ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a business technology solution provider specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, today announces that it has signed an offer to acquire a well-established land surveying and mapping firm located in the state of Washington with a history of customers and past project success spanning across both Washington and Idaho.
“When closed, we anticipate this acquisition will give us another location in our rapidly expanding US Drone as a Service business, establishing a strong foothold in the Northwest and unlocking significant opportunity particularly in drone-based land and marine surveys,” said Shaun Passley, Ph.D., ZenaTech CEO. “This will also help strengthen our vision to deploy AI-powered drones across multiple traditional services including surveying, power washing, inspections, and precision agriculture, delivering incremental speed, precision, safety and efficiency.”
According to a report by Verified Market Reports, the US land surveying services market was valued at approximately USD 8.5 billion in 2024 and is projected to reach 12.3 billion by 2033, reflecting strong and sustained demand for accurate, technology-enabled survey solutions. This proposed acquisition represents another step in ZenaTech’s DaaS expansion plan embedding AI-powered drone technology into critical survey workflows and data management, creating new opportunities for scalable recurring revenue.
ZenaTech has now completed nine acquisitions toward its goal of acquiring and establishing 25 Drone-as-a-Service locations by mid-next year. The company’s DaaS model provides flexible, on-demand subscription or pay-per-use access to drone services for surveying, inspections, automation, and more, eliminating the need for business and government customers to have to invest in drone hardware and software, pilots, maintenance, or regulatory compliance. The company is acquiring land surveying and other businesses ripe for drone innovation, to advance its national vision for a scalable, tech-enabled multiservice drone business anchored by existing customers and recurring revenue.
About ZenaTech
ZenaTech (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology solutions company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing for mission-critical business and government 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, business and industrial sectors, and drones being implemented in these plus agriculture, defense, land survey and logistics sectors, ZenaTech’s portfolio of solutions helps drive exceptional operational efficiencies, precision, and cost savings. 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, develops and manufactures drone solutions for business and government, 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 AI drone solutions for industrial surveillance, monitoring, inspection, 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 outdoor drone designed for land surveys and inspections use in commercial and defense sectors.
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