18 AI News and Ratings Making Waves on Wall Street

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15. ZenaTech, Inc. (NASDAQ:ZENA)

Number of Hedge Fund Holders: 4

ZenaTech, Inc. (NASDAQ:ZENA) develops cloud-based enterprise software for various industries and manufactures drones.

On February 25, ZenaTech, Inc. (NASDAQ:ZENA) announced that its subsidiary, ZenaDrone, has finalized the third-generation design of its AI-powered ZenaDrone 1000, set as the production model for large-scale manufacturing. The upgraded drone features a 100-volt propulsion system and a carbon fiber body, improving speed, flight time, and payload capacity for U.S. defense and commercial markets. Production is scheduled to start in Q1 2025 at the company’s Sharjah, UAE facility, with at least ten units per month.

The ZenaDrone 1000 is a VTOL quadcopter with AI-driven capabilities and is built for defense and industrial applications, including aerial surveys and cargo transport. It has undergone trials with the U.S. Air Force and Navy for carrying critical supplies. ZenaDrone plans to manufacture DoD-specific units in Phoenix, Arizona and is working toward Green UAS and Blue UAS certification to meet U.S. defense and cybersecurity standards.

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