ZenaTech to develop counter-drone tech following White House directive

VANCOUVER - ZenaTech, Inc. (NASDAQ:ZENA), a $124 million market cap technology company, announced Thursday its subsidiary ZenaDrone is accelerating development of Counter-Unmanned Aircraft System (Counter-UAS) technology for its ZenaDrone 1000 platform in response to a recent White House executive order. The stock has shown significant momentum, gaining nearly 9% in the past week, according to InvestingPro data.

The company plans to file a patent for the counter-drone technology, which was originally designed last year but put on hold as the company focused on other applications. The June 6 executive order "Restoring American Airspace Sovereignty" has prompted ZenaTech to prioritize this development. InvestingPro analysis indicates the company operates with a moderate debt level and has achieved 24.5% revenue growth in the last twelve months, though it remains unprofitable.

"We developed our Counter-UAS system with future threats in mind, and the Executive Order has made it clear that the time to act is now," said Dr. Shaun Passley, CEO of ZenaTech, according to the company’s press release.

ZenaTech will expand its engineering and defense teams to accelerate research, testing and deployment of the technology. The enhanced drone will feature threat detection and neutralization capabilities intended for military, homeland security, and infrastructure protection.

The ZenaDrone 1000 is a 12x7-foot rotary-wing octocopter that can carry up to 40 kg (88 lbs) of payload and fly for up to an hour before recharging. It can be equipped with various sensors for surveillance, reconnaissance, and other applications.

The White House executive order issued on June 6 aims to drive demand for counter-UAS technologies, establish federal standards for airspace integration, and prioritize U.S.-made systems.

ZenaTech, listed on Nasdaq, Frankfurt Stock Exchange, and Bolsa Mexicana de Valores, specializes in AI drone technology, Drone as a Service, enterprise software, and quantum computing solutions. The company operates through seven global offices across North America, Europe, Taiwan, and UAE. Based on InvestingPro’s Fair Value analysis, the stock appears overvalued at current levels. Subscribers can access 8 additional ProTips and comprehensive financial metrics to make more informed investment decisions.

In other recent news, ZenaTech, Inc. is accelerating its drone production following a White House executive order aimed at boosting the American drone industry. This directive is expected to streamline regulatory processes and increase demand for ZenaTech’s drones, particularly in defense and commercial sectors. Additionally, ZenaTech has launched its Drone as a Service (DaaS) for U.S. Defense and Government agencies, forming strategic partnerships to enhance sales efforts in this sector. The company is also advancing its involvement in drone swarms and quantum computing initiatives for the U.S. military, showcasing these technologies at several investor conferences. In a move to enhance its DaaS capabilities, ZenaTech acquired Laventure & Associates, Inc., a Florida-based surveying and mapping firm, to boost its powerline inspection services. This acquisition aligns with ZenaTech’s broader strategy to expand its drone solutions across various sectors. Furthermore, ZenaTech is integrating AI and quantum computing to improve wildfire detection and response as part of its Clear Sky project. The company is also pursuing Green UAS and Blue UAS certifications to comply with federal standards, positioning itself to secure valuable defense contracts.

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