ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q), a technology company specializing in AI drone solutions and enterprise SaaS solutions, has announced an agreement to acquire Ecker Capital LLC, the holding company for warehouse management software firms InterlinkONE Inc. and Interactive Systems Inc. This strategic move is set to enhance ZenaTech’s ZenaDrone IQ Nano AI drone solution, enabling autonomous inventory management for warehouse and logistics customers.
The acquisition is expected to significantly expand ZenaTech’s portfolio of SaaS software solutions and customer base while adding to its recurring revenues. Financial details reveal that the combined operating income for the acquired companies was $354,000 on revenue of $678,000 for the first nine months of 2024, and $386,000 on revenue of $949,000 for the fiscal year 2023.
ZenaTech CEO Shaun Passley, Ph.D., emphasized the importance of this acquisition, stating, ‘This acquisition will add more recurring revenue to ZenaTech, as well as provide additional functionality to our ZenaDrone IQ Nano AI drone solution for autonomous inventory management.’ Dr. Passley highlighted the potential for significant cost savings, suggesting that the solution could result in ‘inventory cost savings in the millions of dollars a year for multi-warehouse facility customers’ by enabling hourly inventory assessments instead of quarterly ones.
The acquired companies bring valuable expertise to ZenaTech’s portfolio. Interactive Systems, Inc. provides software for managing various aspects of warehouse operations, including inventory management, e-commerce, and order processing. It also supports handheld devices for warehouse workers and features customized interfaces for automation and material handling equipment. InterlinkONE, Inc. offers solutions for maintaining multiple warehouses on different platforms and integrating them with associated applications for ERP, ecommerce, and finance.
Central to this acquisition is the integration with ZenaTech’s ZenaDrone IQ Nano, a compact indoor drone designed for regular and frequent inspections in warehouse, distribution, or plant facilities. The IQ Nano, measuring 10×10 inches and weighing 1.5kg, is equipped with integrated sensors, high-quality cameras, and data collection and analysis capabilities. It can perform tasks such as barcode or RFID scanning, facility maintenance inspections, security monitoring, and 3D indoor mapping.
This acquisition represents a significant step forward in the automation of warehouse and logistics operations. By combining advanced drone technology with sophisticated warehouse management software, ZenaTech is positioning itself at the forefront of the industry’s digital transformation. The ability to perform frequent, autonomous inventory checks could lead to more accurate stock management, reduced labor costs, and improved overall operational efficiency.
The impact of this technology extends beyond individual businesses. As supply chains become increasingly complex and consumer demands for rapid delivery grow, the need for efficient warehouse management has never been greater. ZenaTech’s integrated solution has the potential to address these challenges, potentially reshaping inventory management practices across various industries.
While the acquisition is subject to shareholder and regulatory approvals, it signals ZenaTech’s commitment to innovation in the AI and drone technology sectors. As the company continues to expand its offerings and global presence, this move could set a new standard for inventory management in the digital age, potentially influencing how warehouses and logistics centers operate worldwide.
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