Business UpdateJul 30, 2026, 01:45 PM
ZenaTech DaaS Business Boosted by Oil Prices, Velocity Geomatics
AI Summary
ZenaTech, Inc. provided an update on its Drones as a Service (DaaS) field operations for the energy sector in Western Canada. The company's recent acquisition, Velocity Geomatics, is benefiting from a market strengthened by a 45% increase in oil prices during Q2 2026 year-over-year, which is boosting client activity and demand for services. The Canadian oil and gas industry is also projected to attract over $500 billion in investments over the next decade, providing a favorable long-term outlook for ZenaTech's DaaS business expansion.
Key Highlights
- ZenaTech's DaaS operations benefit from strengthened Western Canadian energy market.
- Oil prices increased over 45% in Q2 2026 compared to prior year.
- Canadian oil & gas industry expects over $500 billion in investments over next decade.
- Velocity Geomatics, acquired in July 2026, provides drone-based regulatory/environmental surveys.
- Approximately 80% of Velocity's current projects utilize drone-based workflows.
- Increased producer cash flow supports drilling, infrastructure, and environmental compliance.
- DaaS business expansion expected in Canada and globally.
Price Impact
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