ScanTech AI Systems, Inc. Applauds Canadian Border Security Efforts

ScanTech AI Systems, Inc. (NASDAQ: STAI), a leading innovator of next-generation checkpoint security scanning products and technology, has commended the Canadian government for its recent efforts to reduce cross-border contraband, including fentanyl and other drugs. The company's advanced checkpoint scanners, which are already safeguarding critical infrastructure such as nuclear power plants, are well-positioned to play a crucial role in enhancing border security.

On January 14, 2025, Canada's Department of Immigration, Refugee and Citizenship announced a $1.3 billion effort to strengthen US-Canadian border security, which includes the purchase of new checkpoint scanning and security equipment. ScanTech AI's systems, which are currently excluded from cross-border tariff regimes, are expected to remain exempted due to their mission-critical nature. The company's advanced CT-grade detection and imagery, combined with AI-driven threat detection, make its scanners an ideal tool for deterring fentanyl and other contraband at the US-Canadian border.

ScanTech AI's checkpoint scanners offer several advantages over traditional CT scanners, including lower acquisition and maintenance costs, the ability to leave liquids and electronics in bags, and significantly faster screening times. These features, combined with the company's proprietary AI-driven advanced machine learning algorithms, make its scanners an attractive option for border security agencies looking to enhance their capabilities without breaking the bank.

Dolan Falconer, ScanTech AI's Founder and CEO, noted, "We believe our CT scanning equipment will become one of the core tools in the effort to deter fentanyl at our borders and critical infrastructure. We look forward to expanding our presence in Canada and pursuing emerging opportunities to deploy our CT scanning equipment along the US-Canada border."

With an estimated appropriation of up to approximately $100 million (USD) required to acquire the number of checkpoint scanners needed to cover the 120 legal land ports-of-entry between the US and Canada, ScanTech AI sees a significant market opportunity for its advanced screening technology. As a public company listed on NASDAQ, ScanTech AI is well-positioned to capitalize on this opportunity and drive growth in the border security market.

In conclusion, ScanTech AI Systems, Inc. applauds the Canadian government for its recent border security efforts and is committed to working with its allies to enhance border security through the deployment of its advanced checkpoint scanners. With its cutting-edge technology, competitive pricing, and proven track record, ScanTech AI is poised to become a key player in the global border security market.