ScanTech AI Systems Secures TIPS Contract, Unlocking $100M Market Potential

Reuters
07/29

ScanTech AI Systems Inc., a leader in advanced security screening technologies, has announced a new procurement contract with Creeksource Consulting LLC through The Interlocal Purchasing System $(TIPS)$.

This agreement allows eligible government entities, educational institutions, municipalities, and nonprofits to purchase ScanTech AI's solutions via the TIPS national purchasing cooperative. The partnership aims to streamline procurement, reduce administrative burdens, and ensure compliance with public sector procurement standards.

This collaboration positions ScanTech AI to access an estimated $100 million market opportunity, potentially accelerating the deployment of its smart screening systems across government-operated facilities nationwide.

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