ZenaTech's stock is experiencing an upward movement today, driven by the company's recent announcement regarding its subsidiary, ZenaDrone. The relocation to a new manufacturing facility in Phoenix, Arizona, is a significant development, as it will produce drones for US Defense and NATO, aligning with the "Made in America" initiative. This facility will not only handle manufacturing but also research and development, sales, pilot training, and drone demonstrations. The ZenaDrone 1000, an autonomous AI drone, will be produced here, adhering to National Defense Authorization Act standards. This strategic move is expected to enhance ZenaTech's capabilities in military applications, particularly in border control and surveillance, leveraging Quantum Computing for efficient drone swarm operations.
Additionally, ZenaTech has launched the Sky Traffic project, which integrates Quantum Computing with AI-driven drones for traffic optimization and weather forecasting. This project aims to provide real-time traffic data and improve weather predictions, utilizing Amazon Web Services for computing power. The integration of Quantum Computing is expected to revolutionize data analysis and decision-making processes, offering faster and more accurate solutions. These advancements have likely contributed to positive investor sentiment, as they position ZenaTech at the forefront of technological innovation in the defense and public safety sectors.
ZenaTech, Inc. (ZENA) is currently trading at $6.43, up 7.22% from the previous close of $6.00. Despite being just 15 minutes into the trading day, the stock has already seen a volume of 268,391 shares, which is 3.98% of its average daily volume of 6,749,923 shares, indicating a moderate level of trading activity this morning.