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PARIS - ScanTech AI Systems Inc. (NASDAQ:STAI) exhibited its AI-powered security screening and imaging systems at the World Nuclear Exhibition held from November 4-6, 2025, in Paris, France. The micro-cap company, currently valued at approximately $29.5 million, is pursuing growth opportunities despite facing significant financial challenges.
The company reported engagement with representatives from Électricité de France, the U.S. Department of Commerce, the Saudi Water Authority, and various government operators across the EMEA region during the three-day event.
"Our participation in WNE 2025 marked a pivotal milestone in ScanTech AI’s commercial strategy," said DeMeakey Williams, Senior Vice President of Sales, Business Development & Investor Relations at ScanTech AI, according to the company’s press release.
The company also stated that its project with a major North American nuclear energy producer is nearing completion. This implementation involves the integration of ScanTech’s SENTINEL CT platform within nuclear security environments.
ScanTech AI develops non-intrusive fixed-gantry CT screening technologies that utilize artificial intelligence to detect hazardous materials and contraband. The company’s systems are designed for use in high-security facilities including airports, seaports, borders, government buildings, and nuclear facilities.
The World Nuclear Exhibition is a global gathering for the civil nuclear industry that brings together professionals across the nuclear value chain, including those involved in security infrastructure, energy generation, and non-electric applications.
ScanTech AI’s participation in the exhibition comes as the company seeks to expand its presence in the nuclear and critical-infrastructure security markets, according to the press release statement.
In other recent news, ScanTech AI Systems announced it will restate its financial statements for the first and second quarters of 2025 due to an error in accounting for compensation expenses related to the issuance of additional shares. This decision followed a review by management and the Audit Committee. The company also disclosed receiving default notices from Southern Point Capital Corporation regarding a violation of covenants in a securities purchase agreement, which could lead to mandatory repayment of a promissory note. Additionally, ScanTech AI has secured a $50 million equity line of credit from ARC Group International Ltd., with an initial $500,000 equity investment contingent upon SEC registration. To enhance financial reporting, ScanTech AI appointed Berkowitz Pollack Brant Advisors + CPAs as its new auditor for the fiscal year ending December 31, 2025. The company has also regained compliance with Nasdaq’s minimum market value rule, maintaining the required threshold for 16 consecutive trading days. These developments reflect ScanTech AI’s ongoing efforts to strengthen its financial position and corporate governance.
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