ZenaTech launches quantum computing project for traffic optimization and weather forecasting using drones

ZenaTech Inc.

TORONTO, December 12, 2024 (GLOBE NEWSWIRE) — ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) (“ZenaTech”), a technology company specializing in AI (artificial intelligence) drone solutions, Drone- as- a-Service (DaaS), quantum computing and Software-as-a-Service (SaaS) enterprise solutions, today announced the launch of a Quantum IT project for traffic optimization and weather forecasting using the company’s drones. The project, called Sky Traffic, was developed following interest from a government customer in using the company’s ZenaDrone 1000 drones to monitor vehicle traffic.

The project will provide real-time traffic data to both the government agency and drivers, with the aim of improving the precision, accuracy and timeliness of information to optimize functions such as traffic flows. traffic and routing, traffic light management, public safety and deployment. government services. This is achieved by accessing larger data sets and more computing power more quickly than current methods. ZenaTech’s Quantum Computing team will use Amazon Web Services (AWS) as the computing platform to manage the project. The company also plans to use Sky Traffic with ZenaDrone 1000 drones in weather radar applications for faster and more accurate weather forecasts.

“The Sky Traffic project is an important and exciting application of our product capabilities and our team’s knowledge in the field of quantum computing. The integration of quantum computing with AI-driven drones will revolutionize the way we analyze and respond to complex data, enabling faster, more accurate decision-making and opening new possibilities in automation, d “efficiency and real-time problem solving,” said CEO Shaun Passley, Ph.D.

Quantum computing is an emerging field of advanced computing that exploits the unique qualities of quantum mechanics to solve problems beyond the capacity of today’s most powerful classical computers, and to process problems and data extremely complex mathematics at much faster speeds.

Drones are used by governments to monitor and improve road traffic by providing real-time aerial monitoring of traffic conditions and identifying traffic jams, accidents and bottlenecks. Equipped with cameras, sensors and GPS, drones can collect data on vehicle flow, allowing authorities to optimize traffic lights, reroute traffic and plan infrastructure improvements and management. emergencies based on real-time information. Quantum computing can increase the speed and accuracy of these applications.

Drones are used in weather forecasting to collect real-time atmospheric data in hard-to-reach areas, such as storm systems or remote regions, providing valuable information for weather models. Quantum computers can then analyze this vast and complex data much faster and more accurately, improving weather forecasting and the ability to predict extreme events like hurricanes or tornadoes.

About ZenaTech

ZenaTech (Nasdaq: ZENA) (FSE: 49Q) is a technology company specializing in AI drones, drones as a service (DaaS), quantum computing and enterprise SaaS solutions for critical business applications. Since 2017, the company has leveraged its software development expertise and expanded its drone design and manufacturing capabilities through ZenaDrone, to innovate and improve inspection, surveillance, safety, security, and compliance processes. and customer field service. With over 100 enterprise software customers using branded solutions in the law enforcement, government and industrial sectors, and drones implemented in these sectors as well as in the agriculture, defense and logistics, ZenaTech’s portfolio of solutions helps drive exceptional operational efficiencies and cost savings. The company operates through seven global offices in North America, Europe, Taiwan and the United Arab Emirates, as well as a growing global partner network.

About ZenaDrone

ZenaDrone, a wholly owned subsidiary of ZenaTech, develops and manufactures autonomous professional drone solutions that can integrate machine learning software, AI, predictive modeling, quantum computing and other software innovations and material. Created to revolutionize the hemp cultivation sector, its specialization has grown into multifunctional drone solutions for industrial surveillance, control, inspection, tracking and process automation applications. Currently, the ZenaDrone 1000 drone is used for crop management applications in agriculture and critical field cargo transportation applications in the defense sector, and the IQ Nano indoor drone is used for management inventory in the warehouse and logistics sectors.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy any securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation or sale would be illegal before recording. or qualification under the securities laws of any such state or jurisdiction.

Contacts for more information:

Business, investors and media:
Linda Montgomery
ZenaTech
312-241-1415
[email protected]

Investors:
Michael Mason
IR HEART
[email protected]

Security port

This press release and related comments from management of ZenaTech, Inc. include “forward-looking statements” within the meaning of the United States federal securities laws and applicable Canadian securities laws. These forward-looking statements are subject to the safe harbor provisions under the Private Securities Litigation Reform Act of 1995. These forward-looking information relate to future events or the future performance of ZenaTech and reflect management’s expectations and projections regarding the future. growth, operating results, performance, as well as business prospects and opportunities. These forward-looking statements reflect management’s current beliefs and are based on information currently available to management. In some cases, forward-looking information can be identified by terms such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “aim”, “seek”, “is/are likely to”, “believe”, “estimate”, “predict”, “potential”, “continue” or the negative of these terms or other comparable terminology intended to identify forward-looking statements. Forward-looking information contained herein includes, but is not limited to, ZenaTech’s expectations regarding its revenues, expenses, production, operations, costs, cash flows and future growth; expectations regarding future costs and production capacity; ZenaTech’s ability to deliver products to the market as currently contemplated, including its drone products, including ZenaDrone 1000 and IQ Nano; ZenaTech’s anticipated cash flow requirements and additional financing requirements; ZenaTech’s intention to grow the business, its operations and execution risk; expectations regarding future operations and costs; volatility in stock prices and market conditions in the industries in which ZenaTech operates; political, economic, environmental, tax, security and other risks associated with doing business in emerging markets; regulatory risks; adverse publicity or consumer perception; difficulty predicting industry trends; the ability to hire key personnel; competitive industry conditions and ZenaTech’s competitive and business strategies; ZenaTech’s expected commercial objectives for the next twelve months; ZenaTech’s ability to obtain additional funds through the sale of equity securities or debt commitments; investment capital and market share; the ability to complete all planned acquisitions; changes in target markets; market uncertainty; the ability to access additional capital, including through the listing of its securities in various jurisdictions; growth management (expansion plans and schedule); patent infringement; dispute; applicable laws, regulations and changes affecting ZenaTech’s business.

Forward-looking statements are based on certain assumptions and analyzes made by ZenaTech’s management in light of its experience and understanding of historical trends and current conditions and other factors that management believes are appropriate to consider, which are subject to risks and uncertainties. Although ZenaTech’s management believes that the assumptions underlying these statements are reasonable, they may prove to be incorrect and actual results may differ materially from the forward-looking information presented. Given the risks and uncertainties underlying the assumptions made, potential purchasers of ZenaTech securities should not place undue reliance on these forward-looking statements.

Furthermore, any forward-looking statement speaks only as of the date on which such statement is made and, except as required by applicable law, ZenaTech undertakes no obligation to update any forward-looking statement to reflect events or circumstances subsequent to the date on which such statement is made or to reflect the occurrence of unforeseen events. New factors emerge from time to time, and it is not possible for management to predict all such factors and assess in advance the impact of each such factor on ZenaTech’s business or the extent to which one factor, or combination of factors, can lead to real consequences. results will differ materially from those contained in any forward-looking statement. Potential investors should read this document with the understanding that ZenaTech’s actual future results may differ materially from those currently anticipated.