ZenaTech Closes 25th Acquisition with Alberta, Canada-based Velocity Geomatics Inc. Expanding Drone as a Service into Environmental and Regulatory Services in the Oil and Gas Sector

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Drone as a Service enters into a global oil and gas drone inspection services market growing at 28% per year as Company achieves stated interim goal from January 2025 VANCOUVER, British Columbia, July 16, 2026 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces that it has completed the acquisition of Grand Prairie Alberta-based Velocity Geomatics Inc. doing business as Velocity Group, with operations and offices across Alberta, British Colombia and Saskatchewan. The acquisition marks ZenaTech's first acquisition in drone-based geomatics for environmental and regulatory compliance and services in the oil and gas industry, establishing a Drone as a Service presence in a sector growing at over 28% annually. It also marks its 25th acquisition since its January 2025 statement citing it would achieve that number by mid-2026. "This acquisition expands our Drone as a Service business into Canada's oil and gas sector focused on environmental and regulatory assessments for oil extraction and pipelines, in one of the most significant energy markets in North America. Importantly, it also demonstrates the achievement of one of our stated goals since our public offering in 2024, which was 25 acquisitions to support our Drone as a Service business. We have maintained an assertive acquisition strategy and anticipate setting new benchmarks in the near term," said Shaun Passley, Ph.D., CEO of ZenaTech. "Velocity Group brings an established customer base, strong regional expertise, and extensive experience supporting drone-based surveying and geomatics projects including for some large and multinational oil and gas producers. We believe there is a significant opportunity to further enhance these services through AI-powered drone technology for surveying, mapping, inspections, and infrastructure monitoring applications, enabling us to establish a core expertise that we can bring to this fast-growing global industry." Velocity Group provides geospatial land surveying, geomatics, mapping, and environmental and regulatory compliance services for Western Canadian oil and gas producers. Operating from three regional offices and a head office in Grande Prairie, Alberta, the company supports projects throughout Alberta as well as British Colombia and Saskatchewan. Its services include surveying, mapping, and pre-site assessment support for commercial infrastructure and energy development projects. The company supports a portfolio of commercial clients in the oil and gas sector, including leading energy operators and established natural gas producers active across upstream and infrastructure development projects in Western Canada.

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