ZENA Stock Gained In Pre-Market Today – What Is The New DaaS Deal About?

• The surveying firm provides commercial, industrial, and aviation infrastructure services across the Washington, D.C. area.
• ZenaTech plans to expand its drone-driven services to federal agencies, using the target company’s local relationships.
• ZenaTech’s DaaS platform offers clients on-demand or subscription access to drone-based surveying, inspection, maintenance, inventory management, and precision agriculture services.

Shares of ZenaTech (ZENA) rose more than 6% in pre-market trading on Tuesday after the company announced a deal to acquire a Virginia-based land surveying company with a customer base across the Washington, D.C. metro area. 

Once completed, the deal is expected to strengthen ZenaTech’s Drone as a Service (DaaS) footprint in the region. ZenaTech also plans to expand its drone-driven services to federal agencies, using the target company’s local relationships. 

The surveying firm provides commercial, industrial, and aviation infrastructure services across the Washington, D.C. area and integrating ZenaTech’s drone technology will enhance construction monitoring, environmental mapping, and public works management while improving efficiency and data accuracy.

ZenaTech’s DaaS platform offers government and enterprise clients on-demand or subscription access to drone-based surveying, inspection, maintenance, inventory management, and precision agriculture services.

Latest Updates

The deal comes after ZenaTech signed an agreement to acquire a Florida-based power washing company with operations across two states earlier this month. The target company has operations in commercial, government, industrial, and homeowner association sectors, specializing in modern pressure cleaning services for building exteriors, roofs, industrial sites, public spaces, and parking lots.

In January, ZenaTech also launched the IQ Quad, an autonomous VTOL AI drone designed for surveys, targeting construction, real estate, urban planning, and public works clients through the company’s DaaS platform.

The IQ Quad supports advanced sensors, including 4K cameras, LiDAR, multispectral, and thermal imaging. ZenaTech plans to begin on-site testing at select locations before expanding deployment across its U.S. and global markets.

How Did Stocktwits Users React?

Despite the intraday boost, retail sentiment on Stocktwits shifted to ‘neutral’ from ‘bullish’ a day earlier.

One user expects the stock’s price to hit $5 by March. It is currently at $3.3.

ZENA shares have declined more than 25% over the past year.

Read also: Pfizer Reports Positive Weight-Loss Trial Results, Strong Q4 – So Why Is PFE Stock Falling?

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