ZenaTech's subsidiary ZenaDrone expands its engineering team by 35 hires to enhance drone production capabilities.
Quiver AI Summary
ZenaTech, Inc., a Vancouver-based technology company specializing in AI drones and related services, has announced the expansion of its subsidiary ZenaDrone's engineering and technical team with the addition of 35 new hires. This move aims to enhance production capabilities as the company transitions from prototype development to full-scale manufacturing of its drone products, including the ZenaDrone 1000 and IQ series, which will be produced in Sharjah, UAE. CEO Shaun Passley emphasized the importance of scaling up resources to meet production goals efficiently. ZenaDrone’s product lineup includes advanced multifunction drones for military and commercial applications, equipped with cutting-edge technology for inspection, monitoring, and logistical purposes. The company has a global presence and operates with a focus on driving efficiencies and innovation in various sectors through its drone solutions.
Potential Positives
- ZenaTech is expanding its team by adding 35 new hires, indicating growth and the ability to meet increased production demands for its drone products.
- This recruitment effort is a strategic move as the company transitions from prototype stages to full-scale production, which is essential for timely market delivery of its drones.
- The announcement highlights the company’s commitment to innovation and capability enhancement within its manufacturing processes, particularly for noteworthy products like the ZenaDrone 1000 and IQ series drones.
- ZenaTech's drones have successfully completed paid trials with the US Air Force and Navy Reserve, showcasing their applicability for critical logistics and transportation needs and potentially enhancing the company's reputation and future contract opportunities.
Potential Negatives
- The company is heavily dependent on expanding its workforce and scaling production, indicating potential challenges in meeting market demands and operational efficiency.
- There is a risk associated with the execution of their production plans, as stated forward-looking statements suggest uncertainty regarding the ability to deliver products to the market as currently contemplated.
- The mention of potential regulatory risks and unfavorable publicity reflects broader uncertainties that could impact the company's reputation and operational success.
FAQ
What is ZenaTech known for?
ZenaTech specializes in AI drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions.
What significant expansion is ZenaDrone undertaking?
ZenaDrone is hiring 35 new engineers and technicians to enhance its drone manufacturing capabilities.
Where is ZenaDrone's manufacturing facility located?
The manufacturing facility is situated in Sharjah, UAE, covering 10,000 square feet.
What are the key models of drones offered by ZenaDrone?
ZenaDrone offers the ZenaDrone 1000, IQ Square, and IQ Nano for various applications.
How does ZenaTech support mission-critical applications?
ZenaTech provides innovative drone solutions to enhance operational efficiencies, safety, and compliance across multiple sectors.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
Full Release
VANCOUVER, British Columbia, March 13, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces today that its subsidiary ZenaDrone is expanding its team of drone engineers, technicians, and R&D engineers by adding 35 new hires to meet production line and capability requirements for the manufacturing of its drone products.
“As we transition from the prototype stages to full-scale production of our drones, we are adding qualified engineering, manufacturing and technical talent to commence and accelerate full-scale manufacturing and assembly. Expanding our production line capacity by adding these resources is a critical step in delivering our drones to market efficiently while meeting our monthly production goals,” said CEO Shaun Passley, Ph.D.
The ZenaDrone 1000 and IQ series of drones will be manufactured in the company’s 10,000-foot manufacturing facility in Sharjah, UAE where prototype and R&D development, drone assembly, flight testing, and quality control functions also take place. ZenaDrone’s engineers include multi-disciplinary area backgrounds including mechanical, avionic, electrical and electronics specializations. Drone technicians have manufacturing or drone industry backgrounds and are specialists in a variety of assembly line production, flight testing, and quality control areas. Of the new team members, 15 have joined the company already and an additional 20 are expected to be onboard over the next one to two months.
The ZenaDrone 1000 is an autonomous multifunction drone offering stable flight, maneuverability, heavy lift capabilities, innovative software technology, sensors, AI, and purpose-built attachments, along with compact and rugged hardware engineered for military and industrial use. The company previously completed two paid trials with the US Air Force and the US Navy Reserve for logistics and transportation applications carrying critical cargo, such as blood, in the field.
The ZenaDrone IQ Square is an outdoor drone designed to be an advanced AI multifunction drone designed for commercial inspections, land surveys and other outdoor applications, and for the defense sector for various inspections and reconnaissance missions. Equipped with state-of-the-art cameras and sensors, the IQ Square offers a flight time of approximately 20 minutes when used with its autonomous recharging pad and can carry a payload of up to seven kilograms. With a footprint of 41X41 inches, the VTOL (Vertical Takeoff and Landing), drone features retractable landing gear for enhanced functionality and adaptability.
The ZenaDrone IQ Nano is an indoor drone and comes in 10x10-inch or 20X20-inch models, designed to perform regular and frequent inspections such as bar code or RFID scanning, facility maintenance inspections, security monitoring, 3D indoor mapping inside a warehouse, distribution, or plant facility. The IQ Nano is designed for autonomous use featuring integrated sensors, high-quality cameras, and data collection and analysis. Weighing 1.5kg and with a flight time of up to 20 minutes before utilizing the automatic battery charging station, it is designed for hovering stability and for safety with obstacle avoidance capabilities.
About ZenaTech
ZenaTech
(Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical business applications. Since 2017, the Company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes. With enterprise software customers using branded solutions in law enforcement, health, government, and industrial sectors, and drones being implemented in these plus agriculture, defense, and logistics sectors, ZenaTech’s portfolio of solutions helps drive exceptional operational efficiencies, accuracy and cost savings. The Company operates through seven global offices in North America, Europe, Taiwan, and UAE, and is growing a DaaS business model and global partner network.
About ZenaDrone
ZenaDrone
, a wholly owned subsidiary of ZenaTech, develops and manufactures autonomous business drone solutions that can incorporate machine learning software, AI, predictive modeling, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown to multifunctional drone solutions for industrial surveillance, monitoring, inspection, tracking, process automation and defense applications. Currently, the
ZenaDrone 1000
drone is used for crop management applications in agriculture and critical field cargo applications in the defense sector, the
IQ Nano
indoor drone is used for inventory management in the warehouse and logistics sectors, and the
IQ Square
is an outdoor drone designed for land survey and inspections use in commercial and defense sectors.
Contacts for more information:
Company, Investors and Media:
Linda Montgomery
ZenaTech
312-241-1415
investors@zenatech.com
Investors:
Michael Mason
CORE IR
investors@zenatech.com
Safe Harbor
This press release and related comments by management of ZenaTech, Inc. include “forward-looking statements” within the meaning of U.S. federal securities laws and applicable Canadian securities laws. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. This forward-looking information relates to future events or future performance of ZenaTech and reflects management’s expectations and projections regarding ZenaTech’s growth, results of operations, performance, and business prospects and opportunities. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “aim”, “seek”, “is/are likely to”, “believe”, “estimate”, “predict”, “potential”, “continue” or the negative of these terms or other comparable terminology intended to identify forward-looking statements. Forward-looking information in this document includes, but is not limited to ZenaTech’s expectations regarding its revenue, expenses, production, operations, costs, cash flows, and future growth; expectations with respect to future production costs and capacity; ZenaTech's ability to deliver products to the market as currently contemplated, including its drone products including ZenaDrone 1000 and IQ Nano; ZenaTech’s anticipated cash needs and it’s needs for additional financing; ZenaTech’s intention to grow the business and its operations and execution risk; expectations with respect to future operations and costs; the volatility of stock prices and market conditions in the industries in which ZenaTech operates; political, economic, environmental, tax, security, and other risks associated with operating in emerging markets; regulatory risks; unfavorable publicity or consumer perception; difficulty in forecasting industry trends; the ability to hire key personnel; the competitive conditions of the industry and the competitive and business strategies of ZenaTech; ZenaTech’s expected business objectives for the next twelve months; ZenaTech’s ability to obtain additional funds through the sale of equity or debt commitments; investment capital and market share; the ability to complete any contemplated acquisitions; changes in the target markets; market uncertainty; ability to access additional capital, including through the listing of its securities in various jurisdictions; management of growth (plans and timing for expansion); patent infringement; litigation; applicable laws, regulations, and any amendments affecting the business of ZenaTech.
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