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Forbes
2 days ago
- Business
- Forbes
India's Economic Juggernaut On Way To Becoming The 3rd Largest Economy
They say Indian economy is like the Elephant, it takes a while to get going but once it runs, it could be unstoppable. India is already on the path to economic greatness, having surpassed Japan recently to become the 4th largest economy in 2025. And that's just the beginning! By 2028, India is also expected to become the world's third-largest economy, moving ahead of Germany. India is aiming to add about USD 1 trillion to its GDP every 12 to 18 months over the next decade, targeting a CAGR of 9% nominal GDP growth rate from 2025 to 2047. While this is undoubtedly ambitious, India's strong macroeconomic fundamentals, demographic advantages, urbanization, growing capital market, and focus on structural reforms are some of the main drivers that provide a solid foundation for sustainable growth. My Foresighting team at Markets and Markets (MnM) have recently completed a study on Future of India studying the key Mega Trends that will drive the economic growth. This article highlights some of the key findings. Indian GDP Growth 1980 - 2047 Robust Macroeconomic Indicators Despite external pressures, India's economy continues to demonstrate impressive resilience. In nominal terms, the country is projected to become a USD 30 trillion economy by 2047, targeting an average nominal GDP growth rate of 9%–10% per year. India's gross savings to GDP ratio, too, is expected to improve, projected to reach 48% by 2036–37 under a linear trend scenario, supporting strong investment-led growth. Though the country faces some concerns regarding the current account balance and currency depreciation, overall growth is strong, with the services and manufacturing sectors poised to be the main drivers of GDP Urbanization and Infrastructure Development Urbanization and infrastructure development, expected to expand markets, boost productivity, attract investment, and create millions of new jobs, will be the central driver of India's economic growth to 2035, making cities the primary engines of India's economic ascent. India's urbanization rate, expected to cross 50% over the next decade from the current 36%, will be driven by the rise of megacities, megaregions, and megacorridors. These urban areas are projected to contribute to nearly 70% of India's GDP by 2036. To support this urban transformation, India will spend in excess of USD 290 billion per year on infrastructure through 2030, including funds for initiatives like the 'PM Gati Shakti National Master Plan', which plans to bring together 16 ministries, including Railways, Roadways, Ports, and Aviation, onto a single digital platform for coordinated infrastructure planning and Middle Class A significant portion of India's economic growth is anticipated to come from its middle-class population, which is expected to grow by more than 597 million people between 2015 and 2040. The rising middle-class population change is expected to account for over 75% of expenditure growth, opening new market opportunities and lifting millions out of poverty, decreasing the percentage of destitute households from 15% today to just 6% by States Maharashtra, Gujarat, and Tamil Nadu are on track to reach a GDP of USD 1 trillion each by 2035—collectively matching the combined economic might of the United Arab Emirates, Sweden, and Belgium, and highlighting their role as the engines of India's economic progress. Rapid expansion, urban development, and a focus on high-value industries have transformed these states into manufacturing powerhouses and financial centers, helping India gain a competitive edge and avoiding over-reliance on any Market Expansion & Investment Potential Domestic investments, supportive policies, and an expanding retail investor base have led to quick growth in India's capital markets, highlighting investment prospects and establishing the markets as a key element of economic development. Despite only 6% of household wealth invested in equities, India continues to attract investment interest. The stock market's expansion is expected to continue, with demat account ownership rising from 11% in 2022 to approximately 30% by & Trade Diversification Strategies The manufacturing industry in India is supported by various schemes, such as 'Make in India' and 'Production-Linked Incentive' (although not overly successful), which have attracted over €16 billion in investments and €1.1 billion in incentives across 14 sectors. By 2030, India aims to exceed USD 2 trillion in exports by diversifying its trade to from new markets like Africa, Latin America, and Central Asia and signing new & free trade agreements (FTAs). Previous FTAs have not really worked in India's favor but there is optimism that agreements with UK, US and EU will provide a vital boost to manufacturing and exports as India is seen as the optimum location for China + 1 Tomorrow's Growth Engines: India's Industries of the Future India is poised for an industrial boom, and numerous sectors like automotive, ICT, healthcare, chemicals, oil and gas, semiconductors, space and research, food and beverage are expected to experience exceptional growth through 2030 and beyond. From traditional manufacturing to innovative technology, these industries form the core of India's economic IndustryIndia, known as the 'Chauffeur Capital' of the world, is undergoing a massive transformation to become an automotive manufacturing powerhouse. India's automotive sector is poised to add over 3.3 million cars to its production capacity by 2030. In fact, by 2030, India will produce and sell over 7.5 million vehicles, making it a key player in global automotive supply chains—the country is already the largest 2-wheeler market in the world. Increasing domestic demand, supportive government incentives for clean mobility, and affordable manufacturing costs are some of the main factors driving India's automotive sector and industrial Industry India's chemicals sector, which is majorly focusing on specialty chemicals, sustainable production, and value-added products that serve both local and global markets, is looking bright. It is currently ranked third in polymer consumption, fourth in agrochemical production, and second in dye manufacturing and exports, and, thanks to an abundance of raw materials, a talented workforce, and growing demand from the textiles, agriculture, and manufacturing sectors, is on a promising path for continued and Gas Industry Global oil demand is expected to reach its peak around 2032. However, India will continue to be a major consumer, with its oil demand projected to peak at 9 to 12 million barrels per day by 2045, making it a critical player in the future oil market. Currently, India is the fourth-largest refining hub in the world and is ideally situated to efficiently process crude oil for both domestic needs and exports. The sector's growth shines through in traditional petroleum products, petrochemicals, and renewable energy sources, all of which play a crucial role in strengthening India's energy security and economic Industry The healthcare industry in India is uniquely positioned as both the 'Cancer & Diabetes Capital' of the world and one of the most exciting growth opportunities globally. By 2030, it is expected to reach a USD 800 billion market, largely fueled by thriving Tier 2 and 3 cities where healthcare infrastructure is quickly expanding. This growth is a positive sign of increasing health awareness, rising disposable incomes, and dedicated government efforts to make healthcare more accessible for Industry India's space sector is rapidly expanding, targeting 8-10% of the global market by 2030, up from 2% in 2021. Its aim is to attain a 15% share by 2047, while establishing India as a leading space economy among global players. The industry encompasses satellite manufacturing, launch services, space applications, and new areas such as space tourism and asteroid mining, creating opportunities throughout the entire space value Industry By 2030, nearly 20% of India's GDP is expected to come from the Techsector, which is outpacing growth in traditional industries like agriculture and manufacturing. It is projected to grow at a CAGR of approximately 9% through 2030, covering areas such as software services, digital platforms, fintech, e-commerce, and emerging technologies like artificial intelligence and digital manufacturing solutions. India's data center market is expected to exceed USD 15 billion by 2030, growing at a 15% CAGR between 2024 and 2030, fueled by digitalization across businesses, government, and consumers. Semiconductor and Electronics Industry India hosts approximately 20% of the world's chip designers and takes pride in being a global leader in chip design. Ironically, almost all of semiconductor demand in India is currently fulfilled through imports. To combat this, the country's semiconductor industry promises to build complete semiconductor fabrication plants, grow electronics manufacturing for both local and international markets, and create essential components for exciting emerging technologies like 5G, IoT, and electric vehicles. Under the 'India Semiconductor Mission', the government has sanctioned five semiconductor manufacturing units, securing a total investment of USD 18.15 billion by 2024, marking a significant milestone in India's semiconductor manufacturing ambitions and boosting the local ecosystem. The government plans to drive the semiconductor industry to USD 150 billion by 2030, creating a larger market for domestic and international players to foray into the Indian & Beverages Industry When it comes to food and beverages, the fact India has to feed 1.4bn mouths, India is on course to reach the coveted trillion-dollar milestone by 2030. From traditional food processing and modern retail to new food tech and innovative health-focused products, there are plenty of opportunities along every step from farm to fork. Of course, these industries don't work in silos—they work together like a vibrant community powering India's economic transformation. The automotive sector relies on chemicals and semiconductors, healthcare thrives on ICT innovations, and the space industry benefits from advanced materials and electronics. This incredible synergy sparks growth and helps build resilience against global ups and downs. India's industrial future is not just about economic opportunities; it's about an exciting shift toward high-value, technology-driven growth that can create new jobs, fuel innovation, and position India as a leading global hub for manufacturing and services well into the future. Conclusion Whether the elephant walks or runs, one thing is clear—the last few decades have inexorably led us to a cliff overlooking India's most significant economic transformation: the awakening of over a billion people with the potential to rewrite the world's economic landscape, with the potential to add over USD 500 billion in manufacturing value while creating millions of new jobs, and the potential of the dreams of 1.4 billion people ascending toward prosperity, lifting entire generations out of poverty. This coming decade may be India's moment, the Indian juggernaut.
Globe and Mail
3 days ago
- Business
- Globe and Mail
Nvidia, Microsoft, or Alphabet: Which AI Stock Giant Holds the Highest Upside? Analysts Weigh In
Generative AI exploded onto the scene at the end of 2022, and forever changed our perception – and use – of AI technology. From a predictive model, based on classification and automation, AI shifted to a more creative mode, capable of closely mimicking human expressions. The boom in generative AI has brought diffusion models and large language models (LLMs) into our consciousness, and pushed chip makers, data centers, and data analytics into the limelight. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week. Given this rapid evolution, it's no surprise that the market for generative AI is expanding at a breakneck pace. According to Markets and Markets, the spend on genAI is estimated at $71.36 billion this year, with projections reaching as high as $890 billion by 2032, implying a staggering CAGR of 43.4%. Yet, while the growth story is compelling, it's important to recognize that many AI stocks have already soared, meaning much of the 'easy' upside has likely been captured. For investors eyeing the sector today, the challenge isn't simply finding exposure, but rather identifying which opportunities – if any – still offer some room for gains, rather than piling into names that have already run up sharply. This brings the focus to three tech titans that have dominated both the AI conversation and investor interest. Nvidia (NASDAQ:NVDA), Microsoft (NASDAQ:MSFT), and Alphabet (NASDAQ:GOOGL) – each a Magnificent 7 megacap and a recognized leader in AI – provide distinct avenues for those hoping to ride the next leg of the generative AI wave. But with valuations stretched for many top performers, which of these giants presents the most attractive upside from here? Let's find out. Nvidia First up is Nvidia, a tech company that is a giant in all ways. Nvidia is a leader in the semiconductor field, and its GPU chips, originally designed for high-end computer gaming, have been essential in the enabling hardware for AI and its related applications. The company has been singularly successful in recent years, and its top-end AI-capable chipsets are in high demand. Strong sales have pushed Nvidia to the top of the heap, not just as the largest chip maker on Wall Street, but as the largest company of any sort: Nvidia currently boasts a market cap of $3.97 trillion, having recently been the first company to ever cross the $4 trillion threshold. That is not to say that Nvidia hasn't faced challenges and headwinds on its rise to the top. President Trump's trade and tariff policies have put a crimp on technology exports to China, and on collaborations with Chinese companies – and Nvidia, as the world's leading semiconductor maker, was deeply exposed to the Chinese market. Trade talks between the US and China are ongoing, but that did not change the fact that Nvidia was told by Uncle Sam that it will require a license to export its H20 chip products to China. This was no mean issue; Nvidia was forced to record a $4.5 billion charge during its fiscal 1Q26 related to diminished H20 sales. The China headwind hasn't stopped Nvidia from profiting elsewhere on the global scene. In June, the company announced that its Grace Hopper platform was instrumental to the operation of the JUPITER supercomputer, the fastest such computer in Europe. JUPITER is capable of providing faster simulation and training for the largest AI models, of the type used in such fields as quantum research, structural biology, and computational engineering, and is quickly becoming a leading force behind European business and scientific innovation. Also in June, Nvidia announced that it is building the world's first industrial AI cloud system, to support European manufacturers. The project revolved around a German-based AI factory that will feature up to 10,000 GPUs, with Nvidia's DGX B200 and RTS PRO Servers heavily featured. The industrial AI cloud will allow Europe's manufacturing leaders to accelerate all of their applications, from design to engineering to simulations to robotics. Turning to the financial side, we find that Nvidia's fiscal 1Q26 report, its last released, showed a top line of $44.1 billion, for a 69% year-over-year gain and beating the forecast by $813 million. The revenue gain was led by Nvidia's data center business, which is directly tied to AI applications; this segment was up 73% year-over-year and reached $39.1 billion. At the bottom line, Nvidia started fiscal 2026 with non-GAAP quarterly earnings of 81 cents per share, beating the forecast by 6 cents per share. Wedbush's Matt Bryson, an analyst who ranks amongst the top 2% of Wall Street stock pros, covers Nvidia, and he notes both the headwinds and the high potential that are tugging the company in opposite directions. The 5-star analyst writes of the chipmaker, 'NVDA executed well despite the loss of H20 representing a greater headwind than we (or investors) had anticipated. With metrics (GMs and revenue) expected to trend positively in CQ2 (despite the China headwind) and seemingly more certain demand growth through CY2026 given the increase in sovereign projects (now captured in our improved estimates for FY2027), we see no reason to shift our constructive opinion on NVDA.' That constructive opinion includes an Outperform (i.e., Buy) rating, and a $175 price target that points toward an upside of 6.5% on the one-year horizon. (To watch Bryson's track record, click here) Nvidia holds a Strong Buy consensus rating from the Street's analysts, based on 42 reviews that include 37 to Buy, 4 to Hold, and 1 to Sell. The stock is priced at $164.10 and its $175.76 average price target implies a one-year upside potential of 7%. (See NVDA stock forecast) Microsoft Next up, Microsoft, is arguably the world's leading software company. Microsoft has built itself up by dominating the market in operating systems and office software, and with its market cap of $3.74 trillion, it is currently Wall Street's second-largest publicly traded company. In recent years, Microsoft has been moving heavily into AI and cloud computing, recognizing these fields as the future high tech – but more importantly, recognizing that AI is closely intertwined with the cloud. This is clear from the platforms that Microsoft has released, and from the use it makes of AI and cloud systems. Microsoft's cloud computing platform, Azure, offers customers a wide array of tools and applications, and the company has been actively integrating AI into the platform, to enhance those tools and to develop new ones. In addition, Microsoft is also using AI and cloud technologies to enhance its other consumer software products. AI, the cloud, and software are not separate entities; they are intertwined, and each can provide benefits for the others. A few examples will show the extent of the changes that AI is bringing, and the financial savings that companies can realize. Microsoft has been using its AI technology to bring customer contact tools into its call center, streamlining the contact process. In addition, the company's sales personnel are making use of Copilot, Microsoft's autonomous AI assistant, to locate leads and close deals. Finally, the company also uses AI in its development process; AI-powered tools have been instrumental on the software side, producing as much as 35% of the code for the company's new products. In all, Microsoft estimates that smart use of AI in-house resulted in savings of at least $500 million last year in the call center alone. In its fiscal 3Q25 report, the last quarter results to be released, Microsoft showed a year-over-year revenue gain of 13.2%, with the top line hitting $70.1 billion and beating the estimates by $1.62 billion. The company's EPS came in at $3.46, or 24 cents per share better than had been anticipated. We should note that Microsoft's cloud and AI work contributed heavily to this success. Total cloud revenue was up 20% y/y and hit $42.4 billion. This total included the Intelligent Cloud – the segment of which Azure is a part – which showed a 21% y/y increase and reached a total of $26.8 billion. This stock falls into the coverage universe of Keith Weiss, 5-star analyst with Morgan Stanley. Weiss notes that Microsoft's AI initiatives are providing solid returns, and says of the company, 'While investors continue to debate the 'Return on Investment' of rising capital expenditures, we see the yields on Microsoft's investments in Generative AI becoming increasingly apparent, both in terms of direct monetization and driving further IT wallet share gains for the broader portfolio. This prime position for the upcoming GenAI innovation cycle matched with solid execution is driving an acceleration in the Azure business, while best-in-class expense discipline supports our forecast of a mid-teens EPS CAGR.' Weiss, who also ranks amongst the top 2% of Street stock experts, goes on to rate MSFT as Overweight (i.e., Buy), and he complements that rating with a $530 price target, suggesting a one-year gain of 6% for the shares. (To watch Weiss's track record, click here) Microsoft's 35 recent analyst reviews include 32 Buys and 3 Holds, for a Strong Buy consensus rating. The average price target here is $534.48, implying a gain for the year ahead of 6.5% from the current trading price of $501.48. (See MSFT stock forecast) Alphabet The third AI tech giant we'll look at today is Alphabet, the parent company of the internet's leading search engine, Google, and its leading video platform, YouTube. Through these platforms, Alphabet has become the clear leader in online search, and uses that lead to support its primary revenue-generating activity of digital advertising. Like Microsoft above, Alphabet has in recent years also become a major player in AI and cloud technologies, providing a large array of applications and related tools for subscription users. Google Cloud, the company's cloud computing platform, is a leader in the field and a chief competitor of Azure and AWS. On the AI side, Alphabet has already built a strong position. The company actively uses AI tech to enhance its Google search engine – the new 'AI overview' presented in response to search queries, along with the actual search results, is the clearest example of this. In addition, Google makes use of generative AI to respond to user search requests that are presented as direct questions in natural language. The result is a search engine that is more flexible, able to better understand and answer user queries – and to present those answers in clear, readable text, with the list of search results given as a supplement. While Alphabet has been remarkably successful at growing its revenue and earnings (see more on its latest quarterly results below), the company is facing a serious headwind in the form of ongoing antitrust lawsuits in the US and European courts. Google, Alphabet's premier subsidiary, accounts for nearly 80% of the web's search traffic, which has caught the attention of antitrust and regulatory authorities. Last year, in August, Google lost a landmark ruling, in which the US District Court for DC decided in favor of the Department of Justice argument that Google was acting as a monopoly and had violated the Sherman Act. Google is already appealing the ruling, on the argument that its dominance comes from providing a superior product. More recent suits allege that Google's AI Overviews, which generate the search summaries that appear at the top of the results, will further damage smaller companies – Google's users will rely on the summaries, rather than clicking through to the search results. We don't know how the court cases will pan out, but we do know that Alphabet reported solid results in its 1Q25 earnings release. The company's total revenue came to $90.2 billion, $1.08 billion better than had been anticipated and up 12% year-over-year. The revenue total included $77.3 billion from Google Services, and $12.3 billion from Google Cloud, which also includes generative AI solutions and AI infrastructure. The Google Cloud segment was up 28% year-over-year. At the bottom line, Alphabet's $2.81 EPS was up 92 cents from the prior-year quarter, and was 80 cents per share better than the forecasts. Like the tech giants above, Alphabet has caught the eye of a 5-star analyst. Rohit Kulkarni, of Roth, says of the company, 'Google is a 'show me' story with two monkeys on its back, AI Search and Monopoly lawsuits. We have a positive bias toward GOOGL's AI search progress and believe AI Cloud growth supports potential upside at current reasonable valuation. We expect significant headline hits as OpenAI and Perplexity likely jump into deeper ad monetization in 2H25, while all three major lawsuits progress. We believe fundamentals likely remain unchanged, thus making GOOGL a sentiment recovery play in 2H25. #1 Mega Cap for 2H25.' The analyst's positive bias leads to a Buy rating for the shares, with a $205 price target indicating potential for a one-year appreciation of 15.5%. (To watch Kulkarni's track record, click here) For the Street as a whole, GOOGL shares are Strong Buy, based on 38 reviews with a breakdown of 29 Buys and 9 Holds. The stock is selling for $177.62 and its $201.85 average price target suggests that it will gain 13.5% over the next 12 months. (See GOOGL stock forecast) With the facts in, it's clear that all three of these mega-cap AI stocks are looking up – but also that Alphabet has the clear path towards higher upside than its peers. To find good ideas for stocks trading at attractive valuations, visit TipRanks' Best Stocks to Buy, a tool that unites all of TipRanks' equity insights.
Globe and Mail
02-07-2025
- Business
- Globe and Mail
Drone as a Service (DaaS) Market is Booming Expected to Reach $179 Billion By 2030
PALM BEACH, Fla., July 02, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The integration of the Internet of Things (IoT) in agriculture will increasingly involve a sophisticated interplay of robots, drones, remote sensors, and computer imaging. A report from MarketsAndMarkets said: 'The overall drones as a service market will reach $179.3 billion by 2030. Surveillance and monitoring will be the largest revenue opportunity through 2030 High potential industry verticals include construction, insurance, aerospace and real estate Surveillance and mapping remain largest opportunities with maintenance and inspection rapidly gaining ground as high ROI solutions and Developing countries are fastest growing for many solutions due largely to substantial cost avoidance for expensive professional services.' It continued: 'The fundamental principle underpinning cloud computing is the decentralization of computational resources. It posits that the physical infrastructure required for processing data and running applications no longer necessitates a local presence within a customer's own facilities. Furthermore, the precise geographical location of these computing resources becomes largely immaterial to the end-user. Imagine, if you will, computational power existing almost ubiquitously, like a utility that can be tapped into whenever and wherever the need arises. This abstract notion of computing residing "in the ether" highlights the on-demand and location-independent nature of the cloud.' Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Deere & Company (NYSE: DE), EHang Holdings Limited (NASDAQ: EH), AGCO Corporation (NYSE: AGCO), AgEagle Aerial Systems Inc. (NYSE: UAVS). MarketsAndMarkets added: 'This shift in paradigm has yielded significant advantages. Firstly, it has dramatically improved the utilization of computing assets. Instead of individual organizations maintaining underutilized servers and infrastructure, cloud providers can aggregate demand from numerous customers, leading to far greater efficiency. The evolution of cloud computing has fostered the "as a service" delivery model. This framework provides computational capabilities - be it processing power, storage, or specialized software - as a service that can be accessed over a network, typically the internet. This "as a service" approach has proven to be an exceptionally adaptable and scalable method for organizations to introduce and expand their computational capabilities without the upfront investment and management overhead associated with traditional IT infrastructure. This transformative "as a service" paradigm is now profoundly impacting the field of robotics. It is paving the way for "automation as a service", where robotic capabilities are offered as a readily available service rather than requiring the outright purchase and maintenance of physical robots. This shift unlocks new possibilities for businesses that may have previously found robotics cost-prohibitive or lacked the in-house expertise to deploy and manage them effectively.' ZenaTech (NASDAQ:ZENA) Expands Drone as a Service (DaaS) to California with Offer to Acquire an Engineering and Surveying Firm, Tapping into Precision Agriculture and Viticulture Market - ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) ("ZenaTech"), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), and enterprise SaaS, has signed an offer to acquire a California-based civil engineering and land surveying firm with a well established history of operations. This marks ZenaTech's first proposed transaction in the US West Coast or Southwest region, creating a strategic entry point into California ─ a high-value market for drone-based precision agriculture due to a massive agriculture economy, crop diversity, labor and water challenges, and an openness to innovation. With a commercial, construction and sustainability solution customer base and a deep regional presence, the proposed acquisition positions ZenaTech to scale its Drone as a Service or DaaS survey operations. It also provides significant opportunity to expand into California's wine and agriculture sectors using advanced drone capabilities including aerial imaging, precision spraying, irrigation analytics, and wildfire detection and monitoring in high-risk areas. 'This proposed acquisition is more than just our first Southwest region location — it's a strategic foothold into a high-value, high-growth state for precision agriculture,' said Shaun Passley, Ph.D., CEO of ZenaTech. 'The firm is a natural fit to help execute our growth strategy for crop health monitoring and precision spraying to serve viticulture, large estates, and commercial farming operations across California.' With the global agricultural drone market projected to reach USD 10.3 billion by 2030, driven by rising demand for precision technologies in farming, California stands out as a key growth region as well as being home to nearly 90% of all US vineyard acreage. Considering California's mounting climate and agricultural challenges, ZenaTech's AI-powered autonomous drone solutions offer timely, scalable innovation that serves the needs of commercial enterprises, cooperatives, agriculture consultants, and public sector stakeholders. ZenaTech's Drone as a Service (DaaS) business model offers both business and government customers reduced costs and convenience to utilize drones to streamline legacy processes and manual tasks such as inspections, surveying, maintenance, precision agriculture and inventory management ─ there is no need to purchase drone hardware and software, find a drone pilot, manage maintenance and operation, or acquire regulatory approvals. The model also offers scalability to use more often or less often based on business needs and utilizes ZenaDrone's multifunction AI autonomous drones. The company has closed six acquisitions across the US to date as part of its DaaS business model and strategy and has announced it plans to complete approximately 20 more in the next 12 months. Continued… Read this full release by visiting: Other recent developments in the markets include: Deere & Company (NYSE: DE) recently announced it has purchased Sentera, a St. Paul, Minnesota-based agriculture startup that uses smart imagery technology to monitor crop health via drone cameras. The acquisition, announced May 23, allows the John Deere tractor maker to integrate Sentera's technologies into its digital farm management system to help farmers make more data-backed decisions. Drones equipped with Sentera's cameras can fly over fields at high speeds and take high-resolution images that are then processed to generate digital maps that locate harmful weeds and pests, assess crop health and identify any disease pressures, according to Deere. EHang Holdings Limited (NASDAQ: EH), the world's leading urban air mobility ('UAM') technology platform company, recently announced that it has entered into a strategic partnership agreement with Reignwood Aviation Group. Leveraging their respective strengths, the two parties will collaborate under China's national strategy for developing the low-altitude economy, guided by the principles of technology empowerment, scenario-driven innovation, and global expansion. Together, they aim to set a global standard for integrating traditional general aviation with next-generation electric vertical take-off and landing ('eVTOL') aircraft. According to the agreement, Reignwood Aviation Group plans to deploy eVTOLs at scale, prioritizing at its operational hubs in key cultural and tourism destinations. The partnership will begin with consumer-facing applications such as low-altitude tourism and related ground services. Over time, the cooperation will further expand to UAM field to build a three-dimensional urban transportation network. In the long term, the two parties aim to expand to more scenarios and low-altitude services including passenger transportation, aerial logistics, emergency response, etc. AGCO Corporation (NYSE: AGCO), a global leader in the design, manufacture and distribution of agricultural machinery and precision ag technology, recently announced it has entered into a set of agreements with Tractors and Farm Equipment Limited ("TAFE"). The agreements resolve all outstanding disputes and other matters related to the commercial relationship between AGCO and TAFE as well as TAFE's shareholding in AGCO, ownership and use of the Massey Ferguson brand in India and certain other countries, and other key governance issues between the parties. The agreements will become effective upon the completion by AGCO and TAFE of certain governmental and other processes in India relating to the repurchase of the shares held by AGCO in TAFE. AgEagle Aerial Systems Inc. (NYSE: UAVS), a leading provider of advanced drone and aerial imaging solutions, recently announced the sale of two additional eBee X drones to South Korea, expanding the country's installed base of AgEagle's eBee drones to more than 100 units. This milestone strengthens AgEagle's strategic partnership with South Korea and reinforces its position as a leader in the Asia-Pacific drone market. The eBee X, AgEagle's flagship fixed-wing mapping drone, is engineered for high-precision geospatial data collection and is ideally suited for applications including surveying, mapping, and photogrammetry. This latest sale builds on a well-established fleet, further strengthening AgEagle's reputation as a trusted provider of cutting-edge unmanned aerial CEO Bill Irby commented, 'Achieving our 100th eBee drone sale in South Korea represents a key growth milestone. It reflects the growing global demand for our advanced aerial solutions and validates the strength of our platform across a range of industries and geographies. As adoption accelerates in international markets like South Korea, we remain focused on scaling operations, deepening customer relationships, and delivering high-performance drone systems that meet evolving mission needs. This progress directly supports our commitment to building sustainable value for all our stakeholders.' DISCLAIMER: FN Media Group LLC (FNM), which owns and operates and is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
Globe and Mail
29-05-2025
- Business
- Globe and Mail
A.I. Drone Operations Flourishing as Global Quantum Computing Market Expected to Reach $5.3 Billion By 2029
PALM BEACH, Fla., May 29, 2025 (GLOBE NEWSWIRE) -- FN Media Group News Commentary - The global quantum computing market is expected to grow significantly in the coming years. A report from MarketsAndMarkets projected that the global quantum computing market size will be valued at USD 5.3 billion by 2029, growing at a CAGR of 32.7% during the forecast period through 2029. The report said: 'Quantum computing is a growing technology that has the opportunity to make computing faster. These devices can perform valuable tasks but have a high rate of error. In short-term quantum computing, use cases will have a hybrid quantum operating model, a mix of traditional and quantum computers. In the short term, also known as the NISQ era, the revenue for quantum computing will be entirely generated from end-user industries and quantum computing research investments. Mid-term quantum computing is expected to witness many advantages over conventional computers. To achieve this stage, quantum algorithms with a high error correction ability are required. Long term quantum computing requires a high tolerance for error correction and scalability. At this stage, the value will be added by the quantum hardware, quantum software, and service providers. Systems segment to account for highest CAGR of the quantum computing market during the forecast period Quantum computer systems are designed to solve complex problems that traditional computers find difficult. Constant investments and development in quantum computing systems are driving the market during the forecast period. Quantum computing hardware launches are becoming increasingly common. The shipment of quantum computing systems is increasing daily. The cloud segment is projected to account for a larger share of the quantum computing industry than the on-premises segment from 2024 to 2029.' Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), Quantum Corporation (NASDAQ: QMCO), Rigetti Computing, Inc. (NASDAQ: RGTI), D-Wave Quantum Inc. (NYSE: QBTS), Supermicro, Inc. (NASDAQ: SMCI). MarketsAndMarkets concluded: The demand for the quantum computing market share is expected to have the largest share in the Asia Pacific region. Companies working in the area's quantum computing market and the government are spending money on research in quantum computing. The race to build powerful quantum computers is heating up with big money bets. The race to build powerful quantum computers is heating up with big money bets. Tech giant IBM is throwing down a cool USD 100 million to help universities in Japan and the US develop whopper machines with 10,000 qubits.' ZenaTech (NASDAQ:ZENA) Developing Quantum Computing and AI Drone Fleets to Prevent Wildfires in the Western US - ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) ("ZenaTech") a technology company specializing in AI (Artificial Intelligence) drones, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, today announces its strategic initiative to utilize quantum computing and AI-powered drones to revolutionize wildfire detection, forecasting, and response in the US Western and Coastal states. This innovative solution is part of ZenaTech's expanding Clear Sky project, an initiative which aims to mitigate the increasing threat of billion-dollar weather events using high-precision environmental monitoring powered by AI drones, drone swarms and quantum-enhanced analytics. 'We want to harness next-generation drone technology for frontline defence against one of America's more dangerous natural threats' said Dr. Shaun Passley, CEO of ZenaTech. 'By integrating quantum computing with our AI drone systems, we can process massive volumes of atmospheric and terrain data to provide near real-time wildfire predictions and response strategies with unmatched speed and accuracy.' The integration of quantum computing allows ZenaTech to process complex datasets far faster than traditional methods—turning raw drone telemetry into actionable intelligence for emergency response teams, forestry services, and environmental protection agencies. Using the ZenaDrone 1000 drone and fleets of drones equipped with thermal sensors, multispectral imaging, and 360-degree LiDAR, autonomous flight missions over 300 square miles can be performed. These drone swarms gather environmental data which is then processed using quantum computing platforms to build predictive models that simulate wildfire spread based on terrain, vegetation density, humidity, and wind patterns. ZenaTech's recently acquired Portland, Oregon-based land survey engineering company and now a Drone as a Service office, will be part of this initiative surveying large tracks of land for wildfires and fire management testing incorporating drone swarm technology in the Northwest in the Pacific Coast areas. The company will also utilize its Wyoming Native American partnership for testing fire mitigation, and autonomous monitoring of tribal lands. The Clear Sky project initial team will be expanded to 20 engineers dedicated to the company's R&D initiatives including wildfire modelling, geospatial optimization, and AI-augmented forecasting. Quantum computing is an emergent field of cutting-edge computer science harnessing the unique qualities of quantum mechanics to solve problems beyond the ability of even the most powerful classical computers of today, to process massively complicated mathematical problems and data at orders of magnitude faster speeds. Quantum computers can analyse vast and complex drone data much faster and more accurately, improving weather predictions and enhancing the ability to forecast extreme events. Last year, there were 58 separate billion-dollar weather disasters globally, the second highest on record, which includes 27 in the US caused by extreme weather including hurricanes, wildfires, floods, and severe storms— according to Gallagher Re's Natural Catastrophe and Climate Report. Continued… Read this full release by visiting: In Additional ZENA News: ZenaTech (NASDAQ:ZENA) Provides Quantum Computing Update on 'Clear Sky' Weather Forecasting Project?AI Drone Swarms to Combat Steep Rise in Billion Dollar Extreme Weather Events - ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) ("ZenaTech") provided an update on its 'Clear Sky' project, an R&D initiative soon to be released in a beta application version, that uses multiple AI drones in a drone swarm, and quantum computing for weather forecasting. The goal is to better predict localized weather including extreme weather events for business and government users, saving lives and billions of dollars. In the coming months, ZenaTech plans to expand its quantum computing project team to 20 by adding at least ten additional specialized engineers. This will accelerate the development and upcoming beta release of Clear Sky in addition to furthering other internal quantum computing projects currently underway. 'Last year, there were 58 separate billion-dollar weather disasters globally, the second highest on record, which includes 27 in the US. Through the Clear Sky project, we will use AI-powered drone swarms and quantum computing to better predict these disasters and fill the critical atmospheric observation gaps of traditional weather data collection and satellite methods,' said CEO of ZenaTech Shaun Passley, Ph.D. 'Drones with sensors flying at high altitudes can collect data in real time enabling greater spatial and temporal resolution resulting in more precise, up-to-the-minute weather insights to better anticipate the onset of extreme weather like tornadoes.' Continued… Read this full release by visiting: Other recent developments in the markets include: Quantum Corporation (NASDAQ: QMCO) recently announced an update to its Professional Services portfolio, redefining its offerings to meet customers' needs across the data lifecycle and provide greater flexibility in how services are consumed. Quantum uniquely delivers comprehensive data lifecycle management spanning high-speed ingest to data protection to long-term archiving. As organizations increasingly depend on data to drive AI initiatives, fuel innovation, and streamline operations, customers require tailored, efficient, and scalable services that evolve with their infrastructure and business goals. Structured around three core offerings—new subscription-based Value Packages, Deployment Services, and On-Demand Services—Quantum's Professional Services are built to meet customers where they are in their data journey. Whether accelerating a new deployment, optimizing a legacy environment, or planning for future growth, these services offer scalable, expert-led support that aligns with both immediate needs and long-term strategies. Rigetti Computing, Inc. (NASDAQ: RGTI), a pioneer in full-stack quantum-classical computing, recently announced its financial results for the first quarter ended March 31, 2025. First Quarter 2025 and Recent Financial Highlights Were: Total revenues for the three months ended March 31, 2025 were $1.5 million Total operating expenses for the three months ended March 31, 2025 were $22.1 million Operating loss for the three months ended March 31, 2025 was $21.6 million Net income for the three months ended March 31, 2025 was $42.6 million Net income for the three months ended March 31, 2025 includes $62.1 million of non-cash gains from the change in fair value of derivative warrant and earn-out liabilities As of March 31, 2025 cash, cash equivalents and available-for-sale investments totaled $209.1 million As of April 30, 2025, following the previously announced closing of the share purchase by Quanta Computer, Inc., cash, cash equivalents and available-for-sale investments totaled $237.7 million 'Rigetti is proud to be awarded important government-funded projects in the U.S. and U.K. to advance our technology, which demonstrates our continued leadership in superconducting quantum computing,' says Rigetti CEO Dr. Subodh Kulkarni. 'We also are making great strides in developing innovative approaches to scaling to higher qubit count systems, which is possible due to our open and modular system architecture, in-house full-stack expertise, and world-class partners.' D-Wave Quantum Inc. (NYSE: QBTS) recently announced the general availability of its Advantage2 TM quantum computing system, a powerful and energy-efficient annealing quantum computer capable of solving computationally complex problems beyond the reach of classical computers. Featuring D-Wave's most advanced quantum processor to date, the Advantage2 system is commercial-grade, and built to address real-world use cases in areas such as optimization, materials simulation and artificial intelligence (AI). "Today marks a significant milestone not just for D-Wave, but for the quantum computing industry as a whole, as we bring to market our sixth-generation quantum computer, a system so powerful that it can solve hard problems outside the reach of one of the world's largest exascale GPU-based classical supercomputers," said Dr. Alan Baratz, CEO of D-Wave. "It's an engineering marvel, with substantial technical advancements that highlight D-Wave's progress in scaling quantum technology to meet industry demands for growing computational processing power while maintaining energy efficiency. Supermicro, Inc. (NASDAQ: SMCI) recently announced that it is now taking orders for enterprise AI systems with NVIDIA RTX PRO 6000 Blackwell Server Edition GPUs. Supermicro's broad portfolio of optimized servers enables AI and visual computing to be deployed in virtually any industry or environment. Supermicro's suite of over 20 systems with RTX PRO Blackwell GPUs will significantly enhance performance for enterprise AI factory workloads. This includes AI inference, AI development and model fine-tuning, generative AI, AI-driven graphics & rendering, video content and streaming, and game development. Supermicro NVIDIA-Certified Systems with RTX PRO 6000 Blackwell GPUs will serve as building blocks for NVIDIA Enterprise AI Factory validated designs, integrating with NVIDIA Spectrum-X networking, NVIDIA-Certified Storage, and NVIDIA AI Enterprise software to create full-stack solutions, accelerating the deployment of on-premises AI. "Supermicro continues to lead the development of enterprise AI infrastructure, empowering the deployment of AI across industries at ever-greater scale," said Charles Liang, president and CEO of Supermicro. "Supermicro's Data Center Building Block Solutions® is the ideal platform for collaboration with NVIDIA Enterprise AI Factory validated designs based on the Blackwell architecture. Together, we will help enterprises ramp up AI adoption by building their own Enterprise AI Factories, accelerating AI inference, AI development, simulation, and graphics workloads for faster time-to-revenue." About FN Media Group: At FN Media Group, via our top-rated online news portal at we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today's emerging companies. #tickertagpressreleases #pressreleases Follow us on Facebook to receive the latest news updates: DISCLAIMER: FN Media Group LLC (FNM), which owns and operates and is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty one hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. "Forward-looking statements" describe future expectations, plans, results, or strategies and are generally preceded by words such as "may", "future", "plan" or "planned", "will" or "should", "expected," "anticipates", "draft", "eventually" or "projected". You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements. Contact Information:
Associated Press
06-02-2025
- Business
- Associated Press
Drone Manufacturers Scrambling to Keep Up with Growing Demand as Drone Applications Skyrocket
FN Media Group News Commentary - Drones are being increasingly adopted in a growing number of industries such as military, defense, land surveying, agriculture for crop monitoring, energy for inspecting power lines among others. The versatility of drones to perform various tasks efficiently is driving their adoption. Drones can be used to monitor hostile environments and enemy activity as well as used for strategic and operational reconnaissance. Commercial Drones are remotely piloted, optionally piloted, or fully autonomous aerial vehicles that play a significant role in plenty of sectors. They are commonly termed drones and are mostly known for their wide usage in various functions, such as Surveying & Mapping, Inspection & Monitoring among others. These vehicles are also used for mapping, surveying, and determining the weather conditions of a specific area. According to recent industry reports, the markets are poised to continue substantial growth in years to come. MarketsAndMarkets project that The Commercial Drone market is projected to grow at a CAGR of 11.2% from 2024 to 2030. The report said: 'Based on End Use, the Transport, Logistics and Warehousing segment is anticipated to record the highest growth rate during the forecast period By End Use, the Drone market has been segmented into logistics & transportation, agriculture, energy & power, military, construction & mining, media & entertainment, insurance, wildlife & forestry, academics & research. Logistics & Transportation segment is estimated to record the highest CAGR during the forecast period with the significant growth of the global e-commerce sector, postal companies are opting for new methods to modify their traditional delivery business models. Active Companies in the markets today include ZenaTech, Inc. (NASDAQ: ZENA), ParaZero Technologies Ltd. (NASDAQ: PRZO), AeroVironment (NASDAQ: AVAV), EHang Holdings Limited (NASDAQ: EH), AgEagle Aerial Systems Inc. (NYSE: UAVS). MarketsAndMarkets continued: 'With several countries focusing on the use of commercial drones for postal deliveries, the commercial drone market will witness growth. The US Postal Service is exploring the possibility of introducing commercial drone into its vehicle fleets to advance mail delivery operations and support its collection of geospatial, sensor, image, and other data. Companies such as DJI (China) are actively developing solutions for Drone-based package delivery. Amazon (US) has already developed these services. Lower cost, density of urban environments, and the rising demand for reduced delivery times are contributing to the growth of this segment.' ZenaTech (NASDAQ:ZENA) ZenaDrone Starts Testing its High-Density Batteries to Extend Flight Time for ZenaDrone 1000 Drone for US Defense Applications - ZenaTech, Inc. (FSE: 49Q) (BMV: ZENA) ('ZenaTech'), a technology company specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS and Quantum Computing solutions, announces that ZenaDrone will commence testing work this quarter on a high density battery for the ZenaDrone 1000 multifunction AI drone designed for defense and commercial applications. High density batteries are lightweight and enable longer drone flight times, more reliability and endurance for longer defense missions, heavier payloads, and greater operational success of a wide range of military applications. ZenaDrone will use the batteries from ZenaTech's affiliated company Galaxy Batteries Inc. 'High density batteries are key to longer fight times and reliability in the harsh conditions of military defense operations such as cargo and resupply, intelligence gathering, surveillance, and reconnaissance missions. We will test to ensure these batteries will provide the customization, cost savings, supply chain control and superior performance we require. This is important to our goal to become a Blue UAS- certified supplier to sell to US defense branches and other military organizations,' said CEO Shaun Passley, Ph.D. ZenaDrone 1000 is an autonomous multifunction drone offering stable flight, maneuverability, heavy lift capabilities, innovative software technology, sensors, AI, and purpose-built attachments, along with compact and rugged hardware engineered for military and industrial use. The company previously completed two paid trials with the US Air Force and the US Navy Reserve for logistics and transportation applications carrying critical cargo, such as blood, in the field. The company previously announced that its supply chain is fully NDAA (National Defense Authorization Act) compliant and that it plans to apply for Green UAS (Unmanned Aerial System) followed by Blue UAS certification, an approved supplier list for drone companies. NDAA compliance refers to adhering to the provisions outlined in the National Defense Authorization Act, which is a set of US federal laws passed every year that specify the budget and expenditures for the Department of Defense (DoD) and address growing cybersecurity concerns. For a product to be NDAA compliant, it must not be produced by a set list of Chinese manufacturers, which extends to the chipsets, cameras, displays and other technology used. The Blue UAS (Unmanned Aerial System) program is a stringent government approved supplier list of drone companies that wish to do business with the US DoD; suppliers including ZenaDrone must meet strict NDAA cybersecurity and supply chain sourcing requirements. The Green UAS program is essentially the same as the Blue UAS program but has a more streamlined and faster certification process without the specifications on country of origin. Continued… Read this full release by visiting: Other recent developments in the drone industry include: ParaZero Technologies Ltd. (NASDAQ: PRZO), an aerospace company focused on safety systems for commercial unmanned aircrafts and defense Counter UAS systems, recently announced the successful demonstration of its DropAir Precision airdrop system in collaboration with a leading global defense company. The demonstration showcased the DropAir system's ability to safely and precisely deliver critical supplies under challenging operational conditions. During the test, ParaZero's proprietary DropAir technology was deployed in multiple high-altitude drone airdrops. The system's advanced parachute mechanism activated at low altitude, ensuring minimal drift and precise landings, even in complex environments. Following the successful demonstration, ParaZero plans to advance the DropAir system into the next phase of development, focusing on enhancing its capabilities for real-world military and humanitarian operations. AeroVironment (NASDAQ: AVAV), a global leader in intelligent, multi-domain robotic systems, recently announced it has been awarded its third delivery order totaling $288 million of Switchblade® loitering munition systems as part of U.S. Army's Directed Requirement (DR) for Lethal Unmanned Systems (LUS). The delivery is part of a 5-year Indefinite Delivery, Indefinite Quantity (IDIQ) contract from Army Contracting Command-Aberdeen Proving Ground, with a contract ceiling value of $990 million, announced in August 2024. 'AV is honored to continue fulfilling this important contract providing the U.S. Army with exceptional and reliable loitering munition solutions,' said Brett Hush, AV's senior vice president and general manager of Loitering Munition Systems. 'We continue to deliver for the U.S. Army with our superior supply chain and manufacturing capacity.' EHang Holdings Limited (NASDAQ: EH), the world's leading Urban Air Mobility ('UAM') technology platform company, recently announced that its flagship pilotless passenger-carrying aerial vehicle EH216-S completed its inaugural demo flight in downtown Shanghai. It served as an excellent backdrop to demonstrate the exceptional capabilities in convenience, safety, and eco-friendliness within the operational environment of UAM in metropolises. It has also officially launched the regular trial operation of the eVTOL sightseeing routes by the Huangpu River at Longhua Airport in Shanghai, in preparation for the following commercial operations in Shanghai. This move aims to realize the urban air mobility in mega central cities. Longhua Airport is regarded as the only airport in Shanghai downtown area with apron airspace and is home to the East China General Aviation Service Center of the Civil Aviation Administration of China ('CAAC'). As an important base for the high-quality development of Shanghai's low-altitude economy, Longhua Airport offers ideal conditions for various low-altitude economic activities, including aerial mobility, tourism and sightseeing, emergency rescue and logistics. This flight not only showcased EH216-S's capabilities for commercial applications in urban sightseeing and travel scenarios, but also laid a solid foundation for its future gradual implementation and realization of regular commercial operations of urban air taxis in the Yangtze River Delta region centered around Shanghai. AgEagle Aerial Systems Inc. (NYSE: UAVS) a leading provider of best-in-class unmanned aerial systems (UAS), sensors and software solutions for customers worldwide in the commercial and government verticals, announced it recently completed a successful flight demonstration of its eBee VISION Intelligence Surveillance and Reconnaissance (ISR) UAS platform at the French Army's 61st Artillery Regiment's event, FID25-61e RA Chaumont. The drone innovation forum was conducted January 30-31, 2025 and attended by the Company in conjunction with its French reseller partner Flying Eye. AgEagle CEO Bill Irby commented, 'We continue to strengthen and broaden our relationship with the French Army through our partner Flying Eye, who completed training in January to become certified eBee VISION operators. This strategic union is expected to build upon the success of our largest single order in AgEagle's history, valued at $3.4M, completed with the French Army in Q4 2024. We look forward to leveraging this momentum as we continue to expand the global footprint of our UAS products within both government and commercial verticals.' About FN Media Group: Follow us on Twitter for real time Market News: Follow us on Linkedin: DISCLAIMER: FN Media Group LLC (FNM), which owns and operates and is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM's market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM has been compensated fifty four hundred dollars for news coverage of the current press releases issued by ZenaTech, Inc. by the Company. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE. This release contains 'forward-looking statements' within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. 'Forward-looking statements' describe future expectations, plans, results, or strategies and are generally preceded by words such as 'may', 'future', 'plan' or 'planned', 'will' or 'should', 'expected,' 'anticipates', 'draft', 'eventually' or 'projected'. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company's annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.
