ZenaTech’s ZenaDrone Announces the Launch of the IQ Nano Drone, for Indoor Use in Warehouse, Distribution and Plant Facilities

Rhea-AI Summary

ZenaTech (Nasdaq: ZENA) has announced the launch of its IQ Nano drone through its subsidiary ZenaDrone. The IQ Nano is a 10x10-inch indoor drone designed for warehouse, distribution, and plant facilities. It aims to improve productivity in tasks such as inventory management, facility maintenance inspections, and security monitoring.

Key features of the IQ Nano include:

• Weighs 1.5kg with up to 20 minutes of flight time
• Autonomous operation with integrated sensors and high-quality cameras
• Indoor GPS for safety and obstacle avoidance
• Charging pad for convenient maintenance
• Tethered cable option for extended flight times
• Carbon-fiber shell for durability
• Compact design for portability and storage

CEO Dr. Shaun Passley emphasizes the drone's potential to eliminate repetitive tasks and save time and money for customers in warehousing and logistics sectors.

Positive

• Launch of new product (IQ Nano drone) targeting warehouse and logistics sectors
• Potential for cost savings and improved productivity for customers
• Autonomous operation capabilities with integrated sensors and cameras
• Versatile applications including inventory management, inspections, and security monitoring
• Innovative features such as indoor GPS and obstacle avoidance for safety

Negative

• flight time of 20 minutes may require frequent recharging
• Specific market focus on indoor use may limit broader application potential

Insights

Tech Expert

The ZenaDrone IQ Nano represents a significant advancement in indoor drone technology for industrial applications. Its compact 10x10-inch size and lightweight 1.5kg design make it ideal for navigating confined spaces in warehouses and plants. The 20-minute flight time coupled with an automatic charging station ensures continuous operation, addressing a key limitation of many drones.

The integration of an indoor GPS system is particularly noteworthy, as it solves the challenge of precise navigation in GPS-denied environments. This, combined with obstacle avoidance capabilities, enhances safety and reliability for autonomous operations. The drone's ability to perform tasks like barcode scanning, RFID reading and 3D mapping could significantly streamline inventory management and facility inspections.

However, the true value proposition lies in its potential to reduce labor costs and improve efficiency in repetitive tasks. While promising, the success of this product will depend on its ease of integration with existing warehouse management systems and its ability to deliver tangible ROI for customers in terms of time and cost savings.

Market Research Analyst

The launch of the IQ Nano drone positions ZenaTech to tap into the growing market for automation in warehousing and logistics. With the global warehouse automation market projected to reach $41 billion by 2027, there's significant potential for innovative solutions like the IQ Nano.

Key features such as the tethered cable option for extended operation and the carbon-fiber shell for durability address common pain points in industrial drone usage. The focus on safety and ease of use could lower barriers to adoption, especially for companies new to drone technology.

However, ZenaTech faces competition from established players in the industrial drone space. The company's success will hinge on its ability to demonstrate clear cost savings and efficiency gains to potential customers. Additionally, regulatory compliance for indoor drone use in various jurisdictions could impact adoption rates.

Investors should monitor initial customer uptake and any partnerships with major warehousing or logistics firms as indicators of the IQ Nano's market traction and ZenaTech's potential revenue growth in this sector.

TORONTO, Oct. 10, 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 that its subsidiary, ZenaDrone, is launching its IQ Nano product, part of the IQ series of indoor/outdoor drones. The IQ Nano is designed for customers in sectors such as warehousing and logistics to save costs and improve productivity while performing indoor inspection, monitoring and tracking processes including inventory management.

The ZenaDrone IQ Nano is a 10x10-inch drone designed to perform regular and frequent inspections for applications such as bar code or RFID scanning, facility maintenance inspections, security monitoring, and 3D mapping specific to the needs of companies with warehouse, distribution, plants and industrial facilities.  It is designed for autonomous use featuring integrated sensors, high-quality cameras and data collection. Weighing 1.5kg and with a flight time of up to 20 minutes before utilizing the automatic battery charging station, it is designed for hovering stability and for safety with obstacle avoidance capabilities.

“The IQ Nano is breakthrough technology that will eliminate dull and repetitive tasks for warehouse and logistics customers, saving them significant time and money while conducting inspection, maintenance, security and inventory monitoring tasks inside their facilities,” said CEO Dr. Shaun Passley, Ph.D. “The IQ Nano incorporates our own indoor global positioning system (GPS), similar to the space-based radio-navigation GPS utility, enabling safety and obstacle avoidance indoors.”

ZenaDrone IQ Nano Features:

Charging pad: Convenient charging solution without cords or cables, making it easier to maintain multiple drones.
Tethered cable: Offers stable power and data connection for longer flight times or hovering in one place for longer periods, for real-time data transmission during indoor inspections.
Safe for indoor use: Equipped with obstacle avoidance and suitable for confined spaces where traditional drones may pose a risk.
Intelligent Battery: IQ Nano is designed to have a flight time of up to 20 minutes and features an intelligent flight battery that enhances its time in the air.
Reliable Video: The enhanced video transmission and sensing systems make it highly reliable in gathering visual data in the air.
Retractable landing gear: Enables a compact and streamlined design, improving maneuverability in limited space areas.
Durability: Carbon-fiber shell that can withstand impact without severe damage, and propeller guards to protect its rotors to ensure uninterrupted flight.
Portability: Designed to fit in a case for quick deployment from site to site for ease of carrying and designed to be unobtrusive and stackable for storage.
User-Friendly Controls: Designed so controls work alongside onboard sensing system and video transmission to provide smooth and intuitive operability even for new pilots

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.

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.

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 intention to complete the listing of ZenaTech’s common shares on an exchange; 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; 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.

Attachment

• ZenaTech Inc.

FAQ

What is the ZenaDrone IQ Nano and when was it launched?

The ZenaDrone IQ Nano is a 10x10-inch indoor drone designed for warehouse, distribution, and plant facilities. It was launched by ZenaTech (ZENA) on October 10, 2024.

What are the main features of the ZenaDrone IQ Nano?

The IQ Nano features autonomous operation, integrated sensors, high-quality cameras, indoor GPS, obstacle avoidance, a 20-minute flight time, a charging pad, tethered cable option, carbon-fiber shell, and a compact design for portability.

How can the ZenaDrone IQ Nano benefit warehouse and logistics companies?

The IQ Nano can improve productivity and save costs by performing tasks such as inventory management, facility maintenance inspections, security monitoring, and 3D mapping, eliminating repetitive tasks in warehouse and logistics operations.

What is the weight and flight time of the ZenaDrone IQ Nano?

The ZenaDrone IQ Nano weighs 1.5kg and has a flight time of up to 20 minutes before requiring recharging at its automatic battery charging station.