ZenaTech Shares Rise After Launch of Drone Project for Weather Forecasting

Dow Jones12-12

By Chris Wack

ZenaTech shares rose after the company said it launched a Quantum Computing project for traffic optimization and weather forecasting using the company's drones.

Shares were up 15% to $6.57 in recent trading. ZenaTech shares began trading on the Nasdaq Capital Market in late September, and have traded as high as $12.43 a share.

The drone technology company said the project, called Sky Traffic, was developed following interest receivedfrom a government client to use the company's ZenaDrone 1000 drones to monitor vehicle traffic.

The project would provide real-time traffic data to both the government agency and to drivers, with a goal of improving the precision, accuracy and speed of information to optimize functions such as traffic flows and routing, traffic signal management, public safety, and deployment of government services.

Write to Chris Wack at chris.wack@wsj.com

(END) Dow Jones Newswires

December 12, 2024 10:39 ET (15:39 GMT)

Copyright (c) 2024 Dow Jones & Company, Inc.

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