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ScanTech AI Systems Delivers SENTINEL® CT System for Pilot Deployment and Mission-Specific AI Algorithm Development
Globenewswire· 2025-10-22 12:00
Core Insights - ScanTech AI Systems Inc. has successfully delivered its SENTINEL® Fixed-Gantry CT Scanner to the Virginia Department of Corrections for a pilot program aimed at developing a customized contraband detection algorithm for correctional facilities [1][2] - The SENTINEL system is designed for non-intrusive, high-resolution imaging to enhance screening workflows and collect data for training AI models [2][4] - The company aims to capture a share of the estimated USD 1 billion correctional-facility security screening market through its advanced AI-powered technology [3] Company Overview - ScanTech AI Systems Inc. specializes in advanced non-intrusive 'fixed-gantry' CT screening technologies, utilizing proprietary AI and machine learning to detect hazardous materials and contraband [5] - The company's solutions are applicable in various high-security environments, including airports, seaports, and government buildings [5] Market Opportunity - The addressable market for advanced imaging and AI-based scanning solutions in correctional environments is estimated to be approximately USD 1 billion or greater, based on internal analysis and data from the Bureau of Justice Statistics [3] - The collaboration with the Virginia Department of Corrections is expected to demonstrate the adaptability of ScanTech AI's technology and accelerate the deployment of customized AI detection models across broader markets [4]
Jackson County Detention Center Selects Liberty Defense’s HEXWAVE for Checkpoint Security Screening
Globenewswire· 2025-10-20 12:01
WILMINGTON, Mass., Oct. 20, 2025 (GLOBE NEWSWIRE) -- Liberty Defense Holdings Ltd. (“Liberty” or the “Company”) (TSXV: SCAN, OTCQB: LDDFF, FRANKFURT: FSE:E30), – a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, is pleased to announce that its HEXWAVE system was selected by The Jackson County Detention Center in Missouri to screen staff and visitors who enter the facility. The order was received with our distribution partner, Linev Systems U.S. ...
Jackson County Detention Center Selects Liberty Defense's HEXWAVE for Checkpoint Security Screening
Globenewswire· 2025-10-20 12:01
Core Insights - Liberty Defense Holdings Ltd. has been selected to provide its HEXWAVE system for screening at The Jackson County Detention Center in Missouri, indicating a growing demand for advanced security solutions in correctional facilities [1][2]. Company Overview - Liberty Defense specializes in AI-based detection solutions for concealed weapons and threats, focusing on high-traffic areas requiring enhanced security [5]. - The HEXWAVE product is licensed from the Massachusetts Institute of Technology (MIT) and offers modular and scalable protection against both metallic and non-metallic threats [5]. Technology Details - HEXWAVE employs millimeter wave technology, advanced 3D imaging, and AI to detect a variety of concealed threats, including explosives and 3D printed firearms, through a contactless walkthrough portal [4]. - The system is designed for rapid, automated screening, which minimizes entry wait times while enhancing security [2][4]. Market Context - The Jackson County Detention Center currently has an inmate population of approximately 1,063, exceeding its capacity, which has led to the construction of a new County Jail expected to be completed this Fall [3]. - The increasing inmate population highlights the need for improved security measures within correctional facilities [3]. Partnership Information - The order for the HEXWAVE system was facilitated through Linev Systems U.S., a partner known for providing x-ray imaging checkpoint security technology [1][6].
Axon Enterprise Stock Dropped 13% – Have You Assessed The Risk
Forbes· 2025-10-17 10:25
Core Insights - Axon Enterprise (AXON) stock has decreased by 13.3% over the past 21 trading days and is currently viewed as relatively expensive, raising concerns about its valuation [1][2] - The company has a market capitalization of $51 billion and reported $2.4 billion in revenue, with a revenue growth of 32.4% over the last 12 months [3] - AXON stock has historically underperformed the S&P 500 during economic downturns, with significant declines observed in various crises [4][6] Financial Performance - The current trading price of AXON is $652.17, with a P/E multiple of 155.9 and a P/EBIT multiple of 185.9, indicating a high valuation [3] - The company has an operating margin of -0.06% and a Debt to Equity ratio of 0.04, suggesting low leverage [3] - The Cash to Assets ratio stands at 0.36, reflecting the company's liquidity position [3] Historical Stock Performance - AXON stock experienced a peak-to-trough decline of 58.5% from $203.51 on February 11, 2021, to $84.37 on May 11, 2022, compared to a 25.4% decline for the S&P 500 [4] - The stock fully recovered to its pre-Crisis peak by March 1, 2023, and reached a high of $870.97 on August 7, 2025, before trading at its current price [4] - Historical data shows that AXON stock has had significant recoveries after downturns, with a median return of 68.9% within a year following sharp declines since 2010 [3] Investment Strategy - The Trefis High Quality Portfolio, which includes 30 stocks that have consistently outperformed benchmarks, is recommended as a more diversified investment approach compared to relying solely on AXON stock [2][5] - The portfolio aims to deliver improved returns with reduced risk, as evidenced by its performance metrics during past financial crises [2][5]
Wytec Comments on Previous Stock Promotional Activity
Businesswire· 2025-10-16 23:26
SAN ANTONIO--(BUSINESS WIRE)---- $wytc #drugsensingtechnology--On October 14th and 15th of 2025, Wytec issued two public press releases describing its Integrated Public Safety Solution (IPSS) involving various patented technologies related to in-building cellular, gunshot and vape detection solutions. Additionally, it engaged AresCMG to draft the final press releases in an effort to further expand its reach to prospective investors and potential purchasers of its technology utilizing its previously issued p ...
Cloudastructure, Inc. Announces Up to $5 Million Share Repurchase Program to Enhance Shareholder Value
Globenewswire· 2025-10-16 12:30
Core Viewpoint - Cloudastructure, Inc. has announced a share repurchase program authorizing the buyback of up to $5 million of its common stock, reflecting confidence in the company's long-term outlook and commitment to shareholder value [1][2] Company Overview - Cloudastructure is a leader in AI Surveillance and Remote Guarding, utilizing a scalable cloud-based architecture with advanced AI/ML analytics for security solutions [3] - The company offers a value proposition that avoids proprietary hardware, providing contract-free, month-to-month pricing and unlimited 24/7 support, achieving up to 75% lower Total Cost of Ownership compared to other systems [3] Financial Performance - The company has seen a record-breaking sales performance, tripling its full-year 2024 signed contract total within the first nine months of 2025 [2] - The share repurchase program is viewed as a strategic use of capital that aligns with both near-term goals and long-term vision [2] Market Position - There is a rapid expansion of Cloudastructure's customer base, indicating growing market demand for intelligent, cloud-native security solutions [2] - The company is focused on executing its core growth strategy, which includes product innovation, customer base expansion, and operational efficiency [2]
Cloudastructure Reports Record-Breaking 2025 Growth, More Than Tripling Full-Year 2024 Performance and Delivering the Fastest Expansion in Company History
Globenewswire· 2025-10-15 13:00
Core Insights - Cloudastructure, Inc. has reported a significant increase in signed contracts, reaching approximately $4.79 million year-to-date, which is more than three times the total of $1.5 million for the full year of 2024 [1] - The company achieved over $1.0 million in new contracts in September 2025 alone, contributing to a total of more than $2.0 million in signed contracts for the third quarter [1] Company Performance - The record-setting performance of Cloudastructure indicates a strong market adoption of its AI surveillance and remote guarding solutions, showcasing the scalability of its advanced technology platform [2] - The company processes around 8 million videos daily, equating to approximately 8,200 videos per minute or nearly 100 videos per second, while simultaneously reducing processing costs [2] Strategic Vision - The Chief Revenue Officer highlighted that 2025 is a pivotal year for Cloudastructure, driven by rising demand for smarter security solutions and customer confidence in the company's vision for an AI-powered ecosystem [3] - The company's cloud architecture and operational efficiencies are enabling scalable and profitable growth, positioning it to integrate with next-generation technologies such as drones and robotic dogs [3] Technology and Value Proposition - Cloudastructure's security platform utilizes a scalable cloud-based architecture with advanced AI/ML analytics, allowing enterprise businesses to achieve proactive, end-to-end security [4] - The platform offers a competitive advantage by avoiding proprietary hardware and providing contract-free, month-to-month pricing, along with unlimited 24/7 support, resulting in up to a 75% lower Total Cost of Ownership compared to other systems [4]
ScanTech AI Systems Appoints Berkowitz Pollack Brant Advisors + CPAs as Independent Auditor to Support Enhanced Governance and Regulatory Compliance Initiatives
Globenewswire· 2025-10-15 12:00
Atlanta, GA, Oct. 15, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI), a developer of advanced AI-powered security screening and imaging technology, previously announced that its Audit Committee has appointed Berkowitz Pollack Brant Advisors + CPAs (“BPB”) as the Company’s independent registered public accounting firm for the fiscal year ending December 31, 2025, and certain interim periods. The engagement of BPB marks another step in ScanTech AI’s broader s ...
Wytec Unveils its AI Integrated Public Safety Solution (IPSS) Utilizing Next-Generation In-Building Cellular
Businesswire· 2025-10-14 13:42
Core Insights - Wytec International, Inc. has launched its Integrated Public Safety Solution (IPSS), which is an AI-enabled platform that integrates in-building cellular gunshot detection and vape/THC monitoring into a single system for various environments such as schools, municipalities, corporate campuses, and medical facilities [1]. Group 1 - The IPSS aims to merge connectivity and safety into one intelligent framework, enhancing public safety measures [1].
Xtract One Announces Fiscal 2025 Annual and Fourth Quarter Conference Call
Globenewswire· 2025-10-14 11:30
Core Insights - Xtract One Technologies Inc. will release its fiscal 2025 annual and fourth quarter results on October 23, 2025, after market close [1] - A webcast and conference call will be held on October 24, 2025, at 10:00 a.m. Eastern Time to discuss the financial results and management's outlook [2] Company Overview - Xtract One Technologies is a leader in technology-driven threat detection and security solutions, utilizing AI to enhance patron access experiences [3] - The company offers unobtrusive weapons and threat detection systems aimed at improving safety while providing seamless access control [3] - Xtract One's AI-powered Gateway solutions are designed for various sectors, including schools, hospitals, arenas, and manufacturing, ensuring high security without disrupting traffic flow [3] Industry Context - The threat detection solutions provided by Xtract One are part of a multilayered approach to physical security, acknowledging that no single system can be 100% effective against all threats [4]