Confident Investing Starts Here:
- Quickly and easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks straight to you inbox with TipRanks' Smart Value Newsletter
ZenaTech, Inc. ( (ZENA) ) has provided an update.
On April 24, 2025, ZenaTech announced that its subsidiary, ZenaDrone, received FAA Part 137 approval for commercial agricultural drone operations, enabling the final testing and deployment of the ZenaDrone 1000 for aerial spraying in agriculture. This approval positions ZenaTech to tap into the growing global agricultural drone market, projected to expand from $6 billion in 2024 to $24 billion by 2032. The company plans to utilize its Drone as a Service (DaaS) model to offer precision agriculture solutions, initially in the US, followed by Ireland. This development is expected to enhance ZenaTech’s market positioning by providing efficient, cost-effective, and safer alternatives to traditional agricultural methods, thus benefiting stakeholders including large commercial farms and agribusinesses.
More about ZenaTech, Inc.
ZenaTech, Inc. is a technology company specializing in AI drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions for mission-critical business applications. Since its inception in 2017, the company has expanded its software development expertise and drone design and manufacturing capabilities through its subsidiary ZenaDrone. ZenaTech’s solutions are utilized across various sectors including law enforcement, health, government, industrial, agriculture, defense, and logistics, driving operational efficiencies, accuracy, and cost savings. The company operates through seven global offices in North America, Europe, Taiwan, and the UAE.
Average Trading Volume: 1,169,700
Technical Sentiment Signal: Strong Sell
See more data about ZENA stock on TipRanks’ Stock Analysis page.