ZenaTech Aims to Revolutionize Land Surveying with AI-Powered Drone-as-a-Service Model

ZenaTech Announces Second Land Survey Acquisition With a Signed LOI, Bringing Drone-as-a-Service Innovation to a US $10.3 Billion Industry - ZenaTech (NASDAQ:ZENA)

TORONTO, Dec. 10, 2024 (GLOBE NEWSWIRE) -- ZenaTech, Inc. 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 has signed a second land survey acquisition LOI (Letter of Intent) to acquire an additional land survey company. This is part of a larger acquisition strategy to disrupt the land survey business and other industries, by accelerating the innovation, speed and precision benefits achieved by using AI drones. The signed agreement is with an established land survey engineering firm located in the Southern area of the US, adding another potential acquisition to the one previously announced in the Southeast US region, adding to the roll out of ZenaTech's Drone-as-a-Service (DaaS) business in the US. "This signed LOI to acquire a second US land survey company will further expedite our DaaS strategy to bring AI drone hardware, software, and expertise to innovate and improve the operations of many traditional business verticals. We are currently working through negotiations on a pipeline of over 20 acquisitions. It is exciting to have the opportunity to be the first drone company to launch a DaaS business model at scale, adding the potential for significant revenue in the US and globally," said CEO Shaun Passley, Ph.D. Drone-as-a-Service, like Software-as-a-Service, is a subscription-based or pay-as-you-go service model where business users can benefit from the efficiencies of using a drone solution in their business for a variety of applications from surveillance, and inspection, to compliance and safety and specific industry applications, on a regular or periodic basis instead of having to buy or physically own the hardware, software and acquire the expertise needed to implement. Companies in a variety of verticals like the land survey industry, where drones are just starting to be regularly used, can benefit from the innovation, speed, and precision of drones while saving on having to make a costly investment and qualifying for the US FAA (Federal Aviation Administration) and other regulatory and pilot certifications that are required. The US Surveying and Mapping Services industry is estimated at $10.3 billion according to Business Research Insights, growing at least 3% annually. Remotely piloted and autonomous drones with an array of sensors and cameras, LiDAR (Light Detection and Ranging), and GPS systems for capturing high-resolution pictures and data are positioned to revolutionize the industry. Aerial data across expansive terrains can be gathered and analyzed in a matter of hours instead of the typical weeks or months required using traditional methods. Accurate land surveys are essential for the planning, design, and execution of roads, bridges, and building projects for cities, commercial, and residential projects, and are required for legal purposes. ZenaTech is focused on smaller land survey engineering firms with a valuable network of clients and licensed surveyors and a Surveyor-in-Charge, designations that take years to achieve. ZenaTech's DaaS business model will target multiple US sectors and customers such as governments, farmers, oil and gas companies, warehouse and logistics customers, and environmental firms, enabling them to utilize a complete drone application using the ZenaDrone 1000 multifunction autonomous drone or the IQ Nano compact indoor/outdoor autonomous drone. About ZenaTech ZenaTech 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 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. ZENAZenaTech Inc$5.68-3.24%WatchlistOverviewMarket News and Data brought to you by Benzinga APIs

ZenaTech Plans to Disrupt the Land Survey Industry With Drones, Signs LOI for Land Survey Company Acquisition - ZenaTech (NASDAQ:ZENA)

TORONTO, Dec. 05, 2024 (GLOBE NEWSWIRE) -- ZenaTech, Inc. 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 has signed an LOI (Letter of Intent) to acquire its first land survey company, part of a larger roll-up strategy to disrupt the land survey industry by accelerating the use of drones for speed, accuracy and innovation benefits. The signed agreement is with a US company, which will form the base of the DaaS (Drone-as-a-Service) business in the Southeast US region. "This is a crucial step in the establishment of our DaaS strategy, which includes the disruption of an established land survey business ecosystem. We have a unique opportunity to significantly disrupt the land survey business through drone technologies and the DaaS business model. This is analogous to the way Uber disrupted the taxi industry. We believe these acquisitions have the potential to add significant revenue and power the roll-out of our DaaS business in the US and globally," said CEO Shaun Passley, Ph.D. The US Surveying and Mapping Services industry is estimated at $10.3 billion according to Business Research Insights, growing at least 3% annually. Remotely piloted and autonomous drones with an array of sensors and cameras, LiDAR (Light Detection and Ranging), and GPS systems for capturing high-resolution pictures and data are revolutionizing the land survey industry. Aerial data across expansive terrains can be gathered and analyzed in a matter of hours instead of the typical weeks or months required using traditional methods. Accurate land surveys are essential for the planning, design, and execution of roads, bridges, and building projects for cities, commercial, and residential projects, and are required for legal purposes. ZenaTech is focused on smaller land survey engineering firms with an overseeing licensed Surveyor-in-Charge, a valuable designation that takes years to achieve. The use of drones requires FAA licensing and drone expertise, hardware, and software that ZenaDrone will bring to the transaction. ZenaTech's DaaS business model allows governments, farmers, oil and gas companies, environmental firms, etc. to utilize a complete drone solution for a specific application-- i.e. land surveying, 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 time, improve precision, and eliminate outdated or 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. About ZenaTech ZenaTech 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 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. Market News and Data brought to you by Benzinga APIs

ZenaTech Plans to Disrupt the Land Survey Industry With Drones, Signs LOI for Land Survey Company Acquisition By Investing.com

TORONTO, Dec. 05, 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 has signed an LOI (Letter of Intent) to acquire its first land survey company, part of a larger roll-up strategy to disrupt the land survey industry by accelerating the use of drones for speed, accuracy and innovation benefits. The signed agreement is with a US company, which will form the base of the DaaS (Drone-as-a-Service) business in the Southeast US region. This is a crucial step in the establishment of our DaaS strategy, which includes the disruption of an established land survey business ecosystem. We have a unique opportunity to significantly disrupt the land survey business through drone technologies and the DaaS business model. This is analogous to the way Uber (NYSE:UBER) disrupted the taxi industry. We believe these acquisitions have the potential to add significant revenue and power the roll-out of our DaaS business in the US and globally, said CEO Shaun Passley, Ph.D. The US Surveying and Mapping Services industry is estimated at $10.3 billion according to Business Research Insights, growing at least 3% annually. Remotely piloted and autonomous drones with an array of sensors and cameras, LiDAR (Light Detection and Ranging), and GPS systems for capturing high-resolution pictures and data are revolutionizing the land survey industry. Aerial data across expansive terrains can be gathered and analyzed in a matter of hours instead of the typical weeks or months required using traditional methods. Accurate land surveys are essential for the planning, design, and execution of roads, bridges, and building projects for cities, commercial, and residential projects, and are required for legal purposes. ZenaTech is focused on smaller land survey engineering firms with an overseeing licensed Surveyor-in-Charge, a valuable designation that takes years to achieve. The use of drones requires FAA licensing and drone expertise, hardware, and software that ZenaDrone will bring to the transaction. ZenaTech's DaaS business model allows governments, farmers, oil and gas companies, environmental firms, etc. to utilize a complete drone solution for a specific application "€ i.e. land surveying, 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 time, improve precision, and eliminate outdated or 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. 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 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. 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.

How the Latest Drone Technology is Reshaping the Construction & Land Surveying Industry By Investing.com

PALM BEACH, Fla., Dec. 05, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Drone technology usage has been and is being utilized in various industries worldwide. In fact, drones are the most popular land surveying equipment that can improve the efficiency and flexibility of field surveys, particularly topographic surveys, through aerial photography and mapping by capturing data via video and GNSS. The rising urbanization and industrialization in developing countries is a key factor fueling the growth of the land survey equipment market. The governments in developing countries such as India, Peru, and China are planning different smart city projects, which would need surveying and inspection activities before the actual construction process. Further, major cities in the US, India, and China are rapidly expanding, and several new infrastructures are being constructed in different parts of these countries. Several plans for the development of smart cities are rolled out, and land survey equipment plays a critical role in surveying development sites in the planning stage. A report from The Insight Partners said that the Land Survey Equipment market is expected to Reach US$ 12.56 Billion by 2028 reach US$ 12,568.4 million by 2031 from US$ 8,068.0 million in 2022, at a CAGR of 7.7% during the forecast period. The governments in developing countries are planning smart city projects that need to be surveyed and inspected thoroughly before beginning the construction process. Therefore, increasing initiatives for smart city development are driving the need for land survey equipment. Active Companies in the markets today include: ZenaTech, Inc. (NASDAQ: ZENA), AgEagle Aerial Systems Inc. (NYSE: UAVS), ParaZero Technologies Ltd. (NASDAQ: PRZO), Ondas Holdings Inc. (NASDAQ: ONDS), EHang Holdings Limited (NASDAQ: EH). The report said: Technological Innovations: The increasing demand for land survey equipment in construction, renewable energy, mining, oil & gas, forestry, precision farming, disaster management, and transportation industries, as well as in scientific and geological research and utilities, drives the market. Digitalization: Digitalization in land surveying helps in precise measurements with high efficiency and data integration at lower land survey costs. Distances and angles can be measured precisely and quickly, and the data can be combined using software to construct a number of land surveys. ZenaTech Inc.'s (NASDAQ:ZENA) Plans to Disrupt the Land Survey Industry with Drones, Signs LOI for Land Survey Company Acquisition " ZenaTech (ZenaTech) (FSE: 49Q), a technology company specializing in AI (Artificial Intelligence) drone solutions and enterprise SaaS (Software-as-a-Service) solutions, announces today that it has signed an LOI (Letter of Intent) to acquire its first land survey company, part of a larger roll-up strategy to disrupt the land survey industry by accelerating the use of drones for speed, accuracy and innovation benefits. The signed agreement is with a US company, which will form the base of the DaaS (Drone-as-a-Service) business in the Southeast US region. This is a crucial step in the establishment of our DaaS strategy, which includes the disruption of an established land survey business ecosystem. We have a unique opportunity to significantly disrupt the land survey business through drone technologies and the DaaS business model. This is analogous to the way Uber (NYSE:UBER) disrupted the taxi industry. We believe these acquisitions have the potential to add significant revenue and power the roll-out of our DaaS business in the US and globally, said CEO Shaun Passley, Ph.D. The US Surveying and Mapping Services industry is estimated at $10.3 billion according to Business Research Insights, growing at least 3% annually. Remotely piloted and autonomous drones with an array of sensors and cameras, LiDAR (Light Detection and Ranging), and GPS systems for capturing high-resolution pictures and data are revolutionizing the land survey industry. Aerial data across expansive terrains can be gathered and analyzed in a matter of hours instead of the typical weeks or months required using traditional methods. Accurate land surveys are essential for the planning, design, and execution of roads, bridges, and building projects for cities, commercial, and residential projects, and are required for legal purposes. ZenaTech is focused on smaller land survey engineering firms with an overseeing licensed Surveyor-in-Charge, a valuable designation that takes years to achieve. The use of drones requires FAA licensing and drone expertise, hardware, and software that ZenaDrone will bring to the transaction. ZenaTech's DaaS business model allows governments, farmers, oil and gas companies, environmental firms, etc. to utilize a complete drone solution for a specific application" i.e., land surveying, 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 time, improve precision, and eliminate outdated or 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. " CONTINUED| Read this full release for ZENA by visiting: https://www.financialnewsmedia.com/news-zena/ Other recent developments in the technology industry include: AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, recently announced the appointment of L.B. Day to the Company's Board of Directors effective November 17, 2024. AgEagle CEO Bill Irby commented, We are thrilled to announce the appointment of L.B. Day to our Board of Directors. His unparalleled expertise in strategic planning, marketing, and executive team development will be invaluable as we continue to drive innovation and growth. L.B.'s track record speaks for itself, and we are confident that his insights and leadership will help us navigate the challenges ahead and seize new opportunities as we continue to build long-term shareholder value. ParaZero Technologies Ltd. (NASDAQ: PRZO) recently announced the successful delivery of a special drone safety system project for a leading Fortune 500 automotive manufacturer (the Customer) as part of the Customer's proprietary drone program. The project included the design, development and delivery of a custom ParaZero SafeAir™ system specifically engineered to meet exceptionally demanding flight conditions and specifications unique to the Customer's proprietary aircraft program. This initiative commenced at the design stage, ensuring optimized and seamless integration of the safety system onto the aircraft and addressing its unique flight envelope and operational characteristics. This delivery highlights ParaZero's ability to provide advanced safety solutions for diverse aerial platforms, including multirotor, single rotor, fixed-wing, VTOL, manned and unmanned vehicles, and urban air mobility aircraft. Ondas Holdings Inc. (NASDAQ: ONDS) announced recently that its Ondas Autonomous Systems Inc. (OAS) business unit's Airobotics subsidiary has received a purchase order for its Iron Drone Raider counter-uncrewed aircraft system (C-UAS) from an Israeli defense company. This order, which was placed as part of an integration process between the companies, aims to expand the distribution of the system for additional military and homeland security governmental end users. We are building our presence in the defense sector by introducing the Iron Drone Raider platform to important players in the market with capabilities that are tailored for military deployments, said Eric Brock, Chairman and CEO of Ondas. We believe this system offers best-in-class specifications and will help protect borders and critical infrastructure in countries worldwide. EHang Holdings Limited (NASDAQ: EH) recently announced that it has signed a cooperation framework agreement (Agreement) with Zhejiang Sunriver Culture and Tourism Co., Ltd. (Sunriver, 600576.SH), a China A-share listed company, to explore an industrial model that integrates low-altitude economy with cultural tourism in China. Under the Agreement, Sunriver plans to purchase 50 units of EH216-S or similar pilotless passenger-carrying aircraft from EHang for its cultural tourism projects based on market development needs. Sunriver has placed a purchase order for 5 units of EH216-S as the first batch for aerial tourism use cases. The remaining aircraft will be gradually deployed in the tourism attractions under the Sunriver. Sunriver, with its parent company Sunriver Holding Group, have invested and operated over 40 renowned tourist attractions in China, including Bailong Elevator and Huanglong Cave in Zhangjiajie City, Hunan Province, Phoenix Ancient Town and Mang Mountain in Hunan Province, Bifeng Canyon in Ya'an City, Sichuan Province, Qiyun Mountain in Anhui Province, and Danxia Mountain in Guangdong Province. 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For current services performed FNM has been compensated fifty four hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may," "future," "plan" or "planned," "will" or "should," "expected," "anticipates," "draft," "eventually" or "projected." 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