ScanTech Participates in Passenger Terminal Expo 2024

Management Expects to Deliver Initial Customer Units in Coming Weeks

BUFORD, Ga, April 17, 2024 (GLOBE NEWSWIRE) -- ScanTech Identification Beam Systems, LLC ("ScanTech"), an innovator of next-generation 'fixed-gantry' computed tomography (CT) screening systems, based in Metro-Atlanta, Georgia, today announced its participation in the world’s leading conference dedicated to airport passenger terminals in Frankfurt, Germany, the Passenger Terminal Expo 2024.

ScanTech will be exhibiting and displaying its Sentinel ‘Fixed-Gantry’ CT scanning system to the world’s airport operators, infrastructure companies and other logistics providers as part of the exhibition which includes over 1,600 attendees across 120 countries. The Sentinel CT is a state-of-the-art fixed-gantry CT scanners that utilizes proprietary artificial intelligence (AI) and machine learning capabilities to accurately and quickly detect hazardous and contraband materials.

One of the key themes of this year’s Expo is security infrastructure and the increase in global security threats.

According to the Department of Homeland Security’s “2024 Homeland Security Threat Assessment” report, adversaries continue to threaten the integrity of US critical infrastructure, “in part because they perceive targeting these sectors would have cascading impacts on US industries.”

In the coming weeks ScanTech expects to begin delivering units to one of North America’s largest nuclear power utility companies under its implementation contract with Visiontec Systems previously announced in November 2023.

“ScanTech has undergone initial testing and training with Visiontec and we expect initial deliveries to begin this month,” said Dolan Falconer, ScanTech's CEO. “We believe ScanTech has a superior solution for global infrastructure customers and look forward to expanding further into that marketplace.” 

Mars Acquisition Corp Merger Remains On-Track

On September 5, 2023 ScanTech announced that it had entered into a definitive business combination agreement with Mars Acquisition Corp. (Nasdaq: MARX) ("Mars"), a publicly traded special purpose acquisition company, that will result in ScanTech becoming a publicly traded company.  Following the confidential filing of a registration statement on Form S-4, previously announced on November 13, 2023, ScanTech remains committed to the consummation of that transaction and both Mars and ScanTech believe the transaction is on track to close in the second quarter of 2024.