ZenaTech (NAS DAQ: ZENA) $1 Million in New Utility Contracts- Potential $2.5 Million Follow-On Opportunity Puts Its Drone Business in the Spotlight!
Delhi Scan/10350150

VANCOUVER, British Columbia - DelhiScan -- ZenaTech, Inc. (N A S D A Q: ZENA) $ZENA has delivered another exciting development for investors, announcing on November 4 that its Drone as a Service (DaaS) division has secured multiple land-surveying contracts valued at nearly US$1 million for a U.S.-based utility company's solar infrastructure construction project. Even more intriguing, management estimates that the project could generate up to US$2.5 million in additional revenue over the next two years, subject to successful execution and additional contract awards.

This is precisely the type of commercial development investors want to see from an expanding technology company: established customers, meaningful contract awards, opportunities for follow-on business and the potential to expand services as major infrastructure projects progress.

The contracts involve drone-based topographic surveying supporting what is expected to be a multi-year, multi-billion-dollar electrical grid upgrade. Beyond the initial assignments, ZenaTech sees opportunities for additional surveying throughout construction and potentially drone-based solar infrastructure inspections and maintenance once construction is completed.

Importantly, the initial contracts are signed awards. The additional US$2.5 million represents a management estimate of potential follow-on surveying revenue, not guaranteed contract revenue. The separate inspection and maintenance opportunity is also not included in that estimate.

The bigger story? ZenaTech is demonstrating how its growing acquisition network can translate into meaningful commercial opportunities in major infrastructure markets.

A Major Commercial Win for Drone as a Service

The November 4 announcement represents an important validation opportunity for ZenaTech's acquisition-led DaaS strategy.

The company has been assembling established surveying and inspection businesses, building a network of professional teams, customer relationships and operating locations. The strategy is to introduce drone technology, automation and proprietary AI processing into these businesses to increase productivity and expand their ability to compete for larger projects.

The new utility contracts demonstrate how that network can pursue significant infrastructure assignments.

Solar construction and electrical grid modernization represent attractive markets for drone-based surveying. Large projects require accurate topographic information, construction planning and ongoing site measurements. Drone technology can help collect extensive aerial data while reducing the time and resources traditionally required for certain surveying activities.

And ZenaTech wants to participate beyond the initial survey.

Once construction advances, the company sees additional opportunities for surveying assignments, followed by potential inspection and maintenance work after completion. This creates the possibility of a longer customer relationship and additional service opportunities.

The Margin Opportunity: Targeting 40%–60%

One of the most interesting details in yesterday's announcement is management's discussion of profitability.

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ZenaTech is targeting profit margins of approximately 40%–60%, compared with approximately 20% at the time of acquisition, through the integration of drones and proprietary AI data-processing software.

This is an important part of the company's long-term strategy.

The objective is to use drones to capture survey data more efficiently and AI software to automate portions of the processing that traditionally require substantial manual effort.

If successfully implemented, the same surveying crews could potentially complete more projects, improve turnaround times and increase revenue capacity without requiring a proportional increase in labor.

The company's proprietary AI software suite is being developed to automate LiDAR point-cloud classification, feature extraction, terrain modeling and other surveying workflows. Formal testing across its DaaS network is planned for 2027.

These margin objectives are targets, not achieved results, but they provide investors with an important indication of the operational improvements management is pursuing.

31 Acquisitions and a Growing International Network

The latest contract news arrives just days after another major company milestone.

On October 29, ZenaTech announced the completion of its 30th and 31st DaaS acquisitions, adding Australian businesses Byrne Consultants and Hopkins Consultants to its expanding international network.

These acquisitions further strengthen its surveying, civil engineering and town-planning capabilities while expanding its geographic reach.

With 31 completed DaaS acquisitions, ZenaTech is building a substantial operating platform that can pursue opportunities across multiple industries and regions.

Its acquisition strategy is about more than adding revenue. The company wants to modernize traditional businesses with autonomous drones, digital data collection and AI-powered processing.

The newly announced utility contracts provide a timely example of how this strategy can create opportunities beyond the traditional customer base of an individual surveying business.

Financial Growth: The Numbers Are Getting Attention

ZenaTech's commercial expansion is supported by substantial reported revenue growth.

During the first half of 2026, the company generated C$17.73 million in revenue, representing approximately 425% year-over-year growth. Second-quarter revenue reached C$9.33 million, up approximately 316% compared with the same period in 2025.

Management subsequently provided preliminary third-quarter revenue estimates of C$13.4 million to C$14.8 million.

That represents potential sequential growth of approximately 44%–59% compared with the second quarter.

Additional highlights include:

• 425% reported first-half year-over-year revenue growth.
• 316% reported second-quarter year-over-year revenue growth.
• 31 completed DaaS acquisitions.
• Nearly US$1 million in newly signed solar construction surveying contracts.
• Up to US$2.5 million in potential additional surveying revenue from the utility project.
• A management target of potential adjusted EBITDA breakeven in 2027.

The third-quarter figures are preliminary and unaudited, and the company still needs to demonstrate that its expanding revenue base can translate into sustainable profitability.

Beyond Surveying: AI Drones, Defense and Enterprise Software

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ZenaTech's broader investment story extends well beyond DaaS.

Through its ZenaDrone subsidiary, the company is developing autonomous drone platforms for commercial, industrial and defense applications.

Its portfolio includes the ZenaDrone 1000 for specialized cargo and intelligence, surveillance and reconnaissance applications, IQ Nano for indoor inventory and security, IQ Square for outdoor inspections, IQ Quad for surveying and IQ Octo for agricultural applications.

The company is also advancing defense-related technologies, including counter-drone systems, maritime applications and navigation technologies designed for GPS-denied environments.

Its selection for Canada's Defence Drone Initiative Marketplace provides another avenue for pursuing government and defense opportunities, although qualification does not guarantee procurement contracts.

Meanwhile, its enterprise SaaS division includes software businesses serving multiple industries, with the Zoo Office platform representing its broader ambition to bring AI-powered productivity and workflow automation together.

ZenaWorx, its drone-based construction intelligence platform, also positions the company to pursue opportunities in the rapidly expanding AI data center construction market.

These complementary divisions give ZenaTech exposure to several developing technology markets rather than relying exclusively on one product or service.

The Investor Outlook: A Commercial Growth Story Gaining Momentum

Yesterday's nearly US$1 million contract announcement is an important addition to ZenaTech's growing list of accomplishments.

It demonstrates the potential for the company's DaaS network to secure larger infrastructure assignments, develop longer-term customer relationships and pursue additional revenue opportunities.

The potential US$2.5 million in follow-on surveying work, separate inspection opportunities, targeted margin improvements and expanding AI capabilities make this particularly interesting.

Investors will be watching closely as ZenaTech works to convert its expanding operating network into higher-value commercial contracts and improved financial performance.

As with any emerging technology company, execution, financing, competition, acquisition integration and customer adoption remain important considerations. Follow-on awards and management's margin targets are not guaranteed.

The bottom line: ZenaTech is building momentum on multiple fronts. With 31 DaaS acquisitions, substantial reported revenue growth, expanding AI and autonomous drone capabilities, and now nearly US$1 million in newly secured utility contracts with up to US$2.5 million in potential additional surveying revenue, the company is demonstrating how its broader technology platform can pursue meaningful opportunities in major commercial markets.

For investors following the rapidly developing AI drone and infrastructure automation industries, ZenaTech's latest contract could prove to be another important milestone in the company's growth journey.

ZenaTech isn't just building drones. It's building a growing commercial platform designed to put autonomous technology to work across some of the world's most important industries.

For more information on $ZENA visit:  www.zenatech.com AND https://www.zenatech.com/wp-content/uploads/2026/10/ZenaTech-Investor-Presentation-October-2026.pdf

Media Contact:
Company: ZenaTech, Inc. (N A S D A Q: ZENA)
Contact:  Linda Montgomery or Michael Mason, CORE IR
Email: investors@zenatech.com
Phone: 312-241-1415
Country: Canada
Website: www.zenatech.com

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