$EPAZ High Flying Drone Stock Watchlist (EPAZ, KTO
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Drone use and application in various sectors have grown dramatically due to their ability to enhance operations in environments with minimal operation. The growth is not showing signs of slowing down amid applications for commercial recreation and military operations. Data shows that the global commercial drone market will hit highs of $57 billion by 2030, up from $19.9 billion as of last year.
The increasing enterprise application of drones and integration of the latest technology continues to fuel demand for drones. As the industry continues to stack billions of dollars annually and consumer demand soars, investment opportunities are increasingly cropping up. EPAZ, KTOS, DPRO, and ACHR are some of the leading players for anyone seeking exposure in the burgeoning drone market.
Epazz Growing Drone Opportunity
Epazz (OTC:EPAZ) has come a long way as a mission-critical provider of drone technology that continues to elicit strong interest around the globe. The company remains the center of attention in the multibillion-dollar industry, focused on improving intelligent unmanned aerial vehicle technology and incorporating machine learning software.
The unveiling of the versatile multi-rotor drone ZenaDrone 1000 has set the company up for tremendous success, given its expected industrial and commercial applications. The drone comes with a high-resolution camera and powerful processor, making it ideal for aerial photography, surveying, mapping, and other specialized tasks. Additionally, the drone comes equipped with advanced security features, including an emergency landing system.
ZenaDrone is the company's subsidiary and has made impressive strides in providing functional, reliable drones tailored for various industries. The unit has already formed ZenaDroneGmbH, a German corporation that will showcase and demonstrate the drone technology at hand and in other European nations.
The formation of the German unit paves the way for Epazz to tap into the thriving European drone market by first establishing a strong presence in Germany.
On September 28, ZenaDrone Inc. said that high-ranking U.S. Navy personnel in the United States Navy had chosen the ZenaDrone 1000 for the purpose of showcasing it at a significant presentation that would be held next week. In this context, it ought to be noted that ZenaDrone has been very successful over the course of the year so far in getting attendance from a number of branches of the United States military.
Moreover, the United States Navy had emerged as another brand of the country's military, which expressed its interest in the ZenaDrone 1000. Additionally, Epazz also noted that preparations had already started on preparing the product for the different branches of the military.
"We are honored to have been chosen by the U.S. Navy to demonstrate our capabilities," said the CEO of ZenaDrone, Inc., Shaun Passley, PhD. "We believe that majority of our revenue will come from sales of ZenaDrone 1000 from the U.S. Government."
Moreover, Epazz is setting a base in Germany, and its ZenaDrone 1000 technology has elicited strong demand in Ireland. The drone has tremendous use in the agricultural sector, opening new opportunities for the company.
Similarly, the company is preparing a series of demonstrations to showcase ZenaDrone's capabilities with the U.S. Navy. The applications come from the U.S. military, which is also showing strong interest in the technology, therefore presenting an opportunity for the company to demonstrate the drone abilities in real-world conditions.
Demonstrations with the U.S. Navy and military come as the company continues pushing for the necessary certifications and licenses to become a defense contractor. The applications come as the company looks to tap into the major need for heavy-lift drones from the Department of Defense.
In addition to pursuing opportunities in the U.S. market, Epazz has also set sights on emerging opportunities in Taiwan. It has already entered into a strategic partnership with Thunder Tiger, a Taiwanese defense contractor. Given its strong ties, the contractor has agreed to sell ZenaDrone 1000 to the Taiwanese government.
Epazz has also established a presence in Brazil by establishing a facility and infrastructure for ZenaDrone 1000 operations. The move comes after over 25 esteemed Brazilian organizations showed strong interest in the ZenaDrone technology.
The strong interest and expansion into new markets affirm ZenaDrone 1000's capabilities as a key driver of value in the years to come. The drone technology offers an opportunity for Epazz to diversify its revenue base from software solutions to hardware.
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