There’s officially a new drone company on the Nasdaq.
What’s happening:
- Canadian drone company ZenaTech (NASDAQ: ZENA) has officially debuted on the Nasdaq after successfully completing a direct listing
The big idea:
- ZenaTech manufactures drones that have both stable flight and heavy lift capabilities, as well as being able to gather data and provide surveillance
- ZenaTech has also developed purpose built software that connects directly to their drone hardware in order to provide visibility into operations, security and real time monitoring
Why it matters:
- The Federal Aviation Authority just recently granted ZenaTech’s subsidiary ZenaDrone an exemption for visual line-of-sight commercial applications and data collection within the United States of America, which has the potential to unlock new opportunities for leveraging their drone technology into areas such as cargo delivery, land surveying and even search and rescue missions
Going deeper:
- The United States Navy and Air Force are currently using ZenaTech drones as an alternative to helicopter flights for critical medical deliveries that need to remain refrigerated
- ZenaTech’s drones also have applications that could be important for energy and mining companies, due to their ability to surveil rural locations and provide real time data into safety and compliance concerns
The intrigue:
- Drone companies continue to find new disruptive applications, with Google (NASDAQ: GOOG) owned Wing recently launching a notable new partnership with Serve Robotics (NASDAQ: SERV) to have their drones pick up packages from Serve Robotics’s autonomous fleet of delivery robots
