ZenaTech, Inc. (NASDAQ: ZENA) (FSE: 49Q) (BMV: ZENA) announced that its Drone as a Service (DaaS) business has entered the solar surveying market with two contract awards totaling more than $110,000 for school campus and municipal solar projects. A third project valued at approximately $60,000 is expected to be awarded within 90 days, while management anticipates the client could generate approximately $150,000 in quarterly revenue, or $600,000 over the next 12 months. The initial contracts involve surveying school parking lots for planned solar canopy installations, with field data collection completed at six school sites. ZenaTech is also conducting a proof of concept comparing drone-based surveying with traditional static LiDAR scanning to evaluate potential improvements in coverage and efficiency.
The company plans to expand its solar infrastructure services beyond initial site surveys to recurring drone-based inspections and panel cleaning, using its IQ Square outdoor inspection and maintenance drone. Its approach combines licensed surveying expertise, drone data collection and artificial intelligence (AI) processing, with formal testing of its proprietary AI software suite across the DaaS network planned for 2027. ZenaTech currently operates a global DaaS network spanning almost 45 locations across 14 U.S. states, Canada, Europe, the United Arab Emirates and Australia.
Why does this matter? The entry into solar surveying represents a strategic diversification for ZenaTech's DaaS business, which has primarily focused on land surveys and inspections. By targeting the renewable energy sector, ZenaTech taps into the growing demand for solar infrastructure, which requires precise site assessments and ongoing maintenance. The contracts, though modest in initial value, could serve as a springboard for larger municipal and school projects, given the push for clean energy adoption. Moreover, the proof of concept comparing drone-based surveying to traditional LiDAR scanning could yield efficiency gains, potentially reducing costs and time for solar installations. If successful, ZenaTech's expansion into recurring services like panel cleaning and inspections could create a stable revenue stream, aligning with its acquisition-led roll-up strategy to digitize legacy industries.
For investors, the news provides insight into ZenaTech's ability to leverage its drone technology across new verticals. The company's global DaaS network and AI capabilities position it to capture opportunities in the solar market, which is expected to grow as governments and institutions invest in renewable energy. However, the contracts are relatively small, and the anticipated $600,000 in annual revenue from this client is a fraction of ZenaTech's overall business. The planned AI software testing in 2027 suggests a longer-term horizon for full-scale automation.
ZenaTech, Inc. is a technology company specializing in AI autonomy drone platforms for commercial, government, and defense sectors. Its subsidiaries include drone manufacturing through ZenaDrone, a global DaaS business, and an enterprise SaaS division. The company is executing an acquisition-led DaaS roll-up strategy to digitize and automate legacy service industries. For more details, visit https://www.zenatech.com/.
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