ZenaTech Expands Drone-as-a-Service Operations with Strategic Acquisitions in Arizona

ZenaTech Signs LOI to Acquire Eighth Land Survey Company Advancing Drone as a Service in a $2.5 Billion US Drone Survey Market by 2033 - ZenaTech (NASDAQ:ZENA)

VANCOUVER, British Columbia, March 27, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. ZENA (FSE: 49Q) ZENA ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces that it has signed an LOI (Letter of Intent) to acquire an eighth land survey engineering company which marks the second LOI located in Arizona. Upon completion, these locations will serve as a launchpad to further Southwest regional development and contribute to the Company's national DaaS business model intended to bring the speed and precision of ZenaDrone's AI drone solutions in a convenient subscription or pay-per-use model for businesses and government users. "Arizona is strategic to our US operations as the base of our subsidiary ZenaDrone where our second drone manufacturing facility will be. Our vision with Drone as a Service is to capture part of the drone survey market that is growing by double-digits and is expected to reach USD $2.5 billion by 2033. We plan to build our national presence offering ZenaDrone products and services for land surveys and many other applications," said CEO Shaun Passley, Ph.D. According to Fact.MR, the global drone surveying market is poised for substantial growth and is expected to be worth over USD $8 billion globally by 2033 of which North America is expected to represent 35%. This market is expanding at a CAGR of over 19%, driven by increasing demand from industries such as construction, agriculture, and infrastructure development. Within the drone surveying market, land surveys represent 53%, with significant adoption in real estate, urban planning, environmental applications and infrastructure projects. Drones as a Service or DaaS works similarly to Software as a Service (SaaS), but instead of providing software over the internet, this business model offers drone technology solutions and services on a subscription or pay-per-use basis. With DaaS, businesses and government customers can conveniently access drones for tasks such as surveying, inspections, security, law enforcement, or precision agriculture solutions without having to buy, operate or maintain the drones themselves. ZenaTech's DaaS model offers customers including government agencies, builders and real estate developers, construction firms and farmers reduced upfront costs as there is no need to purchase expensive drones, and convenience as the company manages maintenance and operation. DaaS also offers scalability to companies to use more often or less often based on their needs and enables access to advanced drone technology and applications without the need for specialized training or equipment. 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. Remotely piloted 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 gathering aerial data across expansive terrains in a matter of hours instead of weeks or months using more traditional photogrammetry methods. About ZenaTech ZenaTech ZENA (FSE: 49Q) ZENA is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing 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, health, 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 is growing a DaaS business model and 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, process automation and defense applications. Currently, the ZenaDrone 1000 drone is used for crop management applications in agriculture and critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management in the warehouse and logistics sectors, and the IQ Square is an outdoor drone designed for land survey and inspections use in commercial and defense sectors. Contacts for more information: Company, Investors and Media: Linda Montgomery ZenaTech 312-241-1415 [email protected] Investors: Michael Mason CORE IR [email protected] 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. 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ZenaTech expands with new Arizona land survey firm By Investing.com

VANCOUVER - ZenaTech, Inc. (NASDAQ:ZENA) (FSE:49Q) (BMV:ZENA), a $49 million market cap company specializing in AI drone technology and Quantum Computing solutions, has announced a Letter of Intent (LOI) to acquire its eighth land survey engineering firm, marking its second such acquisition in Arizona. According to InvestingPro data, the company's stock has experienced significant volatility, declining over 67% in the past year. This strategic move aims to bolster the company's Drone as a Service (DaaS) business model across the Southwest region of the United States. The acquisition is set to enhance ZenaTech's national presence, with the company's CEO, Shaun Passley, Ph.D., highlighting the importance of Arizona as a key location for its subsidiary ZenaDrone and its second drone manufacturing facility. While the company has achieved 9.19% revenue growth over the last twelve months, InvestingPro analysis shows it remains unprofitable, with additional financial metrics available to subscribers. The DaaS model, which offers AI drone solutions on a subscription or pay-per-use basis, is part of ZenaTech's strategy to tap into the burgeoning drone survey market -- anticipated to reach $2.5 billion by 2033 in the U.S. alone. The global drone surveying market is expected to grow significantly, with a projected value of over $8 billion by 2033, of which North America could represent 35%. The market is witnessing a compound annual growth rate (CAGR) of over 19%, fueled by demand from construction, agriculture, and infrastructure sectors. Land surveys, which account for 53% of this market, are increasingly utilizing drone technology for efficient data gathering. ZenaTech's DaaS offering is designed to reduce upfront costs for customers such as government agencies, builders, real estate developers, and farmers, by eliminating the need to purchase and maintain drones. The company's drones, equipped with sensors, cameras, LiDAR, and GPS systems, provide accurate land surveys for various applications including urban planning, environmental assessments, and infrastructure projects. The announcement is based on a press release statement and reflects ZenaTech's ongoing efforts to innovate in the field of AI drones and enterprise solutions. The company, with offices across North America, Europe, Taiwan, and the UAE, continues to develop its DaaS business model and partner network to meet the evolving needs of its customers in various sectors. Financial data from InvestingPro indicates a current ratio of 1.57, suggesting adequate liquidity to support its expansion plans. Discover more insights and 8 additional ProTips by subscribing to InvestingPro, including detailed valuation metrics and growth potential analysis. In other recent news, ZenaTech, Inc. has announced its intent to acquire a Florida-based land survey engineering firm, marking its second acquisition in the Southeast region. This strategic move aims to expand ZenaTech's Drone as a Service (DaaS) business model, leveraging Florida's favorable innovation environment and consistent drone regulations. Additionally, ZenaTech is set to acquire an Arizona-based land survey firm, enhancing its service capabilities in the Southwest region. The company has also expanded its workforce by hiring 35 new positions to accelerate drone production at its facility in Sharjah, UAE, responding to increased demand for its ZenaDrone 1000 and IQ series drones. ZenaTech has finalized the design of its third-generation ZenaDrone 1000, tailored for the U.S. defense and commercial markets, and has advanced the IQ Square Drone to the manufacturing stage. The company is further strengthening its presence in East Asia by expanding its Taiwan subsidiary, Spider Vision Sensors, to cater to the growing demand for military and commercial drones. This expansion includes forming partnerships with local component manufacturers to ensure U.S. military compliance. These developments reflect ZenaTech's strategic efforts to grow its global reach and enhance its offerings in the competitive drone industry.