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ZenaTech Announces the Acquisition of Tucson-based Putt Land Surveying Inc., and Acceleration of Drone as a Service (DaaS) Growth in the Phoenix Area and Across Arizona

1. ZenaTech acquires Putt Land Surveying to expand DaaS operations in Arizona. 2. The acquisition marks ZenaTech's eleventh purchase, supporting growth trajectory. 3. Additional staff and a drone manufacturing facility will be established in Phoenix. 4. ZenaTech aims for 25 DaaS locations by Q2 2026, enhancing revenue potential. 5. Partnerships with established firms provide ZenaTech a competitive edge in the market.

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$5.5910/09 08:21 AM EDTEvent Start
$5.51510/09 01:41 PM EDTLatest Updated
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FAQ

Why Bullish?

The acquisition expands ZenaTech's operational capacity and market presence, historically leading to increased revenues. Previous acquisitions have positively influenced their business growth metrics, indicating potential stock appreciation.

How important is it?

The article provides critical insights into ZenaTech’s growth strategy and operational expansion, key elements that affect its market valuation. The momentum from the acquisition can significantly bolster ZENA's standing in a competitive sector.

Why Long Term?

The strategic growth in acquisitions will take time to reflect in stock price. Historical examples show acquisitions contribute to long-term value realization, as integration can enhance operational capabilities.

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VANCOUVER, British Columbia, Oct. 09, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a business technology solution provider specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, today announces the closing of its acquisition of Putt Land Surveying, Inc., a Tucson, Arizona-based land survey firm founded more than 40 years ago, with established clients including the City of Tucson, school districts, and a range of public and private sector clients. This transaction marks the eleventh acquisition for ZenaTech’s DaaS business area, and ushers in the acceleration of the Company’s central and south Arizona operations currently based in Phoenix, and capacity building to serve DaaS clients throughout the state of Arizona. “This acquisition serves as a strategic catalyst to strengthening our Phoenix growth trajectory as we hire additional land survey staff while concurrently focus on establishing our Phoenix-based drone manufacturing facility,” said Shaun Passley, Ph.D., ZenaTech CEO. “Putt Land Surveying brings repeat customers and will help us expand our statewide reach to meet the growing demand for drone-based, multi-industry survey and inspection services via a convenient DaaS business model.” Founded over 40 years ago, Putt Land Surveying, Inc. has a proven history of providing professional surveying services across southern Arizona. The company operates throughout Cochise, Pima, Pinal, and Santa Cruz counties, offering boundary, certified land surveys for commercial transactions, topographic, design, and construction staking surveys, along with FEMA (Federal Emergency Management Agency) elevation certificates. Building on the momentum of the Tucson acquisition the Company is expanding DaaS capacity. A Registered Land Surveyor was recently hired in Phoenix and additional surveying, operations, and field support personnel are being recruited. Currently ZenaTech has completed eleven US acquisitions toward its goal of acquiring and establishing 25 DaaS locations by the end of Q2, 2026. The company’s DaaS model provides business and government customers with a flexible and convenient on-demand pay-per-use or regular subscription access to drone-based services for a variety of surveying, inspection, maintenance, power washing, indoor inventory management, and precision agriculture services. The model eliminates the need to invest in capital costs, pilots, maintenance, and certifications to benefit from the considerable speed, precision, and safety advantages of drones. The company is acquiring established and profitable old-tech service businesses ripe for drone innovation to advance its global vision for a multiservice and multilocation drone business anchored by existing customers and recurring revenue. About ZenaTech ZenaTech (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) is a technology solutions company specializing in AI drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing for mission-critical business and government applications. Since 2017, the Company has leveraged its software development expertise and grown its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve customer inspection, monitoring, safety, security, compliance, and surveying processes. With enterprise software customers using branded solutions in law enforcement, government, business and industrial sectors, and drones being implemented in these plus agriculture, defense, land survey, and logistics sectors, ZenaTech’s portfolio of solutions helps drive exceptional operational efficiencies, precision, and cost savings. The Company operates through global offices in North America, Europe, Taiwan, and UAE, and is growing its US DaaS business and network of locations through acquisitions. About ZenaDrone ZenaDrone, a wholly owned subsidiary of ZenaTech, develops and manufactures drone solutions for business and government, which can incorporate machine learning software, AI, predictive modeling, Quantum Computing, and other software and hardware innovations. Created to revolutionize the hemp farming sector, its specialization has grown to multifunctional AI drone solutions for industrial surveillance, monitoring, inspection, process automation, and defense applications. Currently, the ZenaDrone 1000 drone is used for crop management applications in agriculture and critical field cargo applications in the defense sector, the IQ Nano indoor drone is used for inventory management and security in the warehouse and logistics sectors, and the IQ Square is an outdoor drone designed for land surveys and inspections use in commercial and defense sectors. Contacts for more information: Company, Investors, and Media: Linda Montgomery ZenaTech 312-241-1415 investors@zenatech.com Investors: Michael Mason CORE IR investors@zenatech.com Safe Harbor This press release and related comments by management of ZenaTech, Inc. include “forward-looking statements” within the meaning of U.S. federal securities laws and applicable Canadian securities laws. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. This forward-looking information relates to future events or future performance of ZenaTech and reflects management’s expectations and projections regarding ZenaTech’s growth, results of operations, performance, and business prospects and opportunities. Such forward-looking statements reflect management’s current beliefs and are based on information currently available to management. In some cases, forward-looking information can be identified by terminology such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “aim”, “seek”, “is/are likely to”, “believe”, “estimate”, “predict”, “potential”, “continue” or the negative of these terms or other comparable terminology intended to identify forward-looking statements.  Forward-looking information in this document includes, but is not limited to ZenaTech’s expectations regarding its revenue, expenses, production, operations, costs, cash flows, and future growth; expectations with respect to future production costs and capacity; ZenaTech's ability to deliver products to the market as currently contemplated, including its drone products including ZenaDrone 1000 and IQ Nano; ZenaTech’s anticipated cash needs and it’s needs for additional financing; ZenaTech’s intention to grow the business and its operations and execution risk; expectations with respect to future operations and costs; the volatility of stock prices and market conditions in the industries in which ZenaTech operates; political, economic, environmental, tax, security, and other risks associated with operating in emerging markets; regulatory risks; unfavorable publicity or consumer perception; difficulty in forecasting industry trends; the ability to hire key personnel; the competitive conditions of the industry and the competitive and business strategies of ZenaTech; ZenaTech’s expected business objectives for the next twelve months; ZenaTech’s ability to obtain additional funds through the sale of equity or debt commitments; investment capital and market share; the ability to complete any contemplated acquisitions; changes in the target markets; market uncertainty; ability to access additional capital, including through the listing of its securities in various jurisdictions; management of growth (plans and timing for expansion); patent infringement; litigation; applicable laws, regulations, and any amendments affecting the business of ZenaTech.

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