ZenaTech Acquires Cardinal Civil Resources, a Virginia-Based Land Surveying and Engineering Firm Serving Three States and Large Customers Including US Department of Transportation - Candlesense

ZenaTech Acquires Cardinal Civil Resources, a Virginia-Based Land Surveying and Engineering Firm Serving Three States and Large Customers Including US Department of Transportation

VANCOUVER, British Columbia, Aug. 07, 2025 (GLOBE NEWSWIRE) -- ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a business technology solution provider specializing in AI-powered drones, Drone as a Service (DaaS), Enterprise SaaS, and Quantum Computing solutions, today announces the closing of its eighth and largest Drone as a Service acquisition to date. The Company acquired Cardinal Civil Resources, a land surveying and engineering firm headquartered in Williamsburg, Virginia with operations across Virginia, North Carolina and South Carolina. The acquisition deepens ZenaTech’s DaaS footprint in the Southeast region and portfolio of marquee major customers including the US Department of Transportation (USDOT). The acquisition also comes at a pivotal time for the domestic drone industry, aligning with the recent policy directive, BVLOS (Beyond Visual Line of Sight) proposal introduced by US Transportation Secretary Sean P. Duffy, aimed at expanding the commercial us

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How will the acquisition affect ZenaTech’s valuation multiples (e.g., EV/EBITDA, P/E) compared to peers? Will the addition of the US Department of Transportation as a customer increase ZenaTech's exposure to government contracts and regulatory risk? Will the acquisition result in any dilution of existing shareholders’ equity (e.g., issuance of new shares or convertible securities)? What are the potential regulatory implications of the new BVLOS policy on ZenaTech’s business model and this acquisition? What is the projected impact on ZenaTech’s geographic revenue distribution and market share in Virginia, North Carolina, and South Carolina? What synergies and cost savings are expected from combining ZenaTech’s drone technology with Cardinal’s surveying services? How will the integration of a land surveying and engineering firm complement ZenaTech's AI-powered drone and DaaS offerings? What is the expected timeline for integrating Cardinal’s staff, technology, and client contracts into ZenaTech’s platform? How does the deal align with ZenaTech’s broader strategic roadmap (e.g., quantum computing, SaaS expansion)? Will the acquisition lead to cross-selling opportunities, and how significant are the potential upsell revenues? What is the total purchase price and how does it compare to ZenaTech's market capitalization and recent acquisition multiples? How will the acquisition impact ZenaTech's margins and cash flow in the short term? How will the acquisition of Cardinal Civil Resources affect ZenaTech's revenue and earnings guidance for the next fiscal year? Are there any antitrust or regulatory hurdles that could delay or alter the deal terms? How does this acquisition position ZenaTech against competitors in the DaaS/Drone market, particularly in the Southeast U.S.?