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VANCOUVER - ZenaTech, Inc. (NASDAQ:ZENA), a $129 million market cap technology company, announced Tuesday the launch of its ZenaDrone IQ Nano, a compact autonomous indoor drone designed for U.S. Department of Defense agencies and government use. According to InvestingPro data, the company has shown strong revenue growth of 24.5% in the last twelve months, despite remaining unprofitable.
The new drone is engineered to operate in GPS-denied, confined, or high-risk environments, with applications including inventory management, facility security, and search and rescue operations, according to a company press release. This product launch comes as ZenaTech’s stock shows significant price volatility, with InvestingPro reporting a 31.6% decline over the past six months, though recent months have shown stronger returns.
ZenaTech plans to apply for Green UAS certification, followed by Blue UAS certification, which would officially recognize it as a secure drone supplier to U.S. military customers. These certifications align with recent U.S. Executive Order policy directives aimed at expediting DoD adoption of secure U.S.-made drones.
The IQ Nano features HD and thermal imaging capabilities with AI-powered anomaly detection for indoor surveillance. Its design includes obstacle avoidance systems and carbon-fiber construction for operation in confined spaces.
Additional functionalities include facility mapping, digital twin creation, and support for combat training simulations. The drone can operate individually or as part of a coordinated fleet.
"As defense agencies navigate an increasingly complex security and logistics landscape, autonomous AI technologies like the IQ Nano indoor drone are critical to maintain a tactical edge," said Shaun Passley, CEO of ZenaTech, in the statement. InvestingPro analysis indicates the company currently operates with a moderate debt level and maintains a current ratio of 1.34, suggesting adequate liquidity to fund its operations. Subscribers can access 8 additional ProTips and comprehensive financial metrics to better evaluate ZenaTech’s investment potential.
The Green UAS certification is a commercial certification for secure drones led by the AUVSI drone industry association, while the Blue UAS is a military-grade approval managed by the DoD with stricter security requirements, including prohibitions on Chinese suppliers.
ZenaTech, which trades on Nasdaq, Frankfurt Stock Exchange, and Bolsa Mexicana de Valores, specializes in AI drone technology, Drone as a Service, enterprise SaaS, and quantum computing solutions. Based on current metrics and the latest Fair Value analysis from InvestingPro, the stock appears to be trading above its estimated Fair Value.
In other recent news, ZenaTech, Inc. announced significant advancements in its drone technology and strategic initiatives following a White House executive order. The company is accelerating the development of its Counter-Unmanned Aircraft System technology for the ZenaDrone 1000 platform, responding to a directive aimed at enhancing U.S. airspace sovereignty. This move includes plans to file a patent for the counter-drone technology and expand its engineering and defense teams. Concurrently, ZenaTech is ramping up production of its ZenaDrone 1000 and IQ series drones, leveraging the executive order to meet increased demand by expanding production capabilities in Arizona. The company is also launching a Drone as a Service for U.S. Defense and Government agencies, supported by strategic partnerships with Bromelkamp Government Relations and Winning Strategies Washington. Additionally, ZenaTech is integrating quantum computing with AI drones to enhance wildfire detection and response as part of the Clear Sky project. The company has acquired a land survey engineering firm to assist with this initiative and is collaborating with a Wyoming Native American partnership for fire mitigation testing. These developments reflect ZenaTech’s strategic direction in expanding its technological capabilities and market reach.
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