SENTINEL™ CT scanner
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ScanTech AI Systems Files Q2 2025 Form 10-Q, Achieving Key Milestone in its Comprehensive Nasdaq Compliance Plan
Globenewswire· 2025-09-18 12:00
Core Insights - ScanTech AI Systems Inc. has filed its Quarterly Report on Form 10-Q for the period ended June 30, 2025, as part of its strategy to regain compliance with Nasdaq listing requirements [1] - The company has engaged FSR Capital to assist in addressing Nasdaq compliance matters and enhancing its capital markets presence [2] - CEO Dolan Falconer emphasized the company's commitment to operational excellence and transparency, with a strategic plan to resolve compliance issues while focusing on advancing its SENTINEL™ CT technology [3] Strategic & Operational Highlights - ScanTech AI has developed advanced non-intrusive 'fixed-gantry' CT screening technologies that utilize AI and machine learning to detect hazardous materials and contraband [4] - The company successfully restructured its balance sheet in the first half of 2025, converting a significant portion of debt into equity, resulting in a 77% reduction in interest expense compared to the previous year [6] - ScanTech AI is on track to receive ECAC certification for its SENTINEL™ CT scanner, expected in the second quarter of 2026 [6]