ZenaTech’s Drone as a Service Signs Nearly US$1 Million in Solar Construction Survey Contracts for a U.S. Utility with Potential for US$2.5 Million in Follow-On Revenue
https://www.globenewswire.com/news-release/20...venue.html
VANCOUVER, British Columbia, Nov. 04, 2026 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech” or the “Company”), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces that one of its U.S. Drone as a Service locations has won multiple bids to preform land surveying with an initial aggregate value of nearly US$1 million for a U.S.-based utility company’s solar infrastructure construction project. The contracts cover drone-based topographic surveys supporting what is expected to be a multi-year, multi-billion-dollar electrical grid upgrade. Subject to successful execution and additional contract awards, management estimates that the project could generate up to US$2.5 million in additional revenue over the next two years, with further potential for drone-based solar infrastructure inspection operations following construction completion.
“Winning meaningful customer contracts and converting our DaaS network’s capabilities into revenue is our priority. These awards demonstrate how our local surveying teams can secure major infrastructure project work and build relationships with the potential to generate additional revenue over the life of a multi-year construction project, plus maintenance and inspection services potential once construction is finished,” said Shaun Passley, Ph.D., CEO of ZenaTech. “Turning revenue growth into stronger margins is also a focus. By integrating drones and proprietary AI processing, we aim to deliver surveys faster, complete more projects with existing teams reducing field and office work. Our goal is to increase profit margins from approximately 20% at the time of acquisition to a targeted 40%–60%.”
The initial contracts support the utility customer’s solar infrastructure construction program and establish a foundation for potential follow-on surveying assignments during the construction period. Management’s estimate of up to US$2.5 million in additional revenue relates to prospective survey work beyond the signed contracts and is contingent on customer requirements, project schedules, successful delivery of the initial assignments, and the award of additional work. Post-construction drone-based solar infrastructure inspection and maintenance services represent a separate potential opportunity and are not included in that estimate.
For ZenaTech, these awards demonstrate that its acquisition-led DaaS strategy can turn established local surveying businesses into a platform for larger infrastructure contracts and repeat customer revenue. The Company is pursuing a broader series of new DaaS customer contract opportunities currently under negotiation across its network, while working to increase revenue capacity and profitability through drone and AI integration. Contracts under negotiation have not been awarded, and there can be no assurance that these discussions will result in signed agreements.
ZenaTech’s approach combines licensed surveying expertise, drone-based data capture, and centralized rapid AI software data processing within a single DaaS network. Drones capture dense topographic measurements across a construction site, while surveyors use ground-based equipment to establish control points and verify accuracy. The Company’s proprietary AI software suite is designed to automate the subsequent classification of millions of 3D measurements into ground, vegetation, buildings and utility lines, and extract features needed for survey deliverables. Formal testing of the AI software suite across the DaaS network is planned for 2027.
By reducing routine point-by-point field measurements and automating portions of the office processing workflow, the Company expects this approach to shorten survey turnaround times, lower labor costs per project, and free existing crews to take on additional assignments. For customers, faster delivery can support earlier construction planning and more timely project decisions, with the potential to reduce project costs associated with delays.
ZenaTech’s Drone as a Service division provides on-demand turn-key drone piloting, data capture and data processing services to commercial, government, and infrastructure customers, giving them access to aerial data and automation without owning or operating their own drone fleets. The division is being built through an acquisition-led strategy that combines local surveying and inspection providers into a global network, creating a scalable platform for recurring aerial and data services such as land surveying and construction monitoring, inspections, power washing, and precision agriculture.
https://www.globenewswire.com/news-release/20...venue.html
VANCOUVER, British Columbia, Nov. 04, 2026 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech” or the “Company”), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces that one of its U.S. Drone as a Service locations has won multiple bids to preform land surveying with an initial aggregate value of nearly US$1 million for a U.S.-based utility company’s solar infrastructure construction project. The contracts cover drone-based topographic surveys supporting what is expected to be a multi-year, multi-billion-dollar electrical grid upgrade. Subject to successful execution and additional contract awards, management estimates that the project could generate up to US$2.5 million in additional revenue over the next two years, with further potential for drone-based solar infrastructure inspection operations following construction completion.
“Winning meaningful customer contracts and converting our DaaS network’s capabilities into revenue is our priority. These awards demonstrate how our local surveying teams can secure major infrastructure project work and build relationships with the potential to generate additional revenue over the life of a multi-year construction project, plus maintenance and inspection services potential once construction is finished,” said Shaun Passley, Ph.D., CEO of ZenaTech. “Turning revenue growth into stronger margins is also a focus. By integrating drones and proprietary AI processing, we aim to deliver surveys faster, complete more projects with existing teams reducing field and office work. Our goal is to increase profit margins from approximately 20% at the time of acquisition to a targeted 40%–60%.”
The initial contracts support the utility customer’s solar infrastructure construction program and establish a foundation for potential follow-on surveying assignments during the construction period. Management’s estimate of up to US$2.5 million in additional revenue relates to prospective survey work beyond the signed contracts and is contingent on customer requirements, project schedules, successful delivery of the initial assignments, and the award of additional work. Post-construction drone-based solar infrastructure inspection and maintenance services represent a separate potential opportunity and are not included in that estimate.
For ZenaTech, these awards demonstrate that its acquisition-led DaaS strategy can turn established local surveying businesses into a platform for larger infrastructure contracts and repeat customer revenue. The Company is pursuing a broader series of new DaaS customer contract opportunities currently under negotiation across its network, while working to increase revenue capacity and profitability through drone and AI integration. Contracts under negotiation have not been awarded, and there can be no assurance that these discussions will result in signed agreements.
ZenaTech’s approach combines licensed surveying expertise, drone-based data capture, and centralized rapid AI software data processing within a single DaaS network. Drones capture dense topographic measurements across a construction site, while surveyors use ground-based equipment to establish control points and verify accuracy. The Company’s proprietary AI software suite is designed to automate the subsequent classification of millions of 3D measurements into ground, vegetation, buildings and utility lines, and extract features needed for survey deliverables. Formal testing of the AI software suite across the DaaS network is planned for 2027.
By reducing routine point-by-point field measurements and automating portions of the office processing workflow, the Company expects this approach to shorten survey turnaround times, lower labor costs per project, and free existing crews to take on additional assignments. For customers, faster delivery can support earlier construction planning and more timely project decisions, with the potential to reduce project costs associated with delays.
ZenaTech’s Drone as a Service division provides on-demand turn-key drone piloting, data capture and data processing services to commercial, government, and infrastructure customers, giving them access to aerial data and automation without owning or operating their own drone fleets. The division is being built through an acquisition-led strategy that combines local surveying and inspection providers into a global network, creating a scalable platform for recurring aerial and data services such as land surveying and construction monitoring, inspections, power washing, and precision agriculture.
