ZenaTech Acquires Miller Land Surveying to Boost AI Drone Services in Southeast US

ZenaTech Expands AI Drone Services with Strategic Acquisition

ZenaTech, Inc. (NASDAQ: ZENA), a company specializing in AI drone technology, has completed the acquisition of Miller Land Surveying Corporation, a Florida-based firm with a 40-year history in land survey and mapping 1

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. This move marks ZenaTech's third acquisition in the Southeast region and fourth in the United States, advancing its strategy to disrupt the land survey industry by integrating drone technology 2

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Expanding Drone-as-a-Service (DaaS) Business Model

The acquisition is part of ZenaTech's broader vision to establish a national Drone-as-a-Service (DaaS) business. This model offers clients such as government agencies, real estate developers, and energy companies access to advanced drone technology without the need for ownership or specialized training 1

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. The company's CEO, Shaun Passley, Ph.D., emphasized the alignment of Miller's experience with ZenaTech's innovative approach, aiming to enhance residential and business land surveys with drone capabilities 2

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Technological Advancements in Land Surveying

ZenaTech's integration of drones in land surveying is expected to provide significant speed and accuracy improvements. Drones equipped with sensors, cameras, LiDAR, and GPS systems can rapidly collect aerial data over large areas, a process that traditionally takes much longer 1

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. This technological advancement comes as the global drone surveying market is projected to grow to over USD $8 billion by 2030, with a CAGR of 15-20% 2

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ZenaTech's Growth Strategy and Financial Overview

ZenaTech's growth strategy includes leveraging its software development expertise and expanding its drone design and manufacturing capabilities through its subsidiary, ZenaDrone. The company serves various sectors, including agriculture, defense, law enforcement, and industrial applications 1

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. While ZenaTech maintains a healthy current ratio of 2.17, indicating strong short-term liquidity, it faces challenges with rapid cash consumption and negative EBITDA of $2.04 million 1

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Recent Developments and Expansion

In recent news, ZenaTech has been actively expanding its operations and workforce. The company announced plans to expand its ZenaDrone manufacturing capabilities in Phoenix, Arizona, adding up to 2,000 square feet of production space and creating over 150 new jobs by the end of 2026 1

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. Additionally, ZenaTech has increased its workforce by hiring 35 engineers and technicians to support its growing production needs 1

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Future Outlook and Market Potential

The integration of AI and drone technology in land surveying represents a significant shift in the industry. With the global drone surveying market expected to reach USD $8 billion by 2030, ZenaTech is positioning itself to capitalize on this growth 2

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. The company's DaaS model aims to reduce upfront costs for customers by offering drone technology on a subscription or pay-per-use basis, potentially disrupting traditional surveying methods and opening new opportunities in various sectors 2

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