ZenaTech, Inc. has announced a strategic acquisition of Ecker Capital LLC, the parent company of warehouse management software firms InterlinkONE Inc. and Interactive Systems Inc., marking a significant enhancement to its ZenaDrone IQ Nano AI drone solution. This acquisition is poised to revolutionize autonomous inventory management for warehouse and logistics customers by integrating advanced drone technology with sophisticated warehouse management software.
The financial implications of this acquisition are notable, with the combined operating income for the acquired companies reported at $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., highlighted the acquisition's potential to add recurring revenue and functionality to the ZenaDrone IQ Nano, estimating inventory cost savings in the millions of dollars annually for multi-warehouse facility customers through hourly inventory assessments.
Interactive Systems, Inc. and InterlinkONE, Inc. bring to ZenaTech a wealth of expertise in warehouse operations management, including inventory management, e-commerce, and order processing, as well as solutions for managing multiple warehouses across different platforms. The integration of these capabilities with the ZenaDrone IQ Nano, a compact indoor drone equipped with sensors, cameras, and data analysis tools, enables tasks such as barcode scanning, facility inspections, and 3D indoor mapping, setting a new benchmark in warehouse automation.
This acquisition underscores ZenaTech's commitment to leading the digital transformation in warehouse and logistics operations. By enabling frequent, autonomous inventory checks, the company aims to improve stock accuracy, reduce labor costs, and enhance operational efficiency. As supply chains grow more complex and consumer expectations for quick delivery increase, ZenaTech's innovative solution offers a timely response to the pressing need for efficient warehouse management.
Subject to shareholder and regulatory approvals, this acquisition not only expands ZenaTech's portfolio and customer base but also positions the company as a pioneer in integrating AI drone technology with warehouse management software. The potential impact of this technology extends beyond individual businesses, promising to influence inventory management practices across industries and redefine operational standards in warehouses and logistics centers worldwide.
