Beamr video compression achieves up to 50% improvement for AVs
VANCOUVER - ZenaTech, Inc. (NASDAQ:ZENA), a $72.34 million market cap company specializing in artificial intelligence (AI) drones and quantum computing, has announced a strategic initiative targeting the enhancement of wildfire detection and response. The company’s stock has shown strong momentum, gaining over 16% in the past week according to InvestingPro data. This effort is part of the Clear Sky project, which focuses on mitigating the threat of costly weather events through advanced environmental monitoring.
Dr. Shaun Passley, CEO of ZenaTech, emphasized the company’s aim to employ cutting-edge drone technology as a frontline defense against wildfires, a significant natural threat in the US. While the company has achieved impressive revenue growth of 24.51% over the last twelve months, InvestingPro analysis indicates the company is quickly burning through cash as it pursues these ambitious initiatives. The integration of quantum computing with AI drone systems is expected to enable the processing of extensive atmospheric and terrain data, providing near real-time wildfire predictions and response strategies with superior speed and accuracy.
ZenaTech’s use of quantum computing is set to transform the analysis of complex datasets, a task that conventional methods struggle with due to their time-consuming nature. The company’s ZenaDrone 1000 and drone fleets, equipped with thermal sensors, multispectral imaging, and 360-degree LiDAR, can autonomously cover over 300 square miles to collect environmental data. This data is then processed using quantum computing platforms to create predictive models that simulate wildfire spread based on various environmental factors.
As part of this initiative, ZenaTech has acquired a Portland, Oregon-based land survey engineering firm, now serving as a Drone as a Service office, to survey large tracts of land for wildfire detection and management in the Northwest Pacific Coast area. Additionally, the company is collaborating with a Wyoming Native American partnership to test fire mitigation and autonomous monitoring on tribal lands.
The Clear Sky project is set to expand its initial team to 20 engineers dedicated to research and development in wildfire modeling, geospatial optimization, and AI-augmented forecasting. Quantum computing, a field that leverages the principles of quantum mechanics, is expected to significantly improve the analysis of vast and complex drone data, thereby enhancing weather predictions and the forecasting of extreme events.
This announcement comes in the wake of 58 separate billion-dollar weather disasters globally last year, with 27 occurring in the US, as reported by Gallagher Re’s Natural Catastrophe and Climate Report.
ZenaTech, with a portfolio that includes AI drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, operates across North America, Europe, Taiwan, and UAE. The company aims to drive operational efficiencies, accuracy, and cost savings across various sectors, including law enforcement, government, industrial, agriculture, defense, and logistics.
The information in this article is based on a press release statement from ZenaTech, Inc. With current revenue of $1.74 million and a current ratio of 1.34, the company maintains adequate liquidity for its operations. InvestingPro subscribers can access additional insights, including 8 more ProTips and detailed financial metrics to better evaluate ZenaTech’s growth potential and market position.
In other recent news, ZenaTech, Inc. reported a notable achievement by nearly doubling its revenue year-over-year for the first quarter of 2025, as disclosed in its SEC filing. This financial milestone is accompanied by the company’s strategic acquisition of Laventure & Associates, aimed at enhancing its Drone as a Service capabilities, particularly in powerline inspection. Additionally, ZenaTech’s subsidiary, ZenaDrone, received FAA Part 137 approval, enabling it to conduct agricultural drone operations, a significant step towards expanding its services in the global agricultural market. The company is also preparing for the Green UAS certification for its IQ Square drone, targeting sales to US defense agencies.
ZenaTech has opened a new office in Dubai, focusing on drone-powered cleaning services, and plans to recruit additional staff to support this expansion. The company continues to broaden its service offerings, including bathymetric surveys and drone cleaning services, tapping into growing markets. Furthermore, ZenaTech will present its drone technology at major conferences, highlighting its proprietary camera technology for defense applications. These developments reflect ZenaTech’s ongoing efforts to leverage its innovative drone solutions across various sectors and geographic regions.
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