24/7 Market News Snapshot 21 November, 2024 – ZenaTech, Inc. Common Stock (NASDAQ:ZENA)

November 21, 2024

DENVER, Colo., 21 November, 2024 (247marketnews.com) – (Nasdaq:ZENA) are discussed in this article.
ZenaTech, Inc. (Nasdaq:ZENA) is witnessing a notable surge in its stock performance, with pre-market trading reflecting a price increase of approximately 10.86% to $1.685, up from the previous close of $1.520. This uptick has garnered considerable investor interest, backed by a robust trading volume of 1.16 million shares, indicating strong market momentum. Positive sentiment appears to be linked to the recent announcement of significant partnership agreements that position the company favorably within the defense sector.

These strategic partnerships will enable ZenaTech to market its advanced ZenaDrone 1000 AI drone solutions to key defense branches, including the US Defense and NATO forces. The company’s recent participation in a trade mission has highlighted its commitment to meeting National Defense Authorization Act (NDAA) standards, which are crucial for entry into government contracts and compliance with stringent cybersecurity regulations.

With all electrical components of the ZenaDrone now NDAA compliant, ZenaTech is on track to enhance its market presence significantly. CEO Shaun Passley, Ph.D., emphasized that these developments are crucial for establishing the company’s foothold in the defense marketplace. Moving forward, ZenaTech aims to progress through the Green UAS list process, projected to further strengthen its engagement with military organizations.

The company’s ongoing success includes previously conducted paid trials with the US Air Force and the US Naval Research, demonstrating the capabilities of their drones in delivering critical supplies during operational challenges. As ZenaTech plans future demonstrations, it affirms its commitment to innovating across various sectors, including agriculture and logistics, thereby solidifying its impact in the rapidly evolving technology landscape.

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