ZenaTech Expands Ireland Office Offering Drone as a Service (DaaS) Including Precision Agriculture to a European Market Growing at 28.6% Annually
ZenaTech (NASDAQ: ZENA) has announced the expansion of its operations with a new European Headquarters in Dublin, Ireland, set to open in summer 2025. The strategically located facility near Dublin Airport will serve the company's growing drone and Drone as a Service (DaaS) business across Europe, focusing on precision agriculture and various industrial applications.
The expansion targets the rapidly growing European agricultural drone market, valued at $4.6 billion in 2023 and projected to reach $43.23 billion by 2032, with a CAGR of 28.58%. ZenaTech's DaaS model will utilize its ZenaDrone 1000 and IQ series for applications ranging from crop monitoring to inventory management, offering subscription-based and pay-per-use options.
ZenaTech (NASDAQ: ZENA) ha annunciato l'espansione delle sue attività con una nuova sede europea a Dublino, Irlanda, che aprirà nell'estate 2025. La struttura, situata strategicamente vicino all'aeroporto di Dublino, servirà il crescente settore dei droni e del Drone as a Service (DaaS) dell'azienda in tutta Europa, concentrandosi sull'agricoltura di precisione e su diverse applicazioni industriali.
L'espansione mira al mercato europeo dei droni agricoli in rapida crescita, valutato 4,6 miliardi di dollari nel 2023 e previsto raggiungere 43,23 miliardi di dollari entro il 2032, con un tasso di crescita annuale composto (CAGR) del 28,58%. Il modello DaaS di ZenaTech utilizzerà i suoi ZenaDrone 1000 e la serie IQ per applicazioni che vanno dal monitoraggio delle colture alla gestione dell'inventario, offrendo opzioni basate su abbonamento e pagamento a consumo.
ZenaTech (NASDAQ: ZENA) ha anunciado la expansión de sus operaciones con una nueva sede europea en Dublín, Irlanda, que abrirá en el verano de 2025. La instalación, estratégicamente ubicada cerca del aeropuerto de Dublín, atenderá el creciente negocio de drones y Drone as a Service (DaaS) de la compañía en toda Europa, enfocándose en la agricultura de precisión y diversas aplicaciones industriales.
La expansión apunta al mercado europeo de drones agrícolas, que crece rápidamente y fue valorado en 4.600 millones de dólares en 2023, con una proyección de alcanzar 43.230 millones de dólares para 2032, con una tasa de crecimiento anual compuesta (CAGR) del 28,58%. El modelo DaaS de ZenaTech utilizará sus ZenaDrone 1000 y la serie IQ para aplicaciones que van desde el monitoreo de cultivos hasta la gestión de inventarios, ofreciendo opciones de suscripción y pago por uso.
ZenaTech (NASDAQ: ZENA)는 2025년 여름에 개설될 아일랜드 더블린에 새로운 유럽 본사를 설립하여 사업을 확장한다고 발표했습니다. 더블린 공항 근처에 전략적으로 위치한 이 시설은 정밀 농업과 다양한 산업용 애플리케이션에 중점을 두고 유럽 전역에서 증가하는 드론 및 서비스형 드론(DaaS) 사업을 지원할 예정입니다.
이번 확장은 2023년에 46억 달러 규모였으며 2032년까지 432억 3천만 달러에 이를 것으로 예상되는 연평균 성장률 28.58%의 빠르게 성장하는 유럽 농업용 드론 시장을 목표로 합니다. ZenaTech의 DaaS 모델은 ZenaDrone 1000과 IQ 시리즈를 활용하여 작물 모니터링부터 재고 관리에 이르기까지 다양한 용도를 지원하며, 구독 기반 및 사용량 기반 결제 옵션을 제공합니다.
ZenaTech (NASDAQ : ZENA) a annoncé l'expansion de ses opérations avec un nouveau siège européen à Dublin, en Irlande, qui ouvrira à l'été 2025. L'installation, stratégiquement située à proximité de l'aéroport de Dublin, servira les activités croissantes de drones et de Drone as a Service (DaaS) de l'entreprise à travers l'Europe, en se concentrant sur l'agriculture de précision et diverses applications industrielles.
Cette expansion vise le marché européen des drones agricoles en forte croissance, évalué à 4,6 milliards de dollars en 2023 et projeté pour atteindre 43,23 milliards de dollars d'ici 2032, avec un taux de croissance annuel composé (CAGR) de 28,58 %. Le modèle DaaS de ZenaTech utilisera ses ZenaDrone 1000 et la série IQ pour des applications allant de la surveillance des cultures à la gestion des stocks, offrant des options d'abonnement et de paiement à l'usage.
ZenaTech (NASDAQ: ZENA) hat die Erweiterung seiner Geschäftstätigkeiten mit einer neuen europäischen Zentrale in Dublin, Irland, angekündigt, die im Sommer 2025 eröffnet wird. Die strategisch günstig nahe dem Flughafen Dublin gelegene Einrichtung wird das wachsende Drohnen- und Drone as a Service (DaaS)-Geschäft des Unternehmens in ganz Europa bedienen und sich auf Präzisionslandwirtschaft sowie verschiedene industrielle Anwendungen konzentrieren.
Die Expansion zielt auf den schnell wachsenden europäischen Markt für landwirtschaftliche Drohnen ab, der im Jahr 2023 einen Wert von 4,6 Milliarden US-Dollar hatte und bis 2032 voraussichtlich 43,23 Milliarden US-Dollar erreichen wird, mit einer jährlichen Wachstumsrate (CAGR) von 28,58 %. Das DaaS-Modell von ZenaTech wird seine ZenaDrone 1000 und die IQ-Serie für Anwendungen von der Überwachung von Feldfrüchten bis hin zur Bestandsverwaltung nutzen und sowohl abonnementbasierte als auch nutzungsabhängige Zahlungsoptionen anbieten.
- European agricultural drone market shows strong growth potential with 28.58% CAGR
- Strategic location near Dublin Airport provides access to key European markets
- DaaS business model reduces customer acquisition costs and provides recurring revenue
- Expansion into multiple sectors including agriculture, construction, renewable energy, and logistics
- Significant investment required for new European headquarters expansion
- Operating costs will increase with new facility and operations
Insights
ZenaTech's European expansion targets a rapidly growing drone market with recurring revenue potential, though financial details and competitive advantages remain unspecified.
ZenaTech's establishment of a European headquarters in Dublin represents a strategic geographic expansion targeting the $4.6 billion European agricultural drone market projected to reach $43.23 billion by 2032 - growing at a
The company's Drone as a Service (DaaS) business model merits attention as it creates potential for recurring revenue streams through subscriptions and pay-per-use arrangements. This approach reduces customer adoption barriers by eliminating upfront hardware costs, pilot hiring needs, maintenance concerns, and regulatory complexities. The model resembles successful service-based platforms like Uber, potentially enabling faster market penetration across diverse sectors including agriculture, construction, renewable energy, and logistics.
However, the announcement lacks critical financial context: no disclosure of investment requirements for this expansion, anticipated revenue contribution, or profitability timeline. The press release also omits details about ZenaTech's current European market presence or competitive positioning. While the addressed market opportunity appears substantial, the company's ability to capture meaningful share remains unquantified based on information provided.
ZenaTech enters Europe's booming agricultural drone market with a DaaS model addressing adoption barriers, but faces undisclosed competitive challenges.
The European agricultural drone market represents one of the fastest-growing drone segments globally, with the
ZenaTech's multi-function autonomous drones - specifically the ZenaDrone 1000 and IQ series - address diverse commercial applications beyond just agriculture. The company's focus on capabilities like crop monitoring, health assessment, nutrient optimization, land surveys, power line inspections, and inventory management demonstrates a comprehensive understanding of market needs.
The DaaS model ZenaTech is deploying represents an industry-wide shift from hardware sales to service-based revenue. This approach has proven effective in overcoming adoption barriers like high upfront costs, technical expertise requirements, and regulatory complexities. For agricultural customers particularly, seasonal usage patterns make subscription models financially attractive.
What remains unclear is ZenaTech's competitive positioning in a market with established European drone service providers and agricultural technology companies. The press release doesn't articulate specific technological advantages or existing customer relationships that would differentiate ZenaTech from competitors already operating in this space.
VANCOUVER, British Columbia, May 06, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces it will be expanding operations and opening a new, larger office and its European Headquarters in Dublin, Ireland. The new hub will facilitate the Company’s drone sales and DaaS drone services — including precision agriculture solutions — to a growing UK and European market. The Company anticipates the official grand opening during the summer of 2025.
Strategically located near Dublin Airport and accessible via all major motorways, the new office location will serve a growing customer base in Ireland and enable growth across Europe, catering to agriculture as well as construction, renewable energy — including wind and solar farms — golf courses, racecourses, and warehouse and logistics.
“Expanding our Dublin office and establishing a European HQ marks a new chapter in our strategy to scale our drones and DaaS offerings globally while servicing the fastest growing agricultural drone markets located in Europe. Our AI-powered drone solutions are designed to boost crop yields while reducing operational costs and provide smart, data-driven insights — empowering crop monitoring and health assessment, nutrient and resource optimization, and profitability,” said CEO Shaun Passley, Ph.D.
The European agricultural drone market was valued at approximately USD 4.6 billion in 2023 and is projected to reach USD 43.23 billion by 2032, growing at a compound annual growth rate (CAGR) of
ZenaTech’s DaaS business will incorporate the ZenaDrone 1000 and the IQ series of multifunction autonomous drones to provide a variety of solutions from land surveys and power line inspections, to power washing and bar code scanning inventory management, made accessible and cost effective through an Uber-like business model paid for on a regular subscription or pay-per-use basis. Customers can conveniently access drones for eliminating manual or time-consuming tasks and achieving superior results.
The DaaS business model offers customers such as government agencies, farmers, real estate developers, or construction companies reduced upfront costs and convenience — 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.
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
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.
FAQ
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