ZenaTech Signs Blue UAS and NDAA Compliant Supply Chain Partners to Sell to US Defense Branches and NATO Forces
ZenaTech (Nasdaq: ZENA) has signed Blue UAS and NDAA-compliant partner agreements for its supply chain to sell ZenaDrone 1000 AI drone solutions to US Defense branches and NATO forces. Following a Taiwan Trade Mission organized by the Arizona Commerce Authority, ZenaTech confirms all ZenaDrone's electrical components will comply with NDAA standards. The company previously completed paid trials with US Air Force and Naval Research for critical cargo transport. The next steps include completing the Green UAS list process before Blue UAS certification, enabling expanded military business opportunities. The company plans to conduct DoD demonstrations near its Phoenix offices.
ZenaTech (Nasdaq: ZENA) ha firmato accordi di partner conformi a Blue UAS e NDAA per la sua catena di fornitura per vendere soluzioni per droni ZenaDrone 1000 AI ai rami della difesa degli Stati Uniti e alle forze NATO. A seguito di una missione commerciale a Taiwan organizzata dall'Arizona Commerce Authority, ZenaTech conferma che tutti i componenti elettrici del ZenaDrone saranno conformi agli standard NDAA. L'azienda ha precedentemente completato prove a pagamento con l'US Air Force e la Naval Research per il trasporto di carichi critici. I prossimi passi includono il completamento del processo per la lista Green UAS prima della certificazione Blue UAS, per consentire opportunità commerciali militari ampliate. L'azienda prevede di condurre dimostrazioni del DoD vicino ai suoi uffici di Phoenix.
ZenaTech (Nasdaq: ZENA) ha firmado acuerdos de asociación compatibles con Blue UAS y NDAA para su cadena de suministro para vender soluciones de drones ZenaDrone 1000 AI a las ramas de defensa de EE. UU. y fuerzas de la OTAN. Tras una misión comercial en Taiwán organizada por la Arizona Commerce Authority, ZenaTech confirma que todos los componentes eléctricos del ZenaDrone cumplirán con los estándares del NDAA. La empresa completó previamente ensayos remunerados con la Fuerza Aérea de EE. UU. y la Naval Research para el transporte de carga crítica. Los próximos pasos incluyen completar el proceso de la lista Green UAS antes de la certificación Blue UAS, lo que permitirá ampliar las oportunidades comerciales militares. La empresa planea realizar demostraciones del DoD cerca de sus oficinas en Phoenix.
제나테크 (Nasdaq: ZENA)는 공급망을 위한 Blue UAS 및 NDAA 준수 파트너 계약을 체결하여 제나드론 1000 AI 드론 솔루션을 미국 국방부 및 NATO 군대에 판매합니다. 아리조나 상무부가 조직한 대만 무역 미션에 따라, 제나테크는 모든 제나드론의 전기 부품이 NDAA 기준을 준수할 것이라고 확인했습니다. 이 회사는 미국 공군 및 해양 연구국과 함께 중요한 화물 운송을 위한 유료 시험을 완료했습니다. 다음 단계는 Blue UAS 인증을 위한 Green UAS 목록 프로세스를 완료하여 군사 비즈니스 기회를 확대하는 것입니다. 이 회사는 피닉스 사무소 근처에서 DoD 시演을 실시할 계획입니다.
ZenaTech (Nasdaq: ZENA) a signé des accords de partenariat conformes aux exigences de Blue UAS et NDAA pour sa chaîne d'approvisionnement afin de vendre des solutions de drones ZenaDrone 1000 AI aux branches de défense américaines et aux forces de l'OTAN. Suite à une mission commerciale à Taïwan organisée par l'Arizona Commerce Authority, ZenaTech confirme que tous les composants électriques du ZenaDrone respecteront les normes NDAA. L'entreprise a déjà réalisé des essais rémunérés avec l'US Air Force et la Naval Research pour le transport de cargaisons critiques. Les prochaines étapes comprennent l'achèvement du processus de liste Green UAS avant la certification Blue UAS, ce qui permettra d'élargir les opportunités commerciales militaires. L'entreprise prévoit de mener des démonstrations du DoD près de ses bureaux à Phoenix.
ZenaTech (Nasdaq: ZENA) hat partnervereinbarungen abgeschlossen, die den Anforderungen von Blue UAS und NDAA entsprechen, um seine Lieferkette für den Verkauf von ZenaDrone 1000 AI-Drohnenlösungen an die US-Verteidigungsdienste und NATO-Truppen zu nutzen. Nach einer Handelsmission nach Taiwan, die von der Arizona Commerce Authority organisiert wurde, bestätigt ZenaTech, dass alle elektrischen Komponenten des ZenaDrone den NDAA-Standards entsprechen. Das Unternehmen hat bereits bezahlte Tests mit der US-Luftwaffe und der Naval Research für den kritischen Frachttransport abgeschlossen. Die nächsten Schritte umfassen den Abschluss des Green UAS-Listenverfahrens vor der Blue UAS-Zertifizierung, um erweiterte militärische Geschäftsmöglichkeiten zu ermöglichen. Das Unternehmen plant, DoD-Demonstrationen in der Nähe seiner Büros in Phoenix durchzuführen.
- Previously completed paid trials with US Air Force and US Naval Research
- Secured NDAA-compliant supply chain partnerships enabling access to US defense market
- Progress towards Blue UAS certification expanding potential military contracts
- None.
Insights
The strategic move to secure Blue UAS and NDAA compliant partnerships represents a significant milestone for ZenaTech's military market entry. Previous paid trials with the US Air Force and Naval Research for critical cargo transport demonstrate existing military interest. However, the path to full Blue UAS certification still requires completing the Green UAS process, indicating revenue impact remains several months away.
The NDAA compliance restructuring, particularly moving away from Chinese components, will likely increase production costs but is essential for accessing the lucrative defense market. The Arizona desert testing location offers ideal conditions for military demonstrations and could accelerate the certification timeline. The company's focus on blood transport capabilities addresses a critical military logistics need worth
Achieving NDAA compliance and pursuing Blue UAS certification positions ZenaTech to tap into the substantial US defense procurement system. The step-by-step approach - starting with supply chain partnerships, then Green UAS, followed by Blue UAS certification - aligns with standard defense contractor qualification procedures. The Arizona Commerce Authority backing adds credibility and facilitates necessary introductions to military decision-makers.
However, investors should note that defense contracts typically have long sales cycles, often 12-24 months from demonstration to procurement. The company's small market cap of
TORONTO, Nov. 21, 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 that it has signed Blue Unmanned Aerial Systems (UAS) and US National Defense Authorization Act (NDAA) compliant partner agreements for its supply chain in order to sell its ZenaDrone 1000 AI drone solutions to US Defense branches and to NATO forces. Through its subsidiary ZenaDrone, the Company recently participated in a Taiwan Trade Mission organized by the Arizona Commerce Authority (ACA) that directly resulted in these partnerships.
ZenaTech can now confirm that all ZenaDrone’s electrical components and supply chain will comply with NDAA standards. ZenaDrone previously completed paid trials with both the US Air Force and US Naval Research using its drones for carrying critical cargo -- such as blood -- in the field.
“Our strategic relationship with the Arizona Commerce Authority has resulted in these important NDAA-compliant partners needed in order to qualify for the Blue UAS list. The next step is to complete the Green UAS list process, then we will be ready for the Blue UAS certification to be able to execute our plans to do more business with military organizations in the US, NATO and beyond,” said CEO Shaun Passley, Ph.D.
NDAA compliance refers to adhering to the provisions outlined in the National Defense Authorization Act, which is a set of US federal laws passed every year that specify the budget and expenditures for the Department of Defense (DoD) and address growing cybersecurity concerns. For a product to be NDAA compliant, it must not be produced by a set list of Chinese manufacturers. This provision extends to products, chipsets, cameras, displays, and other technology used.
The Blue UAS program is a stringent government approved supplier list of drone companies that wish to do business with the US DoD. Suppliers must meet strict NDAA cyber security and supply chain sourcing requirements. The Green UAS program is essential, the same as the blue UAS program, only with a more streamlined and faster process and without the specifications on country of origin for manufacturing.
The ACA is a longstanding ZenaDrone partner and Arizona will be the site for DoD demonstrations. The company plans to host these demonstrations in the Arizona desert near the ZenaDrone offices in Phoenix.
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 for 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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