Potential acquisitions expand global footprint of one of the world's leading Drone as a Service businesses in a drone services market growing at over 25% per year
VANCOUVER, British Columbia, July 14, 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 it has signed new offers to acquire multiple land survey and geospatial services companies located in the US, Canada and Australia. Subject to the closing of these acquisitions, the Company expects them to collectively contribute approximately C$40 million in revenue over the 12 months following closing. This estimate is based on unaudited financial information provided by the target companies and by management estimates and has not been verified by auditors.
"These signed offers for acquisition mark a transformational milestone in building one of the world's leading Drone as a Service businesses," said Shaun Passley, Ph.D., ZenaTech CEO. "Beyond the expected addition of C$40 million in revenue over the first 12 months following closing, these potential acquisitions significantly expand our customer relationships, geographic reach, and geospatial expertise across three key markets. They create a scalable platform for integrating our AI-powered drone autonomy solutions into established operations, with the goal of accelerating recurring revenue opportunities while strengthening our competitive position. Building on our 640% year-over-year first quarter revenue growth, we believe this strategy positions ZenaTech for sustained long-term growth as enterprises and governments increasingly adopt drone-enabled services worldwide."
These prospective transactions advance ZenaTech's strategy of acquiring established legacy, and low-tech businesses, including land surveying, infrastructure and renewable energy inspections, and power washing companies in the U.S. and globally, and converting their traditional or manual operations to a Drone as a Service business model. The Drone as a Service (DaaS) model is similar to Software as a Service (SaaS), however instead of delivering software through a subscription, it delivers turnkey drone-powered services and data on a recurring subscription or usage basis. Customers gain access to advanced surveying, inspection, monitoring, precision agriculture and other drone-enabled capabilities without the upfront capital investment, specialized personnel, equipment maintenance, or regulatory complexity of operating their own drone fleet.