ScanTech Identification Beam Systems, LLC ("ScanTech"), an innovator of next-generation 'fixed-gantry' computed tomography (CT) screening systems, based in Metro-Atlanta, Georgia, and Visiontec Systems ("Visiontec"), a value-added Canadian supplier that specializes in providing front-line security and CBRNE (chemical, biological, radiological, nuclear and explosive) technologies, products and services, today announced that Visiontec has entered into a definitive contract to provide ScanTech's CT screening systems to one of the largest, most diverse power producers in North America
ScanTech Identification Beam Systems, LLC ("ScanTech"), an innovator of next-generation 'fixed-gantry' computed tomography (CT) screening systems, based in Metro-Atlanta, Georgia, and Visiontec Systems ("Visiontec"), a value-added Canadian supplier that specializes in providing front-line security and CBRNE (chemical, biological, radiological, nuclear and explosive) technologies, products and services, today announced that Visiontec has entered into a definitive contract to provide ScanTech's CT screening systems to one of the largest, most diverse power producers in North America
In accordance with the multimillion-dollar contract, Visiontec will provide a comprehensive security screening system for large-scale critical nuclear power infrastructure in Canada by delivering, integrating, installing, training, and providing long-term technical support for ScanTech's SENTINEL CT Checkpoint Baggage Scanning System.
Initially, ScanTech focused on providing airport security screening services. We, however, recognize that as the world becomes increasingly unstable, we will have to enhance the front-end security of a wide range of mission critical infrastructures as a matter of course. Hence, we are delighted to partner with Visiontec Systems in order to deliver our advanced screening systems to this market," said Dolan Falconer, CEO of ScanTech.
As a company, Visiontec Systems is always striving to provide its customers with the best equipment available in conjunction with highly responsive technical support.. An existing customer from Canada was looking to replace its existing conventional x-ray technology with a new class of CT screening systems in order to increase the efficiency with which it could detect new and upcoming threats within its facility. As a result of this challenge, ScanTech emerged as the ideal company to tackle it, and we are looking forward to implementing this landmark contract with them.As stated by Dave Corrigan, President of Visiontec Systems, "
As stated by Dave Corrigan, President of Visiontec Systems, "
An overview of ScanTech Identification Beam Systems, LLC
The CT screening technology developed by ScanTech is one of the world's most advanced non-intrusive 'fixed-gantry' CT screening methods. In its state-of-the-art fixed-gantry CT scanners, ScanTech uses proprietary artificial intelligence (AI) and machine-learning capabilities to detect hazardous and contraband materials with high accuracy and speed.. In addition to being able to identify and locate threat materials and items of interest at checkpoints in airports, seaports, borders, embassies, corporate headquarters, government and commercial buildings, factories, processing plants, and other facilities where terrorism and prohibited items are possible, ScanTech's 'fixed-gantry' CT scanners are engineered to do just that.. There is no doubt that ScanTech's fixed-gantry CT scanners are capable of detecting, identifying, precisely locating, and discriminating materials of interest hidden within targets that are being scanned, regardless of whether they are explosives or contraband.. ScanTech has a non-intrusive inspection solution for a wide range of critical infrastructure industries, covering suitcases, briefcases, backpacks, large packages, and parcels, that can be used in a wide range of areas to meet the needs of a broad range of critical infrastructure industries.  
  
ScanTech announced on September 5, 2023 that it had entered into a definitive agreement with Mars Acquisition Corp. for the purpose of merging the two companies. As a result of this acquisition by Mars (Nasdaq: MARX) ("Mars"), a public special purpose acquisition company, ScanTech will soon become a publicly traded company.. Upon the completion of the proposed business combination transaction, each of ScanTech and Mars will become subsidiaries of ScanTech AI Systems Inc..ScanTech will continue to operate as a subsidiary of Pubco, a newly formed Delaware holding company ("Pubco"), and Pubco will continue to operate as a subsidiary of ScanTech. Upon completion of the business combination, Pubco plans to apply for listing of the Pubco common stock on Nasdaq under the symbol "STAI," effective at the time of the business combination.
Upon completion of the business combination, Pubco plans to apply for listing of the Pubco common stock on Nasdaq under the symbol "STAI," effective at the time of the business combination.
An overview of Visiontec Systems can be found here.
As a Canadian integration and solutions company, Visiontec Systems provides front-line security and CBRNE products, services, and solutions to various governments and agencies across the country. As the exclusive representative of select international manufacturers of world-class security products, Visiontec takes the time to understand the needs of its customers and recommend solutions ranging from a single product to an entire turnkey security solution. Visit the Visiontec Systems website for more information.
Here is some information about Mars Acquisition Corp.
Mars Acquisition Corp. is a Cayman Islands exempted company incorporated as a blank check company, also commonly referred to as a special purpose acquisition company, or SPAC, incorporated for the purpose of undergoing a merger, a share exchange, the acquisition of an asset, the purchase of a stock, the reorganization of a business, or any similar business combination.
There is no offer or solicitation of any kind
It is important to note that this press release is not a solicitation of a proxy, consent or authorization for any securities or with respect to the potential business combination between Mars and ScanTech and does not constitute a proxy statement or solicitation of a proxy, consent or authorization.. We do not intend to offer or solicit any offers to sell or exchange any securities, nor do we intend to solicit an offer to buy or exchange any securities, in any state or other jurisdiction in which such offers, sales or exchanges would be unlawful prior to registration or qualification under the securities laws of the state in which such offers, sales or exchanges take place.
We do not intend to offer or solicit any offers to sell or exchange any securities, nor do we intend to solicit an offer to buy or exchange any securities, in any state or other jurisdiction in which such offers, sales or exchanges would be unlawful prior to registration or qualification under the securities laws of the state in which such offers, sales or exchanges take place.
It is prohibited to make an offer of securities other than through the preparation of a prospectus that meets the requirements of the Securities Act of 1933, as amended, and the rules of the Securities and Exchange Commission ensuing from that act.
Here is some additional information about the business combination and where you can find it
Pubco and Mars intend to file relevant materials with the Securities and Exchange Commission (SEC) in connection with the proposed business combination between Mars and ScanTech described herein, including a registration statement on Form S-4, which includes a proxy statement, prospectus, and consent solicitation.. Investors and security holders are encouraged to carefully review such information, including the risk factors and other disclosures contained therein, to ensure that they are aware of them. Mars shareholders will receive the proxy statement/prospectus/consent solicitation in the form of a letter. There will also be other documents filed with the Securities and Exchange Commission by Pubco and Mars regarding the proposed business combination. Before making any voting or investment decision, investors and security holders of Mars and ScanTech are encouraged to read the registration statement, proxy statement/prospectus/consent solicitation, as well as all relevant documents that have been filed or that will be filed with the SEC in connection with the proposed business combination as soon as they become available in connection with the proposed business combination since these documents will provide important information regarding the proposed business combination.
Before making any voting or investment decision, investors and security holders of Mars and ScanTech are encouraged to read the registration statement, proxy statement/prospectus/consent solicitation, as well as all relevant documents that have been filed or that will be filed with the SEC in connection with the proposed business combination as soon as they become available in connection with the proposed business combination since these documents will provide important information regarding the proposed business combination.
The SEC will permit investors and security holders to obtain a free copy of the proxy statement/prospectus/consent solicitation as well as all other relevant documents filed or that will be filed with the SEC by Pubco or Mars by making a written or oral request to Mars' Chief Executive Officer, Karl Brenza, at Mars Acquisition Corp..You may contact them at the Americas Tower, 1177 Avenue of the Americas, Suite 5100, New York, NY 10036 or by phone at (866) 667-6277.. As soon as these documents are available, you can also obtain them, without charge, from the SEC's website at www.sec.gov.A few seconds.The government
The government
A SEC or any other regulatory authority has not approved or disapproved an investment in any of the securities described herein, or any other regulatory authority has not approved or rejected it. In addition, no securities authority has approved or endorsed the merits of the proposed transactions pursuant to which any securities are to be offered, or the accuracy or sufficiency of the information contained in this document. A CRIMINAL OFFENSE IS A REPRESENTATION TO THE CONTRARY.
Participants in the Solicitation Process
With regard to the proposed business combination, Pubco, Mars and ScanTech, along with their respective directors, executive officers and other individuals, may be considered to have participated in the solicitation of proxies from Mars' shareholders as well as the solicitation of consents from the members of ScanTech.. There is information about the current directors and executive officers of Mars in the company's final prospectus, dated as of February 13, 2023, which was filed with the Securities and Exchange Commission (SEC) on February 14, 2023, and which can be found online for free at the SEC's website at www.sec.gov..A few seconds.gov or by sending an email to: Mars Acquisition Corporation at the address below.Americas Tower, 1177 Avenue of the Americas, Suite 5100, New York, New York 10036, United States. The information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of for the proposed business combination will be provided by Mars and Pubco in their filings with the SEC, including the proxy statement, prospectus, consent solicitation, and any other relevant information that may be filed with the SEC in connection with the proposed business combination once it becomes available.
The information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of for the proposed business combination will be provided by Mars and Pubco in their filings with the SEC, including the proxy statement, prospectus, consent solicitation, and any other relevant information that may be filed with the SEC in connection with the proposed business combination once it becomes available.
Statements that are forward-looking
Mars and ScanTech are making certain statements in this press release that may be considered "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, and are based on beliefs and assumptions as well as information currently available to Mars and ScanTech.. In some cases, forward-looking statements can be identified by the following words: "may," "will," "could," "would," "should," "expect," "intend," "plan," "anticipate," "believe," "estimate," "predict," "project," "potential," "continue," "ongoing," "target," "seek" or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, although not all forward-looking statements include these words or the negative or plural of these words.. It is important to note that forward-looking statements only speak as of the date they are made. As a result, readers are cautioned not to place undue reliance on forward-looking statements, and ScanTech assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information or future events, or for any other reason.
As a result, readers are cautioned not to place undue reliance on forward-looking statements, and ScanTech assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information or future events, or for any other reason.
Here are the contact details for the company:
LLC, ScanTech Identification Beam Systems, Inc.
CEO Dolan Falconer can be reached at [email protected] 
VISIONTEC SYSTEMS, INC.
It is important to note that Dave Corrigan is a Product Specialist & Senior Tech at [email protected] 
The Mars Acquisition Corporation is a company focused on acquisitions.
[email protected] is the CEO and CFO of Karl Brenza 
Mars Acquisition Corp. is the source of this information.
It was announced today that Mars Acquisition Corp. (Nasdaq: MARX) ("Mars"), a publicly traded special purpose acquisition company, has received a confidential submission by...
An innovator in next-generation computed tomography (CT) screening systems, ScanTech Identification Beam Systems, LLC ("ScanTech") has developed a next-generation 'fixed gantry' CT screening system...
If you would like to receive PRN's top stories and curated news delivered directly to your inbox every week, you can sign up here.

Source prnewswire