ZenaTech Plans to Disrupt the Land Survey Industry With Drones, Signs LOI for Land Survey Company Acquisition
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 (Nasdaq: ZENA) ha firmato una Lettera di Intenti per acquisire un'azienda di rilevamento terreni nel sud-est degli Stati Uniti, segnando il suo ingresso nel modello di business del Drone-as-a-Service (DaaS). Questa acquisizione fa parte di una strategia più ampia per rivoluzionare l'industria dei Servizi di Rilevamento e Mappatura degli Stati Uniti, del valore di 10,3 miliardi di dollari, attraverso la tecnologia dei droni.
L'azienda mira a trasformare i metodi tradizionali di rilevamento territoriale utilizzando droni piloti a distanza e autonomi dotati di sensori, telecamere, LiDAR e sistemi GPS. Questa tecnologia consente di completare i rilievi in poche ore anziché in settimane o mesi, offrendo maggiore precisione ed efficienza per vari progetti, tra cui strade, ponti e edifici.
Il modello DaaS di ZenaTech fornirà una soluzione pay-as-you-go per governi, agricoltori, compagnie petrolifere e del gas, e aziende ambientali, eliminando la necessità di acquisti completi di hardware e software, sfruttando al contempo le capacità dell'IA per migliorare la produttività.
ZenaTech (Nasdaq: ZENA) ha firmado una Carta de Intención para adquirir una empresa de topografía en el sureste de EE. UU., marcando su entrada en el modelo de negocio de Drone-as-a-Service (DaaS). Esta adquisición es parte de una estrategia más amplia para revolucionar la industria de Servicios de Topografía y Mapeo en EE. UU., valorada en 10.3 mil millones de dólares, a través de la tecnología de drones.
La empresa tiene como objetivo transformar los métodos tradicionales de topografía utilizando drones pilotados a distancia y autónomos equipados con sensores, cámaras, LiDAR y sistemas GPS. Esta tecnología puede completar los estudios en horas en lugar de semanas o meses, ofreciendo mayor precisión y eficiencia para diversos proyectos como carreteras, puentes y edificios.
El modelo DaaS de ZenaTech proporcionará una solución de pago por uso para gobiernos, agricultores, compañías de petróleo y gas, y empresas ambientales, eliminando la necesidad de compras completas de hardware y software, mientras se aprovechan las capacidades de IA para mejorar la productividad.
ZenaTech (Nasdaq: ZENA)는 동남부 미국의 토지 측량 회사를 인수하기 위한 의향서를 체결하며 드론 서비스(DaaS) 사업 모델에 진입했습니다. 이 인수는 드론 기술을 통해 103억 달러 규모의 미국 측량 및 매핑 서비스 산업을 혁신하려는 더 큰 전략의 일환입니다.
회사는 센서, 카메라, LiDAR 및 GPS 시스템을 갖춘 원격 조종 및 자율 드론을 활용하여 전통적인 토지 측량 방법을 변혁할 계획입니다. 이 기술은 몇 주 또는 몇 달이 아닌 몇 시간 안에 조사 작업을 완료할 수 있어, 도로, 다리 및 건물 등 다양한 프로젝트에 대해 향상된 정확성과 효율성을 제공합니다.
ZenaTech의 DaaS 모델은 정부, 농부, 석유 및 가스 회사, 환경 회사에 대한 사용량 기준의 솔루션을 제공하여 전체 하드웨어 및 소프트웨어 구매의 필요성을 없애고, 생산성을 향상시키기 위한 AI 기능을 활용합니다.
ZenaTech (Nasdaq: ZENA) a signé une lettre d'intention pour acquérir une entreprise de topographie dans le sud-est des États-Unis, marquant son entrée dans le modèle commercial Drone-as-a-Service (DaaS). Cette acquisition fait partie d'une stratégie plus large visant à révolutionner l'industrie des services de topographie et de cartographie aux États-Unis, évaluée à 10,3 milliards de dollars, grâce à la technologie des drones.
L'entreprise vise à transformer les méthodes traditionnelles de topographie en utilisant des drones pilotés à distance et autonomes équipés de capteurs, de caméras, de LiDAR et de systèmes GPS. Cette technologie peut réaliser des études en quelques heures au lieu de semaines ou de mois, offrant ainsi une précision et une efficacité accrues pour divers projets tels que des routes, des ponts et des bâtiments.
Le modèle DaaS de ZenaTech proposera une solution de paiement à l'utilisation pour les gouvernements, les agriculteurs, les entreprises pétrolières et gazières, ainsi que pour les entreprises environnementales, éliminant ainsi le besoin d'achats complets de matériel et de logiciels tout en tirant parti des capacités de l'IA pour améliorer la productivité.
ZenaTech (Nasdaq: ZENA) hat ein Absichtserklärung zur Übernahme eines Vermessungsunternehmens im Südosten der USA unterzeichnet, was den Eintritt in das Geschäftsmodell Drone-as-a-Service (DaaS) markiert. Diese Übernahme ist Teil einer größeren Strategie zur Revolutionierung der 10,3 Milliarden US-Dollar schweren Branche der Vermessungs- und Kartierungsdienste in den USA durch Drohnentechnologie.
Das Unternehmen hat sich zum Ziel gesetzt, traditionelle Vermessungsmethoden durch den Einsatz von ferngesteuerten und autonomen Drohnen mit Sensoren, Kameras, LiDAR und GPS-Systemen zu transformieren. Diese Technologie kann Vermessungen innerhalb von Stunden anstelle von Wochen oder Monaten abschließen und bietet verbesserte Genauigkeit und Effizienz für verschiedene Projekte, einschließlich Straßen, Brücken und Gebäude.
Das DaaS-Modell von ZenaTech wird eine nutzungsabhängige Lösung für Regierungen, Landwirte, Öl- und Gasunternehmen sowie Umweltfirmen bieten, wodurch die Notwendigkeit entfällt, komplette Hardware- und Softwarekäufe zu tätigen, während die KI-Fähigkeiten zur Verbesserung der Produktivität genutzt werden.
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TORONTO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone solutions and enterprise SaaS (Software-as-a-Service) solutions, announces today that it has signed an LOI (Letter of Intent) to acquire its first land survey company, part of a larger roll-up strategy to disrupt the land survey industry by accelerating the use of drones for speed, accuracy and innovation benefits. The signed agreement is with a US company, which will form the base of the DaaS (Drone-as-a-Service) business in the Southeast US region.
“This is a crucial step in the establishment of our DaaS strategy, which includes the disruption of an established land survey business ecosystem. We have a unique opportunity to significantly disrupt the land survey business through drone technologies and the DaaS business model. This is analogous to the way Uber disrupted the taxi industry. We believe these acquisitions have the potential to add significant revenue and power the roll-out of our DaaS business in the US and globally,” said CEO Shaun Passley, Ph.D.
The US Surveying and Mapping Services industry is estimated at
Accurate land surveys are essential for the planning, design, and execution of roads, bridges, and building projects for cities, commercial, and residential projects, and are required for legal purposes. ZenaTech is focused on smaller land survey engineering firms with an overseeing licensed Surveyor-in-Charge, a valuable designation that takes years to achieve. The use of drones requires FAA licensing and drone expertise, hardware, and software that ZenaDrone will bring to the transaction.
ZenaTech’s DaaS business model allows governments, farmers, oil and gas companies, environmental firms, etc. to utilize a complete drone solution for a specific application─ i.e. land surveying, crop management, inspection, safety, or compliance application, and purchase it on a pay-as-you-go basis rather than having to buy the entire drone hardware and software solution. This business model provides cost-effective access to the enhanced productivity benefits and AI capabilities offered by drone technology to optimize time, improve precision, and eliminate outdated or manual processes.
ZenaDrone’s multifunction AI drones will be offered in the DaaS business model both directly by the company and through its business partners.
About ZenaTech
ZenaTech (Nasdaq: ZENA) (FSE: 49Q) 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 solutions in law enforcement, 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 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 applications. Currently, the ZenaDrone 1000 drone is used for crop management applications in agriculture and critical field cargo applications in the defense sector, and the IQ Nano indoor drone is used for inventory management in the warehouse and logistics sectors.
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; 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.
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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