ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) ("ZenaTech"), a technology
company specializing in AI (Artificial Intelligence) drone
solutions driven by Quantum Computing, Drones as a Service, and
enterprise SaaS, announces that it has signed a lease to open a
Beyond Visual Line of Sight (BVLOS) drone testing facility in
Turkey. The facility will serve as a product testing site for its
subsidiary ZenaDrone’s ZenaDrone 1000 model drones designed for the
US Defense Branches and NATO. The testing facility will be fully
set up and operational during the first quarter of 2025.
“Having a testing facility in Turkey will
accelerate the development of our US Defense and NATO models of the
ZenaDrone 1000. Importantly it will help to advance our AI drone
swarm solutions and the Drone Command Center hub at the heart of
missions. Turkey is a favorable European location for experimental
drone testing and known for its defense industry innovation and we
are grateful to be collaborating there,” said CEO Shaun Passley,
Ph.D.
The company will test defense drone applications
including ISRT (Intelligence, Surveillance, Reconnaissance, and
Targeting), logistics and transportation, and other applications
over wide distances beyond an operator’s line of sight. The company
will also design and test its Drone Command Center, a mobile room
that manages the computers, controls, and communications for
multiple drones flying at one time, which it intends to file a
patent for in the first quarter of 2025. The site is expected to
help provide additional testing and readiness for future US FAA
(Federal Aviation Administration) licensing applications.
A drone command center is a centralized facility
or mobile room used to monitor, control, and manage the operations
of multiple drones or AI drone swarms in real-time. It acts as the
operational hub where drone missions are planned, executed, and
monitored, ensuring that drones are collecting data and performing
their tasks safely, efficiently, and within regulatory
guidelines.
A drone swarm is a group of autonomous drones
that work together, coordinated by algorithms, to perform tasks
with dramatically improved speed, efficiency, and coverage.
ZenaTech previously announced the Sky Traffic project where
ZenaDrone teams will be working on applications for drone swarms,
also utilizing Quantum Computing, which will include border control
and perimeter security military applications.
ZenaDrone previously completed paid trials with
both the US Air Force and US Naval Research using its drones for
carrying critical cargo -- such as blood -- in the field. ZenaDrone
plans to manufacture and assemble its US Department of Defense
(DoD) drones in Phoenix, Arizona.
The ZenaDrone 1000 is an autonomous drone, in a
quadcopter design with eight rotors, and is considered a
medium-sized drone, roughly the size of a boardroom table. It is
designed for stable flight, maneuverability, heavy lift
capabilities, incorporating innovative software technology, AI,
sensors, and purpose-built attachments, along with compact and
rugged hardware engineered for industrial and defense use.
ZenaDrone solutions for the US military must be
NDAA (National Defense Administration Act) compliant, a requirement
with strict drone cybersecurity and country of origin
specifications, including chipsets, cameras, and components, which
excludes a set list of Chinese manufacturers. The company
previously announced that its supply chain is NDAA-compliant.
The company has also previously announced that
it plans to apply for Green UAS (Unmanned Aerial Systems) followed
by Blue UAS certification. The Blue UAS program is a stringent
government-approved supplier list of drone companies that wish to
do business with the US DoD. The Green UAS program is essentially
the same as the Blue UAS program, only it is a more streamlined and
faster certification process without the country of origin
specifications.
About ZenaTech
ZenaTech (Nasdaq: ZENA) (FSE: 49Q) is a
technology company specializing in AI drones, Quantum Computing,
Drone as a Service (DaaS), and enterprise SaaS 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,
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, and the IQ Nano indoor drone is used for inventory
management in the warehouse and logistics sectors.
This press release does not constitute
an offer to sell or the solicitation of an offer to buy any
securities, nor shall there be any sale of these securities in any
state or jurisdiction in which such offer, solicitation, or sale
would be unlawful prior to registration or qualification under the
securities laws of any such state or jurisdiction.
Contacts for more information:
Company, Investors and Media:Linda
MontgomeryZenaTech312-241-1415investors@zenatech.com
Investors:Michael MasonCORE
IRinvestors@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.
Forward-looking statements are based on certain
assumptions and analyses made by the management of ZenaTech in
light of its experience and understanding of historical trends and
current conditions and other factors management believes are
appropriate to consider, which are subject to risks and
uncertainties. Although ZenaTech’s management believes that the
assumptions underlying these statements are reasonable, they may
prove to be incorrect, and actual results may vary materially from
the forward-looking information presented. Given these risks and
uncertainties underlying the assumptions made, prospective
purchasers of ZenaTech’s securities should not place undue reliance
on these forward-looking statements.
Further, any forward-looking statement speaks
only as of the date on which such statement is made, and, except as
required by applicable law, ZenaTech undertakes no obligation to
update any forward-looking statement to reflect events or
circumstances after the date on which such statement is made or to
reflect the occurrence of unanticipated events. New factors emerge
from time to time, and it is not possible for management to predict
all such factors and to assess in advance the impact of each such
factor on ZenaTech’s business or the extent to which any factor, or
combination of factors, may cause actual results to differ
materially from those contained in any forward-looking statement.
Potential investors should read this document with the
understanding that ZenaTech’s actual future results may be
materially different from what is currently anticipated.
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