ZenaTech's DaaS model provides customers with reduced upfront costs and convenience by eliminating the need to purchase and maintain drones. The company emphasizes the strategic importance of Florida due to its consistent regulations and existing government drone use. The global drone surveying market is expected to grow significantly, driven by demand from various industries, and ZenaTech plans to capitalize on this trend with its advanced drone technology and solutions.
Key takeaways:
- ZenaTech has signed a Letter of Intent to acquire a seventh land survey engineering company in Florida, contributing to its Drone as a Service strategy.
- The acquisition will be the second closed in the Southeast region, serving as a launchpad for further regional development and expansion of ZenaTech's national DaaS business model.
- ZenaTech's DaaS model offers drones on a subscription or pay-per-use basis, providing cost savings and convenience for commercial and government customers without the need to purchase or maintain drones.
- The global drone surveying market is expected to grow significantly, projected to be worth over USD $8 billion by 2030, driven by demand from industries like construction, agriculture, and infrastructure development.