- ScanTech AI Systems (STAI, Financial) announces its CustomsTrace AI™ platform has been endorsed by former U.S. Customs Commissioner Ralph Basham.
- The platform is aimed at enhancing national and economic security by addressing trade compliance and improving supply chain transparency.
- Launch expected in Q3/Q4 2025, with advanced non-intrusive CT screening and AI-powered detection capabilities.
ScanTech AI Systems Inc. (Nasdaq: STAI), a leader in non-intrusive fixed-gantry CT screening technologies, has received a significant endorsement from former U.S. Customs and Border Protection Commissioner Ralph Basham for its innovative CustomsTrace AI™ platform. Basham emphasizes the technology as crucial for both national and economic security.
The CustomsTrace AI™ platform is in development and aims for a market launch in the third or fourth quarter of 2025. This platform is designed to tackle trade compliance challenges and bolster supply chain transparency by utilizing ScanTech's proprietary imaging technology and AI-powered algorithms.
Key features of the CustomsTrace AI™ system include its advanced imaging technology for fast and precise product recognition, cost efficiency through automated validation of harmonization codes and tariffs, and AI-powered algorithms that promise superior detection capabilities compared to existing systems.
Supporting the platform’s development and future growth is a newly formed Technical Advisory Committee, which includes former officials from U.S. Customs, the FBI, and leaders in the logistics sector. This strategic team will guide the market adoption and integration of CustomsTrace AI™ into current customs operations, addressing both the volume and complexity of modern trade.
While the platform has garnered high-profile endorsements, it remains a development-stage initiative with no immediate revenue impact projected. The company's efforts are focused on finalizing the product development by leveraging over a decade of technological advancements.
