EPAZ - Epazz’s ZenaDrone Subsidiary Gains Traction With the U.S. Military Closing In On First Government Contracts
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The use of dronesand unmanned aerial vehicles (UAVs) has become increasingly importantfor the U.S. military in recent years. These advanced technologiesoffer a range of benefits that make them invaluable in modern warfare.
Drones provide asafer alternative to traditional manned aircraft, allowing foroperations in dangerous or remote areas without risking the lives ofpilots. They also offer enhanced surveillance capabilities, allowingmilitary personnel to monitor enemy movements and gather intelligencewithout the need for ground troops.
Additionally, drones can be equipped with variousweapons systems, allowing them to engage targets with precision andaccuracy from a safe distance. As such, drones and UAVs have become acritical component of the U.S. military's arsenal, and their useis likely to continue to expand in the future.
One company that isworking closely with the U.S. military to expand drone technologiesand capabilities is Epazz, Inc. (OTC Pink: EPAZ) and its ZenaDronesubsidiary.
How Much is the U.S. Military Spending On Drones & WhatIs The Growth Outlook For UAVs?
For the fiscal year 2022, the U.S. Departmentof Defense (DoD) set aside $8.2 billion for the research,development, testing, and evaluation of unmanned systems and robotictechnologies. This represents an increase of roughly $700 million infunding for drones compared to the fiscal 2021 budget. The annual DoDbudget for UAVs has been increasing over the past several years. Forcontext, the U.S. DoD allocated $7.5billion to these specialized technologies during the fiscal year2018.
Anotherfactor driving the U.S.’s growth in drone and military spending isheavily influenced by China’s increased military output. In March2023, China announced it increased defense spending by 7.1% in 2022 to 1.45 trillion yuan. For 2023,China has already announced an additional 7.2% spending increase to anew annual total of 1.56 trillion yuan.
China has also been cozying up to Middle Eastnations looking to bolster their armed drone fleets. In fact, Chinaand Saudi Arabia began workingtogether in 2022 to develop military drones that havecommunications, flight control, camera, radar, and wireless detectioncapabilities.
According to MarketsN Research , the global autonomous drone market was valued at $15.5billion in 2022 and is estimated to reach a valuation of $56.5 billionby 2030. This represents a very impressive compound annual growth rate(CAGR) of 20.30% between 2023 and 2030. The market research firm notesthat the growth estimate is being driven by the projected rise of UAVsacross a wide range of applications, including national security,government operations, and commercial uses.
Given the tremendousgrowth in the autonomous drone market coupled with an early-stage armsrace between the U.S. and China, spending and demand for the latestand greatest drone technologies will likely continue to see meaningfulgrowth through the rest of the decade at least.
Introducing Epazz andZenaDrone
Epazz is an Illinois-based provider of mission-critical dronetechnology, blockchain mobile apps, and cloud-based business softwaresolutions. The company trades on the OTC Markets board under thesymbol "EPAZ." For this article, we will be focusing onEpazz’s ZenaDrone subsidiary.
ZenaDrone provides multifunctional UAV s integrated with machinelearning systems, multispectral sensors, and artificial intelligence(AI) technologies. Using its camera capture feature, ZenaDrone cancreate an interactive 3D environment that can be manipulated andsimulated through the use of predictive AI analytics, also known aspredictive modeling. This means that the interactive 3D environmentcan combine acquired data with predictive analytics to forecast futureoutcomes.
TheZenaDrone 1000's portable size is fitted with foldable carbonfiber propellers for quicker speed and steadfast hovering in the air.Its body is enveloped and reinforced with durable carbon fiber wrap toresist humidity, heat, moisture, and other atmospheric impacts on thedrone's integrity. The ZenaDrone 1000 is an intelligent smartdrone for commercial, industrial, and agricultural use. It isintegrated with machine learning software and artificial intelligencefor precise navigation. Autofitted with detachable hardwarecomponents, it is customizable to meet unique business and industrialneeds.
While themilitary application of ZenaDrone is the initial focus of Epazz, theUAV systems have a wide application use across numerous industriesincluding farming & agriculture, environmental monitoring, powerline & utility inspection, oil & gas, mining, construction,livestock management, and many more.
ZenaDrone: Recent News &Developments
Since the start of 2023, Epazz and ZenaDrone have seen verymeaningful updates in their mission to secure the companies’ firstgovernment contract for the ZenaDrone 1000 UAV. Over the past threemonths, ZenaDrone has been awarded a utility patent from the U.S.Patent and Trademark Office for its predictive AI smart charging padfor its ZenaDrone 1000.
Furthermore, Epazz and ZenaDrone have been invited by the U.S.Air Force to visit a California airbase to demonstrate and showcasethe ZenaDrone 1000 model. In addition, the companies are working onsecuring Phase 1 SBIR and access to the BlueUAS program.
Here is a deeperbreakdown of Epazz and ZenaDrone’s recent accomplishments:
March2023:
7 th : EpazzHoldings is proud to announce the receipt of their newly issued utilitypatent from the US Patent Office - an AI predictive smart chargingpad specifically designed for the ZenaDrone 1000. This marks theirsecond patent granted for ZenaDrone technology, with two additionalpatents currently being reviewed. The ZenaDrone team plans to utilizepredictive AI analytics to further enhance its AI technology andexpand its global impact across a multitude of industries.
The Drone SmartCharging Pad is expected to be priced at less than $15,000, which isvery competitive compared to the other drone charging optionsavailable on the market today. Many competitor options have chargingpads for drones weighing less than 55 pounds with a price tag between$4,000 and $15,000. The smart charging bad has a built-in computervision feature that allows it to understand its surroundingenvironment and select the best location for charging. The chargingpad also has options for solar panels or wind power, which gives theability to charge in remote locations.
1 st : TheUS AirForce has cordially invited ZenaDrone to display its revolutionaryZenaDrone 1000 at a California air base on the 16th and 17th of March- marking the first time a military base has interacted with dronetechnology. With an eye on US government contracts, the company hasalready applied for Phase 1 SBIR contracts and is actively seeking outadditional partnerships for Phase 2. In addition, they have applied tothe US government's BlueUAS program, which encourages the use ofMade-in-America drones. ZenaDrone is making sure to leave no stoneunturned as it strives to make its mark in the industry!
February2023:
27 th : Epazz recently submitted Phase1 SBIR proposals for ZenaDrone, an innovative provider ofmultifunctional unmanned aerial vehicles equipped with machinelearning systems, multispectral sensors, and AI technology. As the USgovernment strives to meet its need for non-Chinese drones, they haveinitiated the BlueUAS program to acquire American-made drones.Currently, ZenaDrone is in the process of applying for the BlueUASprogram - a list that is still growing.
ZenaDrone estimates to hear back within 90days from the government regarding its Phase 1 SBIR proposal. OncePhase 1 has been approved, ZenaDrone will be able to submit proposalsup to $75,000. The company says it will then begin the steps to moveup to Phase 2 SBIR, which increases the contract amount to up to $1.2million per proposal.
CEO Shaun Passley, Ph.D., said, “We are taking multiplepathways to becoming a government contractor of drones. It is a majoropportunity for us, as Chinese drones are banned by the US government.It has opened up major demands for our drones.”
14th: Epazz has revealed that their subsidiary, ZenaDrone, will bepresenting demonstrations of their drone technology to U.S. government agencies. Thesedemonstration flights will provide an opportunity to show how thedrone performs in specialized settings, following the success ofZenaDrone's appearances at various industry expos and conferencesin 2022. These events led to the booking of these all-important flightdemos.
Overall,Epazz and its ZenaDrone subsidiary are in a very great position tobenefit from the forecasted growth and demand for autonomous dronesand other UAV technologies. The U.S. military seems to be increasinglyinterested in testing out ZenaDrone and its capabilities, as seen withits recent invite from the U.S. Air Force to come to showcase itstechnology at a California airbase. This represents a majoropportunity for the company to get first-person feedback from militarypersonnel on the ZenaDrone 1000.
The road to its first government contract continuesto gain steam after filing the Phase 1 SBIR proposal in late February2023. This means ZenaDrone could get a response from the governmentaround late May 2023 regarding the Phase 1 SBIR proposal. Managementhas already stated their interest in expanding to Phase 2 SBIR uponapproval of Phase 1, as it will allow for total proposal amounts toincrease from $75,000 to $1.2 million per contract.
In the end, Epazz’sinitial focus on the military application for its drone business couldserve as a great foundation and proof-of-concept for the company to goout and build out the ZenaDrone business in countless other applicableindustries. Epazz and ZenaDrone appear to be setting up for a strongfuture.
The Post“ Epazz’s(OTC Pink: EPAZ) ZenaDrone Subsidiary Gains Traction With the U.S.Military, Closing In On First Government Contracts ” FirstAppeared On SpotlightGrowth .
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