ZenaTech Signs LOI for Land Survey Company Acquisition

ZenaTech, a technology company listed on Nasdaq and FSE, has announced its intention to acquire a US land survey company as part of its strategy to disrupt the land survey industry using drone technology. The LOI signed marks a pivotal first acquisition in ZenaTech's broader strategy to establish a leading DaaS (Drone-as-a-Service) business model in the land survey sector. Leveraging its expertise in AI-driven drone capabilities, ZenaTech aims to transform traditional land surveying processes, significantly reducing the time required to gather and analyze expansive terrain data. CEO Shaun Passley has drawn parallels with Uber’s disruption of the taxi industry, indicating the potential for significant revenue increases and global expansion of their DaaS model. The US Surveying and Mapping Services industry represents a $10.3 billion market, growing at an annual rate of 3%. With drone technology promising enhancements in speed, accuracy, and innovation, ZenaTech is positioning itself to offer comprehensive solutions for various sectors through its subsidiary ZenaDrone. The move is aligned with ZenaTech's commitment to modernize processes like inspection, monitoring, and compliance across its diverse client base spanning law enforcement, agriculture, defense, and logistics.