ZenaTech stock soars on new defense-focused Drone as a Service

Investing.com -- ZenaTech Inc (NASDAQ:ZENA) (FSE:49Q) (BMV:ZENA) shares surged 82.7% following the announcement of the launch of its Drone as a Service (DaaS) for US Defense and Government agencies, along with strategic partnerships aimed at bolstering sales in this sector. The company’s move to engage Bromelkamp Government Relations and Winning Strategies Washington for lobbying and business development consulting services has been received positively by the market.

The partnerships are expected to be significant as ZenaTech rolls out its DaaS offering and intensifies its sales initiatives within the defense industry. Shaun Passley, Ph.D., CEO of ZenaTech, emphasized the value of these collaborations, stating, "These partnerships will be instrumental in building relationships with the various agencies as we launch our DaaS service and expand our sales efforts in this sector."

ZenaTech’s expansion into the defense market comes at a time when military priorities are shifting towards autonomy and secure supply chains. The company’s ZenaDrone subsidiary is poised to capitalize on this trend with its ZenaDrone 1000, an autonomous drone designed for multiple military applications, and its compact drone solutions, the ZenaDrone IQ Nano and IQ Square, which cater to ISR and indoor security needs.

The company’s drones feature advanced technology, such as AI, thermal imaging, and LiDAR, which are critical for intelligence, surveillance, and reconnaissance operations. The DaaS model offers a cost-effective and scalable solution for defense customers, allowing them to deploy drones without significant capital investment.

Furthermore, ZenaTech is actively seeking Green UAS and Blue UAS certifications to comply with federal standards, which is crucial given the recent restrictions on Chinese-made drones in military and government operations. This compliance positions ZenaTech to secure valuable defense contracts and respond to the growing demand for secure aerial solutions.

The market’s reaction to ZenaTech’s announcement reflects optimism about the company’s strategic direction and potential to penetrate the defense sector with its innovative drone technologies and service model.

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