ZenaTech Expands Drone Operations through Strategic Acquisition
ZenaTech Enhances Drone Service Capabilities
ZenaTech, Inc. (NASDAQ: ZENA) has recently made a significant move to bolster its capabilities in the Drone as a Service (DaaS) market with the acquisition of Smith Surveying Group LLC. This strategically timed acquisition is poised to strengthen ZenaTech's presence within the government and aviation sectors, particularly in regions with rapid growth and infrastructure investments.
Strategic Acquisition Brings Expertise
Smith Surveying Group, a land surveying and inspection firm based in Florida, has been a trusted player in the market since 1988. By joining forces with this established entity, ZenaTech aims to leverage Smith Surveying's vast expertise to enhance its DaaS offerings that cater to essential sectors such as transportation, public works, and coastal development. ZenaTech's CEO, Shaun Passley, Ph.D., expressed enthusiasm about the synergies the acquisition brings, highlighting the demand for innovative drone solutions in expanding aviation markets.
Market Demand Driving Opportunity
The current climate in Florida's aviation market reveals substantial investments are underway for airport expansions and upgrades. This escalating demand presents unmatched opportunities for ZenaTech's enhanced DaaS solutions, particularly due to the efficiency and speed of drone technology in conducting surveys and inspections. The firm is also well-positioned to support the evolving needs of local communities benefiting from Smith Surveying Group's long-standing relationships.
Broadened Service Offerings
Following this acquisition, ZenaTech is eager to broaden its service offerings. The ongoing investments in Florida's infrastructure and aviation sectors further enhance the need for services like environmental monitoring, hydrographic surveying, and construction oversight. ZenaTech is thus set to deliver advanced drone-based data solutions that not only support infrastructure development but also contribute to sustainable practices.
ZenaTech’s Commitment to Innovation
ZenaTech's commitment to incorporating cutting-edge technology into its operations illustrates its focus on delivering modern solutions without the significant operational burdens that often accompany ownership of drone fleets. Their DaaS model allows clients—both in business and government—to engage drone services on a flexible, subscription basis, ensuring seamless access to the latest innovations in surveying and inspection.
About ZenaTech
ZenaTech is a rapidly growing technology company focused on producing AI-driven drone solutions, enterprise SaaS, and Quantum Computing technologies for businesses across various critical sectors. Its innovative approach has established the company as a leader in operational efficiency, accuracy, and speed. With its global reach spanning North America, Europe, and Asia, the company is expanding its footprint through strategic acquisitions while enhancing its portfolio of services to a diverse clientele.
About ZenaDrone
ZenaDrone, the company’s dedicated subsidiary, develops autonomous business drones aimed at transforming how sectors like agriculture, logistics, and defense operate. Incorporating machine learning and other innovations, ZenaDrone has designed multifunctional drones that serve various purposes, from agricultural monitoring to surveillance tasking.
Contact Information
For more information regarding ZenaTech, you can reach out to Linda Montgomery at ZenaTech at 312-241-1415. For investor inquiries, Michael Mason at CORE IR is also available, and can be contacted via email at investors@zenatech.com.
Frequently Asked Questions
What is the significance of ZenaTech's acquisition of Smith Surveying Group?
This acquisition enhances ZenaTech's DaaS capabilities, allowing for better service delivery in government and aviation sectors.
How does ZenaTech plan to leverage the expertise of Smith Surveying Group?
ZenaTech aims to utilize Smith Surveying's longstanding relationships and experience to enhance its drone solutions across vital sectors.
What areas will benefit from ZenaTech's expanded service offerings?
The expanded offerings will focus on transportation, public works, utilities, and coastal development markets.
How does ZenaTech's DaaS model work?
Clients can access drone services on-demand or through a subscription model, eliminating ownership costs.
Can you tell me more about ZenaDrone's capabilities?
ZenaDrone designs multifunctional drones incorporating AI and machine learning for various applications, from agriculture to logistics.
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