Business

ZenaTech Signs Seventh LOI to Acquire a Land Survey Company in Southeast Region Contributing to Drone as a Service Strategy

VANCOUVER, British Columbia, March 20, 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 a seventh land survey engineering company located in Florida, marking the fourth LOI in the Southeast region. The company has closed one acquisition in th

articleZenatech, Inc.March 20, 20256/company/zenatech-inc/news/zenatech-signs-seventh-loi-acquire-123000534
ZenaTech Signs Seventh LOI to Acquire a Land Survey Company in Southeast Region Contributing to Drone as a Service Strategy

About this update from Zenatech, Inc.

[{"type":"image","alt":"ZenaTech Inc.","displaySize":"","headline":null,"caption":"ZenaTech Inc.","className":"","disableSlideshowImg":false,"size":{"original":{"width":300,"height":110,"url":"https://media.zenfs.com/en/globenewswire.com/bcbbf0bb54293309f90f8db2e2701e95"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/o8.6d0LmFH9POKz.HybMvA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE1NDtjZj13ZWJw/https://media.zenfs.com/en/globenewswire.com/bcbbf0bb54293309f90f8db2e2701e95","width":300,"height":110}},"lazy":false},{"type":"text","content":"VANCOUVER, British Columbia, March 20, 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 a seventh land survey engineering company located in Florida, marking the fourth LOI in the Southeast region. The company has closed one acquisition in this region to date so upon completion, this would be the second closed acquisition in the Southeast Region. Having two locations in this region will serve as a launchpad to further regional development and ZenaTech’s national DaaS business model bringing the speed and precision of AI drone solutions in a convenient subscription or pay-per-use business model to commercial and government customers.","length":908,"tagName":"p"},{"type":"text","content":"“Florida is strategic to our Drone as a Service strategy as it offers year-round flying conditions, a favorable innovation environment including consistent state-wide regulations, and existing government drone use for public safety, disaster response, and transportation monitoring. With growing commercial sector interest in agriculture, real estate, construction, and industrial inspection applications, we see multiple growth paths to help customers use drones to drive extraordinary efficiencies,” said CEO Shaun Passley, Ph.D.","length":531,"tagName":"p"},{"type":"text","content":"ZenaTech’s Drones as a Service or DaaS model is similar to Software as a Service (SaaS), but instead of providing software solutions over the Internet, the company will offer ZenaDrone solutions and services on a subscription or pay-per-use basis. Customers can conveniently access drones for manual o...

More updates from Zenatech, Inc.

Quantum ComputingZenaTech, Inc.business modelZenaTechSaaSland surveyDrone as a Service