ScanTech AI Systems Inc (STAI)

[gail]

nice news yesterday, look………

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- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: STAI), a leading innovator in advanced security screening technologies, today announced that it has entered into a non-binding Letter of Intent (“LOI”) with Visiontec Systems Ltd. (“Visiontec”) for the planned purchase of additional SENTINEL Fixed Gantry CT inspection systems. The systems are intended for deployment at one of the world’s largest nuclear power facilities.
The Company believes that this LOI represents a strategic expansion of ScanTech AI’s presence in the energy and infrastructure sectors, building on the Company’s initial $3.5 million engagement with Visiontec. The Company estimates the value of the planned system deployments to exceed $1 million, based on the LOI and historical purchasing trends with Visiontec and demand patterns within the nuclear energy sector.