TORONTO - ZenaTech, Inc. (NASDAQ:ZENA), a company specializing in AI drone solutions and enterprise SaaS, has announced the promotion of key team members across its sales, customer support, and administrative divisions. The move, which aims to strengthen the company's growth in the AI drone and SaaS software markets, includes elevating personnel within its ZenaDrone drone business and enterprise SaaS software division.
Philander Franklin steps up as Vice President of Business Development for the Americas, bringing over two decades of sales experience to the role. His focus will be on expanding ZenaTech's drone business in North America and establishing a solid operational base in Arizona. Franklin's background includes significant achievements in sales and operations across various sectors, including health insurance and retail.
Simon Henry has been appointed as Vice President of Business Development for EMEA. With over 20 years in sales and client service management, Henry will be responsible for growing drone sales and operations in Europe, the Middle East, and Africa. His experience spans roles in business development and client management in finance, fleet management, and employee services.
Steve Rhode, with a decade of experience with ZenaTech-associated SaaS companies, has been named Director of Software Sales and Customer Support. Rhode's focus will be on sales strategies and customer support for the company's SaaS software division. His background includes leadership roles in customer service, sales, and operations in the software industry.
Lindsey Bartholomew assumes the role of Director of Administration, tasked with developing the administrative infrastructure for ZenaTech's portfolio. Her experience includes various roles in accounting, administration, and operations management.
ZenaTech, known for its expertise in software development and drone manufacturing, has been innovating in areas such as inspection, monitoring, safety, and field service processes since 2017. The company's growth is further evidenced by its expanding global partner network and operations across North America, Europe, and the UAE.
This announcement is based on a press release statement, which also includes forward-looking statements from the management regarding ZenaTech's future performance and growth prospects. These statements are subject to risks and uncertainties, and actual results may differ from those projected. Potential investors are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their date.
In other recent news, ZenaTech Inc., a company specializing in AI drone solutions, has made considerable strides in drone technology. The company's subsidiary, ZenaDrone, secured a United States Design Patent for its second-generation drone, the ZenaDrone 1000, enhancing flight times and payload capacity. ZenaTech also announced its intent to acquire ZooOffice Inc., aiming to integrate compliance and inspection software into its drone solutions.
Moreover, ZenaTech has initiated U.S. flight testing for the ZenaDrone 1000 in Arizona, following recent Federal Aviation Authority (FAA) exemption approval. The company has also launched a new product, the ZenaDrone IQ Nano, designed to improve efficiency in warehousing and logistics.
ZenaDrone has begun commercial operations in the United States after receiving FAA exemption approval, marking a significant step for ZenaTech. The company is also set to benefit from its partnership with Night Sun, a Native American Corporation, with plans to manufacture and sell drones for use by Native American tribes. These are recent developments in ZenaTech's ongoing growth strategy.
InvestingPro Insights
As ZenaTech, Inc. (NASDAQ:ZENA) reshuffles its leadership to drive growth in AI drone solutions and enterprise SaaS markets, investors should consider some key financial metrics and insights from InvestingPro.
ZenaTech's market capitalization stands at $37.39 million, reflecting its position as a smaller player in the technology sector. The company's revenue for the last twelve months as of Q2 2024 was $1.41 million, with a concerning revenue decline of 16.14% over the same period. This decline aligns with an InvestingPro Tip indicating that the stock has fared poorly over the last month, with a significant price drop of 75.45% in the past year.
Despite the recent leadership changes aimed at boosting sales and expanding operations, ZenaTech faces profitability challenges. An InvestingPro Tip highlights that the company is not profitable over the last twelve months, which is reflected in its negative P/E ratio of -164.31. This financial situation underscores the importance of the newly promoted executives in turning the company's performance around.
For investors considering ZenaTech's potential, it's worth noting that InvestingPro offers 11 additional tips that could provide further insights into the company's financial health and market position. These additional tips could be particularly valuable given the company's current volatility and recent stock performance.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.