ZenaTech reports progress in quantum computing for drone traffic

VANCOUVER - ZenaTech, Inc. (NASDAQ:ZENA), a technology company specializing in AI drones and Quantum (NASDAQ:QMCO) Computing solutions, has announced successful initial testing results for its Quantum Computing Sky Traffic project. The company, currently valued at $91.21 million, has seen its stock trade at $4.99, significantly above its 52-week low of $1.41. The company’s AI algorithms and quantum computing were used to predict weather with a high level of accuracy against 2016 data. According to InvestingPro analysis, ZenaTech currently trades at a premium to its Fair Value, reflecting market optimism about its technological developments.

Following these positive outcomes, ZenaTech is expanding its internal team, planning to hire additional quantum, AI, and hardware engineers, as well as optimization specialists over the next two months. The recruitment drive will target staff from physics facilities at international universities, including researchers, instructors, and Ph.D. candidates. Despite posting revenue growth of 9.19% in the last twelve months, the company faces profitability challenges with negative EBITDA of $0.22 million.

The Sky Traffic project, launched in November 2024, aims to utilize AI drones and quantum computing to develop advanced applications for traffic management, weather forecasting, wildfire management, and defense. These applications are expected to benefit from the enhanced accuracy and speed of weather forecasting, leveraging AI and quantum computing to process large data sets.

CEO Shaun Passley, Ph.D., emphasized the importance of assembling a multidisciplinary team to revolutionize autonomous drones, stating that the combination of quantum algorithms and advanced machine learning will optimize navigation, decision-making, and real-time data processing for next-generation aerial intelligence.

ZenaTech’s ZenaDrone 1000, a medium-sized VTOL quadcopter with eight rotors, is designed for stable flight and heavy lift capabilities, and is equipped with AI, sensors, and purpose-built attachments for industrial and defense applications. The company’s drones are used in various sectors, including agriculture, defense, and logistics, to improve operational efficiencies, accuracy, and cost savings.

This announcement is based on a press release statement from ZenaTech, Inc., and reflects the company’s current plans and expectations for its Quantum Computing Sky Traffic project and team expansion. InvestingPro subscribers have access to additional insights, including 8 more key tips about ZenaTech’s financial health and market position, which could be crucial for understanding the company’s growth trajectory.

In other recent news, ZenaTech, Inc. announced plans to test a new high-density battery for its ZenaDrone 1000 model. Developed by Galaxy Batteries Inc., the battery aims to improve the drone’s flight time, reliability, and payload capacity, particularly in defense and commercial applications. This development is significant in ZenaTech’s ambition to become a Blue UAS-certified supplier to U.S. defense branches and other military organizations, a process that necessitates strict adherence to NDAA cybersecurity and supply chain sourcing requirements.

ZenaTech previously conducted two paid trials with the U.S. Air Force and the U.S. Navy Reserve, showcasing the ZenaDrone 1000’s logistics and transportation capabilities. The company confirmed its supply chain is fully NDAA compliant and intends to apply for Green UAS certification, a more streamlined process than the Blue UAS program.

Operating globally, ZenaTech continues to expand its Drone as a Service (DaaS) business model and partner network. These recent developments demonstrate the company’s ongoing efforts to advance its drone technology.

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