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VANCOUVER - ZenaTech, Inc. (NASDAQ:ZENA), whose shares have surged over 30% this week and doubled in the past year according to InvestingPro data, announced Friday that its entire drone portfolio now qualifies for direct purchase by military field commanders following a new Department of Defense policy directive issued July 10.
The directive, "Unleashing U.S. Military Drone Dominance," classifies ZenaTech’s drones as Group 1-2 expendable assets that no longer require Green or Blue UAS certification. This policy change treats small drones as consumable items rather than durable assets, placing acquisition authority with frontline commanders instead of procurement offices. The timing appears favorable for ZenaTech, which has achieved 24.5% revenue growth in the last twelve months.
"By removing traditional UAS certification barriers for Group 1 and 2 drones, it empowers us to deliver our cutting-edge and affordable solutions directly to frontline operators," said ZenaTech CEO Shaun Passley in a press release statement.
The policy establishes several implementation timelines: by September 1, each service branch must build experimental formations for small UAS; by the end of fiscal year 2026, all squads should be equipped with low-cost, expendable drones; and by 2027, UAS should be fully integrated into major DoD training events.
ZenaTech’s defense drone offerings include the ZenaDrone 1000, a medium-sized vertical takeoff and landing drone capable of lifting approximately 40 kg; the IQ Square, engineered for land surveys and reconnaissance; and the IQ Nano, a compact indoor drone for GPS-denied environments.
The company also offers Drone as a Service (DaaS) tailored for defense and government agency use, which it says simplifies procurement and deployment for government customers.
ZenaTech specializes in AI drones, enterprise SaaS, and quantum computing solutions with operations across North America, Europe, Taiwan, and UAE. InvestingPro analysis indicates the company currently maintains a current ratio of 1.34, though its overall financial health score is rated as Weak. Get detailed insights and 12 additional ProTips about ZenaTech’s financial outlook with an InvestingPro subscription.
In other recent news, ZenaTech, Inc. has announced an expansion of its team for the Clear Sky initiative, which focuses on enhancing weather forecasting through AI drone swarms and quantum computing. The company plans to hire at least ten specialized engineers to expedite the development of this project. The Clear Sky initiative aims to improve the prediction of localized and extreme weather events, potentially mitigating economic losses and saving lives. In 2024, weather disasters resulted in approximately $417 billion in global damages, highlighting the need for better forecasting methods. ZenaTech’s approach involves AI drones that collect high-resolution, real-time atmospheric data and quantum computing to analyze this data more efficiently than traditional methods. This development underscores ZenaTech’s commitment to using advanced technology to tackle significant challenges in weather forecasting. The company has been expanding its drone capabilities since 2017 and is looking to grow its Drone as a Service (DaaS) business model and establish a global partner network.
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