ZenaTech, Inc., a technology company specializing in AI, drone, Drone-as-a-Service (DaaS), enterprise SaaS and Quantum Computing solutions, has announced the closing of its acquisition of Miller Land Surveying Corporation, a land survey and mapping company with a 40-year history and deep portfolio of business customers in the Palm Beach County area of South Florida.
A Strategic Acquisition in the Southeast Region
The acquisition of Miller Land Surveying brings a wealth of experience and customer relationships to ZenaTech’s DaaS business, furthering the company’s national rollout of its drone-based surveying services. This acquisition is part of ZenaTech’s larger national roll-up strategy to disrupt the land survey industry by accelerating the use of drones for their speed and accuracy benefits.
- The acquisition of Miller Land Surveying is ZenaTech’s third acquisition in the Southeast region as part of its national roll-up strategy.
- The acquisition is also the fourth US acquisition for ZenaTech’s DaaS business.
Enhancing DaaS Business
The acquisition of Miller Land Surveying will enhance ZenaTech’s DaaS business by incorporating the ZenaDrone 1000 and the IQ series of multifunction autonomous drones. These drones will provide a variety of service solutions from land surveys to power line inspections or power washing, made accessible and cost-effective through an Uber-like business model on a regular subscription or pay-per-use basis.
| Service Solutions | Drones Used | Features |
|---|---|---|
| Land Surveys | ZenaDrone 1000 | High-resolution pictures and data capture |
| Power Line Inspections | ZenaDrone 1000 | LiDAR, GPS, and sensor-equipped |
| Power Washing | IQ series of multifunction autonomous drones | Advanced cleaning and inspection |
Benefits of DaaS Business Model
The DaaS business model offers customers such as government agencies, real estate developers, construction firms, farmers, or energy companies reduced upfront costs, convenience, and scalability. The model also enables access to advanced drone technology sensors or attachments without the need for specialized training.
- Reduced upfront costs
- Convenience
- Scalability
- Access to advanced drone technology sensors or attachments
Market Growth Potential
The global drone surveying market is poised for substantial growth, with Fact.MR estimating it to be worth over USD $8 billion globally by 2030. The market is expected to expand at a CAGR of 15-20%, driven by increasing demand from industries such as construction, agriculture, and infrastructure development.
About ZenaTech
ZenaTech is a technology company specializing in AI, drone, Drone-as-a-Service (DaaS), enterprise SaaS, and Quantum Computing solutions for mission-critical business applications. The company has grown its drone design and manufacturing capabilities through its wholly owned subsidiary, ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes.
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.
Highlights
* ZenaTech has acquired Miller Land Surveying Corporation, a land survey and mapping company with a 40-year history and deep portfolio of business customers in the Palm Beach County area of South Florida. * The acquisition is ZenaTech’s third acquisition in the Southeast region and the fourth US acquisition for its DaaS business. * The acquisition will enhance ZenaTech’s DaaS business by incorporating the ZenaDrone 1000 and the IQ series of multifunction autonomous drones. * The DaaS business model offers customers reduced upfront costs, convenience, and scalability.
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.
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