{"id":830493,"date":"2025-03-27T08:09:31","date_gmt":"2025-03-27T12:09:31","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/zenatech-signs-loi-to-acquire-eighth-land-survey-company-advancing-drone-as-a-service-in-a-2-5-billion-us-drone-survey-market-by-2033\/"},"modified":"2025-03-27T08:09:31","modified_gmt":"2025-03-27T12:09:31","slug":"zenatech-signs-loi-to-acquire-eighth-land-survey-company-advancing-drone-as-a-service-in-a-2-5-billion-us-drone-survey-market-by-2033","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/zenatech-signs-loi-to-acquire-eighth-land-survey-company-advancing-drone-as-a-service-in-a-2-5-billion-us-drone-survey-market-by-2033\/","title":{"rendered":"ZenaTech Signs LOI to Acquire Eighth Land Survey Company Advancing Drone as a Service in a $2.5 Billion US Drone Survey Market by 2033"},"content":{"rendered":"
\n

VANCOUVER, British Columbia, March 27, 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 and Quantum Computing solutions, announces that it has signed an LOI (Letter of Intent) to acquire an eighth land survey engineering company which marks the second LOI located in Arizona. Upon completion, these locations will serve as a launchpad to further Southwest regional development and contribute to the Company\u2019s national DaaS business model intended to bring the speed and precision of ZenaDrone\u2019s AI drone solutions in a convenient subscription or pay-per-use model for businesses and government users.<\/p>\n

\u201cArizona is strategic to our US operations as the base of our subsidiary ZenaDrone where our second drone manufacturing facility will be. Our vision with Drone as a Service is to capture part of the drone survey market that is growing by double-digits and is expected to reach USD $2.5 billion by 2033. We plan to build our national presence offering ZenaDrone products and services for land surveys and many other applications,\u201d said CEO Shaun Passley, Ph.D.<\/p>\n

According to Fact.MR<\/u><\/a>, the global drone surveying market is poised for substantial growth and is expected to be worth over USD $8 billion globally by 2033 of which North America is expected to represent 35%. This market is expanding at a CAGR of over 19%, driven by increasing demand from industries such as construction, agriculture, and infrastructure development. Within the drone surveying market, land surveys represent 53%, with significant adoption in real estate, urban planning, environmental applications and infrastructure projects.<\/p>\n

Drones as a Service or DaaS works similarly to Software as a Service (SaaS), but instead of providing software over the internet, this business model offers drone technology solutions and services on a subscription or pay-per-use basis. With DaaS, businesses and government customers can conveniently access drones for tasks such as surveying, inspections, security, law enforcement, or precision agriculture solutions without having to buy, operate or maintain the drones themselves.<\/p>\n

ZenaTech\u2019s DaaS model offers customers including government agencies, builders and real estate developers, construction firms and farmers reduced upfront costs as there is no need to purchase expensive drones, and convenience as the company manages maintenance and operation. DaaS also offers scalability to companies to use more often or less often based on their needs and enables access to advanced drone technology and applications without the need for specialized training or equipment.<\/p>\n

Accurate land surveys are essential for the planning, design, and execution of roads, bridges, and building projects for cities, commercial, and residential projects, and are required for legal purposes. Remotely piloted drones with an array of sensors and cameras, LiDAR (Light Detection and Ranging), and GPS systems for capturing high-resolution pictures and data are revolutionizing the land survey industry gathering aerial data across expansive terrains in a matter of hours instead of weeks or months using more traditional photogrammetry methods.<\/p>\n

\n About ZenaTech <\/strong>\n <\/p>\n

\n
\n ZenaTech<\/u>
\n <\/a> (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\u2019s 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 partner network.<\/p>\n

\n About ZenaDrone<\/strong>\n <\/p>\n

\n
\n ZenaDrone<\/u>
\n <\/a>, 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<\/u><\/a> drone is used for crop management applications in agriculture and critical field cargo applications in the defense sector, the IQ Nano<\/u><\/a> indoor drone is used for inventory management in the warehouse and logistics sectors, and the IQ Square<\/u><\/a> is an outdoor drone designed for land survey and inspections use in commercial and defense sectors.<\/p>\n

\n Contacts for more information:<\/strong>\n <\/p>\n

\n Company, Investors and Media:<\/strong>
\n
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com<\/u><\/a><\/p>\n

\n Investors:<\/strong>
\n
Michael Mason
CORE IR
investors@zenatech.com<\/u><\/a><\/p>\n

\n Safe Harbor<\/strong>\n <\/p>\n

This press release and related comments by management of ZenaTech, Inc. include \u201cforward-looking statements\u201d 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\u2019s expectations and projections regarding ZenaTech\u2019s growth, results of operations, performance, and business prospects and opportunities. Such forward-looking statements reflect management\u2019s current beliefs and are based on information currently available to management. In some cases, forward-looking information can be identified by terminology such as \u201cmay\u201d, \u201cwill\u201d, \u201cshould\u201d, \u201cexpect\u201d, \u201cplan\u201d, \u201canticipate\u201d, \u201caim\u201d, \u201cseek\u201d, \u201cis\/are likely to\u201d, \u201cbelieve\u201d, \u201cestimate\u201d, \u201cpredict\u201d, \u201cpotential\u201d, \u201ccontinue\u201d 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\u2019s expectations regarding its revenue, expenses, production, operations, costs, cash flows, and future growth; expectations with respect to future production costs and capacity;\u00a0ZenaTech’s ability to deliver products to the market as currently contemplated, including its drone products including ZenaDrone 1000 and IQ Nano;\u00a0ZenaTech\u2019s anticipated cash needs and it\u2019s needs for additional financing;\u00a0ZenaTech\u2019s intention to grow the business and its operations and execution risk;\u00a0expectations with respect to future operations and costs;\u00a0the volatility of stock prices and market conditions in the industries in which ZenaTech operates;\u00a0political, economic, environmental, tax, security, and other risks associated with operating in emerging markets;\u00a0regulatory risks;\u00a0unfavorable publicity or consumer perception;\u00a0difficulty in forecasting industry trends;\u00a0the ability to hire key personnel;\u00a0the competitive conditions of the industry and the competitive and business strategies of ZenaTech; ZenaTech\u2019s expected business objectives for the next twelve months;\u00a0ZenaTech\u2019s ability to obtain additional funds through the sale of equity or debt commitments;\u00a0investment capital and market share; the ability to complete any contemplated acquisitions;\u00a0changes in the target markets;\u00a0market uncertainty;\u00a0ability to access additional capital, including through the listing of its securities in various jurisdictions;\u00a0management of growth (plans and timing for expansion);\u00a0patent infringement;\u00a0litigation;\u00a0applicable laws, regulations, and any amendments affecting the business of ZenaTech.\u00a0<\/p>\n

\"\"
\n
\n \"\"\n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

VANCOUVER, British Columbia, March 27, 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 and Quantum Computing solutions, announces that it has signed an LOI (Letter of Intent) to acquire an eighth land survey engineering company which marks the second LOI located in Arizona. Upon completion, these locations will serve as a launchpad to further Southwest regional development and contribute to the Company\u2019s national DaaS business model intended to bring the speed and precision of ZenaDrone\u2019s AI drone solutions in a convenient subscription or pay-per-use model for businesses and government users. \u201cArizona is strategic to our US operations as the … <\/p>\n

Continue reading “ZenaTech Signs LOI to Acquire Eighth Land Survey Company Advancing Drone as a Service in a $2.5 Billion US Drone Survey Market by 2033”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-830493","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nZenaTech Signs LOI to Acquire Eighth Land Survey Company Advancing Drone as a Service in a $2.5 Billion US Drone Survey Market by 2033 - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/zenatech-signs-loi-to-acquire-eighth-land-survey-company-advancing-drone-as-a-service-in-a-2-5-billion-us-drone-survey-market-by-2033\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ZenaTech Signs LOI to Acquire Eighth Land Survey Company Advancing Drone as a Service in a $2.5 Billion US Drone Survey Market by 2033 - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"VANCOUVER, British Columbia, March 27, 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 and Quantum Computing solutions, announces that it has signed an LOI (Letter of Intent) to acquire an eighth land survey engineering company which marks the second LOI located in Arizona. 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(Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech”), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces that it has signed an LOI (Letter of Intent) to acquire an eighth land survey engineering company which marks the second LOI located in Arizona. Upon completion, these locations will serve as a launchpad to further Southwest regional development and contribute to the Company\u2019s national DaaS business model intended to bring the speed and precision of ZenaDrone\u2019s AI drone solutions in a convenient subscription or pay-per-use model for businesses and government users. \u201cArizona is strategic to our US operations as the … Continue reading \"ZenaTech Signs LOI to Acquire Eighth Land Survey Company Advancing Drone as a Service in a $2.5 Billion US Drone Survey Market by 2033\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/zenatech-signs-loi-to-acquire-eighth-land-survey-company-advancing-drone-as-a-service-in-a-2-5-billion-us-drone-survey-market-by-2033\/","og_site_name":"Market Newsdesk","article_published_time":"2025-03-27T12:09:31+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxMTgzOCM2ODM2OTk1IzIyODYwNDc=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"6 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zenatech-signs-loi-to-acquire-eighth-land-survey-company-advancing-drone-as-a-service-in-a-2-5-billion-us-drone-survey-market-by-2033\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zenatech-signs-loi-to-acquire-eighth-land-survey-company-advancing-drone-as-a-service-in-a-2-5-billion-us-drone-survey-market-by-2033\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"ZenaTech Signs LOI to Acquire Eighth Land Survey Company Advancing Drone as a Service in a $2.5 Billion US Drone Survey Market by 2033","datePublished":"2025-03-27T12:09:31+00:00","mainEntityOfPage":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zenatech-signs-loi-to-acquire-eighth-land-survey-company-advancing-drone-as-a-service-in-a-2-5-billion-us-drone-survey-market-by-2033\/"},"wordCount":1146,"image":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zenatech-signs-loi-to-acquire-eighth-land-survey-company-advancing-drone-as-a-service-in-a-2-5-billion-us-drone-survey-market-by-2033\/#primaryimage"},"thumbnailUrl":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQxMTgzOCM2ODM2OTk1IzIyODYwNDc=","inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/zenatech-signs-loi-to-acquire-eighth-land-survey-company-advancing-drone-as-a-service-in-a-2-5-billion-us-drone-survey-market-by-2033\/","url":"https:\/\/www.marketnewsdesk.com\/index.php\/zenatech-signs-loi-to-acquire-eighth-land-survey-company-advancing-drone-as-a-service-in-a-2-5-billion-us-drone-survey-market-by-2033\/","name":"ZenaTech Signs LOI to Acquire Eighth Land Survey Company Advancing Drone as a Service in a $2.5 Billion US Drone Survey Market by 2033 - 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