ZenaTech Signes LOI to Acquire a Fifth Land Survey Company; Focused on Assisting Border Patrol and Law Enforcement to Control Illegal Immigration
Feb 04, 2025 - financialpost.com
ZenaTech, Inc., a technology company specializing in AI drones and Drone as a Service (DaaS), has signed a Letter of Intent to acquire a fifth land survey engineering company in Southeast Florida. This acquisition aims to enhance ZenaTech's national DaaS business by providing AI drones equipped with advanced sensors and LiDAR technology for business and government applications. The company plans to use these drones to assist border patrol and law enforcement in controlling illegal immigration, which has been a significant financial burden for Florida taxpayers. The DaaS model allows clients to access drone services on a pay-as-you-go basis, offering cost-effective solutions for various industries, including agriculture, defense, and logistics.
ZenaTech's CEO, Shaun Passley, emphasizes the potential of drones to improve border security by providing real-time aerial surveillance, reducing reliance on costly manned patrols, and enhancing search and rescue operations. The company's strategy involves acquiring established land survey firms to expand its operations geographically and offer multifunctional drone solutions for specific needs. ZenaTech operates globally, with offices in North America, Europe, Taiwan, and the UAE, and continues to grow its DaaS business model and partner network.
Key takeaways:
ZenaTech has signed a Letter of Intent to acquire a fifth land survey engineering company in Southeast Florida, expanding its Drone as a Service business.
The acquisition aims to enhance border patrol and law enforcement efforts in Florida, addressing illegal immigration with AI-powered drones.
ZenaTech's DaaS model allows businesses and governments to access drone technology for various applications on a pay-as-you-go basis, improving efficiency and reducing costs.
The company focuses on acquiring established land survey firms to integrate drone technology for faster and more accurate surveying processes.
