By Chris Wack
ScanTech AI Systems shares doubled, to $4.35, after the company said it signed a deal with the Virginia Department of Corrections to deploy its Fixed-Gantry Sentinel Computed Tomography scanner.
The screening technology company said Tuesday this project will help find and prevent illegal contraband in correctional facilities throughout Virginia.
The stock hit its 52-week low of $1.23 on Feb. 12, and is down 61% in the past 12 months.
Write to Chris Wack at chris.wack@wsj.com
(END) Dow Jones Newswires
February 18, 2025 12:44 ET (17:44 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.