ZenaTech Expands European DaaS Business through Acquisition
ZenaTech, Inc. (NASDAQ: ZENA) has signed an agreement to acquire a prominent 3D design and modeling company in the UK. This acquisition aims to enhance ZenaTech's footprint in the Drone as a Service (DaaS) sector throughout Europe, marking a significant milestone in its growth strategy.
Strategic Expansion into Telecom Sector
The target company specializes in providing design, upgrade, and inspection services for transmission towers. ZenaTech sees this acquisition as an opportunity to offer advanced 3D modeling solutions that align with the ongoing modernization of telecom networks, notably with the transition to 5G technology. By incorporating cutting-edge drone-enabled solutions, ZenaTech will deliver faster and more efficient telecom infrastructure services while maintaining high safety standards.
Commitment to Innovation and Efficiency
According to Shaun Passley, Ph.D., CEO of ZenaTech, this acquisition reflects the firm’s dedication to broadening its DaaS business internationally. The firm aims for sustained long-term growth opportunities in the evolving telecom sector. ZenaTech's approach combines industry expertise with advanced drone technology, positioning the company as a leader in infrastructure innovation across multiple sectors.
Advanced Solutions for Telecom Infrastructure
The acquired firm has established itself with leading telecom customers, providing vital services through 3D scanning and modeling. Their capabilities include creating digital twins and building information modeling, which ensure efficient management and upgrading of telecom support structures. Furthermore, ZenaTech plans to enhance its service offerings by introducing drone-assisted rust remediation and spray-painting operations.
Modernizing Surveying and Inspection Services
ZenaTech’s acquisition strategy targets traditional surveying and inspection businesses for modernization through AI-driven drone technology. By integrating sophisticated hardware and software, ZenaTech transforms these traditional industries, paving the way for a more streamlined, scalable business model. The company’s acquisitions will bolster its operational efficiency and foster a diverse client base.
Goals for Future Growth and Development
So far, ZenaTech has completed eight acquisitions and aims to establish 25 DaaS locations by mid-2026. Their DaaS model offers clients flexible access to advanced drone services for various applications, from inspections to maintenance tasks, reducing the need for investment in drone assets and compliance requirements.
About ZenaTech
ZenaTech, Inc. (NASDAQ: ZENA), a leader in business technology, focuses on providing innovative AI drone solutions for mission-critical applications. Since its inception in 2017, ZenaTech has developed its drone capabilities through ZenaDrone, creating tailored solutions that enhance operational processes across numerous sectors, including government and industrial markets. The company is committed to growing its DaaS business model across North America, Europe, Taiwan, and the UAE through strategic acquisitions.
About ZenaDrone
ZenaDrone, a wholly owned subsidiary, specializes in crafting autonomous drone solutions that leverage machine learning and AI technologies for various industry applications. From agriculture to defense, ZenaDrone is revolutionizing industries with advanced drone innovations aimed at improving monitoring, inspection, and process automation.
Contact Information
Company, Investors, and Media Contact:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com
Investors Contact:
Michael Mason
CORE IR
investors@zenatech.com
Frequently Asked Questions
What is ZenaTech's recent acquisition?
ZenaTech has signed an offer to acquire a UK-based 3D design and modeling company that serves the telecom sector.
How does this acquisition align with ZenaTech's strategy?
This acquisition supports ZenaTech's aim to expand its Drone as a Service operations into Europe and enhance its service offerings in the telecom industry.
What technologies does ZenaTech integrate with its services?
ZenaTech utilizes AI, drone technology, and advanced 3D modeling solutions to improve surveying and inspection services.
How many acquisitions has ZenaTech completed so far?
ZenaTech has completed eight acquisitions as part of its goal to establish additional Drone as a Service locations globally.
What is ZenaTech's long-term vision?
ZenaTech envisions a scalable, multiservice business model anchored by innovative drone technology that serves various sectors, including telecommunications.
