ZenaTech Takes Major Step Forward with Acquisition Strategy
ZenaTech Advances with Strategic Acquisition
VANCOUVER, British Columbia — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) has announced a significant milestone with its acquisition of Miller Land Surveying Corporation. This marks the company’s third acquisition in the Southeast, contributing to a larger vision of transforming the land surveying landscape.
Miller Land Surveying, a well-established business in Lake Worth, Florida, boasts over 40 years of expertise in land surveying and mapping. Their integration into ZenaTech not only strengthens the company’s presence in South Florida but also enhances its Drone as a Service (DaaS) offerings across the nation. This acquisition exemplifies ZenaTech's commitment to leveraging advanced drone technology to improve speed and accuracy in surveying.
Transforming the Surveying Industry with Drones
With the addition of Miller Land Surveying, ZenaTech is poised to disrupt the traditional methods used in the surveying industry. CEO Shaun Passley, Ph.D., emphasized the importance of this acquisition, stating that Miller's rich history and strong customer relationships will be pivotal in promoting drone innovation. This initiative aligns with ZenaTech's goals to create a comprehensive DaaS business model that integrates AI efficiencies and precision.
The company's DaaS model introduces an innovative Uber-like approach to accessing drone services. Clients can utilize advanced drones like the ZenaDrone 1000 for a multitude of tasks, whether it be land surveys, power line inspections, or precision farming. This model significantly lowers operational costs and eliminates the need for clients to purchase and maintain expensive equipment.
Benefits of the DaaS Model for Various Industries
This new business approach is not just beneficial for ZenaTech but also offers a multitude of advantages to its customers, which include government bodies, real estate developers, and agricultural firms. By adopting the DaaS model, these organizations can reduce upfront capital investments and focus on their core operations without the burden of drone maintenance.
The DaaS framework further allows for flexibility; customers can scale their usage according to their needs. This scalability is particularly attractive in sectors like construction and agriculture, where project demands fluctuate. Additionally, the integration of sophisticated drone technology, such as advanced sensors and automated features, enhances the efficiency of various tasks without requiring special training.
The Future of Land Surveys with Drones
Accurate land surveys are fundamental for executing infrastructure projects, from roads to bridges. With the advent of drone technology, traditional surveying methods can be expedited, offering high-resolution data in a fraction of the time it traditionally takes. Drones equipped with LiDAR and GPS capabilities can now cover vast areas swiftly, fundamentally revolutionizing data collection processes.
The global market for drone surveying is on an impressive upward trajectory, projected to surpass USD $8 billion by 2030. This growth is attributed to increasing demand across various sectors, including construction and agriculture. ZenaTech is strategically positioned within this expanding market, promising further innovations through its DaaS model.
About ZenaTech
ZenaTech is at the forefront of speculative innovation in the field of drone technology. The company specializes in AI-driven solutions, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing. Establishing its presence since 2017, ZenaTech has harnessed its software expertise to enhance its production of drone technology aimed at improving efficiency in critical business operations across several industries.
As ZenaTech expands its DaaS business and global partner network, it continues to explore new applications of its technologies through its subsidiary, ZenaDrone. The ongoing innovation in drone capabilities is set to increase precision and operational efficiency for clients across various sectors, paving the way for a more efficient future.
Contact Information:
For further inquiries, please reach out to:
Linda Montgomery
312-241-1415
investors@zenatech.com
Frequently Asked Questions
What does ZenaTech do?
ZenaTech specializes in AI drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions aimed at enhancing business efficiency.
What is the significance of acquiring Miller Land Surveying?
Acquiring Miller strengthens ZenaTech's presence in the Southeast and enhances its capabilities in the surveying industry through advanced drones.
How does the DaaS model work?
The DaaS model allows clients to access drone services without the need for purchasing or maintaining equipment, paying only for the services used.
What industries can benefit from ZenaTech's solutions?
ZenaTech's technology is beneficial across various sectors, including construction, agriculture, real estate, and government.
What are the future prospects for ZenaTech?
ZenaTech is positioned for continued growth in the expanding drone surveying market, innovating its offerings to meet the evolving needs of its clients.
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