ZenaTech (ZENA) said Tuesday it signed a letter of intent to acquire a workforce scheduling software company to develop quantum computing-based products.
Financial terms were not provided.
The company said it plans to integrate quantum computing into its artificial intelligence drone and enterprise Software-as-a-Service products, aiming to support workforce management tasks such as scheduling and resource allocation.
The acquisition is expected to close by the end of January, ZenaTech added.
Shares of ZenaTech were up more than 9% in recent Tuesday premarket activity.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.