ScanTech AI Systems Inc (STAI) Quote

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ScanTech AI Systems Inc. Charts Growth Path Following Successful de-SPAC TransactionJanuary 08 2025 - 4:15PM


ScanTech AI Systems Inc. (NASDAQ:  STAI, or ScanTech AI) , a security solution provider offering one of the world’s most advanced non-intrusive “fixed-gantry” CT screening technologies,  announced today, following its successful merger with ScanTech Identification Beam Systems, LLC,  that it now seeks to become a leading security solution provider for U.S. and global airport, cargo, homeland, and border security screening.ScanTech AI is a leading innovator of next generation Computed Tomography (CT) security solutions for use at airport and commercial security lanes, border and public event checkpoints, and cargo and parcel screening centers.  ScanTech AI’s scanners are already protecting two of Canada’s largest nuclear power plants, and following its listing on NASDAQ, the company is well-positioned to pursue significant growth opportunities across multiple sectors, leveraging its competitive edge afforded by patented and proprietary screening technology.  ScanTech AI scanners look very much like existing checkpoint and parcel scanners and offer advanced CT detection and material discrimination without the moving parts, maintenance issues, or high costs of traditional CT scanners.  Lower acquisition and maintenance costs, the prospect of significantly speeding up checkpoints and screening centers, AI-driven machine learning, and the ability to leave liquids, electronics, and other items inside bags and containers are all central selling points for ScanTech AI screening systems.“In summary, our CT scanning systems detect a world-class variety of threats and items of interest with great accuracy and reliability, all with industry leading throughput and minimal maintenance downtime,” said Rocky Starns, former Westinghouse and Renishaw plc executive, and ScanTech AI’s founding Chief Technology Officer.  “Our scanners can instantly and automatically detect explosives, drugs and other hazardous materials, reducing the potential for human error and providing law enforcement, first responders, and security personnel more time to assess and deal with any potential threat.”ScanTech AI’s Chairman Karl Brenza added, "As ScanTech AI embarks on the next phase of its growth strategy as a public AI-driven technology company, I am thrilled to be partnering with Mr. Falconer and his team as we accelerate our impact in the security solutions market.  ScanTech AI’s funding options have expanded as a public company, which will help drive growth and the execution of its commercial sales strategy."“Following our major order from the nuclear utility industry last year, we are proud to protect critical infrastructure such as nuclear power facilities in Canada, and we are actively pursuing opportunities to expand our footprint,” said CEO Dolan Falconer.  “As we continue to innovate, we see significant potential in deploying our CT scanners to detect items people are bringing or shipping into the United States at our borders.”  Mr. Falconer added, “Our focus is on developing and manufacturing screening solutions that make our country and this world a safer place to live, and we are proud the public can now join us on this most important path.  It’s time to go long on defending peace and liberty, both at home and abroad.”About ScanTech AI Systems Inc.ScanTech AI has developed one of the world’s most advanced non-intrusive ‘Fixed-Gantry’ CT screening technologies.  and utilizes proprietary Artificial Intelligence (AI) and machine learning capabilities to accurately and quickly detect hazardous materials and contraband.  ScanTech AI’s screening solutions are engineered to automatically locate, discriminate, and identify threat materials and items of interest at checkpoints in airports, seaports, borders, embassies, corporate headquarters, government & commercial buildings, factories, processing plants, and other facilities where terrorism and prohibited items are a possibility.  Whether explosives or contraband, ScanTech AI’s ‘Fixed-Gantry’ CT scanners can detect, identify, precisely locate, and discriminate materials of interest hidden inside scanned targets.  From suitcases, briefcases, and backpacks to large packages, and parcels, ScanTech AI has a non-intrusive inspection solution to meet the requirements of a broad range of critical infrastructure industries. Forward-Looking Statements

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