ZenaTech’s AI Drone Company Acquires Drone Design Patent From Former Parent Company
ZenaTech (Nasdaq: ZENA) announces its subsidiary ZenaDrone is acquiring a US Design Patent for the second-generation ZenaDrone 1000 drone design from its former parent company. The patent (US D1,005,883 S) includes design improvements enabling increased payload capacity from 20 lbs. to 80 lbs., longer flight times through rotating arms and wind gliding capabilities. The ZenaDrone 1000, an autonomous quadcopter with eight rotors, is designed for industrial applications including agriculture, defense, oil and gas, and utilities. The drone has been tested with the US military for delivering temperature-controlled medical supplies.
ZenaTech (Nasdaq: ZENA) annuncia che la sua sussidiaria ZenaDrone sta acquisendo un brevetto di design statunitense per il design della seconda generazione del drone ZenaDrone 1000 dalla sua ex azienda madre. Il brevetto (US D1,005,883 S) include miglioramenti nel design che aumentano la capacità di carico da 20 libbre a 80 libbre, prolungano i tempi di volo grazie a braccia rotanti e offrono capacità di planata nel vento. Il ZenaDrone 1000, un quadricottero autonomo con otto rotori, è progettato per applicazioni industriali tra cui agricoltura, difesa, petrolio e gas, e servizi pubblici. Il drone è stato testato con l'esercito statunitense per la consegna di forniture mediche a temperatura controllata.
ZenaTech (Nasdaq: ZENA) anuncia que su subsidiaria ZenaDrone está adquiriendo una patente de diseño estadounidense para el diseño de segunda generación del dron ZenaDrone 1000 de su antigua empresa matriz. La patente (US D1,005,883 S) incluye mejoras de diseño que permiten aumentar la capacidad de carga de 20 a 80 libras, tiempos de vuelo más largos gracias a brazos giratorios y capacidades de planeo en el viento. El ZenaDrone 1000, un cuatrirrotor autónomo con ocho rotores, está diseñado para aplicaciones industriales que incluyen agricultura, defensa, petróleo y gas, y servicios públicos. El dron ha sido probado con el ejército estadounidense para la entrega de suministros médicos controlados por temperatura.
ZenaTech (Nasdaq: ZENA)는 자회사 ZenaDrone이 구 모회사가 보유한 ZenaDrone 1000 드론 디자인에 대한 미국 디자인 특허를 취득한다고 발표했습니다. 해당 특허(US D1,005,883 S)에는 20파운드에서 80파운드로 증가한 하중 용량, 회전 팔을 통한 비행 시간 연장, 바람에서의 활공 능력과 같은 디자인 개선 사항이 포함되어 있습니다. ZenaDrone 1000은 8개의 로터가 장착된 자율 쿼드콥터로, 농업, 방위, 석유 및 가스, 공공 서비스 등 산업용 애플리케이션을 위해 설계되었습니다. 이 드론은 군용으로 온도 조절이 가능한 의료 물품을 전달하기 위해 미군에서 테스트되었습니다.
ZenaTech (Nasdaq: ZENA) annonce que sa filiale ZenaDrone acquiert un brevet de design américain pour le design de deuxième génération du drone ZenaDrone 1000 de son ancien propriétaire. Le brevet (US D1,005,883 S) comprend des améliorations de design permettant d'augmenter la capacité de charge de 20 lbs à 80 lbs, de prolonger les temps de vol grâce à des bras rotatifs et d'offrir des capacités de vol plané dans le vent. Le ZenaDrone 1000, un quadricoptère autonome à huit rotors, est conçu pour des applications industrielles telles que l'agriculture, la défense, le pétrole et le gaz, ainsi que les services publics. Le drone a été testé avec l'armée américaine pour la livraison de fournitures médicales contrôlées en température.
ZenaTech (Nasdaq: ZENA) gibt bekannt, dass ihre Tochtergesellschaft ZenaDrone ein US-Designpatent für das Design der zweiten Generation des ZenaDrone 1000 von ihrem ehemaligen Mutterunternehmen erwirbt. Das Patent (US D1,005,883 S) umfasst Designverbesserungen, die eine Erhöhung der Nutzlastkapazität von 20 lbs. auf 80 lbs. ermöglichen, längere Flugzeiten durch drehbare Arme und die Fähigkeit zum Gleiten im Wind. Der ZenaDrone 1000, ein autonomer Quadrocopter mit acht Rotoren, ist für industrielle Anwendungen wie Landwirtschaft, Verteidigung, Öl und Gas sowie Versorgungsunternehmen konzipiert. Der Drohne wurde in Zusammenarbeit mit dem US-Militär getestet, um temperaturgeführte medizinische Hilfsgüter zu liefern.
- Patent acquisition strengthens intellectual property portfolio
- Significant payload capacity increase from 20 lbs to 80 lbs
- Enhanced drone capabilities including rotating arms and wind gliding features
- Military testing partnership for medical supply delivery
- Diversified application potential across multiple industries
- Patent acquisition subject to shareholder and regulatory approvals
- Dependency on former parent company for patent acquisition
Insights
The acquisition of this drone design patent marks a significant technological advancement with substantial commercial implications. The patent's key features - rotating arms for wind-assisted gliding and a 4x increase in payload capacity from
The enhanced capabilities directly target high-value sectors including defense, agriculture and energy. The design improvements particularly strengthen ZenaDrone's position in the military logistics market, where the temperature-controlled medical supply delivery capability addresses a critical need. The patent's protection of these design elements creates barriers to entry and helps secure ZenaTech's market position in the rapidly growing commercial drone sector.
This strategic patent acquisition strengthens ZenaTech's competitive position in the
The existing military pilot programs and agricultural implementations provide validated use cases, reducing market entry barriers. However, investors should note that the patent acquisition still requires shareholder and regulatory approvals, introducing some execution risk. The company's small market cap of
TORONTO, Oct. 24, 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 announces that its subsidiary, ZenaDrone, is acquiring a United States Design Patent for a drone design pertaining to the second-generation drone design used in its ZenaDrone 1000 product. This patent includes changes to the first-generation design to improve flight times and increase the payload capacity.
The patent (US D1,005,883 S) was granted by the US Patent and Trademark Office in November 2023 by ZenaTech’s former parent company. The patent acquisition is subject to shareholder and regulatory approvals that may be required.
Contained in the patent are designs for rotating arms enabling the rotors to operate at different angles, using the wind for gliding and power preservation for longer flight times. The patent also includes designs for a larger, yet sleeker and more aerodynamic body of the drone, which allows payloads to increase from 20 lbs. to 80 lbs. The design also enables the drone to be better utilized for carrying cargo, spraying, seeding, and adding other hardware attachments for specific uses.
“The expansion of our patent portfolio is integral to building company assets as well as protecting our unique drone hardware inventions. This patent is key to flight time and performance improvements of the ZenaDrone 1000, facilitating continued development for Agriculture, Defense, Oil and Gas, Utilities, as well as specific applications like crop management, military cargo, and others where we see growing demand,” said CEO Shaun Passley, Ph.D.
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.
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.
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 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.
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; the ability to deliver products to the market as currently contemplated; ZenaTech’s expectations regarding its revenue, expenses, and operations; 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; the completion of anticipated acquisitions of assets and patents; 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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