Stock market today: S&P 500 climbs as health care, tech gain; Nvidia earnings loom
VANCOUVER - ZenaTech, Inc. (NASDAQ:ZENA), a $170.53 million market cap technology company, announced Tuesday the formation of a new Quantum Computing Division focused on developing solutions for defense and autonomous drone systems. According to InvestingPro data, the company has shown impressive revenue growth of 126.52% in the last twelve months, despite currently trading below its Fair Value.
The division will concentrate on quantum-resistant communications, post-quantum cybersecurity, and quantum sensing for drone navigation in GPS-denied environments, addressing priorities identified by the U.S. Department of Defense and other federal agencies. With a strong liquidity position reflected in its current ratio of 6.78, ZenaTech appears well-positioned to fund this expansion.
"We believe quantum computing will be a defining force in the next era of defense and aerospace innovation," said Shaun Passley, ZenaTech CEO, in a press release.
The current 12-person quantum team is expected to expand to 20 by year-end, comprising AI experts, quantum hardware researchers, computational scientists, and professionals in physics and engineering.
The division will advance two existing quantum R&D projects: Sky Traffic, which aims to optimize traffic flows and support public safety for government applications, and Clear Sky, which focuses on improving localized weather forecasts using AI drone swarms and quantum computing.
ZenaTech’s primary drone platform, the ZenaDrone 1000, is a medium-sized vertical takeoff and landing drone capable of carrying up to 40 kg. The company has previously completed paid trials with the U.S. Air Force and Navy Reserve.
Quantum computing harnesses quantum mechanics to solve complex problems beyond the capabilities of classical computers, potentially processing data at significantly faster speeds. This technology could enhance drone operations by analyzing complex data more quickly and accurately.
ZenaTech, which trades on Nasdaq, Frankfurt Stock Exchange, and Bolsa Mexicana de Valores, specializes in AI drones, Drone as a Service, enterprise SaaS, and now quantum computing solutions. Investors anticipating the company’s next earnings report on September 3, 2025, can access additional insights and 11 more exclusive ProTips through InvestingPro’s comprehensive analysis platform.
In other recent news, ZenaTech, Inc. has completed the acquisition of Cardinal Civil Resources, marking its eighth and largest Drone as a Service acquisition. This expansion broadens ZenaTech’s operations across Virginia, North Carolina, and South Carolina, adding significant clients such as the US Department of Transportation to its portfolio. Additionally, ZenaTech has announced the establishment of Zena AI, a new development center focusing on creating AI software solutions for the US Department of Defense and Homeland Security. The center aims to enhance autonomous drone systems and expand its team of AI specialists.
ZenaTech’s subsidiary, ZenaDrone, has also formed a strategic partnership with Eagle Point Funding to pursue US defense contracts. This collaboration will leverage Eagle Point’s expertise in research and development grant programs to help ZenaDrone identify and prepare competitive proposals. Furthermore, ZenaDrone has submitted its IQ Square drone for Green UAS certification, a step toward inclusion on pre-approved procurement lists for US Department of Defense buyers. These recent developments highlight ZenaTech’s ongoing efforts to expand its presence in the defense and government sectors.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.