ZenaTech Inc. (NASDAQ: ZENA)

ZenaTech Inc. (NASDAQ: ZENA) is a technology company developing AI-autonomous drone platforms and services for commercial, government, and defense customers. Its portfolio combines aerial technology with enterprise software to help organizations improve mission-critical operations through automation, precision, and more useful operational data.

The company’s approach to its drone services business brings hardware, software, and service delivery together, allowing customers to access technology-enabled capabilities without building and maintaining those resources themselves. Through acquisitions and internal development, ZenaTech is working to modernize established service industries and build recurring customer relationships.

The company plans to sell to defense organizations with a portfolio of products currently at the various stages of prototype, testing or customer trials, also the company is currently undergoing certification for procurement list inclusion. This includes inventory management solutions to counter UAS interceptor drone platforms.

ZenaTech’s broader vision centers on applying its software expertise and growing autonomous technology capabilities to improve speed, productivity, safety and cost efficiency. Its operations span North America, Europe, the Middle East, Asia, and Australia.

The parent company is headquartered in Vancouver, British Columbia and its major subsidiaries ZenaDrone and Drone as a Service are based in the U.S.

Products and Services

Drone as a Service

ZenaTech’s Drone as a Service (DaaS) platform provides business and government customers with drone piloting, data capture, and data processing through subscription and usage-based arrangements. Applications include land surveying, infrastructure inspections, power washing, precision agriculture, and construction progress monitoring, without requiring customers to purchase aircraft, maintain fleets, or train pilots.

The company is expanding the platform by acquiring established surveying, engineering, and other field-service businesses with existing customers and licensed professionals. Its integration strategy introduces drones, centralized processing, software, and AI analytics to reduce manual work, increase capacity, and expand services at each location. By late October 2026, ZenaTech had completed its 31st DaaS acquisition, and its network comprised nearly 45 locations by November 2026. Its proprietary AI survey-processing software is designed to reduce post-processing workflows by as much as 80%, with formal network testing planned for 2027.

Recent contract activity includes nearly $1 million in initial solar construction survey awards for a U.S. utility and approximately $503,000 in contract revenue across eight current and recently completed transportation infrastructure projects. Management identified up to $2.5 million in potential additional surveying revenue from the utility project over two years, contingent on successful execution and further awards.

ZenaDrone

ZenaDrone, the company’s drone development and manufacturing subsidiary, develops platforms for commercial, government, and defense applications. Its manufacturing strategy combines production in the UAE, component manufacturing through Spider Vision Sensors in Taiwan, and the commissioning of Arizona manufacturing capabilities for U.S. domestic and military applications. The company has completed paid trials with the U.S. Air Force and Navy and is pursuing Blue UAS certification for several platforms.

• ZenaDrone 1000: A multifunction platform for surveillance, reconnaissance, specialized cargo, border patrol, and precision agriculture applications.
• IQ Nano: A compact platform for indoor inventory management, security, surveillance, and facility inspections.
• IQ Square: An outdoor platform for inspections, maintenance, urban planning, and public works.
• IQ Quad: A surveying and mapping platform for construction, land surveying, urban planning, and public works.
• IQ Aqua: An underwater platform for surveillance, mine detection, and port and harbor threat detection, which the company reported had entered U.S. field testing.
• IQ Octo: Precision agriculture drone for spraying, seeding and spreading and other applications to improve yield management for producers.

The company’s defense development pipeline includes the Interceptor P-1, a low-cost, one-way autonomous drone designed to intercept hostile aircraft; the ZenaDrone 2000, a heavy-lift platform designed for extended surveillance and counter-drone operations; and the IQ Glider, an autonomous maritime launch and refueling station. The P-1 has entered flight testing, while ZenaDrone 2000 flight testing is expected to begin in the first quarter of 2027.

Enterprise Software and Construction Intelligence

ZenaTech’s enterprise software business provides branded cloud solutions to government and commercial customers through multi-year contracts. The company is developing Zoo Office, a planned AI-powered enterprise productivity platform intended to incorporate its 13 existing software brands alongside new applications that automate repetitive workflows, execute tasks, and support organizational decision-making.

ZenaTech has also expanded ZenaWorx, its virtual design and construction progress-monitoring solution, with digital terrain-modeling capabilities. The company has signed its first paying customer in the AI data center construction market, connecting its enterprise software capabilities with its Drone as a Service operations.

Market Opportunity

According to market research referenced in company materials, the global drone services market totaled approximately $32.1 billion in 2025 and is projected to reach $261.3 billion by 2034, with forecast compound annual growth of approximately 25.5% during 2026–2034. North America represented approximately $11.1 billion, or 34.6%, of the global market in 2025, making it the largest regional market.

Surveillance and inspection accounted for approximately 34% of drone services applications, while agriculture represented approximately 24% of end use. These markets align with ZenaTech’s DaaS offerings across surveying, infrastructure inspections, construction monitoring, and precision agriculture.

The global military drone market is projected to reach $88 billion by 2030, compared with $36.14 billion in 2023, reflecting forecast compound annual growth of 13.8% during 2024–2030. ZenaTech is pursuing this opportunity through drone platform development, certification work, manufacturing capabilities, and government customer engagement.

Leadership Team

Shaun Passley, PhD, Chairman and Chief Executive Officer, founded ZenaTech and brings more than 25 years of software industry experience, including over a decade leading public companies. He holds a PhD in business management and an MBA from Benedictine University, an LL.M. and a master’s degree in product design from Northwestern University, and a master’s degree in information technology from DePaul University.

James Sherman, CPA, Chief Financial Officer, brings 30 years of experience as a certified public accountant and graduated with honors from Northern Illinois University. His background includes treasury responsibilities at a $3.5 billion Sprint division, where he led a $50 million cost-saving initiative, and CFO roles at a national transportation and distribution company and a $250 million division of Mitsubishi Corporation.

Sajjad Asif, Chief Technology Officer, brings 18 years of experience in software and drone technologies, including leadership positions across the ZenaTech group and CTO and senior technical roles at European technology companies. His work focuses on ZenaDrone solutions and integration. He holds a master’s degree in software engineering from Blekinge Tekniska Högskola, an MBA from AIOU, and a bachelor’s degree in computer science from PUCIT.