24/7 Market News Snapshot 19 December, 2024 – ZenaTech, Inc. Common Stock (NASDAQ:ZENA)

December 19, 2024

DENVER, Colo., 19 December, 2024 (247marketnews.com) – (NASDAQ:ZENA) are discussed in this article.
ZenaTech, Inc. has experienced a remarkable trading session, with shares opening at $6.682 and soaring to $7.614, representing a staggering increase of approximately 26.9%. This surge follows a previous session close at $6.00, igniting strong investor enthusiasm reflected in a current trading volume of 1.27 million shares. This bullish sentiment surrounding ZenaTech signals potential for continued upward momentum, capturing the interest of savvy investors keen on leveraging dynamic market movements.

In addition to its dynamic trading activity, ZenaTech is making significant strides in its growth strategy by announcing the opening of a cutting-edge manufacturing facility for its subsidiary, ZenaDrone. This transition from a sales office to a comprehensive manufacturing hub encompasses research and development (R&D) and training capabilities, enhancing ZenaTech’s position in the defense solutions sector. The new facility, strategically located, is set to produce the ZenaDrone 1000, an advanced multifunctional autonomous AI drone specifically designed for the U.S. military and NATO forces.

ZenaDrone’s commitment to meeting the stringent requirements of the National Defense Administration Act (NDAA) positions it as a key player in the Blue UAS program, adhering to vital cybersecurity and sourcing regulations. Dr. Shaun Passley, CEO of ZenaTech, emphasized the importance of this expansion for driving the company’s development strategy, focusing on AI and Quantum Computing to pioneer new drone swarm technologies.

As ZenaTech advances its innovative Sky Traffic initiative, the R&D efforts at this facility will explore diverse applications, tackling challenges in traffic management and wildfires. With the global military drone market exponentially projected to rise from $14 billion in 2023 to $47 billion by 2032, ZenaTech is strategically positioned to redefine operational efficiencies, cementing its role as a leader in technological advancements for a safer and smarter world.

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