Deployment of AI-powered HEXWAVE™ systems marks a major milestone in scaling advanced threat detection across global aviation marketsWILMINGTON, Mass., Nov. 19, 2025 (GLOBE NEWSWIRE) -- Liberty Defense Holdings Ltd., a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, announced today that its HEXWAVE™ systems will be installed at aviation worker screening checkpoints at The New Terminal One at JFK International Airport, a new all-international ter ...

Financial Data and Key Metrics Changes - The company reported Q4 revenue of $229 million, an 11% increase year over year, and at the high end of guidance [5][12] - Non-GAAP gross margin for Q4 was 34%, up 130 basis points from the same quarter last year [6][15] - Non-GAAP earnings per share for Q4 was $0.37, up $0.21 compared to last year [6][18] - For the full fiscal year, total revenue was $845 million, a 4% increase compared to fiscal 2024 [6][12] - Non-GAAP EBITDA for the year was $122 million, up $33 million from $89 million last year [6][19] Business Line Data and Key Metrics Changes - Medical segment revenue increased by 5% year over year to $152 million in Q4, while industrial segment revenue surged by 25% to $77 million [5][12] - For the full year, medical revenue was $593 million, a 2% increase, and industrial revenue was $252 million, a 10% increase [6][12] - The industrial segment achieved its highest revenue quarter ever at $77 million [5][12] Market Data and Key Metrics Changes - Revenue from the Americas grew by 9%, EMEA rose by 16%, and APAC increased by 8% year over year [13] - Sales volume to China remained steady, contributing 14% of total revenues, despite tariff challenges [13][18] Company Strategy and Development Direction - The company is focusing on growth initiatives, including innovative technologies like photon counting for CT and expanding production in India [9][25] - The strategy includes strengthening geopolitical resiliency through supply chain and manufacturing regionalization [22][24] - The company plans to invest in R&D to maintain a competitive edge and target growth markets such as India, South Asia, and Latin America [24][25] Management's Comments on Operating Environment and Future Outlook - Management noted a challenging start to fiscal 2025 due to global tariff situations, but customer ordering patterns normalized as the situation stabilized [22] - Customers in China are projecting stronger orders for 2026 compared to previous years, driven by demand for value-tier and mid-tier CT systems [22][24] - The company expects gradual growth throughout fiscal 2026, with medical business anticipated to grow, while China is modeled to be stable [42][44] Other Important Information - The company ended the year with $155 million in cash, down from $213 million the previous year, primarily due to debt reduction [6][19] - The company reported a net cash flow from operations of $8 million in Q4 [19] Q&A Session Summary Question: Can you split the top 10 customers' contribution between medical and industrial? - The company does not break out the contribution between medical and industrial due to commercial reasons, but top 10 customers generally account for 50%-55% of sales [33] Question: Is there a structural shift in the medical and industrial segments? - Industrial sales are growing and approaching 30% of overall sales, while medical segment volatility is influenced by geopolitical factors [35] Question: Any implications from GE or Siemens divesting their China business? - The majority of business in China comes through Chinese OEMs, so these announcements do not have significant implications for the company [38] Question: Can you provide a high-level outlook for the full year? - The demand environment looks solid, with expectations for growth in both medical and industrial segments, though China is modeled to be stable [42][44] Question: What is the impact of tariffs on gross margin? - Tariffs are impacting gross margin by approximately 100 to 150 basis points, but rerouting supply chains may help mitigate this in the future [83]

Core Insights - Liberty Defense Holdings Ltd. has been awarded a competitive bid for three HEXWAVE™ walkthrough screening systems at a U.S. State Capitol complex, enhancing security for officials, employees, and visitors [1][3] - The HEXWAVE™ system utilizes active millimeter-wave imaging and AI to detect a wide range of concealed threats while allowing most everyday items to remain on individuals, designed for rapid and contactless high-throughput screening [2][4] - The CEO of Liberty Defense expressed excitement about the tender win, emphasizing the importance of modernizing entry screening to address contemporary security threats [3] Company Overview - Liberty Defense specializes in multi-technology security solutions for concealed weapons detection in high-traffic areas, including airports and stadiums [4] - The HEXWAVE product is licensed from the Massachusetts Institute of Technology (MIT) and offers modular and scalable protection for both metallic and non-metallic threats [4] - The company has also licensed additional technologies, including millimeter wave-based body and shoe scanners, to enhance its security detection capabilities [4]

Core Insights - ScanTech AI Systems Inc. participated in the World Nuclear Exhibition (WNE) in Paris, showcasing its advanced AI-powered security screening and imaging systems [1][3] - The exhibition attracted significant engagement from global decision-makers, indicating strong interest in ScanTech AI's technology within the nuclear and critical-infrastructure markets [3][4] - The company is nearing completion of a project with a major North American nuclear energy producer, demonstrating the successful integration of its SENTINEL® CT platform in the nuclear sector [4] Company Overview - ScanTech AI has developed advanced non-intrusive 'fixed-gantry' CT screening technologies that utilize proprietary AI and machine learning to detect hazardous materials and contraband [5] - The company's solutions are designed for high-security environments, including airports, seaports, borders, and government facilities [5] Industry Context - The World Nuclear Exhibition serves as a premier global gathering for the civil nuclear industry, covering various sectors including security infrastructure, energy generation, and decommissioning [2] - ScanTech AI's participation in WNE 2025 is seen as a pivotal milestone in its commercial strategy, reflecting the growing demand for AI-based inspection and imaging solutions in the nuclear industry [4]

Core Viewpoint - ScanTech AI Systems Inc. is set to launch a significant AI-powered software upgrade for its SENTINEL CT Computed Tomography system, enhancing checkpoint operations and establishing a new standard in security technology [1][2][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 [4]. Product Development - The upcoming AI upgrade is described as a transformative enhancement rather than a routine update, aimed at unlocking the full potential of the SENTINEL CT platform [3]. - The upgrade promises to deliver real-time insights, improved operator experience, and increased throughput, positioning SENTINEL as a leading CT screening solution [2][3]. Strategic Importance - The company believes that the new software will significantly improve customer experience by optimizing security checkpoints and operational efficiency, thereby setting a new benchmark for security technology [3].

Core Insights - ScanTech AI Systems Inc. has appointed DeMeakey Williams, Sr. as Senior Vice President of Sales, Business Development, and Investor Relations, effective April 2025, to enhance growth and visibility in the market [2][3][4] - Williams brings over 20 years of experience in revenue scaling and securing government contracts, having previously held senior roles at Pangiam and Smiths Detection, where he secured over $500 million in contracts [3][4] - The company aims to leverage Williams' expertise to drive growth strategies and enhance shareholder value, particularly in the context of increasing demand for AI-powered security solutions [5][6] Company Overview - ScanTech AI specializes in AI-powered CT screening systems designed for aviation, customs, and critical infrastructure, utilizing advanced technology to detect hazardous materials and contraband [6] - The company's solutions are applicable in various high-security environments, including airports, seaports, and government buildings, emphasizing the importance of security in these sectors [6] Market Context - The appointment of Williams comes at a time of rising demand for U.S.-developed AI security solutions, indicating a favorable market environment for ScanTech AI's offerings [3][5] - The company is positioned to capitalize on potential opportunities in nuclear power sectors across the U.S., Canada, and Europe, which may further enhance its market presence [5]

Core Insights - ScanTech AI Systems Inc. has entered into a contract with Creeksource Consulting LLC to offer its advanced security screening technologies through The Interlocal Purchasing System (TIPS) cooperative, enhancing access for public sector agencies nationwide [1][2][3] Group 1: Company Overview - ScanTech AI is a leader in advanced security screening technologies, specializing in non-intrusive 'fixed-gantry' CT screening technologies that utilize proprietary AI and machine learning to detect hazardous materials and contraband [4] - The company's solutions are designed for various high-security environments, including airports, seaports, borders, and government facilities [4] Group 2: Market Opportunity - The TIPS contract collaboration opens access to an estimated $100 million addressable market for ScanTech AI, allowing eligible government entities, educational institutions, municipalities, and nonprofits to purchase its solutions [3] - The partnership aims to streamline procurement processes, reduce administrative burdens, and ensure compliance with public sector procurement standards [2][3] Group 3: Strategic Goals - The CEO of ScanTech AI emphasized that the partnership with Creeksource Consulting is intended to expand market access and facilitate quicker deployment of their solutions across government-operated facilities [3]

Core Insights - ScanTech AI has entered into a non-binding Letter of Intent (LOI) with Visiontec Systems Ltd. for the purchase of additional SENTINEL Fixed Gantry CT inspection systems, aimed at deployment in a major nuclear power facility, indicating strong demand for its technology and potential revenue growth by 2025 [1][2][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 efficiently [4] Strategic Expansion - The LOI signifies a strategic expansion into the energy and infrastructure sectors, building on an initial engagement valued at $3.5 million with Visiontec, with estimated deployment value exceeding $1 million based on historical purchasing trends [2][3] Market Adoption - The commitment from Visiontec is seen as a reflection of the accelerating market adoption of ScanTech AI's SENTINEL platform, which enhances safety, regulatory compliance, and operational continuity at critical nuclear sites [3]

Core Insights - ScanTech AI Systems Inc. has reaffirmed its commitment to financial transparency and execution discipline following the filing of its Quarterly Report on Form 10-Q for the quarter ended March 31, 2025, with the SEC [1][2] Company Overview - ScanTech AI is a leading innovator in advanced security screening technologies, having developed one of the world's most advanced non-intrusive 'fixed-gantry' CT screening technologies [3] - The company's scanners utilize proprietary artificial intelligence and machine learning capabilities to accurately and quickly detect hazardous materials and contraband [3] - ScanTech AI's solutions are designed for various high-security environments, including airports, seaports, borders, embassies, and government buildings [3]

Core Insights - Liberty Defense Holdings Ltd. has been selected by another US International Airport to implement its HEXWAVE system for screening aviation workers as part of the TSA's new mandate on employee screening [1][5] - The TSA mandate requires all major U.S. airports to adopt physical screening procedures for employees by April 2026, ensuring 100% screening compliance [2] - HEXWAVE utilizes advanced technology, including millimeter wave and AI, to detect a wide range of concealed threats, enhancing airport security [4][5] Company Overview - Liberty Defense is a technology provider specializing in AI-based detection solutions for concealed weapons and threats, particularly in high-traffic areas like airports [1][6] - The HEXWAVE system is designed for rapid, automated screening and can detect various prohibited items, including explosives and 3D printed weapons [4][6] - The company has secured exclusive licenses for its technology from the Massachusetts Institute of Technology (MIT), enhancing its capabilities in the security screening market [6]