ZenaTech, Inc. (NASDAQ: ZENA) shares gained Tuesday. The company, a technology solution provider specializing in AI (Artificial Intelligence) drone, Drone as a Service (DaaS), enterprise SaaS, and Quantum Computing solutions, today announces that its new Ukrainian subsidiary, Phoenix Aero LLC, is expected to serve as a manufacturing and export base for counter-UAS and interceptor drone systems targeted to defense customers across Gulf Cooperation Council (GCC) countries.
These countries include Saudi Arabia, the UAE, Qatar, Kuwait, Bahrain, and Oman and have demonstrated increasing demand for scalable, lower-cost counter-drone systems. The Lviv-based facility is designed to combine real-world testing conditions with European cost structures to support scalable production for GCC regional defense demand and U.S. defense partners in the Middle East.
“The Middle East is moving decisively toward attritable, AI-enabled counter-drone systems that can be fielded at scale and at unit economics that legacy air defense platforms cannot match,” said CEO Shaun Passley.
“By producing in Western Ukraine, we will be able to offer regional defense customers systems that are continuously refined against real-world threat profiles, manufactured at competitive cost structures, and designed for the volumes these missions require. That combination is what defines the next generation of layered air defense, and our goal is to be a leading Western supplier into that market.”
ZenaTech management believes Western Ukraine is a strategic location for drone manufacturing and testing due to its established aerospace engineering talent base, competitive production environment, and strong ecosystem of drone innovation and rapid iteration.
ZENA shares tacked on five cents, or 2.6%, to $2.04.
Tech Insider
