ScanTech AI Files Its Annual Report on Form 10-K with the U.S. Securities and Exchange Commission (SEC) and Provides Business Update
ScanTech AI Systems (NASDAQ: STAI) has announced the filing of its Annual Report on Form 10-K for fiscal year 2024, regaining compliance with both SEC reporting and Nasdaq listing requirements. The company, which specializes in advanced security screening technologies, has also reported progress in its operational activities, including the successful installation of another advanced system for a strategic nuclear client in North America. This installation is part of an ongoing multi-million-dollar contract. The company continues to focus on debt reduction and balance sheet optimization while maintaining its commitment to operational excellence and customer satisfaction.
ScanTech AI Systems (NASDAQ: STAI) ha annunciato il deposito del suo Rapporto Annuale sul Modulo 10-K per l'anno fiscale 2024, ristabilendo la conformità sia con i requisiti di rendicontazione della SEC sia con quelli di quotazione del Nasdaq. L'azienda, specializzata in tecnologie avanzate di screening di sicurezza, ha inoltre comunicato progressi nelle sue attività operative, inclusa l'installazione riuscita di un altro sistema avanzato per un cliente strategico nel settore nucleare in Nord America. Questa installazione fa parte di un contratto plurimilionario in corso. La società continua a concentrarsi sulla riduzione del debito e sull'ottimizzazione del bilancio, mantenendo al contempo l'impegno verso l'eccellenza operativa e la soddisfazione del cliente.
ScanTech AI Systems (NASDAQ: STAI) ha anunciado la presentación de su Informe Anual en el Formulario 10-K para el año fiscal 2024, recuperando el cumplimiento tanto con los requisitos de reporte de la SEC como con los de listado en Nasdaq. La compañía, que se especializa en tecnologías avanzadas de inspección de seguridad, también reportó avances en sus actividades operativas, incluyendo la exitosa instalación de otro sistema avanzado para un cliente estratégico en el sector nuclear en Norteamérica. Esta instalación forma parte de un contrato multimillonario en curso. La empresa sigue enfocándose en la reducción de deuda y la optimización del balance, manteniendo su compromiso con la excelencia operativa y la satisfacción del cliente.
ScanTech AI Systems(NASDAQ: STAI)는 2024 회계연도 연례 보고서인 Form 10-K를 제출하며 SEC 보고 및 나스닥 상장 요건을 모두 준수하게 되었음을 발표했습니다. 첨단 보안 검색 기술을 전문으로 하는 이 회사는 북미의 전략적 핵 고객을 위한 또 다른 첨단 시스템의 성공적인 설치 등 운영 활동에서 진전을 보고했습니다. 이 설치는 진행 중인 수백만 달러 규모 계약의 일부입니다. 회사는 부채 감소와 재무구조 최적화에 계속 집중하면서 운영 우수성과 고객 만족에 대한 약속을 유지하고 있습니다.
ScanTech AI Systems (NASDAQ : STAI) a annoncé le dépôt de son rapport annuel sur le formulaire 10-K pour l'exercice 2024, retrouvant ainsi la conformité aux exigences de déclaration de la SEC et aux critères de cotation du Nasdaq. L'entreprise, spécialisée dans les technologies avancées de contrôle de sécurité, a également fait état de progrès dans ses activités opérationnelles, notamment l'installation réussie d'un autre système avancé pour un client stratégique dans le secteur nucléaire en Amérique du Nord. Cette installation s'inscrit dans le cadre d'un contrat pluriannuel de plusieurs millions de dollars. La société continue de se concentrer sur la réduction de sa dette et l'optimisation de son bilan, tout en maintenant son engagement envers l'excellence opérationnelle et la satisfaction client.
ScanTech AI Systems (NASDAQ: STAI) hat die Einreichung seines Jahresberichts auf Formular 10-K für das Geschäftsjahr 2024 bekannt gegeben und damit die Einhaltung sowohl der SEC-Berichtspflichten als auch der Nasdaq-Listing-Anforderungen wiederhergestellt. Das Unternehmen, das sich auf fortschrittliche Sicherheitsscanning-Technologien spezialisiert hat, meldete zudem Fortschritte in seinen operativen Tätigkeiten, einschließlich der erfolgreichen Installation eines weiteren fortschrittlichen Systems für einen strategischen Nuklearkunden in Nordamerika. Diese Installation ist Teil eines laufenden Millionen-Dollar-Vertrags. Das Unternehmen konzentriert sich weiterhin auf die Schuldenreduzierung und die Optimierung der Bilanz, während es sein Engagement für operative Exzellenz und Kundenzufriedenheit beibehält.
- Regained compliance with SEC reporting and Nasdaq listing requirements
- Successful installation of new system for strategic nuclear client
- Ongoing execution of multi-million-dollar contract
- Focus on debt reduction and balance sheet optimization
- Presence of debt requiring reduction efforts
Company Regains Compliance with SEC Reporting and Nasdaq Listing Requirements and Provides Business Update
Atlanta, GA, May 15, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI), a leading innovator in advanced security screening technologies, today announced it has filed its Annual Report on Form 10-K for the fiscal year ended December 31, 2024.
In addition, while continuing to prioritize debt reduction and balance sheet optimization, the Company successfully installed another advanced system this week for its strategic nuclear client in North America. The Company believes this achievement demonstrates continued execution under its multi-million-dollar contract and reinforces the Company’s commitment to operational excellence, customer satisfaction, and sustained revenue growth.
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 https://investor.scantechais.com/.
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 U.S. Securities and Exchange Commission (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 Contact:
International Elite Capital Inc.
Annabelle Zhang
+1(646) 866-7928
annabelle@iecapitalusa.com
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