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Investing.com -- ZenaTech Inc (NASDAQ:ZENA) stock rose 4.6% on Thursday after the technology solutions provider announced an offer to acquire a Utah-based commercial surveying and 3D mapping company specializing in LiDAR processing and drone-enabled data capture for solar site development.
The acquisition represents ZenaTech’s strategic entry into the solar infrastructure market, providing the company with new growth opportunities in aerial data services for solar farm development and maintenance. The target company brings operational drone technology experience in surveying and data processing for large commercial solar projects.
"Entering the commercial solar development and maintenance sector is a significant milestone for ZenaTech," said Shaun Passley, CEO of ZenaTech. "Solar infrastructure demands high-precision surveying and rapid data turnaround. This acquisition instantly brings these capabilities to our Drone as a Service platform and expands us into this untapped market."
The North American solar energy systems market is growing at over 15% annually, according to Grand View Horizon, creating opportunities for drone-based automation to reduce costs and accelerate project timelines in an industry still reliant on manual surveying methods.
This acquisition contributes to ZenaTech’s broader goal of establishing 25 Drone as a Service (DaaS) locations by the end of the second quarter of 2026. The company has completed 12 US acquisitions to date as part of this strategy, which offers clients subscription-based access to drone services without the capital costs of ownership.
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