The latest announcement is out from ZenaTech, Inc. ( (ZENA) ).
ZenaTech’s subsidiary, ZenaDrone, has finalized the third-generation design of its ZenaDrone 1000, a multifunctional drone tailored for the US defense and commercial markets. This new model features significant upgrades, such as a 100-volt propulsion system and an aerodynamic carbon fiber body, enhancing its speed, endurance, and payload capacity. The production of these drones is set to begin in Q1 2025 in Sharjah, UAE. The advancements position ZenaTech to better compete in the growing global military drone market, projected to reach $47 billion by 2032. Additionally, ZenaTech is working towards compliance with US Department of Defense standards, aiming for certifications that will enable broader market access.
More about ZenaTech, Inc.
ZenaTech, Inc. is a technology company specializing in AI drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions. The company has been innovating in drone design and manufacturing since 2017, focusing on improving inspection, monitoring, safety, security, compliance, and surveying processes for various sectors, including law enforcement, health, government, agriculture, defense, and logistics. ZenaTech operates globally with offices in North America, Europe, Taiwan, and the UAE, and is expanding its DaaS business model and partner network.
YTD Price Performance: -39.71%
Average Trading Volume: 860,061
Technical Sentiment Consensus Rating: Strong Buy
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