ScanTech AI Unlocks Potential $100M Market Opportunity Through TIPS Procurement Contract with Creeksource Consulting
ScanTech AI (Nasdaq: STAI) has secured a significant procurement opportunity through a partnership with Creeksource Consulting LLC via The Interlocal Purchasing System (TIPS) contract. This strategic agreement enables government entities, educational institutions, municipalities, and nonprofits to purchase ScanTech AI's advanced security screening technologies through the TIPS national purchasing cooperative.
The collaboration unlocks access to an estimated $100 million addressable market, targeting over 3,000 county courthouses, 13,000 municipal courthouses, and thousands of additional municipal facilities across the United States. This procurement pathway aims to streamline the deployment of ScanTech AI's smart screening systems in government-operated facilities nationwide.
ScanTech AI (Nasdaq: STAI) ha ottenuto un'importante opportunit脿 di approvvigionamento grazie a una partnership con Creeksource Consulting LLC tramite il contratto The Interlocal Purchasing System (TIPS). Questo accordo strategico consente a enti governativi, istituzioni educative, municipalit脿 e organizzazioni no-profit di acquistare le avanzate tecnologie di sicurezza di ScanTech AI attraverso il consorzio nazionale di acquisti TIPS.
La collaborazione apre l'accesso a un mercato stimato di 100 milioni di dollari, rivolto a oltre 3.000 tribunali di contea, 13.000 tribunali municipali e migliaia di altre strutture comunali negli Stati Uniti. Questo canale di approvvigionamento mira a facilitare l'implementazione dei sistemi di screening intelligenti di ScanTech AI nelle strutture governative a livello nazionale.
ScanTech AI (Nasdaq: STAI) ha asegurado una importante oportunidad de adquisici贸n mediante una asociaci贸n con Creeksource Consulting LLC a trav茅s del contrato de The Interlocal Purchasing System (TIPS). Este acuerdo estrat茅gico permite a entidades gubernamentales, instituciones educativas, municipios y organizaciones sin fines de lucro adquirir las avanzadas tecnolog铆as de seguridad de ScanTech AI a trav茅s de la cooperativa nacional de compras TIPS.
La colaboraci贸n abre el acceso a un mercado estimado en 100 millones de d贸lares, dirigido a m谩s de 3,000 tribunales de condado, 13,000 tribunales municipales y miles de otras instalaciones municipales en todo Estados Unidos. Esta v铆a de adquisici贸n busca facilitar la implementaci贸n de los sistemas inteligentes de detecci贸n de ScanTech AI en instalaciones operadas por el gobierno a nivel nacional.
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ScanTech AI (Nasdaq : STAI) a obtenu une opportunit茅 d'approvisionnement importante gr芒ce 脿 un partenariat avec Creeksource Consulting LLC via le contrat The Interlocal Purchasing System (TIPS). Cet accord strat茅gique permet aux entit茅s gouvernementales, institutions 茅ducatives, municipalit茅s et organisations 脿 but non lucratif d'acheter les technologies avanc茅es de contr么le de s茅curit茅 de ScanTech AI via la coop茅rative nationale d'achats TIPS.
Cette collaboration ouvre l'acc猫s 脿 un march茅 estim茅 脿 100 millions de dollars, ciblant plus de 3 000 palais de justice de comt茅, 13 000 palais de justice municipaux et des milliers d'autres installations municipales 脿 travers les 脡tats-Unis. Cette voie d'approvisionnement vise 脿 faciliter le d茅ploiement des syst猫mes de contr么le intelligents de ScanTech AI dans les installations g茅r茅es par le gouvernement 脿 l'茅chelle nationale.
ScanTech AI (Nasdaq: STAI) hat durch eine Partnerschaft mit Creeksource Consulting LLC im Rahmen des The Interlocal Purchasing System (TIPS)-Vertrags eine bedeutende Beschaffungsm枚glichkeit gesichert. Diese strategische Vereinbarung erm枚glicht es Regierungsstellen, Bildungseinrichtungen, Kommunen und gemeinn眉tzigen Organisationen, die fortschrittlichen Sicherheitsscanning-Technologien von ScanTech AI 眉ber die nationale Einkaufsgemeinschaft TIPS zu erwerben.
Die Zusammenarbeit er枚ffnet Zugang zu einem gesch盲tzten 100-Millionen-Dollar-Markt, der 眉ber 3.000 Bezirksgerichte, 13.000 kommunale Gerichte und Tausende weitere kommunale Einrichtungen in den Vereinigten Staaten umfasst. Dieser Beschaffungsweg zielt darauf ab, die Einf眉hrung der intelligenten Screening-Systeme von ScanTech AI in staatlich betriebenen Einrichtungen landesweit zu erleichtern.
- None.
- Contract requires partnership with third-party vendor Creeksource
- Actual revenue generation dependent on successful procurement bids
Insights
ScanTech AI's TIPS contract creates efficient access to $100M government market, potentially accelerating sales cycles and revenue growth.
ScanTech AI's new TIPS contract through Creeksource Consulting represents a significant procurement breakthrough that could substantially accelerate the company's public sector penetration. This arrangement effectively removes multiple barriers to government sales by allowing agencies to bypass lengthy RFP processes and leverage pre-negotiated terms.
The $100 million market opportunity cited in the announcement is credible given the specified target facilities: 3,000+ county courthouses, 13,000+ municipal courthouses, and thousands of additional critical infrastructure facilities. These locations typically require enhanced security screening technologies, which aligns perfectly with ScanTech's offerings.
What makes this particularly valuable is that TIPS cooperative contracts typically run for 3-5 years, providing ScanTech with a stable procurement channel during that period. Government procurement through cooperatives like TIPS has grown significantly over the past decade as agencies seek procurement efficiencies. Most importantly, this arrangement can dramatically compress sales cycles - traditional government procurement can take 12-18 months, while cooperative purchasing can reduce this to 3-6 months.
The partnership with Creeksource as the prime contractor is a strategic workaround that allows ScanTech to access TIPS without having to independently qualify as a vendor. While this likely means sharing some margin with Creeksource, the expanded market access and accelerated sales timeline likely outweighs this consideration.
New Procurement Pathway Enhances Access to ScanTech AI Solutions for Public Sector Agencies Nationwide Through TIPS Cooperative
Atlanta, GA, July 29, 2025 (GLOBE NEWSWIRE) -- ScanTech AI Systems Inc. (the "Company" or "ScanTech AI") (Nasdaq: ),听 a leading innovator in advanced security screening technologies, announced today it will offer its technologies through an The Interlocal Purchasing System (TIPS) contract that it entered into with Creeksource Consulting LLC.
This enables eligible government entities, educational institutions, municipalities, and nonprofits to potentially purchase ScanTech AI鈥檚 solutions via the TIPS national purchasing cooperative. Through the Teaming Agreement with Creeksource, an approved TIPS vendor, ScanTech AI aims to streamline procurement, minimize administrative burden, and ensure alignment with public sector procurement standards.
鈥淭IPS provides a trusted and efficient pathway for government clients to access advanced screening technologies,鈥� said Dolan Falconer, Chief Executive Officer of ScanTech AI. 鈥淭hrough our partnership with Creeksource Consulting, we aim to expand market access and making it easier for agencies to deploy our solutions quickly and compliantly.鈥�
With more than 3,000 county courthouses, approximately 13,000 municipal courthouses, and thousands of additional municipal facilities classified as critical infrastructure across the United States, the TIPS contract collaboration opens access to an estimated
About ScanTech AI
ScanTech AI Systems Inc. (Nasdaq: STAI) has developed one of the world鈥檚 most advanced non-intrusive 鈥榝ixed-gantry鈥� CT screening technologies. Utilizing proprietary artificial intelligence and machine learning capabilities, ScanTech AI鈥檚 state-of-the-art scanners accurately and quickly detect hazardous materials and contraband. Engineered to automatically locate, discriminate, and identify threat materials and items of interest, ScanTech AI鈥檚 solutions are designed for use in airports, seaports, borders, embassies, corporate headquarters, government and commercial buildings, factories, processing plants, and other facilities where security is a priority.
For more information, visit and .
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended (the 鈥淪ecurities Act鈥�), and Section 21E of the U.S. Securities Exchange Act of 1934, as amended (鈥淓xchange Act鈥�), including statements regarding ScanTech AI鈥檚 management team鈥檚 expectations, hopes, beliefs, intentions, plans, prospects or strategies regarding the future, including market opportunities and access, contracts and other possible opportunities as a result of the TIPS contract, revenue growth and financial performance, product expansion and services. Any statements contained herein that are not statements of historical fact may be deemed to be forward-looking statements. Additionally, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words 鈥渕ay,鈥� 鈥渨ill,鈥� 鈥渃ould,鈥� 鈥渨ould,鈥� 鈥渟hould,鈥� 鈥渆xpect,鈥� 鈥渋ntend,鈥� 鈥減lan,鈥� 鈥渁nticipate,鈥� 鈥渂elieve,鈥� 鈥渆stimate,鈥� 鈥減redict,鈥� 鈥減roject,鈥� 鈥減otential,鈥� 鈥渃ontinue,鈥� 鈥渙ngoing,鈥� 鈥渢arget,鈥� 鈥渟eek鈥� or the negative or plural of these words, or other similar expressions that are predictions or indicate future events or prospects, may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements contained in this press release are based on the current expectations and beliefs made by the management of ScanTech AI, in light of their respective experience and their perception of historical trends, current conditions and expected future developments and their potential effect on ScanTech AI, as well as other factors they believe are appropriate under the circumstances. There can be no assurance that future developments affecting ScanTech AI will be those that it has anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond the control of the parties) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, including product and service acceptance, regulatory oversights, research and development success, and that ScanTech AI will have sufficient capital to operate as anticipated. Should one or more of these risks of uncertainties materialize, or should any of the assumptions of ScanTech AI prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. Additional factors that could cause actual results to differ are discussed under the heading 鈥淩isk Factors鈥� and in other sections of the filings of ScanTech AI (and its predecessor, Mars) with the U.S. Securities and Exchange Commission (the 鈥淪EC鈥�), and in the current and periodic reports filed or furnished by ScanTech AI (and its predecessor, Mars) from time to time with the SEC. All forward-looking statements in this press release are made as of the date hereof, based on the information available to ScanTech AI as of the date hereof, and ScanTech AI assumes no obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise, except as may otherwise be required under applicable securities laws.
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FAQ
What is the potential market size for ScanTech AI (STAI) through the TIPS contract?
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