Falconer to Share Strategic Insights on Scaling Innovation, Securing Critical Infrastructure, and Accelerating Capital Growth in the AI Security SectorAtlanta, GA, May 13, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI), a leading innovator in advanced security screening technologies, is proud to announce that its CEO, Dolan Falconer, will serve as a featured speaker and panelist at the upcoming 2025 Smart Business Dealmakers Conference, to be held on Wednes ...

Core Viewpoint - ScanTech AI Systems Inc. has successfully completed a $30 million debt-to-equity restructuring, converting debt into approximately 15 million shares of common stock, which is expected to strengthen the company's balance sheet and support its strategic growth initiatives [1][2]. Financial Restructuring - The debt-to-equity conversion is seen as a critical step in enhancing the company's capital structure, reflecting key stakeholders' commitment and confidence in the company's technology and long-term vision [2]. - This restructuring aims to improve financial agility, attract long-term institutional investors, and accelerate the execution of the company's growth strategy [2]. Strategic Focus - The CEO of ScanTech AI emphasized the importance of building a strong financial foundation to support rapid expansion and deliver long-term value to shareholders [3]. - The company is focused on expanding its influence and commercial readiness through ongoing strategic initiatives, including partnerships and the introduction of new technology platforms [4]. Technology and Market Position - ScanTech AI's fixed-gantry CT scanner technology is gaining traction, particularly in high-security environments such as nuclear power facilities [4]. - The company believes its differentiated platform offers unmatched threat detection, operational efficiency, and reduced total cost of ownership, positioning it to capture significant market share in the global security technology sector [5][6].

Continued Adoption of Sentinel® Systems Reinforces ScanTech AI’s Position as a Trusted Technology Partner for High-Security, Mission-Critical OperationsAtlanta, GA, April 29, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI), a leading innovator in advanced security screening technologies, announced today the successful delivery of an additional Sentinel® Fixed Gantry System to a key nuclear facility in Canada. This latest deployment marks a significant milest ...