Exhibit 99.1

 

 

ZenaTech’s ZenaDrone Finalizes its Third Generation Design and “Production Model” of the ZenaDrone 1000 for US Defense and Commercial Markets

 

Vancouver, British Columbia, (February 25, 2025) -- 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 that its subsidiary ZenaDrone has finalized its third generation design of the ZenaDrone 1000 multifunction drone that will be used as its “production model” for scaling up production.

 

It includes many upgrades from the second generation design, including a more powerful 100-volt propulsion system and a more aerodynamic carbon fiber body enabling longer flight times, faster speed, and heavier lift capabilities to maximize use for US defense and commercial market requirements. The patented design and advancements of this drone will form the basis of the company’s “production model” drone. ZenaDrone plans to commence the manufacturing and assembly of at least ten of these drones per month starting in Q1 2025 at its manufacturing facility in Sharjah, UAE.

 

“Locking in the ZenaDrone 1000 third generation design specifications is a milestone that solidifies our design following extensive testing and customer input.  We can now begin to scale up production with our fastest, largest, and most robust drone yet. For US defense applications, this translates to longer endurance, higher payload capacity, and a greater operational range than many competitive products. In commercial customer applications, this design also enables better reliability and performance, particularly for high-power tasks like aerial surveys and crop spraying,” said CEO Shaun Passley, Ph.D.

 

The global military drone market is estimated to be a US $14 billion industry in 2023, which includes the $5 billion US market, and it is expected to grow to $47 billion globally by 2032 according to Fortune Business Insights research.

 

Medium-sized drones used for military defense applications require speed, power, and heavy-lift capabilities to enhance their effectiveness in field and logistical support. Speed is critical for evading enemies, conducting rapid resupply missions, and providing real-time intelligence. Power ensures they can operate in harsh environments, including high winds and adverse weather. Heavy-lift capabilities are essential for transporting critical supplies like ammunition, medical equipment, and food to frontline troops or moving large payloads of equipment over challenging terrain, including rivers and canyons.

 

The ZenaDrone 1000 is a medium-sized autonomous drone, in a VTOL (Vertical Takeoff and Landing) quadcopter design with eight rotors. It is designed for stable flight, maneuverability, heavy lift capabilities currently up to forty kilos, incorporating innovative software technology, AI, interchangeable sensors, and purpose-built attachments, along with compact and rugged hardware engineered for industrial and defense use.

 

ZenaDrone previously completed paid trials with both the US Air Force and the US Navy using its drones for carrying critical cargo — such as blood — in the field. ZenaDrone plans to manufacture and assemble its US Department of Defense (DoD) destined drones in Phoenix, Arizona.

 

The company previously announced that its supply chain is fully NDAA (National Defense Authorization Act) compliant and that it plans to apply for Green UAS (Unmanned Aerial System) followed by Blue UAS certification and has begun preparing for this process. These are both approved supplier lists for drone companies that wish to sell to US DoD and a growing number of government and law enforcement departments that include strict cybersecurity and country of origin requirements including drone parts and components.

 

 

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 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@zenatech.com

 

Investors:

Michael Mason

CORE IR

investors@zenatech.com

 

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. 

---

Exhibit 99.2

 

 

ZenaTech’s ZenaDrone Advances IQ Square Drone to Manufacturing Stage for Outdoor Applications Including Inspections, Surveys, and the Fast-Growth Power Washing Sector

 

Vancouver, British Columbia, (February 27, 2025) -- 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 that its subsidiary ZenaDrone has moved its first batch of IQ Square multifunction drones from prototype to manufacturing stage. This drone was designed for outdoor applications for operator line-of-site inspections such as for building and construction inspections, short-range land surveys, power washing and other business and government applications. The IQ Square is also expected to be a key part of ZenaDrone’s multifunction drone inventory for its Drone as a Service or DaaS business, which enables business and government users to hire a turnkey drone service and drone pilot through a local store for easy subscription-based or pay-as-you-go access to drones for various uses.

 

“The IQ Square’s rapid progression from the prototype stage, initiated in 2022, to the manufacturing and assembly stage is a testament to our hardware and engineering team’s dedication and hard work. We see many commercial and government applications for the IQ Square, which we also envision will be central to powering our future DaaS operations as a versatile multifunction drone for multiple outdoor uses requiring line-of-site including fast growth uses like power washing,” said CEO Shaun Passley, Ph.D.

 

The IQ Square will be equipped with a power wash system for use in larger-scale cleaning jobs such as stadium seating, building exteriors, and public spaces; drones eliminate the need for scaffolding, lifts, or manual labor by providing a more efficient, safe, and cost-effective solution. Tethered to a ground-based water and a power source, it is designed to maintain a continuous supply of high-pressure water needed to clean large areas without the weight limitations of onboard tanks.

 

The mold and drone body frames of the first batch of IQ Square drones are currently being completed, after which they will be assembled, integrated, and tested at the company’s Sharjah, UAE production facility.  The Company will oversee the integration and quality inspection of electronics, battery and propulsion systems, software, and sensor installation and calibration, concluding with final flight testing.

 

According to QYResearch, the global market for drone cleaning services, including applications such as water hose-tethered power washing for stadium seats and public areas, is projected to reach approximately $53.89 billion by 2030, growing at a CAGR of 19.3%.

 

ZenaTech’s Drone as a Service or DaaS business model enables government agencies, building developers, entertainment facilities, farmers, environmental firms, etc. to conveniently access a turnkey drone solution via a local store on a pay-as-you-go or subscription basis rather than having to buy the entire drone hardware and software solution. Like Amazon Web Services, where Amazon owns computer equipment platforms and hires the personnel, with the DaaS model, ZenaDrone owns the drones, hires the pilots and ensures regulatory compliance to enable the cost savings, precision and efficiency of drones over existing legacy methods.

 

The ZenaDrone IQ Square is designed to be an advanced AI multifunction drone designed for commercial inspections, land surveys and other outdoor applications, and for the defense sector for various inspections and reconnaissance missions. Equipped with state-of-the-art cameras and sensors, the IQ Square offers a flight time of approximately 20 minutes when used with its autonomous recharging pad and can carry a payload of up to seven kilograms. With a footprint of 41X41 inches, the VTOL (Vertical Takeoff and Landing), drone features retractable landing gear for enhanced functionality and adaptability.

 

ZenaDrone previously announced that it had initiated preparation to apply for Green UAS certification for the IQ Square. This is an authorized supplier list of drone companies that have met strict cybersecurity and supply chain including country of origin requirements to sell to the US Department of Defense.

 

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 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@zenatech.com

 

Investors:

Michael Mason

CORE IR

investors@zenatech.com

 

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. 

---

Exhibit 99.3

 

 

ZenaTech’s ZenaDrone Benefits from New Chinese Tariffs

Also Helping its Commercial and Defense Customer Markets

 

Vancouver, British Columbia, (March 6, 2025) -- 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, today announces an update on its US-based ZenaDrone subsidiary’s Arizona and Taiwan manufacturing supply chain strategy in light of the current economic changes and tariffs announced by the current US Administration. ZenaDrone will continue to source and manufacture drone cameras, sensors and other related components at its Taiwan-based Spider Vision Sensors company to reduce its supply chain risk and ensure NDAA-compliant parts for its US Defense-destined drone products, which will be manufactured in Arizona. The company also benefits from recent announcements doubling tariffs on Chinese imports including drones and parts from 10% to 20% which will negatively impact many US drone companies and customers given the drone industry dominance of China.

 

“The current administration’s focus on strengthening US manufacturing and reducing reliance on Chinese drone imports is a game-changer for American companies like ours. With increased tariffs on Chinese drones and components, and new incentives for domestic production, we are well-positioned to expand our operations to manufacture in Arizona, also creating more high-quality American jobs. Since we’ve already initiated sourcing of our component parts from Taiwan instead of China, we can avoid supply chain disruptions while benefiting from potential US manufacturing tax breaks. We believe this makes our drones more competitive for both government and commercial markets,” said CEO Shaun Passley, Ph.D.

 

“This also puts us ahead of domestic competitors who may be facing challenges with supply chain instability and less access to cutting-edge technologies. By leveraging Taiwan's capabilities and our focus on security and compliance, we're poised to meet increasing defense demand while minimizing operational risks,” added Dr. Passley.

 

The Spider Vision Sensors Taiwan office opened in November 2024 to manufacture drone cameras, sensors, electronics, and components, including LiDAR (Light Detection and Ranging), thermal, infrared, and multi-spectral sensors, and circuit boards to incorporate into ZenaDrone’s finished products. Having in-house manufactured sensors and components will enable ZenaDrone to maintain a steady supply to fulfill customer drone order needs at its Sharjah, UAE manufacturing facilities as well as its future Arizona-based drone manufacturing facilities for US military-destined “Made in America” drones.

 

Taiwan was selected due to its size and skills as an electronics hub, and the availability of low-cost alternative components versus those from China. Spider Vision Sensors will ensure ZenaDrone’s products and supply chain are compliant with the US NDAA (National Defense Authorization Act) requirements necessary to do business with the US Military. This along with the Green UAS (Uncrewed Arial System) and the Blue UAS are important certifications ensuring cybersecurity and country of origin compliance for drone companies which the company has stated it plans to achieve.

 

 

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 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@zenatech.com

 

Investors:

Michael Mason

CORE IR

investors@zenatech.com

 

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. 

---

Exhibit 99.4

 

 

ZenaTech’s Taiwan Subsidiary Developing Partnerships in East Asia to Sell to the Fast Growing Defense and Commercial Drone Markets

 

Vancouver, British Columbia, (March 04, 2025) -- 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, today announces that its Taiwan subsidiary, Spider Vision Sensors, is in the process of expanding its East Asian partnerships to sell to customers in the rapidly growing government defense and commercial drone markets. The company is also expanding its partnerships with local component manufacturers to further US military compliance in manufacturing sensors, cameras and parts for its ZenaDrone 1000 and IQ series multifunction AI drones. ZenaTech has hired two business development managers with plans to add up to five engineers over the next month to join the Spider Vision Sensors office team.

 

“The East Asian drone market, particularly Taiwan, Japan and South Korea, is rapidly growing for military defense and commercial needs. Expanding our Asian customer sales footprint was always part of our plan. Non-Chinese Asian component partnerships are of strategic importance for the creation of our US Defense-compliant cameras, sensors and parts that will help bring our products to market faster,” said CEO Shaun Passley, Ph.D.

 

According to Fortune Business Insights, the Asia-Pacific military drone market for countries including Taiwan, Japan, and South Korea, is projected to be the fastest-growing region globally and expected to expand at a compound annual growth rate (CAGR) of 13.15% from 2024 to 2032. It is driven by increased defense spending and the rising need for intelligence, surveillance, reconnaissance, and security capabilities

 

Commercial drone services markets for countries including Japan and Malaysia are expanding rapidly and driven by applications in agriculture, infrastructure, security, and logistics and delivery. Japan's market, valued at $3 billion in 2024, is projected to reach almost $7 billion by 2030 at a 15.2% CAGR according to Grand View Research. Malaysia’s market is growing even faster, driven by regulatory support and industry adoption, and is expected to rise from almost $5 billion in 2025 to $13 billion by 2030 which represents a 21.42% CAGR according to Knowledge Sourcing Intelligence.

 

 

The Spider Vision Sensors Taiwan office opened in November 2024 to manufacture drone cameras, sensors, electronics, and components, including LiDAR (Light Detection and Ranging), thermal, infrared, and multi-spectral sensors, and circuit boards to incorporate into ZenaDrone’s finished product drones. Having in-house manufactured sensors and components will enable ZenaDrone to have a steady supply to fulfill customer drone order needs at its Sharjah, UAE manufacturing facilities and future Arizona-based drone manufacturing facilities for US military-destined “Made in America” drones.

 

Taiwan was selected due to its size and skills as an electronics hub, and the availability of low-cost alternative components versus those from China. Spider Vision Sensors will ensure ZenaDrone’s products and supply chain are compliant with the US National Defense Authorization Act (NDAA), an important requirement to do business with the US Military. This along with the Green UAS (Uncrewed Arial System) and the Blue UAS are important certifications ensuring cybersecurity and country of origin compliance, which the company has stated it plans to achieve.

 

ZenaDrone previously completed paid trials with both the US Air Force and US Navy using its drones for carrying critical cargo — such as blood — in the field.

 

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 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@zenatech.com

 

Investors:

Michael Mason

CORE IR

investors@zenatech.com

 

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. 

---

Exhibit 99.5

 

 

ZenaTech Signs LOI to Acquire Sixth Land Survey Company in Arizona and First in the Southwest Region for Drone as a Service

 

Vancouver, British Columbia, (March 11, 2025) -- 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 a sixth land survey engineering company located in Arizona. Upon completion, this will be the first acquisition in the Southwest Region and will serve as a launchpad to further regional development and the Company’s national DaaS business model bringing the speed and precision of AI drone solutions in a convenient subscription or pay-per-use model for businesses and government users.

 

“Arizona is a strategic location for our first potential Southwest region acquisition as we currently have business offices and a testing site in Phoenix. We can continue to benefit from the state’s favorable regulatory and manufacturing climate for drone companies. Our vision is to use a single location as a regional launchpad for adding future locations, and ultimately building our national presence offering ZenaDrone products and services for land surveys and many other applications,” said CEO Shaun Passley, Ph.D.

 

Drones as a Service or DaaS works similarly to Software as a Service (SaaS), but instead of providing software over the internet, it 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 and law enforcement, or precision agriculture solutions or without having to buy, operate or maintain the drones themselves.

 

ZenaTech’s DaaS model offers customers like government agencies, builders and real estate developers, construction firms, farmers or energy companies reduced upfront costs as there is no need to purchase expensive drones, and convenience as the service provider manages maintenance and operation. DaaS also offers scalability to companies to use more often or less often based on needs and enables access to advanced drone technology and applications without the need for specialized training or equipment.

 

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.

 

According to Fact.MR, the global drone surveying market is poised for substantial growth and is expected to be worth over USD $8 billion globally by 2030. This market is expanding at a CAGR of 15-20%, driven by increasing demand from industries such as construction, agriculture, and infrastructure development. Within the drone surveying market, land surveys represent a large portion, with significant adoption in real estate, urban planning, environmental applications and infrastructure projects.

 

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 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@zenatech.com

 

Investors:

Michael Mason

CORE IR

investors@zenatech.com

 

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. 

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