ScanTech AI Opens $100M Market Opportunity via TIPS Contract with Creeksource Consulting
ScanTech AI (Nasdaq: STAI) has secured a valuable procurement channel through a contract with Creeksource Consulting LLC under The Interlocal Purchasing System (TIPS). This agreement allows government agencies, educational institutions, municipalities, and nonprofits to purchase ScanTech AI’s advanced security screening technologies directly through the TIPS national cooperative.
This partnership provides access to an estimated $100 million market opportunity, covering more than 3,000 county courthouses, 13,000 municipal courthouses, and thousands of other municipal facilities across the United States. The new procurement pathway streamlines the process for deploying ScanTech AI’s smart screening systems in government-operated buildings nationwide.
New Procurement Pathway Simplifies Access for Public Sector Agencies
Based in Atlanta, GA, ScanTech AI announced its collaboration with Creeksource Consulting via the TIPS contract, enabling eligible public sector entities to procure its security solutions more efficiently. By teaming with an approved TIPS vendor, ScanTech AI reduces administrative hurdles and aligns with public procurement standards.
Dolan Falconer, CEO of ScanTech AI, stated, “TIPS offers a trusted and efficient way for government clients to access advanced screening technologies. Our partnership with Creeksource Consulting expands market reach and simplifies deployment for agencies.”
The contract targets critical infrastructure facilities, including thousands of courthouses and municipal buildings, positioning ScanTech AI to scale its technology deployments while meeting compliance and procurement guidelines.
About ScanTech AI
ScanTech AI Systems Inc. (Nasdaq: STAI) develops advanced non-intrusive ‘fixed-gantry’ CT screening technologies. Their scanners combine proprietary artificial intelligence and machine learning to quickly and accurately detect hazardous materials and contraband.
Designed to automatically locate and identify threats, ScanTech AI’s systems are suited for airports, seaports, borders, embassies, corporate headquarters, government buildings, factories, and other high-security venues.
For more information, visit www.scantechais.com and investor.scantechais.com.
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