ZenaTech Expands AI Drone and Quantum Computing Capabilities for Wildfire Management and Defense Applications

ZenaTech : to Use Quantum Computing for Wildfire Tracking in the Western US; Part of Third LOI for Land Survey Company Acquisition Form 6 K

ZenaTech to Use Quantum Computing for Wildfire Tracking in the Western US; Part of Third LOI for Land Survey Company Acquisition (Toronto, Ontario, December 17, 2024) ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone, Quantum Computing, Drone as a Service (DaaS), and enterprise SaaS solutions, announces today that it has signed an LOI (Letter of Intent) to acquire a third land survey engineering company. The acquired company, located in the Western region of the US, will use drones for land surveys and to survey large tracks of land for wildfires and fire management applications on Native American reservations. In addition, quantum computing will be added to AI drone capabilities to accommodate large-size datasets. This third acquisition will form the base of ZenaTech's drone operations in the Western US region, providing local access to the ZenaDrone 1000 and the IQ series of drones, along with the previously announced LOIs for anchor acquisitions in the Southeast and Southern regions of the US. "Signing an LOI to acquire a third land survey company is another step towards our vision for a national DaaS business, bringing AI drone speed and precision to innovate legacy business applications across verticals. Having received multiple requests from Native American groups, we look forward to applying advanced technologies like AI and Quantum Computing to practical and sought-after use cases such as fire management," said CEO Shaun Passley, Ph.D. ZenaTech has an existing joint venture partnership with a Native American company to manufacture and sell drones for use by Native American Nations across the US for use in applications like land survey, search and rescue, cargo delivery and fire management. The ZenaTech team has met with many Native American leaders interested in using ZenaDrone 1000 to scan massive tracts of land, over 300 square miles, for fire management applications that are of particular interest to those located in the Western area of the US. The level of datasets required for these expansive areas and applications can only be accomplished using Quantum Computing technology. ZenaTech previously announced the launch of the Sky Traffic project which will utilize its AI drones, Quantum Computing, and specialized teams to develop and test advanced traffic management and weather forecasting applications using large datasets and Amazon Web Services computing devices and platforms. Quantum computing is a type of computation that leverages the principles of quantum mechanics to process information at speeds and efficiencies far beyond traditional classical computers, enabling complex problem-solving and simulations. AI drones can survey and collect massive amounts of real-time data on weather, fire conditions, and terrain, which can then be processed using quantum computing to create highly accurate predictive models. The synergy of AI drones with Quantum Computing can result in more efficient fire detection, response and prevention, minimizing the impact of wildfires on lives, property, and the environment. Drones are already useful in surveillance, detection, and firefighting, while quantum computing, although still emerging, can enhance predictive capabilities, resource optimization, and modeling of complex fire behavior. ZenaTech's Drone as a Service or DaaS, is a convenient and flexible pay-as-you-go model enabling business users to benefit from the efficiencies of using drones for applications like surveillance and inspection, crop management, or land surveying, without having to buy the hardware and software, or acquire the pilot certifications and regulatory approvals needed to implement. In land survey applications, remotely piloted and autonomous drones with an array of sensors and cameras, LiDAR (Light Detection and Ranging), and GPS systems, capture and analyze high-resolution pictures and aerial data across expansive terrains in a matter of hours instead of the typical weeks or months required using traditional surveying tripod-mounted instruments and methodologies. Accurate land surveys are required for legal purposes and are essential for the planning and building of roads and commercial, residential and other government building projects. About ZenaTech ZenaTech (Nasdaq: ZENA) (FSE: 49Q) is a technology company specializing in AI drone, Quantum Computing, Drone as a Service (DaaS), 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 surveying processes. With 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, accuracy and cost savings. The company operates through seven global offices in North America, Europe, Taiwan 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, quantum computing and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown 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.

ZenaTech to Use Quantum Computing for Wildfire Tracking in the Western US; Part of a Third LOI for Land Survey Company Acquisition - ZenaTech (NASDAQ:ZENA)

TORONTO, Dec. 17, 2024 (GLOBE NEWSWIRE) -- ZenaTech, Inc. ZENA (FSE: 49Q) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone, Quantum Computing, Drone as a Service (DaaS), and enterprise SaaS solutions, announces today that it has signed an LOI (Letter of Intent) to acquire a third land survey engineering company. The acquired company, located in the Western region of the US, will use drones for land surveys and to survey large tracks of land for wildfires and fire management applications on Native American reservations. In addition, Quantum Computing will be added to AI drone capabilities to accommodate large-size datasets. This third acquisition will form the base of ZenaTech's drone operations in the Western US region, providing local access to the ZenaDrone 1000 and the IQ series of drones, along with the previously announced LOIs for anchor acquisitions in the Southeast and Southern regions of the US. "Signing an LOI to acquire a third land survey company is another step towards our vision for a national DaaS business, bringing AI drone speed and precision to innovate legacy business applications across verticals. Having received multiple requests from Native American groups, we look forward to applying advanced technologies like AI and Quantum Computing to practical and sought-after use cases such as fire management," said CEO Shaun Passley, Ph.D. ZenaTech has an existing joint venture partnership with a Native American company to manufacture and sell drones for use by Native American Nations across the US for use in applications like land survey, search and rescue, cargo delivery and fire management. The ZenaTech team has met with many Native American leaders interested in using ZenaDrone 1000 to scan massive tracts of land, over 300 square miles, for fire management applications that are of particular interest to those located in the Western area of the US. The level of datasets required for these expansive areas and applications can only be accomplished using Quantum Computing technology. ZenaTech previously announced the launch of the Sky Traffic project which will utilize its AI drones, Quantum Computing, and specialized teams to develop and test advanced traffic management and weather forecasting applications using large datasets and Amazon Web Services computing devices and platforms. Quantum Computing is a type of computation that leverages the principles of quantum mechanics to process information at speeds and efficiencies far beyond traditional classical computers, enabling complex problem-solving and simulations. AI drones can survey and collect massive amounts of real-time data on weather, fire conditions, and terrain, which can then be processed using Quantum Computing to create highly accurate predictive models. The synergy of AI drones with Quantum Computing can result in more efficient fire detection, response and prevention, minimizing the impact of wildfires on lives, property, and the environment. Drones are already useful in surveillance, detection, and firefighting, while Quantum Computing, although still emerging, can enhance predictive capabilities, resource optimization, and modeling of complex fire behavior. ZenaTech's Drone as a Service or DaaS, is a convenient and flexible pay-as-you-go model enabling business users to benefit from the efficiencies of using drones for applications like surveillance and inspection, crop management, or land surveying, without having to buy the hardware and software, or acquire the pilot certifications and regulatory approvals needed to implement. In land survey applications, remotely piloted and autonomous drones with an array of sensors and cameras, LiDAR (Light Detection and Ranging), and GPS systems, capture and analyze high-resolution pictures and aerial data across expansive terrains in a matter of hours instead of the typical weeks or months required using traditional surveying tripod-mounted instruments and methodologies. Accurate land surveys are required for legal purposes and are essential for the planning and building of roads and commercial, residential and other government building projects. About ZenaTech ZenaTech ZENA (FSE: 49Q) is a technology company specializing in AI drone, Quantum Computing, Drone as a Service (DaaS), 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 surveying processes. With 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, accuracy and cost savings. The company operates through seven global offices in North America, Europe, Taiwan 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, Quantum Computing and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown 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's ZenaDrone Moves to a New Arizona Manufacturing Facility for US Defense Focused on Drone Swarms Using Quantum Computing By Investing.com

TORONTO, Dec. 19, 2024 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone solutions driven by Quantum (NASDAQ:QMCO) Computing, Drones as a Service, and enterprise SaaS, announces that its subsidiary company ZenaDrone has moved into its manufacturing facility in Phoenix, Arizona to produce US Defense and NATO drones, part of efforts to produce Made in America drones. The new facility will accommodate drone manufacturing and assembly, R&D, sales, pilot, and training teams, and has an aeronautical test range site for demonstrations. The facility will produce ZenaDrone 1000 multifunction autonomous AI drones for the US military, which must be NDAA (National Defense Administration Act) compliant, a requirement that includes strict cybersecurity and country of origin specifications. The R&D work at this facility will include Quantum Computing, part of the company's previously announced Sky Traffic project. ZenaDrone teams will be working on applications for drone swarms to be used in border control and perimeter security military applications. A drone swarm is a group of autonomous drones that work together, coordinated by algorithms, to perform tasks with dramatically improved speed, efficiency, and coverage. Expanding our Arizona presence from a sales office to a manufacturing facility, including flight testing, and an R&D center where we can continue our Quantum Computing-based Sky Traffic project applied to defense applications is a key part of our development strategy. Drone swarms powered by AI and Quantum Computing promise to revolutionize the defense sector by enabling highly coordinated, autonomous surveillance and reconnaissance operations, making defense systems faster, more effective, and secure in responding to complex threats, said CEO Shaun Passley, Ph.D. ZenaTech previously announced the launch of the Sky Traffic project which will utilize its AI drones, Quantum Computing, and specialized teams to develop and test advanced traffic management, weather forecasting, and wildfire management applications using large datasets and Amazon (NASDAQ:AMZN) Web Services computing devices and platforms. The global military drone market is estimated to be a US $14 billion industry in 2023, which includes the $5 billion US market and is expected to grow to $47 billion globally by 2032 according to Fortune Business Insights research. The Intelligence, Surveillance, Reconnaissance, and Targeting (ISRT) segment is the largest segment for military drones, used to collect crucial information and data in a targeted territory. The logistics and transportation sector is the second largest segment. ISRT and logistics and transportation are the military segments the company is targeting. The company previously completed two paid trials with the US Air Force and Naval Reserve for logistics and transportation applications carrying critical cargo, such as blood, in the field. NDAA compliance refers to adhering to the provisions outlined in the National Defense Authorization Act, which is a set of U.S. 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 manufactories, which extends to the chipsets, cameras, displays and other technology used. The Blue UAS (Unmanned Aerial System) program is a stringent government approved supplier list of drone companies that wish to do business with the US DoD; suppliers including ZenaDrone, must meet strict NDAA cybersecurity and supply chain sourcing requirements. The Green UAS program is essential, the same as the Blue UAS program, only a more streamlined and faster process without the specifications on the country of origin. The company has previously announced that its supply chain is fully NDAA-compliant and that it plans to apply for Green UAS followed by Blue UAS certification. About ZenaTech ZenaTech (Nasdaq: ZENA) (FSE: 49Q) is a technology company specializing in AI drones, Quantum Computing, Drone as a Service (DaaS), 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 surveying processes. With 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, accuracy and cost savings. The company operates through seven global offices in North America, Europe, Taiwan, 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, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown 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.

What's Going On With AI Drone Company ZenaTech Stock Today? - ZenaTech (NASDAQ:ZENA)

The acquisition supports ZenaTech's goal to build a national Drone as a Service business using AI and Quantum Computing for large datasets. ZenaTech, Inc. ZENA shares are trading lower on Tuesday. The firm, which gained almost 400% in the past month, is making significant moves toward expanding its drone-based operations through signing of a Letter of Intent to acquire a third land survey engineering company. Located in the Western U.S., the acquired company will integrate drones into land surveys, particularly for wildfire management and fire prevention on Native American reservations. The company plans to use its ZenaDrone 1000 and IQ series drones, alongside Quantum Computing, to handle large datasets essential for fire management and land surveying. This move is part of ZenaTech's broader vision to establish a national Drone as a Service business, leveraging AI-driven drones and Quantum Computing to innovate in sectors like land surveying, fire management, and search-and-rescue. Also Read: Quantum Computing Meets Drones: ZenaTech Launches Sky Traffic Project For Traffic, Weather Optimization CEO Shaun Passley emphasized the importance of this acquisition in addressing the specific needs of Native American groups, particularly in the Western U.S., who have expressed interest in using drones for fire management across vast areas, sometimes spanning 300 square miles. "Having received multiple requests from Native American groups, we look forward to applying advanced technologies like AI and Quantum Computing to practical and sought-after use cases such as fire management," Passley added. With Quantum Computing set to enhance the capabilities of its drones, ZenaTech said it is positioning itself in the AI-powered, large-scale drone applications. Additionally, the company's Sky Traffic project, combining AI drones with Quantum Computing for traffic and weather forecasting, signals the broader potential of these technologies. Through its DaaS model, ZenaTech offers businesses a flexible, pay-as-you-go solution to incorporate drones for critical applications like land surveying, surveillance, and more. Price Action: ZENA shares are trading lower by 8.76% to $7.08 at last check Tuesday. Now Read: SpaceX Hits $350 Billion Valuation In Insider Share Sale: CEO Elon Musk Says 'No Investors Wanted To Sell Shares' This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors. Market News and Data brought to you by Benzinga APIs

AI Drone Company ZenaTech Soars Higher: Arizona Facility Sets Stage For 'Made In America' Military Drones - ZenaTech (NASDAQ:ZENA)

ZenaTech focuses on AI-powered drone swarms for military, with a growing market for military drones projected to reach $47B by 2032. ZenaTech, Inc. ZENA shares are trading higher on Thursday. The company announced that its subsidiary, ZenaDrone, has officially moved into a new manufacturing facility in Phoenix, Arizona. The new facility is pivotal in the company's efforts to produce "Made in America" drones for the U.S. military and NATO. It will focus on the production, assembly, and research & development (R&D) of ZenaDrone 1000, an advanced autonomous AI drone designed for defense applications. The facility is also equipped with an aeronautical test range for drone demonstrations, furthering the company's commitment to innovation. The ZenaDrone 1000 is designed to meet the stringent requirements of the National Defense Authorization Act, ensuring compliance with cybersecurity standards and country-of-origin specifications. This is a key milestone for ZenaDrone as the U.S. military requires all suppliers to adhere to NDAA compliance, particularly in the areas of sensitive technologies such as chipsets and cameras. Also Read: Paychex Delivers Q2 Earnings Beat As HR Solutions Demand Stays Strong A major aspect of ZenaDrone's new R&D efforts will be its Sky Traffic project, which explores the use of AI and Quantum Computing to develop drone swarms for military applications. These swarms promise to revolutionize defense operations by offering highly coordinated, autonomous surveillance and reconnaissance, significantly enhancing speed and efficiency. The project also targets advanced solutions in traffic management, weather forecasting, and wildfire management, applying these technologies for civilian use as well. The global military drone market, valued at $14 billion in 2023, is projected to grow to $47 billion by 2032. ZenaDrone aims to tap into this expanding market, focusing on the Intelligence, Surveillance, Reconnaissance, and Targeting sectors and logistics, two major applications for military drones. The company has already completed successful trials with the U.S. Air Force and Naval Reserve, testing drones for logistics and cargo transportation in the field. Price Action: ZENA shares are trading higher by 24% to $7.44 at last check Thursday. Read Next: Luigi Mangione Faces Extradition, Possible Federal Charges May Carry Death Penalty Market News and Data brought to you by Benzinga APIs

ZenaTech signs letter of intent for land survey company acquisition (ZENA:NASDAQ)

ZenaTech (NASDAQ:ZENA) has signed a letter of intent to acquire a third land survey engineering company. The acquired company, located in the Western region of the U.S., will use drones for land surveys and to survey large tracks of land for wildfires and fire management applications on Native American reservations. Quantum Computing will be added to AI drone capabilities to accommodate large-size datasets. ZENA shares were down 7.9% on Tuesday. Source: Press Release More on ZenaTech ZenaTech announces secondary land survey acquisition with signed LOI ZenaTech announces agreement to acquire ZooOffice Financial information for ZenaTech

Quantum Computing Market Infused with Artificial Intelligence Poised for Significant Usage & Growth By Investing.com

PALM BEACH, Fla., Dec. 18, 2024 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - Quantum (NASDAQ:QMCO) computing is a revolutionary technology in computer science that utilizes the principles of quantum mechanics to process information. Unlike classical computers that use bits with a value of 0 or 1, quantum computers use qubits, which can exist in multiple states at once, enabling them to solve complex problems much faster. Quantum computing has the potential to revolutionize industries such as finance, healthcare, and materials science. The quantum computing market is expected to grow significantly due to increasing research and development in quantum technology, patent filings, and quantum initiatives from various organizations. A report from Technavio projected that the global quantum computing market size is estimated to grow by USD 17.34 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of 26.37% during the forecast period. Increasing expenditure by stakeholders is driving market growth, with a trend towards growth of ai and machine learning. The report said: The quantum computing market is experiencing significant growth as businesses explore the potential of this revolutionary technology. Quantum computing, based on quantum theory and mechanics, promises to solve complex problems faster than classical computers. Key trends include AI, cloud computing, and partnerships with tech giants like AMD (NASDAQ:AMD). Patent filings indicate a focus on hardware and software development, with applications in various sectors such as biomedical simulations, optimization, and manufacturing. Active Tech Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), D-Wave Quantum Inc., (NYSE: QBTS), NVIDIA (NASDAQ:NVDA) CORPORATION (NASDAQ: NVDA), Intel Corporation (NASDAQ: NASDAQ:INTC), IBM (NYSE: NYSE:IBM). Technavio continued Quantum computing is expected to disrupt industries like electronics, telecommunications, and financial services, with potential use cases in areas like AI drug discovery, energy optimization, and logistics networks. Error mitigation and suppression techniques are crucial for quantum computing hardware, while quantum simulators and networking are driving research and development. Security concerns are being addressed through quantum-accelerated cryptography. The market is expected to grow, with tech media and IDG predicting increased customer spend on quantum computing resources. Quantum computing is poised to bring innovation to information technology, high-performance computing, and consumer technology markets, with potential applications in areas like weather forecasting, traffic optimization, and energy optimization and land surveys. ZenaTech Inc.'s (NASDAQ:ZENA) to Use Quantum Computing for Wildfire Tracking in the Western US; Part of a Third LOI for Land Survey Company Acquisition " ZenaTech, a technology company specializing in AI (Artificial Intelligence) drone, Quantum Computing, Drone as a Service (DaaS), and enterprise SaaS solutions, announces today that it has signed an LOI (Letter of Intent) to acquire a third land survey engineering company. The acquired company, located in the Western region of the US, will use drones for land surveys and to survey large tracks of land for wildfires and fire management applications on Native American reservations. In addition, Quantum Computing will be added to AI drone capabilities to accommodate large-size datasets. This third acquisition will form the base of ZenaTech's drone operations in the Western US region, providing local access to the ZenaDrone 1000 and the IQ series of drones, along with the previously announced LOIs for anchor acquisitions in the Southeast and Southern regions of the US. Signing an LOI to acquire a third land survey company is another step towards our vision for a national DaaS business, bringing AI drone speed and precision to innovate legacy business applications across verticals. Having received multiple requests from Native American groups, we look forward to applying advanced technologies like AI and Quantum Computing to practical and sought-after use cases such as fire management, said CEO Shaun Passley, Ph.D. ZenaTech has an existing joint venture partnership with a Native American company to manufacture and sell drones for use by Native American Nations across the US for use in applications like land survey, search and rescue, cargo delivery and fire management. The ZenaTech team has met with many Native American leaders interested in using ZenaDrone 1000 to scan massive tracts of land, over 300 square miles, for fire management applications that are of particular interest to those located in the Western area of the US. The level of datasets required for these expansive areas and applications can only be accomplished using Quantum Computing technology. ZenaTech previously announced the launch of the Sky Traffic project which will utilize its AI drones, Quantum Computing, and specialized teams to develop and test advanced traffic management and weather forecasting applications using large datasets and Amazon (NASDAQ:AMZN) Web Services computing devices and platforms. Quantum Computing is a type of computation that leverages the principles of quantum mechanics to process information at speeds and efficiencies far beyond traditional classical computers, enabling complex problem-solving and simulations. AI drones can survey and collect massive amounts of real-time data on weather, fire conditions, and terrain, which can then be processed using Quantum Computing to create highly accurate predictive models. The synergy of AI drones with Quantum Computing can result in more efficient fire detection, response and prevention, minimizing the impact of wildfires on lives, property, and the environment. Drones are already useful in surveillance, detection, and firefighting, while Quantum Computing, although still emerging, can enhance predictive capabilities, resource optimization, and modeling of complex fire behavior. ZenaTech's Drone as a Service or DaaS, is a convenient and flexible pay-as-you-go model enabling business users to benefit from the efficiencies of using drones for applications like surveillance and inspection, crop management, or land surveying, without having to buy the hardware and software, or acquire the pilot certifications and regulatory approvals needed to implement. In land survey applications, remotely piloted and autonomous drones with an array of sensors and cameras, LiDAR (Light Detection and Ranging), and GPS systems, capture and analyze high-resolution pictures and aerial data across expansive terrains in a matter of hours instead of the typical weeks or months required using traditional surveying tripod-mounted instruments and methodologies. Accurate land surveys are required for legal purposes and are essential for the planning and building of roads and commercial, residential and other government building projects. Continued| Read this full release by visiting: https://www.financialnewsmedia.com/news-zena/ Other recent developments in the technology industry include: D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world's first commercial supplier of quantum computers, recently announced the successful completion of $175 million in gross proceeds from its $100 million and $75 million "at-the-market" equity offering programs. The $75 million program, initiated on December 9, closed at an average price of $4.8149 per share, with D-Wave stock trading at a Volume Weighted Average Price of $4.6625 over the same period. The company expects to conclude the fiscal 2024 fourth quarter with at least $160 million in cash. The funds will be used to support working capital, capital expenditures, and technical development. In the press release, CEO Dr. Alan Baratz highlighted the role of D-Wave's 5,000-qubit Advantage quantum computer in driving commercial adoption of annealing quantum computing and emphasized the funding's importance for executing against its product and go-to-market strategies and roadmaps. NVIDIA CORPORATION (NASDAQ: NVDA) recently announced it is opening its first Vietnam research and development center, signaling its confidence in the country's bright artificial intelligence future. The company is collaborating with the Vietnamese government to establish its new Vietnam Research and Development Center focused on AI. NVIDIA will use the R&D center to focus on software development, capitalizing on the country's strong talent pool of STEM engineers, and to engage industry leaders, startups, government agencies, universities and students to accelerate the adoption of AI. We are delighted to open NVIDIA's R&D center to accelerate Vietnam's AI journey, said Jensen Huang, founder and CEO of NVIDIA. With our expertise in AI development, we will partner with a vibrant ecosystem of researchers, startups and enterprise organizations to build incredible AI right here in Vietnam. Intel Corporation (NASDAQ: INTC) and the Biden-Harris Administration recently announced that the U.S. Department of Commerce and Intel have reached agreement on terms to award the company up to $7.86 billion in direct funding for its commercial semiconductor manufacturing projects under the U.S. CHIPS and Science Act. The award will support Intel's previously announced plans to advance critical semiconductor manufacturing and advanced packaging projects at its sites in Arizona, New Mexico, Ohio and Oregon. Intel also plans to claim the U.S. Treasury Department's Investment Tax Credit, which is expected to be up to 25% of qualified investments of more than $100 billion. "With Intel 3 already in high-volume production and Intel 18A set to follow next year, leading-edge semiconductors are once again being made on American soil," said Pat Gelsinger, CEO of Intel. "Strong bipartisan support for restoring American technology and manufacturing leadership is driving historic investments that are critical to the country's long-term economic growth and national security. Intel is deeply committed to advancing these shared priorities as we further expand our U.S. operations over the next several years." IBM (NYSE: IBM) and Illinois Governor JB Pritzker recently announced a collaboration to establish the new National Quantum Algorithm Center in the Illinois Quantum and Microelectronics Park (IQMP) in Chicago. Anchored by IBM and other quantum computing pioneers including the University of Chicago and the University of Illinois Urbana-Champaign, the center will be fueled by IBM's next-generation quantum computer, IBM Quantum System Two, which the company plans to deploy in Chicago in the coming year. IBM Quantum System Two within the IQMP will be powered by IBM Quantum Heron, which can execute utility-scale algorithms beyond the capabilities of brute-force, classical simulation methods. Users will be able to leverage this system with Qiskit, IBM's performant quantum software, which is designed to be able to extend the length and complexity of quantum circuits to extract accurate results for problems of scientific and research value. 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Quantum Computing's $450 Billion Future: 4 Stocks to Watch as the Market Evolves (ZENA, RGTI, IONQ, QBTS)

Quantum computing is emerging as one of the most talked-about frontiers in technology, despite commercially available quantum computers being years away. Its potential to transform industries like healthcare, finance, cybersecurity, and artificial intelligence has sparked immense investor excitement, driving stock prices in the field. While the companies in this space are still in the early stages, their market potential is undeniable. In its updated analysis titled The Long-Term Forecast for Quantum Computing Still Looks Bright, BCG reaffirms its projection that quantum computing will create to of economic value globally, sustaining a to market for hardware and software providers by 2040. As quantum technologies continue to evolve, early investors could see substantial rewards if they make the right moves. At its core, quantum computing relies on principles of quantum mechanics, allowing computers to perform certain calculations at speeds far beyond the capabilities of classical computers. Traditional computers process information in binary bits-ones or zeros-while quantum computers use qubits, which can exist in multiple states simultaneously. This unique ability enables quantum systems to solve complex problems that would take classical computers thousands, if not millions, of years to tackle. Though commercial applications are still a ways off, 2024 has been a strong year for quantum computing stocks. Investors are keeping a close eye on these companies, hoping they are poised for major breakthroughs that could set the stage for the next generation of computing. With that in mind, let's take a closer look at a few companies worth paying attention to in the space. (Nasdaq: ZENA) is carving a niche at the intersection of AI-powered drones and emerging quantum computing technologies. Initially focused on enterprise SaaS and AI-driven drone solutions for industries like agriculture, logistics, and defense, the company is now making strides in the burgeoning field of land surveying and wildfire management, along with disruptive applications like traffic optimization and weather forecasting. A Growing Presence in Land Surveying Central to strategy is its Drone-as-a-Service (DaaS) model, which allows clients to access drone capabilities without heavy capital investment. This service model, similar to software subscription services, enables businesses to utilize ZenaDrone's multifunctional drones for tasks like land surveys, compliance monitoring, and crop management. Recent acquisitions of two land survey firms and a third pending acquisition reflect commitment to expanding its foothold in the surveying and mapping services industry. Equipped with LiDAR, GPS systems, and high-resolution cameras, ZenaDrone can gather and process data across large terrains in hours, significantly outpacing traditional methods that can take weeks. aims to disrupt the surveying industry in much the same way transformed transportation-offering unparalleled speed, precision, and cost-efficiency. Leveraging for Wildfire Management In a groundbreaking move, announced plans to integrate quantum computing into its AI drone operations for wildfire tracking and land surveys. This initiative, driven by its partnership with Native American groups, aims to manage large-scale datasets collected by drones across vast territories. Quantum computing's advanced processing capabilities allow for real-time analysis of terrain, weather patterns, and fire conditions, enabling more accurate predictions and resource deployment. This approach is especially important for managing wildfire risks in the , where plans to anchor its operations through recent acquisitions. By combining AI drones with quantum technology, the company seeks to minimize wildfire damage and enhance fire prevention efforts, a critical need for many Native American reservations. Expanding Defense Capabilities subsidiary, , has partnered with Suntek Global to develop NDAA-compliant cameras for defense applications. The advanced vision systems will be integrated into ZenaDrone's IQ Series drones, which are already in trials with the and . These drones are designed for reconnaissance, surveillance, and tactical missions, offering robust solutions for defense and security sectors. The IQ Nano drone, a compact 10x10-inch model, exemplifies versatility, catering to logistics and warehousing industries by autonomously scanning barcodes and mapping storage spaces, reducing labor costs and improving inventory accuracy. Broadening Horizons with the has also launched the Sky Traffic project, leveraging quantum computing to optimize traffic and weather forecasting. The initiative aims to provide real-time traffic data to government agencies and drivers, improving signal management and public safety while reducing congestion. Simultaneously, drones equipped with advanced sensors will enhance weather data collection, offering faster and more precise forecasts of severe weather events like hurricanes. Following its Nasdaq listing, reported a 15% year-over-year revenue increase for the nine months ending . The company has also expanded operations in , establishing a base for manufacturing and FAA-approved testing of its ZenaDrone 1000. With a focus on quantum computing integration, DaaS expansion, and advanced AI-driven drone applications, is positioning itself as a leader in transforming industries from land surveying to disaster management. Its ongoing innovations and acquisitions underscore its commitment to leveraging emerging technologies for practical, impactful solutions. (Nasdaq: RGTI) is at the forefront of quantum computing, an emerging field that has the potential to revolutionize industries such as drug discovery, logistics, financial modeling, and artificial intelligence. Founded in 2013, Rigetti is one of the few companies in the world pursuing a full-stack approach, meaning it designs and builds quantum hardware while also providing the software and cloud infrastructure to make its systems accessible to users. The Rigetti Quantum Cloud Services platform allows enterprise, government, and academic clients to experiment with quantum computing in ways that could unlock breakthroughs unattainable with classical systems. At the heart of Rigetti's technology are its superconducting qubits, which are fabricated in-house at its state-of-the-art Fab-1 facility. Unlike competing quantum technologies, such as ion traps or neutral atoms, superconducting qubits are designed for speed and scalability. Rigetti has introduced industry-first innovations, such as multi-chip quantum processors, which enable higher qubit counts without sacrificing performance. For example, its upcoming modular 36-qubit system, slated for mid-2025, will feature four 9-qubit chips tiled together with world-class 99.5% two-qubit fidelity. Rigetti aims to scale up to a 336-qubit system in the future, positioning itself to tackle real-world problems as quantum hardware matures. Rigetti is also focusing on quantum error correction-an essential technology for reliable quantum computers. Its innovations in this area will help ensure that quantum systems can perform consistently and at scale. Collaborations with partners such as Riverlane and Quantum Machines showcase Rigetti's ability to integrate cutting-edge technologies like AI-driven calibration, which dramatically reduces the time needed to optimize quantum processors. Rigetti's hardware is already in use at national research centers, including the National Quantum Computing Centre, where it supports research in quantum machine learning and optimization. In Q3 2024, Rigetti reported in revenue and a net loss. However, the company remains well-positioned with in cash after raising in equity earlier this year. These funds are being used to continue developing higher-fidelity and higher-qubit-count systems that could make quantum computing practical for industries like pharmaceuticals, defense, and finance. For potential investors, Rigetti offers exposure to a technology that, while still emerging, holds enormous disruptive potential. Its proprietary technology, expanding partnerships, and focus on scalability set it apart in a competitive field. (NYSE: ) is another leader in quantum computing and has made significant strides in advancing the field through major technological and strategic developments. The company has been recognized for its growth, landing spots on 2023 "Next Big Things in Tech" and Deloitte's 2023 "Technology Fast 500" lists. flagship product, IonQ Forte, is a high-performance quantum computer utilizing 36 algorithmic qubits, showcasing the company's position at the forefront of the industry. is collaborating with NKT Photonics to integrate advanced fiber laser systems into its next-generation quantum computers, like IonQ Tempo. These laser systems will be modular, rack-mountable, and reliable, addressing the power and performance demands of enterprise-ready quantum systems. Additionally, has partnered with imec to improve system size and scalability through photonic integrated circuits (PICs) and chip-scale ion trap technologies. has also launched the IonQ Quantum OS, an enterprise-grade operating system designed to improve performance and accuracy. Their Hybrid Services suite, introduced alongside the OS, accelerates hybrid quantum-classical workflows, facilitating real-world applications in industries like logistics, pharmaceuticals, and AI. With operations expanding internationally, has commissioned its IonQ Forte Enterprise system in , marking a significant milestone in its global strategy. The company is poised to drive quantum computing adoption worldwide. (NYSE: QBTS) is a pioneer in quantum computing, known for its unique blend of quantum annealing and gate-model systems. The company has been at the forefront of commercial quantum computing, providing solutions for industries like AI, logistics, drug discovery, and cybersecurity. D-Wave's technology is already being used by organizations like , , and . D-Wave's latest breakthrough is the launch of its Advantage2 processor, which boasts 4,400+ qubits and a 40% increase in energy scale. The system provides up to 25,000 times faster performance on certain problems, positioning D-Wave as a leader in quantum annealing technology. Through its partnerships, D-Wave has proven its technology's potential in real-world applications. The company's quantum computers have been used for solving problems in optimization, machine learning, and cryptography-areas where classical computers struggle. As quantum computing matures, D-Wave's ability to provide scalable, practical solutions for businesses puts it in a prime position for future growth. Disclaimers: "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. 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ZenaTech Shares Surge on New Arizona Plant to Produce U.S. Defense, NATO Drones

Shares of ZenaTech surged after the company said that its subsidiary ZenaDrone has moved into its a new manufacturing facility in Phoenix to produce U.S. defense and NATO drones. The stock was up 68% to $10.07 Thursday. The technology company specializing in AI said the new facility will produce 1000 multifunction autonomous AI drones for the U.S. military. Overall, the plant will accommodate drone manufacturing and assembly, research and development, sales, pilot and training teams. It has an aeronautical test range site for demonstrations, ZenaTech said. "Expanding our Arizona presence from a sales office to a manufacturing facility, including flight testing, and an R&D center where we can continue our quantum computing-based sky traffic project applied to defense applications is a key part of our development strategy," Chief Executive Shaun Passley said.