ZenaTech gears up for Green UAS certification in Q3

VANCOUVER - ZenaTech, Inc. (NASDAQ:ZENA), a small-cap technology company with a market capitalization of $56.48 million specializing in AI drones and quantum computing, announced its intention to apply for the Green UAS certification for its IQ Square drone, targeting a Q3 2025 submission. According to InvestingPro data, the company has shown significant volatility, with the stock returning 12.5% over the past week despite being down over 70% year-to-date. The certification is critical for companies aiming to compete in the public and commercial drone sectors, particularly those selling to US defense agencies.

The IQ Square drone is engineered for tasks such as land surveying and infrastructure inspections, including bridges, and is designed to meet the stringent requirements of US Defense agencies. ZenaTech has completed necessary software and communications security controls and is finalizing other cybersecurity practices and standards compliance.

CEO Shaun Passley, Ph.D., emphasized the importance of the Green UAS certification as a stepping stone towards the Blue UAS certification, which would allow the company to sell directly to US defense branches. Drones like the IQ Square, with advanced imaging technologies, play a vital role in infrastructure inspection and national security, offering safer and more efficient surveillance options.

The IQ Square boasts a flight time of around 20 minutes and can carry a payload of up to 7 kilograms. Its design includes retractable landing gear and the ability to autonomously land on a charging station for battery recharging, enhancing its functionality.

ZenaTech has previously conducted two paid trials with the US Air Force and the US Navy Reserve, showcasing the use of its drone products for critical cargo transportation. While the company’s revenue stands at $1.37 million for the last twelve months with 7.43% growth, InvestingPro analysis reveals the company is not yet profitable, though it maintains a healthy current ratio of 2.17, indicating strong short-term liquidity. The company also announced that its supply chain would be NDAA compliant, with component parts and cameras manufactured by its Spider Vision Sensors company in Taiwan, and the assembly of drones for the US DoD to take place in Arizona. Get access to 8 more exclusive InvestingPro Tips and comprehensive financial metrics to make better investment decisions.

ZenaTech will be presenting its IQ Square and ZenaDrone 1000 drones at the annual Exponential Trade Show and Conference in May, hosted by the Association for Uncrewed Vehicle Systems International (AUVSI), which administers the Green UAS program.

The Green UAS certification validates aspects such as corporate cyber hygiene, product security, and supply chain risk management. It is a prerequisite for companies wishing to engage with government agencies and is seen as a pathway to the Blue UAS certification for direct sales to the Department of Defense and related agencies.

This announcement is based on a press release statement from ZenaTech, Inc.

In other recent news, ZenaTech, Inc. has reported its financial results for 2024, showcasing increases in both revenue and assets. The company’s CEO, Shaun Passley, Ph.D., shared these results in a letter to shareholders, emphasizing the company’s strong performance. Additionally, ZenaTech has completed the acquisition of Miller Land Surveying Corporation, a Florida-based firm, as part of its strategy to expand its Drone-as-a-Service (DaaS) business. This acquisition marks the company’s third in the Southeast region and fourth in the United States. In another strategic move, ZenaTech announced plans to expand its US-based subsidiary ZenaDrone’s manufacturing capabilities in Phoenix, Arizona. This expansion is expected to create over 150 new jobs by the end of 2026. Furthermore, ZenaTech has signed a Letter of Intent to acquire its eighth land survey engineering firm, aiming to enhance its presence in the Southwest region. The company is also preparing for the Green UAS certification, which is necessary for selling drones to government agencies. These developments reflect ZenaTech’s ongoing efforts to grow its business and innovate in the field of AI drones and related services.

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