Curated News
By: NewsRamp Editorial Staff
November 14, 2024
ZenaTech, Inc. Announces Strong Q3 Financial Results and Major Milestones
Discuss on Reddit
LinkedIn
Substack
TelegramTLDR
- ZenaTech's subsidiary ZenaDrone received U.S. FAA approval for visual line-of-sight commercial use, opening up new opportunities in land surveying, inspection, monitoring and tracking applications.
- The IQ Nano autonomous AI drone was launched for indoor use by customers including warehousing and logistics facilities to save costs and improve productivity while performing indoor inspection, monitoring applications and inventory management.
- ZenaTech's acquisition of four software companies adds recurring revenue and important functionality to enhance drone solutions, driving exceptional operational efficiencies and cost savings in various sectors.
- ZenaTech's CEO and CTO participated in a Trade Mission to Taiwan and announced the establishment of a sensors and component manufacturing facility, opening up new opportunities for global partnerships and innovation.
Impact - Why it Matters
This news matters as it highlights the significant growth and expansion of ZenaTech, Inc., a technology company specializing in AI drone solutions and enterprise SaaS solutions. The company's achievements, including FAA approval, product launches, acquisitions, and international expansion, demonstrate its commitment to innovation and market leadership. This news also signals potential opportunities for investors and industry stakeholders as ZenaTech continues to make significant strides in the technology and drone sectors.
Summary
ZenaTech, Inc. announces financial results for the third quarter, including a 15% increase in revenue. The company's subsidiary, ZenaDrone, received FAA approval for commercial use of its ZenaDrone 1000 product, while also launching the IQ Nano indoor drone. ZenaTech also announced the acquisition of four software companies and the acquisition of a United States Design Patent for a drone design. Additionally, the company's CEO and CTO participated in a Trade Mission to Taiwan, where they announced the establishment of a sensors and component manufacturing facility. ZenaTech's common shares were cross listed for trading on the Frankfurt Stock Exchange to increase liquidity and build an investor base in Europe.
Source Statement
This curated news summary relied on this press release disributed by NewMediaWire. Read the source press release here, ZenaTech, Inc. Announces Strong Q3 Financial Results and Major Milestones
