ZenaTech acquires Smith Surveying Group to enhance its Drone as a Service offerings in Florida's aviation and infrastructure markets.
Quiver AI Summary
ZenaTech, Inc., a technology solutions provider focused on AI drones and Drone as a Service, has completed its acquisition of Jacksonville-based Smith Surveying Group LLC, enhancing its capabilities in government and aviation markets in Florida's rapidly growing metropolitan area. This marks ZenaTech's 13th acquisition and positions it well to meet increasing demand for drone-based surveying and inspections, particularly in light of significant state investments in airport modernization and infrastructure. Smith Surveying Group, established in 1988, adds valuable expertise and existing client relationships across various sectors, supporting ZenaTech's goal of expanding its Drone as a Service offerings to diverse applications such as transportation and environmental monitoring, all while avoiding the capital costs associated with owning drone technology. With the addition of Smith Surveying Group, ZenaTech aims to strengthen its footprint in the industry and foster sustainable development and resilience.
Potential Positives
- Completion of the acquisition of Smith Surveying Group LLC enhances ZenaTech's services and market presence in Florida's rapidly growing aviation and infrastructure sectors.
- The acquisition allows ZenaTech to leverage Smith Surveying Group's established client relationships and expertise, facilitating the deployment of Drone as a Service solutions across multiple sectors.
- With Florida's significant investment in airport modernization, the acquisition positions ZenaTech to capture heightened demand for drone-based surveying and inspection services.
- This move towards building a global, multi-service DaaS network underscores ZenaTech's commitment to expanding its offerings and generating recurring revenue through established service companies.
Potential Negatives
- The acquisition of Smith Surveying Group, while strategic, raises concerns about potential overreach in ZenaTech’s aggressive acquisition strategy, which could strain resources and lead to integration challenges.
- The press release heavily relies on forward-looking statements, which may cause investor skepticism regarding the company's ability to meet its ambitious growth projections and operational expectations.
- The mention of significant investments in Florida's aviation market hints at high competition, potentially impacting ZenaTech's market share and profitability within this rapidly developing sector.
FAQ
What is ZenaTech's latest acquisition?
ZenaTech has acquired Smith Surveying Group LLC, enhancing its Drone as a Service capabilities in Florida.
How does the acquisition benefit ZenaTech?
This acquisition strengthens ZenaTech's position in government and aviation markets, providing advanced drone surveying solutions.
What services does ZenaTech's Drone as a Service offer?
ZenaTech's DaaS provides on-demand drone services for surveying, inspection, maintenance, and environmental monitoring, among others.
Who are ZenaTech's primary customers?
ZenaTech serves government agencies, businesses, and industries like agriculture, aviation, defense, and logistics.
What is the significance of Florida's aviation investments for ZenaTech?
Florida's substantial airport modernization investments create high demand for ZenaTech's drone-based surveying and inspection services.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$ZENA Hedge Fund Activity
We have seen 27 institutional investors add shares of $ZENA stock to their portfolio, and 8 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- SUSQUEHANNA INTERNATIONAL GROUP, LLP added 296,149 shares (+inf%) to their portfolio in Q3 2025, for an estimated $1,421,515
- SKANDINAVISKA ENSKILDA BANKEN AB (PUBL) added 126,135 shares (+inf%) to their portfolio in Q3 2025, for an estimated $605,448
- VIDENT ADVISORY, LLC added 111,264 shares (+inf%) to their portfolio in Q3 2025, for an estimated $534,067
- DNB ASSET MANAGEMENT AS added 96,141 shares (+194.9%) to their portfolio in Q3 2025, for an estimated $461,476
- QUADRATURE CAPITAL LTD added 85,869 shares (+inf%) to their portfolio in Q3 2025, for an estimated $412,171
- CITADEL ADVISORS LLC added 60,363 shares (+inf%) to their portfolio in Q3 2025, for an estimated $289,742
- MORGAN STANLEY added 54,447 shares (+250.3%) to their portfolio in Q3 2025, for an estimated $261,345
To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.
$ZENA Analyst Ratings
Wall Street analysts have issued reports on $ZENA in the last several months. We have seen 1 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
Here are some recent analyst ratings:
- Maxim Group issued a "Buy" rating on 06/16/2025
To track analyst ratings and price targets for $ZENA, check out Quiver Quantitative's $ZENA forecast page.
Full Release
VANCOUVER, British Columbia, Dec. 02, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology business solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces the completion of its acquisition of Smith Surveying Group LLC, a Jacksonville, Fla.-based land surveying and inspection firm with longstanding expertise and clients across municipal, aviation, and commercial markets. This 13 th acquisition added to the Drone as a Service network strengthens the company’s capabilities to serve government and aviation markets in one of Florida’s fastest-growing metropolitan areas also known for its aviation and aerospace presence.
“Smith Surveying Group brings a long history and trusted relationships with Jacksonville area customer communities and offers enormous opportunities to deploy our Drone as a Service solutions across important verticals like transportation, public works, utilities, commercial, and coastal development survey markets,” said Shaun Passley, Ph.D., ZenaTech CEO. “The Florida aviation market is currently experiencing substantial investments in airport expansion and upgrades, which is driving demand for fast and efficient drone-based surveying and inspections, and we are ready to service these needs.”
Founded in 1988, Smith Surveying Group is an established presence in Jacksonville’s public sector and commercial markets across many of the region’s infrastructure, development and land-use projects. Along with the company’s recent acquisition of Jacksonville-based A&J Land Surveyors, Inc , also known for its expertise in aviation, infrastructure and utilities, ZenaTech’s Drone as a Service is well-positioned to capture a strong foothold in the region and beyond.
Florida’s ongoing investment in aviation and infrastructure further accelerates this opportunity considering the state’s 2025/26 budget that dedicates over $345 million to airport modernization, expansion, and maintenance, driving strong demand for drone-based construction land surveys. Jacksonville’s complex coastal environment and expanding commercial corridors also create a growing need for environmental monitoring, hydrographic surveying, and construction oversight. This acquisition enables ZenaTech to broaden its service offerings, delivering advanced drone-based data across a diverse range of applications that support sustainable development and infrastructure resilience.
ZenaTech’s Drone as a Service (DaaS) offering provides business and government clients flexible and on-demand or subscription-based access to drone services for surveying, inspection, maintenance, power washing, inventory management, and precision agriculture and other services, without the capital costs or operational burdens of ownership. By acquiring established, profitable service companies ready for drone innovation, ZenaTech is building a global, multi-service DaaS network anchored by existing customers and recurring revenue.
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 leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes. With enterprise software customers using branded solutions in law enforcement, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech’s portfolio of solutions helps drive exceptional operational efficiencies, speed, and accuracy. The Company operates through global offices in North America, Europe, Taiwan, and UAE, and is growing its US DaaS business and network of locations through acquisitions.
About ZenaDrone
ZenaDrone , a wholly owned subsidiary of ZenaTech, designs and manufactures autonomous business drone solutions that can incorporate machine learning software, AI, predictive modeling, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown to the development of multifunctional drone solutions designed for industrial inspections, monitoring, maintenance, precision agriculture, process automation, and defense applications. Currently, the ZenaDrone 1000 drone is used for crop management applications in agriculture and has been used for critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management and security in the warehouse and logistics sectors, and the IQ Square is an outdoor drone designed for land surveys and inspections use in commercial and defense sectors.
Contacts for more information:
Company, Investors, and Media:
Linda Montgomery
ZenaTech
312-241-1415
Investors:
Michael Mason
CORE IR
Safe Harbor
This press release and related comments by management of ZenaTech, Inc. include “forward-looking statements” within the meaning of U.S. federal securities laws and applicable Canadian securities laws. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. This forward-looking information relates to future events or future performance of ZenaTech and reflects management’s expectations and projections regarding ZenaTech’s growth, results of operations, performance, and business prospects and opportunities. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “aim”, “seek”, “is/are likely to”, “believe”, “estimate”, “predict”, “potential”, “continue” or the negative of these terms or other comparable terminology intended to identify forward-looking statements. Forward-looking information in this document includes, but is not limited to ZenaTech’s expectations regarding its revenue, expenses, production, operations, costs, cash flows, and future growth; expectations with respect to future production costs and capacity; ZenaTech's ability to deliver products to the market as currently contemplated, including its drone products including ZenaDrone 1000 and IQ Nano; ZenaTech’s anticipated cash needs and it’s needs for additional financing; ZenaTech’s intention to grow the business and its operations and execution risk; expectations with respect to future operations and costs; the volatility of stock prices and market conditions in the industries in which ZenaTech operates; political, economic, environmental, tax, security, and other risks associated with operating in emerging markets; regulatory risks; unfavorable publicity or consumer perception; difficulty in forecasting industry trends; the ability to hire key personnel; the competitive conditions of the industry and the competitive and business strategies of ZenaTech; ZenaTech’s expected business objectives for the next twelve months; ZenaTech’s ability to obtain additional funds through the sale of equity or debt commitments; investment capital and market share; the ability to complete any contemplated acquisitions; changes in the target markets; market uncertainty; ability to access additional capital, including through the listing of its securities in various jurisdictions; management of growth (plans and timing for expansion); patent infringement; litigation; applicable laws, regulations, and any amendments affecting the business of ZenaTech.