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VANCOUVER - ZenaTech, Inc. (NASDAQ:ZENA), a technology company with a market capitalization of approximately $99 million, announced Thursday it has developed its first quantum computing prototype designed to rapidly analyze and process large datasets captured by AI drones. The stock has shown significant volatility, gaining over 12% in the past week despite a challenging year that saw shares decline by nearly 56%.
The prototype creates a framework for real-time analysis of data collected through drone sensors, with the company’s Clear Sky weather forecasting project serving as the initial test case, according to a press release. InvestingPro analysts anticipate sales growth for ZenaTech in the current year, though the company is not expected to achieve profitability.
The quantum computing framework tracks and analyzes atmospheric parameters including temperature, humidity, wind, barometric pressure, and precipitation. ZenaTech reports that internal testing using historical open-source data has shown high accuracy when compared with trusted weather platforms.
"We’re building a quantum-intelligent edge where data becomes decisions in an instant, whether it’s a battlefield or a farm field," said Shaun Passley, ZenaTech CEO.
The company envisions commercial applications in precision agriculture and energy infrastructure inspections, while potential defense applications include real-time battlefield decision-making and threat detection.
ZenaTech plans to expand its research and development capabilities, with goals to increase its team from 6 to 25 employees in the coming months.
The Clear Sky project is one of ZenaTech’s quantum computing R&D initiatives focused on weather forecasting using AI drones and drone fleets to predict localized weather events.
ZenaTech, which trades on Nasdaq, Frankfurt Stock Exchange and Bolsa Mexicana de Valores, specializes in AI drones, Drone as a Service, enterprise SaaS, and quantum computing solutions. The company operates through seven global offices across North America, Europe, Taiwan, and UAE.
In other recent news, ZenaTech, Inc. announced it has signed an offer to acquire an unnamed California-based civil engineering and land surveying firm. This acquisition is part of ZenaTech’s strategy to expand its Drone as a Service (DaaS) business model into California’s agricultural market. Additionally, ZenaTech has submitted a Green UAS application for its IQ Nano drone, aiming to secure a spot on the pre-approved procurement list for U.S. Defense and government buyers. The company has also completed its sixth U.S. land survey acquisition with the purchase of Empire Land Surveying in Florida. Further expanding its reach, ZenaTech signed offers to acquire land surveying firms in North Carolina and Virginia, broadening its presence in these regions. These acquisitions align with the company’s plan to complete approximately 20 more acquisitions in the next 12 months. Recently, ZenaTech launched the ZenaDrone IQ Nano, a compact autonomous indoor drone designed for defense applications, highlighting its focus on AI-powered drone technology. The company plans to pursue Blue UAS certification for further access to sensitive government and military facilities.
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