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Investing.com -- ZenaTech Inc (NASDAQ:ZENA) stock jumped 8.6% after the company announced a strategic partnership with Eagle Point Funding to pursue US defense contracts.
The business technology solution provider, specializing in AI drones and quantum computing, said its subsidiary ZenaDrone has signed an agreement with Eagle Point Funding to help secure defense contracts. The specialized consultancy will provide structured support in identifying and preparing competitive proposals for US defense and government agencies.
Eagle Point Funding specializes in helping technology companies secure non-dilutive federal R&D grants and contracts from agencies including the Department of Defense, Air Force, and Navy. The firm guides clients through application processes for programs such as Small Business Innovation Research (SBIR) and Defense Advanced Research Projects Agency (DARPA) opportunities.
"Our collaboration with Eagle Point Funding will accelerate testing, pilot deployments, and enable long-term procurement discussions—helping ZenaDrone to advance as a key provider of American-made drone solutions," said Shaun Passley, Ph.D., ZenaTech CEO.
ZenaDrone has previously completed paid trials with the US Air Force and Navy Reserve, demonstrating capabilities including delivery of critical supplies such as blood in the field. The company’s military drone portfolio includes the ZenaDrone 1000, IQ Nano, and IQ Square models designed for applications ranging from surveillance to indoor inventory management for warehouses and armories.
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