Key Highlights

• ZenaTech's DaaS Subsidiary wins multiple bids worth nearly $1 million for drone-based land surveying for a U.S. utility's solar construction project

• Management estimates potential for up to $2.5 million in additional Revenue over the next two years from the same project

• Company targets profit margins of 40% to 60% through drone integration and proprietary AI data processing software

• The contracts support a multi-year, multi-billion-dollar electrical grid upgrade program

ZenaTech, Inc. (NASDAQ:ZENA), a technology company specializing in AI drone platforms and Drone-as-a-Service (DaaS) solutions, has announced that one of its U.S. DaaS locations has won multiple bids for land surveying work with an initial aggregate value of nearly $1 million. The contracts are for a U.S.-based Utility company's solar infrastructure construction project, covering drone-based topographic surveys supporting what is expected to be a multi-year, multi-billion-dollar electrical grid upgrade.

Contract Details and Revenue Potential

The initial contracts support the utility customer's solar infrastructure construction program and establish a foundation for potential additional survey work during the construction period. Subject to successful execution and additional contract awards, management has estimated that the project could generate up to $2.5 million in additional revenue over the next two years. Post-construction drone-based inspection and maintenance services represent a separate opportunity and are not included in that revenue estimate.

The company noted that the $2.5 million in additional revenue relates to prospective survey work beyond the signed contracts and is contingent on customer requirements, project schedules, successful delivery of the initial assignments, and the award of further work.

How the Technology Works

ZenaTech's approach combines licensed surveying expertise, drone-based data capture, and centralized AI software data processing within a single DaaS network. Drones capture dense topographic measurements across a construction site, while surveyors use ground-based equipment to establish control points and verify accuracy.

The company's proprietary AI software suite is designed to automate the classification of millions of 3D measurements into categories such as ground, vegetation, buildings, and utility lines, and to extract features needed for survey deliverables. Formal testing of the AI software suite across the DaaS network is planned for 2027.

By reducing routine point-by-point field measurements and automating portions of the office processing workflow, the company expects this approach to shorten survey turnaround times, lower labor costs per project, and free existing crews to take on additional assignments.

Margin Expansion Strategy

ZenaTech is targeting profit margins of 40% to 60% through the integration of drones and proprietary AI processing, up from approximately 20% at the time of Acquisition of its surveying businesses. The company's strategy relies on delivering surveys faster and completing more projects with existing teams, thereby reducing both field and office work requirements.

The company is also pursuing a broader series of DaaS customer contract opportunities currently under negotiation across its network, though it cautioned that contracts under negotiation have not been awarded and there is no assurance these discussions will result in signed agreements.

The Broader DaaS Strategy

ZenaTech's Drone-as-a-Service division provides on-demand drone piloting, data capture, and data processing services to commercial, government, and infrastructure customers. The division is being built through an acquisition-led strategy that combines local surveying and inspection providers into a global network, creating what the company describes as a scalable platform for recurring aerial and data services including land surveying, construction monitoring, inspections, and precision agriculture.

The company's operating footprint spans North America, Europe, the Middle East, Asia, and Australia. Beyond commercial services, ZenaTech is also advancing drone applications for defense and government use, including ISR, cargo, and counter-UAS capabilities for U.S. defense and NATO allies.

What It All Means

These initial solar surveying contracts represent a tangible revenue milestone for ZenaTech's acquisition-led DaaS strategy. The potential for follow-on work within a multi-year infrastructure project illustrates the Recurring Revenue model the company is building around its local surveying businesses. Whether the company can scale its AI-driven Margin improvement from target to reality will be a key Factor to watch in 2027.