ScanTech AI Systems, Inc. Commends Canadian Government for Border Compliance Efforts
ScanTech AI Systems (NASDAQ: STAI) commends Canada's recent $1.3 billion border security initiative announced on January 14, 2025. The company's checkpoint scanning technology, currently protecting two Canadian nuclear plants, is excluded from cross-border tariffs due to its critical security role.
The company's AI-driven scanners offer CT-grade detection with lower maintenance costs than traditional CT scanners and can process screenings up to 4x faster. The technology has been successfully tested by TSA at Philadelphia and San Diego International Airports.
ScanTech AI estimates approximately $100 million in scanner requirements to cover 120 legal land ports-of-entry between the US and Canada. The company aims to expand its presence in Canada's border security infrastructure, particularly in fentanyl and contraband detection.
ScanTech AI Systems (NASDAQ: STAI) elogia l'iniziativa canadese sulla sicurezza dei confini del valore di 1,3 miliardi di dollari, annunciata il 14 gennaio 2025. La tecnologia di scansione ai controlli di sicurezza dell'azienda, attualmente a protezione di due impianti nucleari canadesi, è esente da dazi doganali grazie al suo ruolo critico per la sicurezza.
I scanner guidati dall'IA dell'azienda offrono rilevazione di grado CT con costi di manutenzione inferiori rispetto ai tradizionali scanner CT e possono elaborare i controlli fino a 4 volte più velocemente. La tecnologia è stata testata con successo dalla TSA negli aeroporti internazionali di Philadelphia e San Diego.
ScanTech AI stima un fabbisogno di circa 100 milioni di dollari per gli scanner per coprire 120 porti d'ingresso legali tra Stati Uniti e Canada. L'azienda mira ad espandere la sua presenza nelle infrastrutture di sicurezza ai confini canadesi, in particolare nella rilevazione di fentanyl e contrabbando.
ScanTech AI Systems (NASDAQ: STAI) elogia la reciente iniciativa de seguridad fronteriza de Canadá por 1.3 mil millones de dólares, anunciada el 14 de enero de 2025. La tecnología de escaneo en puntos de control de la empresa, que actualmente protege dos plantas nucleares canadienses, está exenta de aranceles transfronterizos debido a su papel crítico en la seguridad.
Los escáneres impulsados por IA de la empresa ofrecen detección de grado CT con costos de mantenimiento más bajos que los escáneres CT tradicionales y pueden procesar los chequeos hasta 4 veces más rápido. La tecnología ha sido probada exitosamente por la TSA en los aeropuertos internacionales de Filadelfia y San Diego.
ScanTech AI estima que se requieren aproximadamente 100 millones de dólares en escáneres para cubrir 120 puertos de entrada legales entre EE. UU. y Canadá. La empresa tiene la intención de expandir su presencia en la infraestructura de seguridad fronteriza de Canadá, especialmente en la detección de fentanilo y contrabando.
ScanTech AI Systems (NASDAQ: STAI)는 2025년 1월 14일에 발표된 13억 달러 규모의 캐나다 국경 보안 이니셔티브를 칭찬합니다. 이 회사의 검사대 스캐닝 기술은 현재 두 개의 캐나다 원자력 발전소를 보호하고 있으며, 그 중요한 보안 역할 때문에 국경 간 관세가 면제됩니다.
회사의 인공지능 기반 스캐너는 CT 등급 탐지를 제공하며 전통적인 CT 스캐너보다 유지보수 비용이 낮고 최대 4배 빠르게 검사를 처리할 수 있습니다. 이 기술은 필라델피아와 샌디에이고 국제공항에서 TSA에 의해 성공적으로 테스트되었습니다.
ScanTech AI는 미국과 캐나다 간의 120개 합법적 육로 입국 지점을 커버하기 위해 약 1억 달러의 스캐너가 필요할 것으로 추정하고 있습니다. 이 회사는 특히 펜타닐 및 밀수 탐지 분야에서 캐나다의 국경 보안 인프라에서의 존재감을 확장하는 것을 목표로 하고 있습니다.
ScanTech AI Systems (NASDAQ: STAI) félicite l'initiative récente du Canada en matière de sécurité aux frontières d'un montant de 1,3 milliard de dollars, annoncée le 14 janvier 2025. La technologie de scan de contrôle de l'entreprise, qui protège actuellement deux centrales nucléaires canadiennes, est exclue des droits de douane transfrontaliers en raison de son rôle essentiel en matière de sécurité.
Les scanners alimentés par IA de l'entreprise offrent une detection de qualité CT avec des coûts de maintenance inférieurs à ceux des scanners CT traditionnels et peuvent traiter les contrôles jusqu'à 4 fois plus rapidement. La technologie a été testée avec succès par la TSA dans les aéroports internationaux de Philadelphie et de San Diego.
ScanTech AI estime qu'il faut environ 100 millions de dollars en exigences de scanners pour couvrir 120 points d'entrée légaux entre les États-Unis et le Canada. L'entreprise vise à accroître sa présence dans l'infrastructure de sécurité des frontières canadiennes, en particulier dans la détection de fentanyl et de contrebande.
ScanTech AI Systems (NASDAQ: STAI) lobt die kürzlich angekündigte kanadische Initiative zur Grenzsicherung im Wert von 1,3 Milliarden Dollar, die am 14. Januar 2025 bekannt gegeben wurde. Die Durchleuchtungstechnologie des Unternehmens, die derzeit zwei kanadische Atomkraftwerke schützt, ist aufgrund ihrer kritischen Sicherheitsrolle von grenzüberschreitenden Zöllen ausgenommen.
Die KI-gesteuerten Scanner des Unternehmens bieten CT-Grad-Erkennung mit niedrigeren Wartungskosten als traditionelle CT-Scanner und können Kontrollen bis zu 4-mal schneller verarbeiten. Die Technologie wurde erfolgreich von der TSA an den internationalen Flughäfen von Philadelphia und San Diego getestet.
ScanTech AI schätzt einen Bedarf von ca. 100 Millionen Dollar an Scannern, um 120 legale Landgrenzübergänge zwischen den USA und Kanada abzudecken. Das Unternehmen hat das Ziel, seine Präsenz in der Grenzsicherheitsinfrastruktur Kanadas, insbesondere bei der Erkennung von Fentanyl und Schmuggel, auszubauen.
- Company's scanners exempt from cross-border tariffs
- Existing contracts with two major Canadian nuclear power plants
- Potential $100M market opportunity for US-Canada border scanners
- Successfully tested by TSA at two major US airports
- Technology offers 4x faster screening process than traditional methods
- None.
Insights
The Canadian government's
Market Opportunity Analysis:
- The estimated
$100 million requirement for land ports-of-entry scanners represents a potential355% increase relative to STAI's current market capitalization - Existing deployment at critical Canadian nuclear facilities demonstrates proven technology acceptance and established relationships with Canadian authorities
- Successful TSA deployments in Philadelphia and San Diego provide important validation for border security applications
Competitive Advantages:
- Proprietary AI-driven machine learning algorithms provide superior threat detection
- CT-grade scanning without moving parts reduces total cost of ownership
400% faster screening speed significantly improves operational efficiency- Tariff exemption status provides important pricing advantage over potential competitors
Risk Considerations:
- Government procurement processes typically span 12-24 months, suggesting revenue impact may not materialize until 2026-2027
- Contract awards likely to be phased rather than single large procurement
- Competition from established security equipment providers could impact final contract allocation
The convergence of proven technology, existing Canadian presence and urgent border security needs creates a compelling growth catalyst, particularly given STAI's current market valuation. Success in capturing even a portion of this opportunity could fundamentally transform the company's financial profile.
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
Atlanta, GA, Feb. 03, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems, Inc. (NASDAQ: STAI), a publicly-traded innovator of next-generation checkpoint security scanning products and technology, applauds Canada’s recent efforts to reduce cross-border contraband, including fentanyl and other drugs. ScanTech AI’s systems are currently excluded from recently announced cross-border tariff regimes and are expected to remain exempted given the mission critical nature of its technology and products.
On January 14, 2025, Canada’s Department of Immigration, Refugee and Citizenship announced meaningful progress in curtailing both illegal immigration and fentanyl crossing into the United States through a
ScanTech AI's checkpoint scanners, which are already safeguarding two of Canada’s largest nuclear power plants, employ proprietary AI-driven advanced machine learning algorithms that address emerging homeland security threats as they scan and secure everything from personal items, baggage, parcels and cargo. The company's scanners have also been deployed and successfully tested by the U.S. Transportation Security Administration (TSA) at the Philadelphia and San Diego International Airports and offer advanced CT-grade detection and imagery without the moving parts and maintenance challenges of traditional CT scanners, resulting in lower acquisition and upkeep costs. These features, combined with AI-driven threat detection, enhance the efficiency of security checkpoints making the screening process up to 4x faster while improving security and detection across the board.
“We believe our CT scanning equipment will become one of the core tools in the effort to deter fentanyl at our borders and critical infrastructure,” noted Dolan Falconer, ScanTech AI’s Founder and CEO, “and we look forward to expanding our presence in Canada. In addition to our existing contracts to protect key components of Canada’s nuclear power infrastructure, we will also pursue emerging opportunities to deploy our CT scanning equipment along the US-Canada border.” ScanTech AI estimates an appropriation of up to approximately
About ScanTech AI Systems, Inc. (NASDAQ: STAI)
ScanTech AI is a leading innovator of next-generation ‘zero gantry’ checkpoint security scanners for use at airport security lanes, border checkpoints, public events, and for parcel and cargo screening. ScanTech AI’s scanners already protect two of Canada’s largest nuclear power plants. While they look very much like existing checkpoint scanners, ScanTech AI’s scanners offer CT-grade detection capabilities and imagery without the moving parts, maintenance issues, and expense of traditional CT scanners. Lower acquisition and maintenance costs, the prospect of speeding up checkpoint lanes at airports and secure sites, AI-driven machine learning, and the ability to leave liquids, electronics, and everything else in bags, backpacks, parcels and other items being scanned are all central selling points for ScanTech AI.
ScanTech AI’s checkpoint scanners can instantly and automatically detect many types of conventional or military explosives, weapons, drugs, cash, and other hazardous materials and contraband without the potential for human error or the use of clunky CT scanners that rely on moving parts (gantries) and 30+ year-old technology, and offer government and private sector customers greater reliability, accuracy, speed, and almost zero maintenance downtime.
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, revenue growth and financial performance, product expansion and services. 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.
Contact
ScanTech AI Systems Inc.
James White, CFO
jwhite@scantechibs.com
Investor & Media Relations
International Elite Capital Inc.
Annabelle Zhang
+1(646) 866-7928
annabelle@iecapitalusa.com
FAQ
What is the estimated market value for STAI's scanner deployment at US-Canada border crossings?
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Where has STAI's scanning technology been successfully tested in the US?
How many Canadian nuclear power plants currently use STAI's security systems?
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