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.
In connection with Stargate, the President also signed an
Executive Order entitled, “Removing Barriers to American Leadership
in Artificial Intelligence,” making it U.S. policy to, “sustain and
enhance America’s global AI dominance in order to promote economic
competitiveness and national security.” Together, they
represent a significant opportunity for ScanTech AI to expand its
collaborations with the U.S. government, state agencies and private
business.
ScanTech AI’s checkpoint scanning systems, which already
safeguard two of North America’s largest nuclear power plants,
employ proprietary AI-driven advanced machine learning algorithms
that will benefit from the expanded AI infrastructure planned by
Stargate. ScanTech AI’s scanners will integrate seamlessly
into the advanced closed network quantum AI architecture envisioned
by Stargate to improve infrastructure security application of its
technology.
The Company’s scanners offer advanced CT-grade detection and
imaging without the moving parts and maintenance challenges of
traditional CT scanners, resulting in lower acquisition and upkeep
costs. These features, combined with AI, significantly enhance the
efficiency of security checkpoints by allowing passengers to leave
liquids and electronics in their bags, making the screening process
faster and providing threat and contraband detection capabilities
that can instantly and automatically detect contraband such as
explosives, weapons and drugs.
“The United States’ focus on global AI leadership is aligned
directly with ScanTech AI’s core mission of improving global
security infrastructure through the use of advanced scanning
technology combined with Artificial Intelligence,” said Dolan
Falconer, CEO of ScanTech AI. “Our checkpoint scanners are
already driven by AI and machine learning and we believe that we
are positioned to support these new AI initiatives.”
By aligning with the objectives of the Stargate AI Initiative,
ScanTech AI aims to:
- Expand
AI-Enhanced Detection & Analysis: ScanTech AI’s proprietary
machine learning algorithms continue to evolve, improving threat
detection accuracy while enabling passengers to leave liquids and
electronics in their bags. The quantum-powered AI capabilities to
be delivered by Stargate, when combined with ScanTech AI’s
proprietary closed-network architecture (which enables systems to
communicate and learn from each other in the field in real time),
will help to propel ScanTech AI’s capabilities forward and enable
it to instantly respond to new threats as they emerge around the
world.
- Integrate into
U.S. National Infrastructure: ScanTech AI’s modular software
architecture will enable almost seamless integration with existing
and future AI infrastructure investments, meaning that as Stargate
takes hold and the space grows, ScanTech AI believes it will also
grow as it harnesses new advances in the coming months and
years.
- Collaborate with
the U.S. Government: Building on successful deployments and
more than ten years of work with the U.S. Transportation Security
Administration (TSA), ScanTech AI is actively engaging with
additional federal and state agencies and the U.S. military
interested in its lower-cost, higher performing AI-driven
checkpoint CT security scanning solutions.
As ScanTech AI continues to innovate in the checkpoint security
technology sector, we will remain committed to contributing to the
nation’s AI ecosystem, helping to ensure safer and more efficient
security solutions for all said Mr. Falconer. “With the anticipated
expansion of AI infrastructure investment, ScanTech AI is
positioned to provide next-generation security solutions that align
with both current and future government requirements,” Mr. Falconer
later added.
About ScanTech AI Systems Inc. (Nasdaq: STAI)
ScanTech AI is an innovator of next-generation “fixed-gantry”
checkpoint security scanners for use at airports, border
checkpoints, public events, and for parcel and cargo screening.
ScanTech AI scanners are already safeguarding two of the largest
nuclear power plants in Canada and have been deployed for
operational testing by the TSA at Philadelphia International and
San Diego International Airports. ScanTech AI’s checkpoint scanners
instantly and automatically detect many conventional and advanced
weapons, explosives, drugs, cash, and other hazardous materials and
contraband without the potential for human error or the need to
open bags, parcels, or containers.
While similar in appearance to existing checkpoint scanners,
ScanTech AI’s solutions leverage CT-grade detection capabilities
and imaging—without the moving parts, reliability issues, and
expense of traditional CT scanners. Low acquisition and maintenance
costs, faster throughput, and AI-driven threat detection are core
benefits for government agencies and private-sector customers
seeking to leave liquids and electronics in bags while maintaining
the highest security standards.
Forward-Looking Statements
This press release contains forward-looking statements within
the meaning of Section 27A of the U.S. Securities Act of 1933, as
amended (the “Securities Act”), and Section 21E of the U.S.
Securities Exchange Act of 1934, as amended (“Exchange Act”),
including statements regarding ScanTech AI’s management team’s
expectations, hopes, beliefs, intentions, plans, prospects or
strategies regarding the future, including possible business
combinations, partnerships, growth, revenue growth and financial
performance, product expansion and services, and alignment or
efforts to align with the federal Stargate AI Initiative. Any
statements contained herein that are not statements of historical
fact may be deemed to be forward-looking statements. Additionally,
any statements that refer to projections, forecasts or other
characterizations of future events or circumstances, including any
underlying assumptions, are forward-looking statements. The words
“may,” “will,” “could,” “would,” “should,” “expect,” “intend,”
“plan,” “anticipate,” “believe,” “estimate,” “predict,” “project,”
“potential,” “continue,” “ongoing,” “target,” “seek” or the
negative or plural of these words, or other similar expressions
that are predictions or indicate future events or prospects, may
identify forward-looking statements, but the absence of these words
does not mean that a statement is not forward-looking. The
forward-looking statements contained in this press release are
based on the current expectations and beliefs made by the
management of ScanTech AI, in light of their respective experience
and their perception of historical trends, current conditions and
expected future developments and their potential effect on ScanTech
AI, as well as other factors they believe are appropriate under the
circumstances. There can be no assurance that future developments
affecting ScanTech AI will be those that it has anticipated. These
forward-looking statements involve a number of risks, uncertainties
(some of which are beyond the control of the parties) or other
assumptions that may cause actual results or performance to be
materially different from those expressed or implied by these
forward-looking statements, including product and service
acceptance, regulatory oversights, research and development
success, and that ScanTech AI will have sufficient capital to
operate as anticipated. Should one or more of these risks of
uncertainties materialize, or should any of the assumptions of
ScanTech AI prove incorrect, actual results may vary in material
respects from those projected in these forward-looking statements.
Additional factors that could cause actual results to differ are
discussed under the heading “Risk Factors” and in other sections of
the filings of ScanTech AI (and its predecessor, Mars) with the
SEC, and in the current and periodic reports filed or furnished by
ScanTech AI (and its predecessor, Mars) from time to time with the
SEC. All forward-looking statements in this press release are made
as of the date hereof, based on the information available to
ScanTech AI as of the date hereof, and ScanTech AI assumes no
obligation to update any forward-looking statement, whether as a
result of new information, future events or otherwise, except as
may otherwise be required under applicable securities laws.
ContactScanTech AI Systems Inc.James White,
CFOjwhite@scantechibs.com
Investor & Media RelationsInternational
Elite Capital Inc.Annabelle Zhang+1(646)
866-7928 annabelle@iecapitalusa.com
ScanTech AI Systems (NASDAQ:STAI)
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