ScanTech AI Systems Inc. (the “Company” or “ScanTech AI”) (Nasdaq: STAI), a leading innovator in advanced security screening technologies, today announced that it has entered into a non-binding Letter of Intent (“LOI”) with Visiontec Systems Ltd. (“Visiontec”) for the planned purchase of additional SENTINEL Fixed Gantry CT inspection systems. The systems are intended for deployment at one of the world’s largest nuclear power facilities.
The Company believes that this LOI represents a strategic expansion of ScanTech AI’s presence in the energy and infrastructure sectors, building on the Company’s initial $3.5 million engagement with Visiontec. The Company estimates the value of the planned system deployments to exceed $1 million, based on the LOI and historical purchasing trends with Visiontec and demand patterns within the nuclear energy sector.
“We believe that this follow-on commitment from Visiontec reflects accelerating market adoption of our SENTINEL platform and the value it brings to protecting mission-critical assets,” said Dolan Falconer, CEO of ScanTech AI. “We are honored to support Visiontec in working to deliver enhanced safety, regulatory compliance, and operational continuity at one of North America’s most vital nuclear sites. We view this collaboration as an encouraging step toward achieving our 2025 growth objectives and advancing our energy sector initiatives.”
About ScanTech AI
ScanTech AI Systems Inc. (Nasdaq: STAI) has developed one of the world’s most advanced non-intrusive ‘fixed-gantry’ CT screening technologies. Utilizing proprietary artificial intelligence and machine learning capabilities, ScanTech AI’s state-of-the-art scanners accurately and quickly detect hazardous materials and contraband. Engineered to automatically locate, discriminate, and identify threat materials and items of interest, ScanTech AI’s solutions are designed for use in airports, seaports, borders, embassies, corporate headquarters, government and commercial buildings, factories, processing plants, and other facilities where security is a priority.
For more information, visit www.scantechais.com and investor.scantechais.com.
