VANCOUVER, British Columbia, March 11, 2025 – ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA), a technology company focused on AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, today announced it has signed a Letter of Intent (LOI) to acquire a sixth land survey engineering company, located in Arizona.
This acquisition will serve as ZenaTech’s first in the Southwest region, providing a launchpad for further regional expansion and the company’s national DaaS business model. This model uses the speed and precision of AI drone solutions in a convenient subscription or pay-per-use format for businesses and government entities.
CEO Shaun Passley, Ph.D., stated, “Arizona is a strategic location for our first potential Southwest region acquisition, as we already have business offices and a testing site in Phoenix. We can continue to leverage the state’s positive regulatory and manufacturing environment for drone companies. Our vision is to use this single location as a regional launchpad for adding future locations, and ultimately building our national presence offering ZenaDrone products and services for land surveys and many other applications.”
Drones as a Service, or DaaS, operates on a similar principle to Software as a Service (SaaS). Instead of offering software over the internet, DaaS provides drone technology solutions and services on a subscription or pay-per-use basis. This enables businesses and government customers to utilize drones for tasks such as surveying, inspections, security, law enforcement, and precision agriculture, without the need to purchase, operate or maintain the drones themselves.
ZenaTech’s DaaS model offers significant advantages, reducing upfront costs by eliminating the need for expensive drone purchases and ensuring convenience through service provider management of maintenance and operation. Its scalable structure allows companies to adjust usage based on specific needs, and provides access to advanced drone technology without specialized training or equipment.
Accurate land surveys are critical for various projects, including the planning, design, and execution of roads, bridges, and building projects for cities, commercial, and residential developments. These surveys are also necessary for legal purposes. Drones equipped with an array of sensors, cameras, LiDAR (Light Detection and Ranging), and GPS systems capture high-resolution pictures and data efficiently. They are revolutionizing the land survey industry by gathering data across extensive terrains in a matter of hours instead of the weeks or months required by traditional methods.
According to Fact.MR, the global drone surveying market is projected for substantial growth. It is expected to exceed USD $8 billion by 2030, exhibiting a CAGR of 15-20%. This growth is driven by increased demand from industries like construction, agriculture, and infrastructure development. Land surveys represent a sizable portion of the drone surveying market, with significant utilization in real estate, urban planning, environmental applications, and infrastructure projects.
About ZenaTech
ZenaTech (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical business applications. Since 2017, the company has utilized its software development expertise to expand its drone design and manufacturing capabilities through ZenaDrone. This enables it to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes.
With enterprise software clients in law enforcement, health, government, and industrial sectors, and drone implementation in these sectors plus agriculture, defense, and logistics sectors, ZenaTech’s solution portfolio drives operational efficiencies, accuracy, and cost savings.
The company operates seven global offices across North America, Europe, Taiwan, and the UAE. It is actively building out its DaaS business model and global partner network.
Safe Harbor
This press release includes “forward-looking statements” within the meaning of U.S. federal securities laws and applicable Canadian securities laws. These forward-looking statements are subject to safe harbor provisions under the Private Securities Litigation Reform Act of 1995. This information concerns future events or performance of ZenaTech and reflects management’s expectations and projections concerning ZenaTech’s growth, operations, performance, and business prospects.
