ZenaTech, Inc. (NASDAQ: ZENA) Software Company Acquisition

ZenaTech, Inc. (NASDAQ: ZENA) Software Company Acquisition

 

 

Miami, FL – October 23, 2024 -- InvestorsHub NewsWire – EmergingGrowth.com, a leading independent small cap media portal with an extensive history of providing unparalleled content for the Emerging Growth markets and companies, reports on ZenaTech, Inc. (NASDAQ: ZENA).

 

 

ZenaTech, Inc. (NASDAQ: ZENA), a technology company specializing in AI (Artificial Intelligence) drone solutions and enterprise SaaS (Software-as-a-Service) solutions, just announced that it has entered into an agreement to acquire ZooOffice Inc., the holding company for software companies Jadian and DeskFlex, from ZenaTech's former parent company.

 

The acquisition of these two software companies will provide important compliance and inspection software as well as scheduling and mapping software that will be incorporated into ZenaTech's ZenaDrone AI drone solutions.

 

This transaction further expands ZenaTech's portfolio of SaaS software solutions and customer base and is expected to add to recurring revenue in the government sector among others. The acquisition is subject to shareholder and regulatory approvals that may be required.

 

ZenaTech, Inc. (NASDAQ: ZENA) also recently announced that its subsidiary, ZenaDrone, has begun the first US trial of the IQ Nano product solution for inventory management, beginning with a multinational auto part and components customer.

 

The drone will be reading the bar codes and collecting inventory information as part of a paid trial. The IQ Nano indoor drone is designed for customers with warehouse, logistics and distribution operations to help them save costs and improve productivity managing various tasks such as taking inventory, turning a weeklong activity into one day.  The ZenaDrone IQ Nano is a 10x10-inch drone designed to perform regular and frequent inspections such as bar code or RFID scanning, facility maintenance inspections, security monitoring, 3D indoor mapping and other applications inside a warehouse or plant facility.

 

The IQ Nano is designed for autonomous use featuring integrated sensors, high-quality cameras, and data collection and analysis. Weighing 1.5kg and with a flight time of up to 20 minutes before utilizing the automatic battery charging station, it is designed for hovering stability and for safety with obstacle avoidance capabilities.

 

ZenaTech, Inc.'s (NASDAQ: ZENA) common shares were just recently approved for listing on the Nasdaq Capital Market ("Nasdaq") under the ticker symbol "ZENA" and the company may have an opportunity to rival others like Amazon.com, (NASDAQ: AMZN) Boeing Co., (NYSE: BA) Joby Aviation, Inc., (NYSE: JOBY) Northrop Grumman Corp., (NYSE: NOC) AeroVironment, Inc., (NASDAQ: AVAV) Kratos Defense & Security Solutions, Inc., (NASDAQ: KTOS) and EHang Holdings, Ltd., (NASDAQ: EH).

ZenaDrone IQ Nano Features:

 

Charging pad: Convenient charging solution without cords or cables, making it easier to maintain multiple drones.

Tethered cable: Offers stable power and data connection for longer flight times or hovering in one place for longer periods, for real-time data transmission during indoor inspections.

Safe for indoor use: Equipped with obstacle avoidance and suitable for confined spaces where traditional drones may pose a risk.

Intelligent Battery: IQ Nano is designed to have a flight time up to 20 minutes and features an intelligent flight battery which enhances its time in the air.

Reliable Video: The enhanced video transmission and sensing systems make it highly reliable in gathering visual data in the air.

Retractable landing gear: Enables a compact and streamlined design, improving maneuverability in limited space areas.

Durability: Carbon-fiber shell that can withstand impact without severe damage, and propeller guards provide protection to its rotors to ensure uninterrupted flight.

Portability: Designed to fit in a case for quick deployment from site to site for ease of carrying and designed to be unobtrusive and stackable for storage. 

User Friendly Controls: Designed so controls work alongside onboard sensing system and video transmission to provide smooth and intuitive operability even for new pilots

 

Many companies have entered the space such as:

Dragonfly, Inc. (NASDAQ: DPRO)

Safe Pro Group, Inc. (NASDAQ: SPAI)

Red Cat Holdings, Inc. (NASDAQ: RCAT)

Maris-Tech, Ltd. (NASDAQ: MTEK)

AgEagle Aerial Systems, Inc. (NYSE: UAVS)

 

In addition to the launch of the IQ Nano product, It's ZenaTech's military aspect that could set them apart. 

 

The US Navy and the Airforce are using ZenaTech's drones is for transporting critical medical supplies like blood in field operations. 

 

Since the opening of its drone production facility in Dubai, UAE and the debut of the ZenaDrone 1000 at the UMEX Abu Dhabi Trade show, the company has secured US military pilot contracts with the Airforce and Navy.

 

While even further expanding facilities for the third time in 3 years, 2024 marked the commencement of commercial production of drone products, listing on the NASDAQ Capital Markets, and the set-up of a Turkey facility for more advanced drone testing. 

 

Secured Military contracts:

The military relies on drones for surveillance, reconnaissance, and intelligence gathering, and the ZenaDrone 1000 offers valuable features for these missions. With an impressive 1-hour flight time, the drone can cover long distances and operate for extended periods, facilitating continuous surveillance and gathering critical intelligence. Its automatic recharging capability ensures minimal downtime, allowing for a swift response to emerging situations and prolonged operational efficiency. The combination of these attributes makes the ZenaDrone 1000 an invaluable asset, enhancing situational awareness and the overall effectiveness of military operations.

 

Situational Awareness:

The ZenaDrone 1000 revolutionizes military situational assessment with advanced sensors, real-time data streaming, and autonomous reconnaissance. It offers precise enemy positioning, weather forecasting, and terrain analysis, empowering well-informed tactical decisions, and safer mission strategies. As a force multiplier, it optimizes resource allocation, enhances coordination, and mitigates risks, ultimately amplifying the military's operational effectiveness and success rates.

 

Post-War Damage Assessment:

The ZenaDrone offers significant advantages for post-war damage assessments in the military. Its rapid and safe aerial reconnaissance capabilities enable real-time visual evaluations of war-damaged zones. Equipped with high-resolution imaging and remote sensing technologies, the drone captures detailed data, aiding in accurate identification of destruction extent and potential hazards. By eliminating the need for personnel deployment in hazardous areas, the ZenaDrone ensures safety and efficiency while covering vast territories. Its data analytics and comparative analysis capabilities further contribute to informed decision-making, facilitating effective recovery and reconstruction strategies.

 

The Commercial Drone market has seen a rise in global adaption due to advancements in technology.  By application, the commercial drone market is segmented into agriculture & environment, media & entertainment government, and others. 

 

Commercial Drone market expected to grow at 23.7 CAGR (Compound Annual Growth Rate) through 2030

 

The Company's ZenaDrone solutions boasts unique features and functions integrated with intelligent algorithms that can retain and recognize information input to satisfy the demand for technological innovation in various industries, including but not limited to the following: 

• Agriculture and Farm Plantation  
• Environmental Monitoring and Conservation
• Weather Prediction
• Property Management
• Search and Rescue Missions 
• Emergency Services
• Livestock Management
• Military Industry
• Security and Surveillance
• Crop Insurance

• Architecture and Construction
• Film and Media Production
• Warehousing and Inventory
• Cargo and Logistics
• Power Lines and Grids
• Renewable Energy
• Oil and Gas Industry
• City Planning
• Industrial Zoning
• Mining Industry

 

ZenaTech is an AI drone and enterprise SaaS software company with a portfolio of solutions that help business and government customers improve mission-critical operations. While their ZenaDrone solutions are used for agriculture, defense, and logistics applications. 

 

 

 

 

Research and markets posted the global market reach depicted below.

 

 

In an industry that never stands still, the Global Military Drones Market is projected to reach an impressive US $53.7 Billion by 2030, up from US $22.3 Billion in 2022.  Full report here.

 

Markets & Markets posted the US market and reach depicted below.

The Military Drone Market Size is expected to reach a value of USD 17.0 Billion by 2027, a rise from 12.0 billion in 2022. Full report here:

 

We currently have invitations out for many companies to present on our conference including:

Lightwave Logic, Inc. (NASDAQ: LWLG)

Anavex Life Sciences corp. (NASADQ: AVXL)

Elite Pharmaceuticals, Inc. (OTCQB: ELTP)

Mr. Cooper Group, Inc. (NASDAQ: COOP)

About ZenaTech

 

ZenaTech (Nasdaq: ZENA) 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 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, utilizing the ZenaDrone 1000 drone and the IQ series of indoor/outdoor drone products.

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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.

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; the intention to complete the listing of ZenaTech's common shares on an exchange; ZenaTech's expectations regarding its revenue, expenses, and operations; 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; changes in the target markets; market uncertainty; ability to access additional capital; 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.

 

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Links for reference:

https://www.alliedmarketresearch.com/commercial-drone-market

 

 

https://www.marketsandmarkets.com/Market-Reports/military-drone-market-221577711.html?gad_source=1&gclid=Cj0KCQiApOyqBhDlARIsAGfnyMr1hodfP0uX7dD1vHRnHdPDvrn0IJcaBRKV0M1wNbvcEQACSV-o1jsaAh7ZEALw_wcB

 

https://www.researchandmarkets.com/report/military-drone?gclid=Cj0KCQiAo7KqBhDhARIsAKhZ4ujxKahlJDDFN572-h7U0vCs2WUOP09qqAj6m3zUTTpk9mXiSqTZOb8aAvdREALw_wcB

 

https://www.zenadrone.com/military-industry/