ZenaTech, Inc. (NASDAQ: ZENA) To Commence Trading Today

ZenaTech, Inc. (NASDAQ: ZENA) To Commence Trading Today

 

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

 

 

Miami, FL -- InvestorsHub NewsWire – October 1, 2024 – 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 i its common shares are approved for listing on the Nasdaq Capital Market ("Nasdaq") under the ticker symbol "ZENA"

 

ZenaTech's common shares are expected to commence trading on October 1st, 2024.

 

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

 

ZenaTech, Inc. (NASDAQ: ZENA), is a new public company in the drone space which 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).

 

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. 

 

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.

 

 

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 Science Corp. (NASDAQ: AVXL)

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

NioCorp Developments, Ltd. (NASDAQ: NB)

Nio, Inc. (NASDAQ: NIO)

 

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 our 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 IQ series of indoor drone products.

 

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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/