ScanTech AI Systems, Inc. Strengthens Core Team with Appointment of New CFO
ScanTech AI Systems (STAI) has announced the appointment of James White as its new Chief Financial Officer. White brings over two decades of experience in financial reporting, compliance, and operational infrastructure. As a former Senior Manager in the Assurance Practice at Ernst & Young LLP, he has extensive expertise in SEC reporting, Sarbanes-Oxley compliance, and PCAOB standards.
CEO Dolan Falconer emphasized the importance of this appointment for the company's global business plan execution and capital formation efforts. The company reports having a substantial pipeline of customer demand across multiple sectors, including aviation, infrastructure, nuclear, and border security. This appointment is positioned as a strategic move to strengthen the core management team and support growth initiatives.
ScanTech AI Systems (STAI) ha annunciato la nomina di James White come nuovo Direttore Finanziario. White porta con sé oltre due decenni di esperienza nella rendicontazione finanziaria, nella conformità e nell'infrastruttura operativa. Come ex Senior Manager nella Pratica di Assicurazione presso Ernst & Young LLP, ha una vasta esperienza nella rendicontazione SEC, nella conformità al Sarbanes-Oxley e negli standard PCAOB.
Il CEO Dolan Falconer ha sottolineato l'importanza di questa nomina per l'esecuzione del piano aziendale globale e per gli sforzi di formazione del capitale. L'azienda riporta di avere un sostanzioso portafoglio di domanda dei clienti in diversi settori, tra cui aviazione, infrastrutture, nucleare e sicurezza delle frontiere. Questa nomina è posizionata come una mossa strategica per rafforzare il team di gestione centrale e supportare le iniziative di crescita.
ScanTech AI Systems (STAI) ha anunciado el nombramiento de James White como su nuevo Director Financiero. White aporta más de dos décadas de experiencia en informes financieros, cumplimiento normativo e infraestructura operativa. Como antiguo Gerente Senior en la Práctica de Aseguramiento de Ernst & Young LLP, cuenta con una amplia experiencia en informes de la SEC, cumplimiento con la Ley Sarbanes-Oxley y estándares PCAOB.
El CEO Dolan Falconer enfatizó la importancia de este nombramiento para la ejecución del plan de negocio global de la compañía y los esfuerzos de formación de capital. La empresa informa tener una sustancial cartera de demanda de clientes en múltiples sectores, incluyendo aviación, infraestructura, nuclear y seguridad fronteriza. Este nombramiento se posiciona como un movimiento estratégico para fortalecer el equipo de gestión central y apoyar las iniciativas de crecimiento.
ScanTech AI Systems (STAI)는 James White를 새로운 최고재무책임자(CFO)로 임명했다고 발표했습니다. White는 재무 보고, 규정 준수 및 운영 인프라 분야에서 20년 이상의 경험을 가지고 있습니다. Ernst & Young LLP의 보증 실무에서 전 선임 관리자였던 그는 SEC 보고, Sarbanes-Oxley 규정 준수 및 PCAOB 기준에 대한 광범위한 전문성을 보유하고 있습니다.
CEO Dolan Falconer는 이 임명이 회사의 글로벌 비즈니스 계획 실행과 자본 형성 노력에 있어 중요하다고 강조했습니다. 회사는 항공, 인프라, 핵, 국경 보안 등 여러 분야에서 고객 수요의 상당한 파이프라인을 보유하고 있다고 보고하고 있습니다. 이 임명은 핵심 경영 팀을 강화하고 성장 이니셔티브를 지원하기 위한 전략적 조치로 자리잡고 있습니다.
ScanTech AI Systems (STAI) a annoncé la nomination de James White en tant que nouveau Directeur Financier. White apporte plus de deux décennies d'expérience en reporting financier, conformité et infrastructure opérationnelle. En tant qu'ancien Responsable Senior dans le secteur de l'Assurance chez Ernst & Young LLP, il dispose d'une vaste expertise en reporting SEC, conformité à la loi Sarbanes-Oxley et normes PCAOB.
Le PDG Dolan Falconer a souligné l'importance de cette nomination pour l'exécution du plan d'affaires mondial de l'entreprise et les efforts de formation de capital. L'entreprise rapporte avoir un important carnet de commandes provenant de divers secteurs, y compris l'aviation, les infrastructures, le nucléaire et la sécurité des frontières. Cette nomination est présentée comme un mouvement stratégique pour renforcer l'équipe de direction et soutenir les initiatives de croissance.
ScanTech AI Systems (STAI) hat die Ernennung von James White zu seinem neuen Finanzvorstand bekannt gegeben. White bringt über zwei Jahrzehnte an Erfahrung in der finanziellen Berichterstattung, Compliance und operativer Infrastruktur mit. Als ehemaliger Senior Manager in der Assurance-Praxis bei Ernst & Young LLP verfügt er über umfassende Expertise in SEC-Berichterstattung, Sarbanes-Oxley-Compliance und PCAOB-Standards.
CEO Dolan Falconer betonte die Bedeutung dieser Ernennung für die Umsetzung des globalen Geschäftsplans des Unternehmens und die Bemühungen zur Kapitalbildung. Das Unternehmen berichtet von einer erheblichen Nachfragepipeline aus verschiedenen Sektoren, einschließlich Flugverkehr, Infrastruktur, Nuklear und Grenzsicherheit. Diese Ernennung wird als strategischer Schritt positioniert, um das zentrale Managementteam zu stärken und Wachstumsinitiativen zu unterstützen.
- Appointment of experienced CFO with over 20 years in financial reporting and compliance
- Strong pipeline of customer demand across multiple security sectors
- Strategic strengthening of management team for growth execution
- None.
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.
Mr. White is a seasoned, multi-state Certified Public Accountant (CPA) with a distinguished career spanning over twenty years. As a former Senior Manager in the Assurance Practice at Ernst & Young LLP, he is well-versed in SEC reporting, compliance with the Sarbanes-Oxley Act, PCAOB standards, direct public equity and debt offerings, business combinations and dispositions, as well as internal auditing and corporate governance.
“We are excited to continue building our management team as we look to execute our global business plan,” said Dolan Falconer, ScanTech’s CEO. “The addition of a new Chief Financial Officer is critical for the Company, especially with the renewed emphasis on financial compliance and our capital formation efforts to fuel our growth plans.”
“I am honored and excited to join ScanTech’s team,” said Mr. White. “I believe our products offer the best solutions for protecting the public from harm, and I stand ready to continue building an organization poised to scale to meet market needs as ScanTech becomes a bedrock in the security segment.”
ScanTech has a substantial pipeline of customer demand across multiple verticals, including aviation, infrastructure, nuclear, and border security. Companies, governmental and non-governmental entities, and other stakeholders in these sectors have expressed keen interest in ScanTech’s technology, with the Company’s business combination serving as a major catalyst. Adding James White strengthens the Company’s core management team and positions it for further growth.
About ScanTech AI Systems Inc.
ScanTech AI has developed one of the world’s most advanced non-intrusive ‘fixed-gantry’ CT screening technologies. ScanTech AI utilizes proprietary artificial intelligence (AI) and machine learning capabilities in its state-of-the-art ‘fixed- gantry’ CT scanners to accurately and quickly detect hazardous materials and contraband. ScanTech AI’s ‘fixed-gantry’ CT scanners 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
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 Information:
ScanTech AI Systems Inc.
Dolan Falconer, CEO
dfalconer@scantechibs.com
Investor & Media Relations Contact:
International Elite Capital Inc.
Annabelle Zhang
+1(646) 866-7928
annabelle@iecapitalusa.com
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