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VANCOUVER - ZenaTech, Inc. (NASDAQ:ZENA), a leader in AI-driven drone technology with a market capitalization of $116 million, is fast-tracking the manufacturing and deployment of its ZenaDrone 1000 and IQ series drones in response to the White House’s recent executive order aimed at bolstering the American drone industry. According to InvestingPro data, the company has shown promising revenue growth of 24.5% over the last twelve months, though currently trades above its Fair Value. The directive, issued on June 6, aims to accelerate FAA approvals and expand operations for Beyond Visual Line of Sight (BVLOS) and electric Vertical Take-off and Landing (eVTOL) drones.
The executive order is set to unlock significant opportunities for U.S. drone manufacturers by streamlining the regulatory process and prioritizing domestic drones for government procurement. ZenaTech is poised to expand its production capabilities in Arizona, leveraging the executive order to meet the expected increase in demand for its dual-use defense and commercial drones. The market has responded positively to these developments, with ZenaTech’s stock surging over 50% in the past week. InvestingPro subscribers can access 8 additional key insights about ZENA’s market position and growth potential.
ZenaTech’s CEO, Shaun Passley, Ph.D., underscored the strategic importance of the executive order, stating that it clears a path to market for the company’s advanced drone solutions by cutting red tape. The directive’s mandates include fast-tracked FAA approvals for BVLOS and eVTOL operations, federal prioritization of NDAA-compliant, U.S.-made drones, and supply chain protections that restrict foreign drone components.
While operating with a current ratio of 1.34, indicating adequate short-term liquidity, the company’s ZenaDrone 1000, designed for a variety of missions, boasts a foldable-wing design, 40 kg payload capacity, and a 1-hour flight time. Its onboard AI and sensors facilitate intelligence, surveillance, and reconnaissance (ISR) tasks with minimal operator input. InvestingPro analysis reveals the company’s overall financial health score is currently rated as WEAK, suggesting potential challenges in scaling production. The ZenaDrone IQ Nano and IQ Square cater to ISR, indoor security, and tactical inspections, with the Nano excelling in GPS-denied environments.
ZenaTech’s drones are positioned to enhance situational awareness and operational reach for defense forces, as well as offer commercial applications in infrastructure inspection and search and rescue operations. The company is also preparing for Green UAS certification, a precursor to the coveted Blue UAS certification, which denotes cybersecurity and supply chain integrity.
The expansion of ZenaTech’s drone production is a direct result of the government’s push to secure American leadership in the drone sector, with the executive order fostering an environment conducive to innovation and growth. With revenue of $1.74 million in the last twelve months and ambitious expansion plans, investors seeking deeper insights into ZenaTech’s growth trajectory can access comprehensive financial analysis and valuation metrics through InvestingPro. This development is based on a press release statement from ZenaTech, Inc.
In other recent news, ZenaTech, Inc. announced a significant revenue increase for the first quarter of 2025, nearly doubling its revenue year-over-year. The company’s ZenaDrone subsidiary received FAA Part 137 approval, which allows for agricultural drone operations, positioning it to capitalize on a growing market. Additionally, ZenaTech has launched a new Drone as a Service (DaaS) offering aimed at U.S. Defense and Government agencies, marking a strategic expansion into the defense sector. The company is working with Bromelkamp Government Relations and Winning Strategies Washington to enhance its sales efforts in this area.
ZenaTech also acquired Laventure & Associates, Inc., a firm that strengthens its capabilities in powerline inspection services, an industry projected to grow significantly. Furthermore, the company is advancing its AI and quantum computing projects for military applications, showcasing its technology at several investor conferences. The Clear Sky project, another initiative by ZenaTech, integrates AI and quantum computing for wildfire detection and response, demonstrating the company’s commitment to addressing environmental challenges. These developments reflect ZenaTech’s strategic efforts to expand its market presence and technological capabilities across various sectors.
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