ZenaTech, Inc., a technology company specializing in AI (Artificial Intelligence) drone, Drone-as-a-Service (DaaS), enterprise SaaS and Quantum Computing solutions, has officially signed off on a an LOI (Letter of Intent) to acquire a fourth land survey engineering company located in the US Southeast region of Florida.
According to certain reports, the stated location will make it possible for the company’s subsidiary-led ZenaDrone 1000 drones to assist with cleanup after a hurricane. More on that would reveal how its latest land acquisition will bolster ZenaDrone’s DaaS operations across Southeast region where, alongside ZenaDrone 1000, it is going to provide convenient regional customer access to the IQ series of multifunction drones.
Moving on, ZenaDrone plans to produce hundreds of ZenaDrone 1000 drones for the overarching purpose of helping Florida and other hurricane-prone States manage natural disasters, including search and rescue with a drone swarm.
To understand the significance of such a development, we must take into account how, if we entrust the word of Office for Coastal Management, a significant landfalling hurricane can very produce an average damage cost of USD $22.8 billion.
In response, AI-powered drone swarms arrive on the scene with an ability to work collaboratively in real time. This they do by leveraging advanced algorithms to communicate, share data, and coordinate flight paths. All in all, such a mechanism can tread up a long distance to ensure comprehensive coverage of hurricanes and their aftermath in places like Florida, thus saving lives and enhancing emergency response.
Beyond that, the technology in question can dynamically adapt to changing weather conditions, collecting critical data like wind speed, pressure, and temperature. During emergencies in particular, these drones can also bank upon thermal imaging and GPS to locate survivors, deliver supplies, and relay communications to provide rapid support in inaccessible or heavily damaged areas.
Markedly enough, ZenaTech’s Drone as a Service or DaaS business model is specifically designed to empower governments, builders and developers, farmers, oil and gas companies, environmental firms, etc. to utilize a complete drone solution for a specific application i.e. land surveying, crop management, inspection, safety, or compliance application. Aiding the technology’s case even further is the fact you can also purchase it on a pay-as-you-go basis rather than having to buy the entire drone hardware and software solution.
This translates to what would be a cost-effective access of enhanced productivity benefits and AI capabilities, with the benefits being faster speed, improved precision, and complete elimination of outdated or manual processes.
“This LOI for a fourth land survey company acquisition is another step towards our vision to create a national DaaS business, bringing AI drone speed and precision to the innovation of existing verticals and applications. We will target local, state, and federal governmental agencies as our potential customers,” said Shaun Passley, Ph.D., CEO of ZenaTech Inc.
Another detail worth a mention here is rooted in how accurate land surveys are essential for the planning, design, and execution of roads, bridges, and building projects for cities, commercial, and residential projects, and are also required for legal purposes. As a result ZenaTech’s focus, as of late, has been on acquiring established land survey engineering firms with an overseeing licensed Surveyor-in-Charge, which is a a valuable designation that takes years to achieve.
Thus far, the company has acquired two companies this month. Having said so, it is already engaged in talks with 25 more of such organizations.
Among other things, we must also mention how the given development builds upon US’ Surveying and Mapping Services industry, which is currently valued at $10.3 billion by Business Research Insights.
“In addition, we will include Florida as part of our Sky Traffic project where we plan to utilize AI drone swarms and quantum computing algorithms to process vast amounts of real-time, drone-collected data, enabling faster and more optimized response and damage assessments. We are in the process of hiring additional Ph.D.’s in physics and quantum computing as we build out our Sky Traffic project team,” said Passley.
