ZenaTech (NASDAQ: ZENA) has announced that its Drone as a Service (DaaS) business has entered the solar surveying market with two contract awards totaling more than $110,000 for school campus and municipal solar projects. The contracts involve surveying school parking lots for planned solar canopy installations, with field data collection completed at six school sites. This move is significant because it marks ZenaTech's expansion into the renewable energy sector, leveraging its drone technology to support solar infrastructure development. The company expects a third project valued at approximately $60,000 to be awarded within 90 days, and management anticipates the client could generate approximately $150,000 in quarterly revenue, or $600,000 over the next 12 months. Such recurring revenue potential underscores the scalability of ZenaTech's DaaS model and its ability to capture long-term value in the growing solar market.
ZenaTech is also conducting a proof of concept comparing drone-based surveying with traditional static LiDAR scanning to evaluate potential improvements in coverage and efficiency. This is important because it could demonstrate the superiority of drone technology over conventional methods, potentially leading to wider adoption and cost savings in the industry. The company plans to expand its solar infrastructure services beyond initial site surveys to recurring drone-based inspections and panel cleaning, using its IQ Square outdoor inspection and maintenance drone. By offering a full suite of services, ZenaTech aims to establish itself as a key player in the solar operations and maintenance market, which is essential for the efficient functioning of solar installations.
Its approach combines licensed surveying expertise, drone data collection and artificial intelligence (AI) processing, with formal testing of its proprietary AI software suite across the DaaS network planned for 2027. This integration of AI and drone technology positions ZenaTech at the forefront of innovation, potentially enabling predictive maintenance and enhanced data analytics for solar projects. ZenaTech currently operates a global DaaS network spanning almost 45 locations across 14 U.S. states, Canada, Europe, the United Arab Emirates and Australia. The expansion into solar surveying not only diversifies ZenaTech's revenue streams but also aligns with global efforts to transition to clean energy. As solar energy adoption continues to rise, the demand for efficient surveying and maintenance services is expected to grow, providing ZenaTech with a substantial market opportunity.
For investors, this announcement signals ZenaTech's proactive approach to capturing emerging opportunities in the renewable energy sector. The company's ability to secure contracts and generate recurring revenue could enhance its financial performance and stock value. As reported by DefenseWireNews, a platform within the Dynamic Brand Portfolio at IBN, ZenaTech's move is part of a broader trend of technology companies entering the renewable energy space. The full press release can be viewed at https://ibn.fm/PFKby, and more information about ZenaTech is available at https://www.zenatech.com/. As ZenaTech continues to innovate and expand its DaaS network, its entry into solar surveying could serve as a catalyst for further growth in the renewable energy sector.
