ZenaTech's Stock Soars After Quantum Computing Project Update: Retail Turns Buoyant

Shares of ZenaTech Inc. (ZENA) surged over 13% on Tuesday after the company announced advancements in its "Clear Sky" project.

The project seeks to improve regional weather prediction by combining autonomous drone swarms powered by artificial intelligence with quantum computing. 

A beta version is expected to launch in the near future, focusing on more accurate forecasting of severe weather conditions for commercial and government use.

The company specializes in AI-driven drones, Drone-as-a-Service (DaaS), enterprise SaaS, and quantum computing solutions.

Zena said its "Clear Sky" initiative utilizes AI-driven drone swarms to gather real-time meteorological data from multiple atmospheric levels. 

Outfitted with improved sensors, these drones capture key environmental metrics, including wind velocity, barometric pressure, temperature, and humidity, even in difficult-to-access or hazardous areas such as severe weather zones or isolated locations. 

This information is fed directly into forecasting systems, boosting both the detail and accuracy of predictions, especially for swiftly changing events like tornadoes or intense storms. 

By incorporating quantum computing, the system can process and interpret vast datasets quickly, enabling more accurate and prompt weather insights.

Zena intends to expand its quantum computing division by 50%, bringing on board at least ten additional expert engineers within the next couple of months. 

This team expansion is designed to speed up both the beta launch of the project and the progress of other ongoing quantum computing ventures. 

On Stocktwits, retail sentiment around ZenaTech improved to ‘extremely bullish’ from ‘bullish’ the previous day.

A Stocktwits user said drone companies barely make it out of hyped penny stock status and wondered if Zena will be different.

ZenaTech stock has declined over 63% year-to-date and 67% in the last 12 months.

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