ZenaTech Signs LOI for Arizona Surveying Firm Acquisition

ZenaTech, a company specializing in AI-powered drone solutions, has signed a Letter of Intent to acquire its sixth surveying engineering firm in Arizona. This marks ZenaTech's first acquisition in the Southwest region of the US, providing a strategic location to expand their Drone as a Service (DaaS) business model. DaaS allows clients from various sectors, including government, construction, and agriculture, to access drone technology without the need to purchase drones themselves. The acquisition will enable ZenaTech to leverage Arizona's favorable regulatory environment to build a regional and eventually national presence. Supported by a rising global market for drone surveying, this acquisition aligns with industry growth predictions that suggest the sector will surpass $8 billion by 2030. ZenaTech aims to utilize their technological advancements in AI, machine learning, and other cutting-edge technologies to boost operational efficiency and cost savings for their clients.