ZenaTech, Inc. announced it has signed a Letter of Intent (LOI) to acquire an eighth land survey engineering company, marking the second LOI located in Arizona. This acquisition will serve as a launchpad for further Southwest regional development.
This move contributes to the company’s national Drone-as-a-Service (DaaS) business model, which aims to deliver the speed and precision of ZenaDrone’s AI drone solutions through a convenient subscription or pay-per-use model. CEO Shaun Passley, Ph.D., highlighted Arizona as strategic for US operations, serving as the base for ZenaDrone’s second drone manufacturing facility.
ZenaTech's vision for DaaS is to capture a portion of the drone survey market, which is growing by double-digits and is expected to reach $2.5 billion by 2033. Land surveys represent 53% of this market, with significant adoption in real estate, urban planning, environmental applications, and infrastructure projects.
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