ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q) has announced a strategic acquisition of Ecker Capital LLC, the holding company for warehouse management software firms InterlinkONE Inc. and Interactive Systems Inc. This move is poised to bolster ZenaTech's ZenaDrone IQ Nano AI drone solution, offering autonomous inventory management capabilities to warehouse and logistics customers. The acquisition is expected to enrich ZenaTech's SaaS software solutions portfolio, expand its customer base, and increase recurring revenues.
Financial highlights from the acquisition reveal combined operating incomes of $354,000 on $678,000 revenue for the first nine months of 2024, and $386,000 on $949,000 revenue for fiscal year 2023. ZenaTech CEO Shaun Passley, Ph.D., underscored the acquisition's potential to enhance the ZenaDrone IQ Nano's functionality for autonomous inventory management, projecting inventory cost savings in the millions annually for multi-warehouse facilities through hourly inventory assessments.
Interactive Systems, Inc. and InterlinkONE, Inc. bring to ZenaTech expertise in warehouse operations management, including inventory management, e-commerce, and order processing, alongside solutions for managing multiple warehouses across different platforms. The integration of these capabilities with the ZenaDrone IQ Nano—a compact indoor drone equipped for inspections, barcode or RFID scanning, and 3D indoor mapping—signals a leap forward in warehouse and logistics automation.
This acquisition not only positions ZenaTech as a leader in the digital transformation of warehouse management but also addresses the growing complexity of supply chains and consumer demands for swift delivery. By enabling frequent, autonomous inventory checks, ZenaTech's solution promises more accurate stock management, reduced labor costs, and enhanced operational efficiency, potentially setting new industry standards for inventory management worldwide.
Pending shareholder and regulatory approvals, this acquisition underscores ZenaTech's dedication to innovation in AI and drone technology, marking a significant milestone in the evolution of warehouse and logistics operations in the digital age.
