Another great CapitalGainsReport article out featuring $EPAZ
CapitalGainsReport: OTC Momentum Watchlist (EPAZ, GTCH, TSOI, SIRC) The OTC market has always been an attractive destination for investors seeking to capitalize on the potential of small-cap stocks. With many stocks trading below $0.5, the market provides ample opportunities for investors looking for high-risk, high-reward momentum plays. Yesterday, several such stocks witnessed positive gains, and the question now is whether they can sustain that momentum. In this article, we will examine some potential momentum plays on the OTC market and analyze their prospects for the near future.
Epazz Inc. (OTC: EPAZ), a provider of drone technology, blockchain mobile apps, and cloud-based business software solutions, had a successful day on Thursday, finishing up 5.45%. ZenaDrone Inc., an EPAZ spinoff, has been focusing its attention on the development of its flagship drone, the ZenaDrone 1000.
ZenaDrone is positioned as one of the beneficiaries of the overall growth trend in the drone market. The Zenadrone 1000 is equipped with machine learning systems, AI technology, and multispectral sensors, making it suitable for use in various industries such as military, agriculture, and oil and gas. Additionally, the drone's ability to generate 3D interactive environment maps from the data collected by its cameras makes it highly versatile across different sectors.
Most recently, EPAZ announced that ZenaDrone Inc. is expanding its facilities in Dubai, UAE, to increase production of the ZenaDrone 1000. The expansion is needed to meet the requirements of several pilot program agreements that involve the extended use of ZenaDrone 1000 by customers.
Additionally, ZenaDrone has multiple drone demonstrations scheduled, which requires the need for more drones. Last year, ZenaDrone produced 10 ZenaDrone 1000; this year, the goal is to increase production to over 20 drones per month, with the capacity to produce 40 drones in the same facility. This expansion and increased production capacity will allow ZenaDrone to meet its obligations and increase its presence in the drone market.
CEO Shaun Passley, Ph.D., said, "We are encouraged by the level of interest we have received and, based on the pilot program agreements and the number of scheduled demonstrations, it is time to expand to double the size of our production facility."
The U.S. Air Force has expressed interest in using ZenaDrone 1000 for drone cargo delivery, which includes blood transport, and has invited ZenaDrone to conduct tests under battlefield conditions at an overseas base. ZenaDrone is also qualified to submit a Phase II SBIR grant for external funding of its cargo delivery solution, with grants generally up to $1.2 million for a two-year period.
Investors looking for exposure to the promising military drone market could consider Epazz Inc. (OTC: EPAZ) as a potentially attractive penny stock, given the potential for significant revenue growth from its flagship ZenaDrone product and the expanding demand for military drones in the US.
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