ScanTech Identification Beam Systems, LLC ("ScanTech") and Mars Acquisition Corp. ("Mars") announced that they have entered into a definitive business combination agreement (the "Business Combination Agreement") that will result in ScanTech becoming a publicly listed company (the "Business Combination"). Pursuant to the Business Combination Agreement, each of ScanTech and Mars will merge with newly-formed subsidiaries of ScanTech AI Systems Inc., a newly-formed Delaware holding company ("Pubco"), and Pubco will be the parent company of each of ScanTech and Mars following the consummation of the transaction.

Mr. Karl Brenza, CEO of Mars, will be appointed as the Chairman of the Board of Pubco immediately after the closing.