracts via achieving Green UAS (Uncrewed Arial Systems) and Blue UAS certifications as an approved supplier,” said CEO Shaun Passley, Ph.D.
NDAA compliance refers to adhering to the provisions outlined in the National Defense Authorization Act, which is a U.S. federal law that specifies the budget and expenditures for the Department of Defense (DoD). The Blue USA program is a stringent government approved supplier list of drone companies that wish to do business with the DoD; suppliers must meet strict NDAA cyber security and supply chain sourcing requirements.
About ZenaTech
ZenaTech (Nasdaq: ZENA) is a technology company specializing in AI drone solutions and enterprise SaaS 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 field service processes. With over 100 enterprise software customers using branded software solutions in law enforcement, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech helps drive exceptional operational efficiencies and cost savings. The company operates through six offices in North America, Europe, and UAE, and a growing 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, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has evolved to multifunctional drone solutions for industrial surveillance, monitoring, inspection, tracking, and process automation, utilizing the ZenaDrone 1000 drone and the IQ series of indoor/outdoor drone products.
The ZenaDrone 1000 is an autonomous drone, in a quadcopter design with eight rotors, is roughly the size of a boardroom table, is designed for stable flight, maneuverability, heavy lift capabilities, incorporating innovative software technology, AI, sensors, and purpose-built attachments, along with compact and rugged hardware engineered for industrial use. It has been used in the agriculture sector enabling smart farming, plant tracking, and crop management. ZenaDrone’s products have also been piloted in the field with the US military for delivery of temperature-controlled critical medical supplies.
This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.
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; changes in the target markets; market uncertainty; ability to access additional capital; management of growth (plans and timing for expansion); patent infringement; litigation; applicable laws, regulations, and any amendments affecting the business of ZenaTech.
Forward-looking statements are based on certain assumptions and analyses made by the management of ZenaTech in light of its experience and understanding of historical trends and current conditions and other factors management believes are appropriate to consider, which are subject to risks and uncertainties. Although ZenaTech’s management believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect, and actual results may vary materially from the forward-looking information presented. Given these risks and uncertainties underlying the assumptions made, prospective purchasers of ZenaTech’s securities should not place undue reliance on these forward-looking statements.
Further, any forward-looking statement speaks only as of the date on which such statement is made, and, except as required by applicable law, ZenaTech undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made or to reflect the occurrence of unanticipated events. New factors emerge from time to time, and it is not possible for management to predict all such factors and to assess in advance the impact of each such factor on ZenaTech’s business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statement. Potential investors should read this document with the understanding that ZenaTech’s actual future results may be materially different from what is currently anticipated.
FAQ
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