ZenaTech, Inc. (NASDAQ: ZENA) stock is climbing on teh charts today, rising 48.94% to $4.20 as of the most recent market update. An announcement of a strategic purchase supporting its development aspirations in the Southwest, comes after this rising momentum.
Arizona’s Strategic Acquisition Boosts Regional Development
ZenaTech has made its sixth acquisition in the industry with the signing of a Letter of Intent (LOI) to purchase an Arizona-based land survey engineering company. This move is significant since it marks the company’s first foray into the Southwest and positions Arizona as a pivotal hub for future regional growth.
The acquisition is expected to speed up the company’s Drone-as-a-Service (DaaS) model deployment, which offers AI-powered drone solutions to commercial and governmental entities on a subscription or pay-per-use basis. Arizona is a key site for this acquisition because of ZenaTech’s existing presence in Phoenix, which includes corporate offices and a drone testing facility.
ZenaTech’s development potential are further supported by the state’s advantageous industrial climate and regulatory framework for drone technology. The firm hopes to develop a scalable model for countrywide development by solidifying its position in the area and expanding its land surveys and other services.
Drones as a Service Changing the Surveying Sector
Similar to Software as a Service (SaaS), the DaaS business model offers cutting-edge drone solutions without requiring clients to make expensive maintenance or equipment investments.
Land surveys, infrastructure inspections, security operations, and precision farming are just a few of the uses for DaaS that government organizations, construction companies, real estate developers, and agricultural enterprises may employ. This strategy ensures scalability depending on demand while offering affordable access to state-of-the-art drone technology.
Growing Need Drives Market Expansion
Precise land surveys are essential for legal paperwork, real estate development, and infrastructure design. Artificial intelligence (AI)-powered drones with LiDAR, GPS, and high-resolution image capabilities are transforming the field by gathering accurate aerial data across wide regions much faster than with conventional photogrammetry techniques.
Since land surveys are still essential to development and infrastructure projects, ZenaTech’s growth puts it in a position to benefit from this quickly expanding sector.