ZenaTech announces acquisition of North Carolina land surveying company, enhancing its Drone as a Service operations and market reach.
Quiver AI Summary
ZenaTech, Inc., based in Vancouver and listed on multiple stock exchanges, has announced its intention to acquire a North Carolina land surveying company with a strong government client base, which will enhance its presence in the Southeast United States. This acquisition follows ZenaTech's earlier planned purchase of another surveying firm in the same region. ZenaTech aims to integrate AI-powered drone technology into land survey workflows to improve efficiency and accuracy, aligning with its strategy to develop a scalable Drone as a Service (DaaS) business model. The newly acquired company provides essential surveying services across various sectors, which will help ZenaTech reduce costs and streamline processes for both business and government customers. ZenaTech has successfully completed five acquisitions thus far and plans to pursue an additional 20 within the next year, as part of its growth strategy in the AI drone and DaaS sectors.
Potential Positives
- ZenaTech has signed an offer to acquire a well-established land surveying company, enhancing its presence in the US Southeast and providing access to a strong government customer base.
- The acquisition aligns with ZenaTech's strategy to build a scalable national Drone as a Service (DaaS) business, potentially leading to increased recurring revenue opportunities.
- By integrating AI-powered drone technology into land survey workflows, ZenaTech aims to provide improved speed and precision, which could revolutionize traditional surveying processes.
- The company has successfully closed five acquisitions to date as part of its DaaS model and plans to complete 20 more acquisitions in the next 12 months, indicating robust growth prospects.
Potential Negatives
- Large number of anticipated acquisitions (20 in the next 12 months) may indicate aggressive growth strategies that could strain resources or lead to integration challenges.
- Dependence on forward-looking statements raises concerns about the company's ability to meet ambitious growth expectations, potentially leading to investor skepticism.
- Acquisition of a land surveying company with a strong government customer base may invite scrutiny regarding regulatory compliance and political risks in that sector.
FAQ
What is ZenaTech's latest acquisition?
ZenaTech has signed an offer to acquire a North Carolina-based land surveying company focused on government clients.
How does the acquisition benefit ZenaTech?
This acquisition enhances ZenaTech's market penetration and supports growth in the US Southeast, leveraging AI drone technology for land surveys.
What services does the surveying company provide?
The company offers boundary surveys, topographic surveys, ALTA surveys, construction staking, and essential survey solutions for various sectors.
What does ZenaTech's Drone as a Service (DaaS) model offer?
The DaaS model provides customers with reduced costs, convenience, scalability, and eliminates the need for owning drone hardware and managing pilots.
How many acquisitions does ZenaTech plan to complete soon?
ZenaTech aims to complete 20 more acquisitions in the next 12 months as part of its growth strategy.
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.
Full Release
VANCOUVER, British Columbia, June 26, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, announces it has signed an offer to acquire a well-established North Carolina-based land surveying company with a strong government customer base. The proposed acquisition expands operations in the state when combined with a previously announced proposed land survey acquisition with operations in North Carolina. With over three decades of success serving government agencies, municipal governments, construction companies, and real estate developers, this strategic acquisition would significantly advance the company’s regional market penetration as well as growth in the US Southeast.
“This proposed acquisition aligns with our strategy to build a robust, scalable, national Drone as a Service business while empowering strong regional and local hubs and recurring revenue opportunities,” said Shaun Passley, Ph.D., ZenaTech CEO. “We plan to embed AI-powered drone technology into critical land survey workflows providing unparalleled speed and precision. Land surveys are a first step to innovating multiple legacy businesses and inefficient processes with our DaaS model and our drones.”
The land survey company offers comprehensive services include boundary surveys, topographic and site planning surveys, ALTA (American Land Title Association) / ACSM (American Congress on Surveying and Mapping) surveys, construction staking, and other essential survey solutions for permitting, financing, and construction across city, county, and commercial sectors.
ZenaTech’s Drone as a Service (DaaS) business model offers both business and government customers reduced costs and convenience to utilize drones to streamline legacy processes and manual tasks such as inspections, surveying, maintenance, precision agriculture and inventory management ─ there is no need to purchase drone hardware and software, find a drone pilot, manage maintenance and operation, or acquire regulatory approvals. The model also offers scalability to use more often or less often based on business needs and utilizes ZenaDrone’s multifunction AI autonomous drones.
The company has closed five acquisitions across the US to date as part of its DaaS business model and strategy and has announced it plans to complete 20 more acquisitions in the next 12 months.
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, health, 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, accuracy, and cost savings. The Company operates through seven global offices in North America, Europe, Taiwan, and UAE, and is growing a DaaS business model and global partner network.
About ZenaDrone
ZenaDrone , a wholly owned subsidiary of ZenaTech, develops 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 multifunctional drone solutions for industrial surveillance, monitoring, inspection, tracking, process automation and defense applications. Currently, the ZenaDrone 1000 drone is used for crop management applications in agriculture and 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 indoor/outdoor drone designed for land survey and inspections use in commercial and defense sectors.
Contacts for more information:
Company, Investors and Media:
Linda Montgomery
ZenaTech
312-241-1415
[email protected]
Investors:
Michael Mason
CORE IR
[email protected]
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.
