ZenaTech’s Drone as a Service Signs Nearly US$1 Million in Solar Construction Survey Contracts for a U.S. Utility with Potential for US$2.5 Million in Follow-On Revenue
Key Highlights
- ➤Signed solar survey contracts nearly US$1 million for a U.S. utility
- ➤Potential follow-on revenue up to US$2.5 million over two years
- ➤Targeted profit margins 40%–60%, versus approximately 20% at acquisition
- ➤AI software suite testing across the DaaS network planned for 2027
Expert Statements
Shaun Passley, Ph.D., CEO of ZenaTech
“Winning meaningful customer contracts and converting our DaaS network’s capabilities into revenue is our priority. These awards demonstrate how our local surveying teams can secure major infrastructure project work and build relationships with the potential to generate additional revenue over the life of a multi-year construction project, plus maintenance and inspection services potential once construction is finished.”
Shaun Passley, Ph.D., CEO of ZenaTech
“Turning revenue growth into stronger margins is also a focus. By integrating drones and proprietary AI processing, we aim to deliver surveys faster, complete more projects with existing teams reducing field and office work. Our goal is to increase profit margins from approximately 20% at the time of acquisition to a targeted 40%–60%.”
VANCOUVER, British Columbia, Nov. 04, 2026 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) (“ZenaTech” or the “Company”), a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, announces that one of its U.S. Drone as a Service locations has won multiple bids to preform land surveying with an initial aggregate value of nearly US$1 million for a U.S.-based utility company’s solar infrastructure construction project. The contracts cover drone-based topographic surveys supporting what is expected to be a multi-year, multi-billion-dollar electrical grid upgrade. Subject to successful execution and additional contract awards, management estimates that the project could generate up to US$2.5 million in additional revenue over the next two years, with further potential for drone-based solar infrastructure inspection operations following construction completion.
Get started
Create a free account to read the full story.