ZenaTech, Inc. (Nasdaq: ZENA) ("ZenaTech"), a technology company
specializing in AI (Artificial Intelligence) drone solutions and
enterprise SaaS (Software-as-a-Service) solutions, today announced
that its subsidiary, ZenaDrone, has successfully completed the
first phase of drone testing and 3D mapping, and is beginning the
next phase of production of a paid trial for a multinational auto
parts manufacturer. This production phase consists of flying
automatic and fully autonomous flights of the IQ Nano drone in an
inventory management application.
Testing took place over several months at ZenaDrone’s production
facility in Sharjah, United Arab Emirates (UAE) to ensure the
smooth operation of the inventory scanning application. The 3D
mapping took place just recently at the customer’s site consisting
of scanning and mapping the warehouse area to create a 3D map that
automates the drone flight path and its operations while in
production.
View video showing the IQ Nano in test
flight here.
The production phase is set to begin imminently and will consist
of the IQ Nano flying and reading product and component bar codes,
collecting information for verification and integration with the
customer’s inventory management and accounting systems.
“We look forward to the production phase and concluding a
successful trial, proving the viability of the IQ Nano and enabling
us to deliver our product to our customer. A successful trial also
opens the potential to win additional business with this customer
and to verifiably demonstrate IQ Nano’s utility for the benefit of
attracting additional market interest. The revolutionary use of an
indoor drone for productivity and cost savings value can be
implemented across hundreds of warehouse facilities, turning a
week-long activity like counting inventory into a day,” said CEO
Shaun Passley, Ph.D.
The ZenaDrone IQ Nano is a 10x10-inch
drone designed to perform regular and frequent inspections such as
bar code or RFID scanning, facility maintenance inspections,
security monitoring, 3D indoor mapping and other applications
inside a warehouse, distribution, or plant facility. The IQ Nano is
designed for autonomous use featuring integrated sensors,
high-quality cameras, and data collection and analysis. Weighing
1.5kg and with a flight time of up to 20 minutes before utilizing
the automatic battery charging station, it is designed for hovering
stability and for safety with obstacle avoidance capabilities.
ZenaDrone IQ Nano Features:
Charging pad: Convenient charging solution
without cords or cables, making it easier to maintain multiple
drones.
Tethered cable: Offers stable power and
data connection for longer flight times or hovering in one place
for longer periods, for real-time data transmission during indoor
inspections.
Safe for indoor use: Equipped with
obstacle avoidance and suitable for confined spaces where
traditional drones may pose a risk.
Intelligent Battery: Designed to have a flight
time of up to 20 minutes, it features an intelligent flight battery
that enhances its time in the air.
Reliable Video: The enhanced video transmission
and sensing systems make it highly reliable in gathering visual
data in the air.
Retractable landing gear: Enables a
compact and streamlined design, improving maneuverability in
limited space areas.
Durability: Carbon-fiber shell that can
withstand impact without severe damage, and propeller guards
protect its rotors to ensure uninterrupted flight.
Portability: Designed to fit in a case for
quick deployment from site to site for ease of carrying, and
unobtrusive and stackable for storage.
User-Friendly Controls: Designed so controls
work alongside onboard sensing system and video transmission, to
provide smooth and intuitive operability even for new pilots.
About ZenaTech
ZenaTech (Nasdaq: ZENA) is a technology company specializing in
AI drone solutions 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 field service processes. With over 100
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 helps drive exceptional operational efficiencies
and cost savings. The company operates through six offices in North
America, Europe, and UAE, and a growing 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, and
other software and hardware innovations. Created to revolutionize
the hemp farming sector, its specialization has evolved to
multifunctional drone solutions for industrial surveillance,
monitoring, inspection, tracking, and process automation, utilizing
the ZenaDrone 1000 drone and the IQ series of indoor/outdoor drone
products.
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; changes
in the target markets; market uncertainty; ability to
access additional capital; 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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