ZenaTech, Inc. is experiencing a surge in its stock price following the announcement of a new Beyond Visual Line of Sight (BVLOS) drone testing facility in Turkey. This strategic move is aimed at accelerating the development of ZenaDrone 1000 models for the US Defense Branches and NATO. The facility, expected to be operational in the first quarter of 2025, will focus on testing defense drone applications, including Intelligence, Surveillance, Reconnaissance, and Targeting (ISRT), as well as logistics and transportation. The establishment of this facility in Turkey, a hub known for defense industry innovation, is seen as a significant step forward for ZenaTech's AI drone swarm solutions and its Drone Command Center hub.
The announcement has likely fueled investor optimism, as the new facility is expected to enhance ZenaTech's capabilities in developing and testing advanced drone technologies. The company's plans to file a patent for its Drone Command Center and its compliance with the National Defense Administration Act (NDAA) further bolster its position in the defense sector. Additionally, ZenaTech's previous successful trials with the US Air Force and US Naval Research, along with its plans to manufacture drones in Phoenix, Arizona, underscore its commitment to expanding its defense applications.
ZenaTech's stock is currently trading at $8.28, marking a 7.67% increase from the previous close of $7.69.