ZenaTech Expands Global Reach with Frankfurt Stock Exchange Listing

ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q), a technology company specializing in AI drone solutions and enterprise SaaS offerings, has announced the dual listing of its shares on the Frankfurt Stock Exchange (FSE) under the symbol "49Q" as of October 31, 2024. This strategic move opens up new avenues for European investors and aligns with the company's growing presence in the European market.

The decision to list on the Frankfurt exchange is significant for several reasons. Firstly, it provides European investors with easier access to ZenaTech's shares, potentially broadening the company's investor base and increasing liquidity. Secondly, the move corresponds with ZenaTech's existing operations in Europe, including an office in Germany and a growing customer base for its SaaS software and AI drone business.

CEO Shaun Passley, Ph.D., emphasized the strategic importance of this listing, stating that it will provide "an additional path for European investors to gain exposure to our company and increase our liquidity, trading, and investor following." This expansion of ZenaTech's market presence could lead to increased visibility and potentially attract more European customers and partners.

The Frankfurt Stock Exchange, being the largest in Germany and the third largest in Europe based on market capitalization, offers ZenaTech a prominent platform for growth. Its electronic trading platform, Xetra, provides direct linkage to major European financial hubs, potentially enhancing ZenaTech's financial connectivity across the continent.

ZenaTech's core business focuses on AI drone solutions and enterprise SaaS solutions for mission-critical applications. The company serves over 100 enterprise software customers in law enforcement, government, and industrial sectors, while its drone technology is being implemented in agriculture, defense, and logistics. This dual listing could potentially accelerate the adoption of ZenaTech's innovative technologies in the European market.

As ZenaTech expands its global footprint, this move may signal a trend for other tech companies specializing in AI and drone technologies to seek similar international listings. It also highlights the growing importance of the European market for North American tech firms, especially those operating in the AI and drone sectors.

Investors and industry observers should watch closely to see how this dual listing impacts ZenaTech's market performance, customer acquisition in Europe, and overall growth trajectory in the coming months. The success of this strategy could influence other companies in the sector to consider similar international expansion plans.