ZenaTech, Inc. (NASDAQ: ZENA) saw a significant decline during the regular trading session, but recovered during after-hours trading on Monday. The stock of ZENA increased by 5.39% to $2.54, following a sharp 13% decline that ended the regular session at $2.41.
ZenaDrone Commences US Operations
ZenaTech’s subsidiary, ZenaDrone, recently began offering aerial drone services in the United States. This was made possible by receiving an exemption from the Federal Aviation Authority (FAA).
Through its office in Phoenix, Arizona, the company introduced its Drone-as-a-Service (DaaS) model, which allows customers to use the ZenaDrone 1000 for a variety of applications, including land surveying, inspection, and tracking. These operations aim to build the required flight hours and airworthiness certifications necessary for full-scale commercial deployment.
FAA Licensing Progress
In addition to these operations, ZenaTech is advancing its efforts to secure an aerial spraying license under the FAA’s 14 CFR Part 137 regulation. This license will enable the ZenaDrone 1000 to be used for agricultural applications such as plant nourishment, soil treatment, and pest control.
ZenaTech’s rigorous compliance with FAA guidelines, developed over an 18-month period, has set the stage for its US commercial services launch. This achievement is expected to facilitate similar approvals in other regions where ZenaTech seeks to expand operations.
Expansion and Technological Capabilities
ZenaTech had previously received FAA approval for visual line-of-sight (VLOS) drone operations in the US, with certain conditions. This approval allows for live testing, evaluations, and demonstrations with domestic partners and clients. Additionally, ZenaTech plans to test beyond visual line-of-sight (BVLOS) capabilities at an international location in the coming months.
The ZenaDrone 1000, an advanced autonomous drone, is engineered for industrial purposes with enhanced stability, heavy-lift capabilities, and integrated AI technology. Its applications extend to smart farming and crop management, and it has been trialed by the US military for delivering temperature-sensitive medical supplies.
