Has my stock been accused of fraud?Join over 160k users who know.

Ticker Price Change($) Change(%) Shares Volume Prev Close Open Gain($) Gain(%)
Ticker Status Jurisdiction Filing Date CP Start CP End CP Loss Deadline
Ticker Case Name Status CP Start CP End Deadline Settlement Amt
Ticker Name Date Analyst Firm Up/Down Target ($) Rating Change Rating Current

News

Zenatech Expands Its Drone Manufacturing Operations In Sharjah, UAE, Adding 12K Sq. Ft. For Manufacturing And R&D And 3K Sq. Ft. For Drone-As-A-Service Operations

Author: Benzinga Newsdesk | November 04, 2025 09:06am

ZenaTech, Inc. (NASDAQ:ZENA) (FSE: 49Q) (BMV:ZENA) ("ZenaTech"), a business technology solution provider specializing in AI-driven drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, announces the expansion of its drone manufacturing operations in Sharjah, UAE, nearby Dubai, enabling space to scale production, R&D work, and Drone as a Service operations. This expansion is a key part of ZenaTech's strategy to meet future demand expected in growing commercial and defense markets. The newly secured space consists of 12,000 sq. ft. which will be dedicated to manufacturing and R&D operations, and 3,000 sq. ft. of space which will be dedicated to Drone as a Service operations. This is in addition to the existing 10,000 sq. ft. manufacturing facility the company currently operates in Sharjah.

"Expanding our manufacturing and R&D footprint as well as adding to our team in Sharjah is a strategic milestone that will further boost our ability to design and deliver innovative drone solutions at scale," said Dr. Shaun Passley, CEO of ZenaTech. "This expansion not only accelerates production capability but also enhances our R&D capabilities to improve technology performance and timelines, ensuring we remain agile and competitive to leverage growing global commercial and defense market opportunities."

The facility includes 12,000 sq. ft. of dedicated R&D area and manufacturing floor space where the company is in the process of commissioning multiple modular assembly lines for structural fabrication, electronics integration, calibration, quality control, and final flight testing for ZenaDrone 1000 and IQ series drones. The R&D work will be focused on new product development and product enhancement work on ZenaDrone drones. Expansion also includes an adjacent 3,000 sq. ft. facility to be dedicated for Drone as a Service operations for secure drone storage, fleet management, and maintenance for the company's Dubai Drone as a Service business. The company also plans to expand its local workforce by 15 to 20 skilled employees in manufacturing, engineering, and operations over the coming months.

ZenaTech's Sharjah facility currently designs and manufactures the following products:

  • ZenaDrone 1000 – A multifunction VTOL platform designed for commercial purposes such as precision agriculture and BVLOS (Beyond Visual Line of Sight) surveillance and inspection. It is also used for defense logistics, border security, and infrastructure support. Key defense uses include intelligence, surveillance, and reconnaissance (ISR), tactical cargo delivery, and field operations such as medical or supply transport.
  • IQ Square – A mid-range, high-endurance drone built for land surveys and outdoor visual like of sight inspection and monitoring. Defense applications include perimeter security, battlefield intelligence, and remote asset monitoring.
  • IQ Nano – An ultra-compact indoor drone optimized for commercial inventory management that reads bar codes on packages and inputs into an ERP database improving safety and speed of inventory audits. It can also be used for security, surveillance, and tactical reconnaissance in GPS-denied environments such as military warehouses, urban infrastructure, and secure facilities.

Posted In: BMV:ZENA ZENA

CLASS ACTION DEADLINES - JOIN NOW!

NEW CASE INVESTIGATION

CORE Finalist