ZenaTech, Inc. (NASDAQ: ZENA) has seen its shares climb significantly on the US stock charts today, following the announcement of its latest quantum computing initiative. In pre-market trading, ZENA stock was valued at $6.96, reflecting a 22.32% increase.
Introducing the Sky Traffic Project
ZenaTech unveiled its groundbreaking quantum computing project, Sky Traffic, which aims to revolutionize traffic optimization and weather forecasting using the company’s ZenaDrone 1000 drones. This initiative originated from a government client’s interest in employing drones to monitor vehicular traffic.
The Sky Traffic project will also extend its application to weather radar systems, providing faster and more precise weather forecasts. This integration of quantum computing and drone technology positions ZenaTech as a leader in real-time automation and efficiency advancements.
Expansion into Land Survey Acquisitions
In addition to Sky Traffic, ZenaTech is accelerating its acquisition strategy in the land surveying sector. This week, the company signed a second Letter of Intent (LOI) to acquire a land survey engineering firm based in the Southern United States.
This purchase advances ZenaTech’s Drone-as-a-Service (DaaS) business model and builds on an earlier contract with a company in the Southeast of the United States. ZENA hopes to upend conventional land surveying with these acquisitions by using AI-powered drones to produce quicker, more precise findings.
A smooth integration into the company’s operations is ensured by its emphasis on purchasing smaller businesses with established networks and certified surveyors. With over 20 potential acquisitions in the pipeline, ZenaTech’s DaaS strategy has the potential to drive significant revenue growth.
Broadening Market Applications
Its DaaS model is poised to serve diverse sectors, including government agencies, agriculture, oil and gas, logistics, and environmental firms. The company’s multipurpose ZenaDrone 1000 and IQ Nano drones offer customized solutions for a variety of uses, from warehouse management to land assessments.
By providing cutting-edge drone hardware and software, ZenaTech is changing the landscape of the business and opening up new doors for its customers. ZENA is firmly establishing itself as a leader in drone technology and quantum computing applications by means of its creative ventures and well-timed acquisitions.
