ZenaTech, Inc. Stock Price, News & Analysis

ZenaTech (Nasdaq: ZENA) announced that its subsidiary, ZenaDrone, has completed the first phase of drone testing and 3D mapping for a multinational auto parts manufacturer's inventory management trial. The company's IQ Nano drone will begin production phase flights for automated barcode reading and inventory system integration. The testing was conducted at ZenaDrone's UAE facility, followed by 3D warehouse mapping at the customer's site. The IQ Nano, a 10x10-inch autonomous drone, features 20-minute flight time, obstacle avoidance, and integrated sensors for warehouse operations.

ZenaTech (Nasdaq: ZENA) announced the establishment of Spider Vision Sensors in Taiwan to manufacture drone sensors and components for its subsidiary ZenaDrone. This strategic move aims to ensure compliance with the US National Defense Authorization Act (NDAA), positioning the company to secure more US Military contracts. The facility will produce various sensors including LiDAR, thermal, infrared, and components for drone production at their UAE and future Arizona facilities. Taiwan was chosen for its electronics expertise and cost-effective alternatives to Chinese components. The manufacturing facility is expected to open in November, supporting the company's goals to achieve Green UAS and Blue UAS certifications as an approved supplier.

ZenaTech (Nasdaq: ZENA) has announced several key promotions within its management team across its ZenaDrone and enterprise SaaS divisions. The company has promoted Philander Franklin to VP of Business Development for Americas, Simon Henry to VP of Business Development for EMEA, Steve Rhode to Director of Software Sales and Customer Support, and Lindsey Bartholomew to Director of Administration. These promotions aim to strengthen the company's position in AI drone solutions and enterprise SaaS markets, with a focus on expanding operations in North America, Ireland, and the EMEA region.

ZenaTech (Nasdaq: ZENA) announces its subsidiary ZenaDrone is acquiring a US Design Patent for the second-generation ZenaDrone 1000 drone design from its former parent company. The patent (US D1,005,883 S) includes design improvements enabling increased payload capacity from 20 lbs. to 80 lbs., longer flight times through rotating arms and wind gliding capabilities. The ZenaDrone 1000, an autonomous quadcopter with eight rotors, is designed for industrial applications including agriculture, defense, oil and gas, and utilities. The drone has been tested with the US military for delivering temperature-controlled medical supplies.

ZenaTech (Nasdaq: ZENA) has announced an agreement to acquire ZooOffice Inc., which holds software companies Jadian and DeskFlex, from its former parent company. The acquisition will enhance ZenaTech's AI drone solutions by incorporating compliance, inspection, scheduling, and mapping software capabilities. Jadian's compliance software will integrate with ZenaDrone to help farmers manage regulatory requirements, while DeskFlex's scheduling and mapping software will strengthen property management solutions. The deal aims to expand ZenaTech's SaaS portfolio and increase recurring revenue in the government sector, subject to shareholder and regulatory approvals.

ZenaTech (Nasdaq: ZENA) has announced the launch of its IQ Nano drone through its subsidiary ZenaDrone. The IQ Nano is a 10x10-inch indoor drone designed for warehouse, distribution, and plant facilities. It aims to improve productivity in tasks such as inventory management, facility maintenance inspections, and security monitoring.

Key features of the IQ Nano include:

• Weighs 1.5kg with up to 20 minutes of flight time
• Autonomous operation with integrated sensors and high-quality cameras
• Indoor GPS for safety and obstacle avoidance
• Charging pad for convenient maintenance
• Tethered cable option for extended flight times
• Carbon-fiber shell for durability
• Compact design for portability and storage

CEO Dr. Shaun Passley emphasizes the drone's potential to eliminate repetitive tasks and save time and money for customers in warehousing and logistics sectors.

ZenaTech (Nasdaq: ZENA), an AI drone and enterprise SaaS solutions company, has announced key management team appointments. Craig Passley has been named Company Secretary, bringing experience from his roles at M/I Homes and as Corporate Secretary for Epazz and FlexFridge. Sajjad Asif has been promoted to Chief Technology Officer, leveraging his 18 years of experience in software and drone technologies. Linda Montgomery joins as Vice President of Corporate Development, bringing over 20 years of experience in investor relations, business development, and marketing for technology companies.

These appointments aim to strengthen ZenaTech's leadership team, potentially enhancing the company's technological capabilities and corporate strategy. The diverse backgrounds and extensive experience of the new appointees could contribute to ZenaTech's growth and development in the AI drone and SaaS markets.

ZenaTech (Nasdaq: ZENA) announced that its subsidiary, ZenaDrone, has received FAA approval for visual line-of-sight commercial applications and data collection in the United States. This exemption allows for live testing, evaluation, and demonstration of the ZenaDrone 1000 product with US-based partners and potential customers, including at drone tradeshows and exhibit events.

CEO Dr. Shaun Passley emphasized the importance of this milestone for refining drone solutions, distribution, and manufacturing plans in the US. The approval also supports ZenaDrone's joint venture with Night Sun, a Native American , to develop drone applications for search and rescue, firefighting, cargo delivery, and land surveying.

The ZenaDrone 1000 is an autonomous drone designed for stable flight, maneuverability, and heavy lift capabilities. It incorporates AI, sensors, and purpose-built attachments for industrial use. The drone is currently used by farmers in Ireland for smart farming and has been piloted with the US military for delivering temperature-controlled critical medical supplies.

ZenaTech Inc. (Nasdaq: ZENA), an AI drone and enterprise SaaS company, has announced its direct listing on the Nasdaq Capital Market. Trading of ZenaTech's common shares began on October 1, 2024, under the ticker symbol ZENA.

CEO Dr. Shaun Passley expressed satisfaction with the company's public listing status, stating that it will help expand their potential investor base and support growth plans for drone solutions. ZenaTech specializes in software and hardware innovations for inspection, monitoring, compliance, field service, and other mission-critical business applications.

Maxim Group served as the exclusive financial advisor to ZenaTech for this direct listing process.