ZenaTech Acquires Florida Power Washing Company to Expand Drone Services Market
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 13 2026
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Source: Globenewswire
- Market Expansion: ZenaTech has signed an agreement to acquire a Florida-based power washing company with a 15-year history, aiming to enhance service efficiency through drone technology, which is expected to increase the company's market share in a sector growing at an annual rate of 17%.
- Technological Innovation: By replacing traditional scaffolding and lift equipment with drones, ZenaTech's cleaning services will become safer, faster, and more cost-effective, thereby improving customer satisfaction and enhancing competitive positioning in the market.
- Revenue Growth Potential: ZenaTech's Drone as a Service platform offers on-demand or subscription-based cleaning services to commercial and government clients, and the acquisition of existing low-tech companies is anticipated to further expand its global multi-service network.
- Industry Outlook: The global drone cleaning market was valued at approximately $4.36 billion in 2023 and is projected to reach $13.2 billion by 2030, growing at a compound annual growth rate of nearly 17%, providing a strong market foundation for ZenaTech's business growth.
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Analyst Views on ZENA
Wall Street analysts forecast ZENA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ZENA is 7.00 USD with a low forecast of 7.00 USD and a high forecast of 7.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
1 Buy
0 Hold
0 Sell
Moderate Buy
Current: 4.050
Low
7.00
Averages
7.00
High
7.00
Current: 4.050
Low
7.00
Averages
7.00
High
7.00
About ZENA
ZenaTech, Inc. is a technology company specializing in artificial intelligence (AI) drones, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions for mission-critical business applications. It operates in software development technology, sales, and distribution, and drone manufacturing, sales, and distribution. Its software products are operated through ZenaTech, PacePlus, SystemView, ZigVoice, WorkAware, TillerStack and PsPortals while it pursues its drone business through ZenaDrone. Its drone technology solutions include ZenaDrone 1000, IQ Nano and IQ Square. The ZenaDrone 1000 is a drone that combines software technology and custom hardware components. ZenaDrone 1000 is used for video surveillance and inspections within industries, such as utilities, pipelines, construction, agriculture, wildlife management and large structure maintenance. The ZenaDrone IQ series is designed for indoor hovering with autonomous inspection and monitoring capabilities.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
International Drone Market Enters Growth Phase
- Market Growth Forecast: The global drone market is projected to grow from $44.3 billion in 2025 to $53.45 billion in 2026, with expectations to exceed $111 billion by 2030, reflecting strong momentum driven by technological advancements and broader adoption across sectors.
- Manufacturing Capability Enhancement: ZenaTech's Taiwan-based Spider Vision Sensors facility is being configured for National Defense Authorization Act-compliant production lines, which is expected to enhance supply chain resilience and meet increasing market demand, solidifying the company's leadership in the U.S. market.
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ZenaTech Advances Quantum Computing Hardware Platform, Prototype Expected by 2026
- Quantum Market Growth: According to MarketsAndMarkets, the quantum computing market is projected to grow from $3.52 billion in 2025 to $20.20 billion by 2030, with a CAGR of 41.8%, highlighting significant potential and investment opportunities in this sector.
- ZenaTech Prototype Progress: ZenaTech is developing a proprietary quantum computing hardware platform, with a five-qubit prototype expected to be completed in 2026, which will provide robust support for U.S. defense and security applications, enhancing data processing and real-time decision-making capabilities.
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- Defense Application Prospects: Advances in quantum computing are set to significantly improve the speed, precision, and autonomy of drones, enhancing capabilities for defense ISR missions and meeting modern military demands for rapid and accurate intelligence.
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