ZenaTech to Execute Series of Acquisitions to Launch Drone-as-a-Service
ZenaTech (Nasdaq: ZENA) has announced plans to pursue multiple acquisitions to launch its Drone-as-a-Service (DaaS) operations. The company has identified approximately 20 target companies, with several in negotiation stages. The DaaS model will allow business customers to access drone solutions on a pay-as-you-go basis, integrating ZenaDrone's AI technology for applications in farming, oil and gas, environmental monitoring, and government operations. Financing for these acquisitions has been secured from existing shareholders. The strategy aims to significantly increase company revenue through both organic growth and acquisitions while expanding their DaaS business globally.
ZenaTech (Nasdaq: ZENA) ha annunciato piani per perseguire molteplici acquisizioni per lanciare le sue operazioni di Drone-as-a-Service (DaaS). L'azienda ha identificato circa 20 aziende target, con diverse in fase di negoziazione. Il modello DaaS permetterà ai clienti aziendali di accedere a soluzioni drone su base pay-as-you-go, integrando la tecnologia AI di ZenaDrone per applicazioni nell'agricoltura, nell'industria petrolifera e del gas, nel monitoraggio ambientale e nelle operazioni governative. Il finanziamento per queste acquisizioni è stato garantito da azionisti esistenti. La strategia mira ad aumentare significativamente il fatturato dell'azienda attraverso la crescita organica e le acquisizioni, espandendo nel contempo il loro business DaaS a livello globale.
ZenaTech (Nasdaq: ZENA) ha anunciado planes para llevar a cabo múltiples adquisiciones para lanzar sus operaciones de Drone-as-a-Service (DaaS). La compañía ha identificado aproximadamente 20 empresas objetivo, con varias en etapas de negociación. El modelo DaaS permitirá a los clientes empresariales acceder a soluciones de drones en base a un pago por uso, integrando la tecnología de IA de ZenaDrone para aplicaciones en agricultura, petróleo y gas, monitoreo ambiental y operaciones gubernamentales. La financiación para estas adquisiciones ha sido asegurada por accionistas existentes. La estrategia tiene como objetivo aumentar significativamente los ingresos de la empresa a través del crecimiento orgánico y las adquisiciones, al mismo tiempo que expande su negocio DaaS a nivel mundial.
ZenaTech (Nasdaq: ZENA)는 Drone-as-a-Service (DaaS) 운영을 시작하기 위해 여러 인수 계획을 발표했습니다. 이 회사는 약 20개의 대상 회사를 확인했으며, 그 중 몇 개는 협상 단계에 있습니다. DaaS 모델은 기업 고객이 사용량 기반으로 드론 솔루션에 접근할 수 있도록 하며, 농업, 석유 및 가스, 환경 모니터링 및 정부 운영에 적용하기 위해 ZenaDrone의 AI 기술을 통합합니다. 이러한 인수를 위한 자금은 기존 주주로부터 확보되었습니다. 이 전략은 유기적 성장과 인수를 통해 회사 수익을 크게 증가시키고 DaaS 사업을 전 세계적으로 확장하는 것을 목표로 합니다.
ZenaTech (Nasdaq: ZENA) a annoncé des projets visant à réaliser plusieurs acquisitions pour lancer ses opérations de Drone-as-a-Service (DaaS). L'entreprise a identifié environ 20 entreprises cibles, dont plusieurs sont en phase de négociation. Le modèle DaaS permettra aux clients professionnels d'accéder à des solutions de drones sur une base de paiement à l'utilisation, intégrant la technologie d'IA de ZenaDrone pour des applications dans l'agriculture, le pétrole et le gaz, la surveillance environnementale et les opérations gouvernementales. Le financement de ces acquisitions a été obtenu auprès d'actionnaires existants. La stratégie vise à augmenter considérablement les revenus de l'entreprise grâce à une croissance organique et à des acquisitions, tout en élargissant leur activité DaaS à l'échelle mondiale.
ZenaTech (Nasdaq: ZENA) hat Pläne angekündigt, mehrere Übernahmen zu verfolgen, um ihre Drone-as-a-Service (DaaS) -Betriebe zu starten. Das Unternehmen hat etwa 20 Zielunternehmen identifiziert, von denen mehrere in Verhandlungen stehen. Das DaaS-Modell ermöglicht es Geschäftskunden, auf drohnengestützte Lösungen auf einer Pay-as-you-go-Basis zuzugreifen und integriert die KI-Technologie von ZenaDrone für Anwendungen in der Landwirtschaft, der Öl- und Gasindustrie, der Umweltüberwachung und der öffentlichen Verwaltung. Die Finanzierung für diese Übernahmen wurde von bestehenden Aktionären gesichert. Die Strategie zielt darauf ab, die Einnahmen des Unternehmens durch organisches Wachstum und Übernahmen erheblich zu steigern und gleichzeitig ihr DaaS-Geschäft global auszubauen.
- Secured financing from existing shareholders for acquisitions
- 20 potential acquisition targets identified with several in negotiation
- Implementation of recurring revenue model through DaaS
- Potential for significant revenue increase through acquisitions
- No specific revenue projections provided
- Acquisition costs and terms not disclosed
- Integration risks with multiple acquisitions
Insights
The planned expansion into Drone-as-a-Service through multiple acquisitions represents a significant strategic pivot, though several critical aspects warrant careful consideration. The targeting of 20 potential acquisitions simultaneously raises execution risk concerns, particularly for a company with a
The DaaS model could provide recurring revenue streams and lower barriers to entry for customers across agriculture, energy and government sectors. However, the lack of disclosed financial terms, acquisition costs, or revenue projections makes it challenging to evaluate the deal's potential impact. While existing shareholder financing provides some certainty, the scale of funding required for 20 acquisitions remains unclear.
The transition from hardware/software sales to a service-based model could improve margins and customer adoption, but success will depend heavily on post-merger integration and operational execution. Competition in the drone services market is intensifying, with established players already offering similar solutions.
TORONTO, Nov. 19, 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 will pursue a series of acquisitions to launch its Drone-as-a-Service (DaaS) operations. These acquisitions have the potential to dramatically increase company revenue and will underpin its Drone-as-a-Service (DaaS) business by integrating ZenaDrone’s drone technology into the target company operations.
The DaaS business model allows business customers such as farmers, oil and gas companies, environmental firms, or government departments to utilize a complete drone solution for a specific application─ i.e., a 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 operations and eliminate 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.
“Organic growth and growth by acquisition have always been a cornerstone of our strategy. This series of new acquisitions includes approximately 20 identified company targets with several currently at the negotiation stage. These acquisitions have the potential to add significant revenue and will power the roll-out of our innovative DaaS business globally,” said CEO Shaun Passley, Ph.D.
ZenaTech has secured financing for this series of acquisitions from current shareholders. For more information, please refer to the Company’s Form 6-K filing which can be accessed on the SEC website.
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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