ZenaTech Shares Rise as Work Begins on Long-Range Military Drone

Dow Jones

Jan 15, 2025

By Stephen Nakrosis

Shares of ZenaTech rose after the drone maker said it has begun work on a longer-range, gas-powered version of its ZenaDrone 1000 model for use by the U.S. military and NATO.

In early afternoon trading Tuesday, the company's shares were up 16% at $6.09. The Vancouver, British Columbia, company said analysts estimate the global market for military drones to grow to $47 billion by 2032 from $14 billion now.

ZenaTech said gas-powered drones offer longer flights, higher payload capacities, and greater operational ranges than their battery-powered counterparts, making them well-suited for long-endurance missions such as reconnaissance and border patrol.

Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

January 14, 2025 13:27 ET (18:27 GMT)

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The Vancouver, British Columbia, company said analysts estimate the global market for military drones to grow to $47 billion by 2032 from $14 billion now. \n\n\n  ZenaTech said gas-powered drones offer longer flights, higher payload capacities, and greater operational ranges than their battery-powered counterparts, making them well-suited for long-endurance missions such as reconnaissance and border patrol. \n\n\n \n\n\n  Write to Stephen Nakrosis at stephen.nakrosis@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  January 14, 2025 13:27 ET (18:27 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"productRelease","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}