ZenaTech Expands Its European Presence with New Acquisition
Expansion of ZenaTech's Drone as a Service Model
ZenaTech, Inc. (NASDAQ: ZENA), a prominent business technology solution provider based in Vancouver, specializes in AI drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing. It announced a significant step forward with plans to acquire a well-established UK-based 3D design and modeling company focused on the Telecom sector. This move not only marks ZenaTech's first venture into the UK market but also strengthens its position in the European Drone as a Service landscape.
Significance of the Acquisition
The targeted acquisition encompasses services related to transmission tower design, upgrades, and inspections. CEO Shaun Passley highlighted that this acquisition aligns with ZenaTech’s goal to extend its DaaS operations beyond the US and embrace growth opportunities within the flourishing telecommunications and infrastructure sectors. As the demand for modernized telecom networks grows, ZenaTech aims to leverage advanced drone technology to deliver efficient and safe infrastructure solutions.
Innovative Solutions for Telecom
The company being acquired has a solid reputation in the telecom space, working with top-tier clients by offering advanced 3D modeling and design solutions. Their expertise includes the use of digital twins and building information modeling, crucial for enhancing the efficiency of telecom infrastructure management. Recognizing the significant maintenance requirements for telecom towers, future strategic plans include expanding into services such as rust remediation, which will utilize drones for spray-painting tasks.
A Comprehensive Acquisition Strategy
ZenaTech's acquisition strategy targets the modernization of established surveying, inspection, and legacy industries by integrating cutting-edge AI drone technology. This approach not only fosters faster market adoption but also broadens ZenaTech's client base while transforming traditional workflows into scalable, technology-driven solutions. The company is actively pursuing land survey, engineering firms, and other entities ready for innovation to support its ambitious vision for a multiservice DaaS business model.
Growth and Future Prospects
As of now, ZenaTech has completed eight acquisitions toward its strategic goal of launching 25 DaaS locations by mid-2026. The DaaS business model provides clients in various sectors, including government and private enterprises, with flexible access to drone services for surveys, inspections, and maintenance. Clients benefit by eliminating the need for investments in drone technology and compliance-related issues, allowing for greater focus on core business initiatives.
About ZenaTech
ZenaTech is redefining traditional business technology solutions through its innovative contributions to AI drone technology and enterprise solutions. Since its inception in 2017, the company has rapidly advanced its drone design and manufacturing through its subsidiary, ZenaDrone. This enables ZenaTech to enhance processes across various industries, including law enforcement, agriculture, logistics, and more. The company operates globally, with offices across North America, Europe, Taiwan, and the UAE, continuously expanding its DaaS business model through strategic acquisitions.
About ZenaDrone
As a wholly-owned subsidiary of ZenaTech, ZenaDrone focuses on developing autonomous drone solutions incorporating machine learning and AI. While it initially targeted the hemp farming industry, ZenaDrone has grown to provide multifunctional applications for surveillance, monitoring, and inspection across various industrial sectors. The ZenaDrone 1000 delivers precision agriculture solutions, while the IQ Nano indoor drone is designed for logistics management. Moreover, the IQ Square aids in outdoor land surveying and inspections across commercial spaces.
Contact Information
For further inquiries, please reach out to:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com
Frequently Asked Questions
What is the significance of ZenaTech's acquisition?
This acquisition allows ZenaTech to enter the UK Telecom market, enhancing its European operations with advanced drone technology.
How does ZenaTech utilize drones in its services?
ZenaTech harnesses drone technology for services including surveying, inspections, and maintenance in various industries.
What industries can benefit from ZenaTech's technology?
Industries such as telecommunications, agriculture, logistics, and emergency services can benefit from ZenaTech's innovative drone solutions.
What are ZenaTech's future plans for expansion?
ZenaTech aims to establish 25 DaaS locations by mid-2026 as part of its growth strategy.
What solutions does ZenaDrone provide?
ZenaDrone offers advanced autonomous drone solutions for surveillance, inspection, monitoring, and agricultural precision.
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