ZenaTech Expands Drone Services with Strategic Acquisition Move
ZenaTech Moves to Enhance Drone Services in the Government Sector
VANCOUVER, British Columbia – ZenaTech, Inc. (NASDAQ: ZENA) has made headlines with its strategic move to strengthen its Drone as a Service (DaaS) capabilities. The company has officially signed an offer to acquire a reputable land surveying firm based in Jacksonville, Florida, marking its second acquisition in this rapidly developing market. This new partnership aims to bolster ZenaTech's presence in the aviation and government sectors, responding to growing demand within these industries.
Unlocking New Opportunities in Florida
According to Shaun Passley, Ph.D., CEO of ZenaTech, Jacksonville represents a heavily underserved area for advanced drone surveying and inspection services, which spans over 874 square miles—making it the largest city by land area in the continental U.S. With many public works initiatives underway, ZenaTech sees a tremendous opportunity to deploy its DaaS model for various applications, including utilities, infrastructure, and transportation.
The Florida aviation industry is currently ripe with growth, with significant investments directed towards expanding and upgrading airports. This isn't just good news for local businesses but paves the way for innovative drone-enabled surveying and inspection capabilities that ZenaTech is fully prepared to offer.
A Comprehensive Suite of Services
The acquisition not only enhances ZenaTech's service portfolio with vital land surveying and drone-enabled inspection services but also allows the company to deliver cutting-edge solutions to municipal and utility clients across the region. Following the recently completed acquisition of A&J Land Surveyors, Inc., known for its specialized aviation expertise, ZenaTech is set to gain a stronger foothold in this crucial market.
Investment in Infrastructure Growth
As one of the fastest-growing states in the U.S., Florida invests billions in its infrastructure, including highways, bridges, and aviation projects. With over $345.4 million earmarked for aviation infrastructure in the current state budget, the demand for ZenaTech’s innovative drone solutions is expected to surge. These investments create a strong market opportunity for ZenaTech's advanced drone technology, particularly in surveying and inspection services.
Ambitious Expansion Goals
ZenaTech is marching forward with a clear vision for growth. The company has successfully completed 11 acquisitions so far, with the ambitious goal of establishing 25 Drone as a Service locations across the United States by mid-2026. This strategic expansion will provide government and business clients with flexible access to drone services for numerous applications, including precision farming and automation solutions.
Transforming Business Operations
The DaaS model offered by ZenaTech allows for a pay-per-use or subscription-based service, reducing the need for substantial capital investments in equipment, personnel, and maintenance. Clients can harness the power of drone innovation without the burden of operational complexities. The company's focus is on acquiring land survey engineering and related businesses primed for drone integration, perfectly aligning with ZenaTech’s broader vision of establishing a tech-enabled drone business.
About ZenaTech
ZenaTech (NASDAQ: ZENA) is at the forefront of technological advancements in the drone sphere, focusing on the development of AI-driven drones and enterprise SaaS solutions. Since its inception, ZenaTech has enhanced its capabilities by establishing ZenaDrone, which specializes in crafting advanced drones for various missions, from safety compliance to critical infrastructure monitoring. With solutions applicable in law enforcement, health care, and logistics among others, ZenaTech is reshaping operations through innovative drone technology.
About ZenaDrone
ZenaDrone is a proud subsidiary of ZenaTech, dedicated to creating autonomous drone systems that integrate cutting-edge technologies such as machine learning and Quantum Computing. Initially innovative solutions catered to the hemp farming sector, the company has expanded its focus to serve a diverse range of industries, including defense, with multifunctional drones tailored for surveillance, monitoring, and process automation.
Frequently Asked Questions
What is ZenaTech's main business focus?
ZenaTech specializes in Drone as a Service, where it offers advanced drone solutions for inspection, surveying, and data collection across various sectors.
How many acquisitions has ZenaTech completed?
As of now, ZenaTech has completed 11 acquisitions with plans to reach a total of 25 by mid-2026.
What markets is ZenaTech targeting with its new acquisition?
The company aims to penetrate the government and aviation markets, particularly in Florida, where there is a strong demand for advanced drone services.
What benefits does ZenaTech offer clients with its DaaS model?
The DaaS model offers flexibility in service access, eliminates capital costs, and allows for scalable solutions without the need for clients to manage drone operations themselves.
Where does ZenaTech operate?
ZenaTech operates globally, with offices in North America, Europe, Taiwan, and the UAE, while focusing on expanding its U.S. Drone as a Service locations.
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