Articles from ScanTech AI Systems Inc.

How ScanTech AI is setting new standards with AI-driven CT scanning

Partnership Leverages Creeksource’s Federal Contracting Advantage to Expand AI Security Solutions for DoD

Company Engaged with Industry Leaders to Discuss the Future of TSA’s Electronic Baggage Screening Program

Atlanta, GA, Feb. 27, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (Nasdaq: STAI) (the “Company” or “ScanTech AI”), a leading publicly-traded innovator of next-generation AI-enhanced checkpoint security scanning products is exploring opportunities within the Stargate AI Initiative, which was introduced by President Donald J. Trump on January 21, 2025.  Stargate, a major public-private partnership between the federal government and industry equity partners, SoftBank, OpenAI, Oracle, and MGX, seeks to establish advanced data centers and to proliferate quantum computing infrastructure across the U.S.  With an initial investment of $100 billion and plans to scale up to $500 billion over four years, the initiative is projected to create more than 100,000 American jobs and to drive a next-generation overhaul of critical AI infrastructure. 

ScanTech AI is leading the charge in combating contraband in correctional facilities with cutting-edge artificial intelligence merged with advanced CT scanning technology

Company Has Maintained a Stable Financial Structure with No Variable-Price Convertible Debt as It Files its Initial Resale S-1 Registration Statement

Atlanta, GA, Feb. 10, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems, Inc. (NASDAQ: STAI) (the “Company” or “ScanTech AI”), a publicly-traded innovator of next-generation checkpoint security scanning solutions, today reaffirmed its commitment to transforming the security screening industry through AI-driven technologies amid strong operational fundamentals and global tailwinds. The is addressing what its CEO Dolan Falconer believes may be “short-sighted trading activity by certain market participants, together with potential high-volume short activity” that has pressured the Company’s share price in recent weeks.

Company’s Advanced Checkpoint Screening Technology Poised to Become an Essential Tool in the Detection and Seizure of Fentanyl and Other Contraband at the US-Canadian Border

Buford, GA, Jan. 30, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems, Inc. (NASDAQ: STAI, ScanTech, or ScanTech AI), a security solutions provider offering one of the world’s most advanced non-intrusive “fixed-gantry” CT screening technologies,  proudly announced today the successful deployment and operational launch of its cutting-edge ‘fixed-gantry’ computed tomography (CT) security scanners at multiple nuclear power facilities across Canada. Ontario Power Generation (OPG) has chosen ScanTech’s next-generation scanning technology to enhance security and replace legacy X-ray screening systems, marking a major advancement in personnel screening efficiency, accuracy, and safety at critical infrastructure checkpoints.

Buford, GA, Jan. 21, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems, Inc. (“ScanTech” or the “Company”) is pleased to announce today the appointment of its new Chief Financial Officer, James White. With more than two decades of experience in private and public company financial reporting, compliance, and operational infrastructure, Mr. White has built a reputation for driving operational excellence and fostering growth.

ATLANTA, GA, Jan. 08, 2025 (GLOBE NEWSWIRE) -- 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.