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VANCOUVER - ZenaTech, Inc. (NASDAQ:ZENA), a $80.66 million market cap company specializing in AI drone technology and Quantum (NASDAQ:QMCO) Computing solutions, announced today that it will begin testing a new high density battery for its ZenaDrone 1000 model. According to InvestingPro analysis, the company currently trades below its Fair Value, despite showing 9.19% revenue growth in the last twelve months. The battery, developed by affiliated company Galaxy Batteries Inc., is designed to enhance the drone’s flight time, reliability, and payload capacity, particularly for defense and commercial applications.
The ZenaDrone 1000, an autonomous multifunction drone, is engineered for both military and industrial use, featuring stable flight, maneuverability, and heavy lift capabilities. It incorporates innovative software, sensors, AI, and custom attachments. While the company maintains a healthy current ratio of 1.57, InvestingPro data shows it is not yet profitable, with negative EBITDA in the last twelve months. The high density batteries are expected to improve the drone’s performance in demanding military operations, such as cargo and resupply missions, intelligence, surveillance, and reconnaissance.
ZenaTech’s CEO, Shaun Passley, Ph.D., emphasized the importance of these tests in the company’s goal to become a Blue UAS-certified supplier to U.S. defense branches and other military organizations. The certification process requires strict adherence to NDAA cybersecurity and supply chain sourcing requirements.
Previously, ZenaTech conducted two paid trials with the U.S. Air Force and the U.S. Navy Reserve, demonstrating the ZenaDrone 1000’s capabilities in logistics and transportation. The company has also confirmed that its supply chain is fully NDAA compliant and plans to apply for Green UAS certification, which offers a more streamlined process than the Blue UAS program.
ZenaTech operates globally, with offices in North America, Europe, Taiwan, and the UAE, and continues to expand its Drone as a Service (DaaS) business model and partner network. The company’s portfolio of drone solutions is utilized in various sectors, including agriculture, defense, and logistics, aiming to increase operational efficiencies and cost savings.
The announcement is based on a press release statement from ZenaTech, Inc. and reflects the company’s current plans and expectations for its drone technology advancements. InvestingPro subscribers can access additional insights, including 8 more key tips about ZENA’s financial health and market performance. Get the full picture with real-time metrics and expert analysis.
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