Jul 20, 2022
Liberty Defense Announces Beta Trial Update
Wilmington, MA, – July 20, 2022 – Liberty Defense Holdings Ltd. (“Liberty” or the “Company”)
(TSXV: SCAN, OTCQB: LDDFF, FRANKFURT: LD2A), a leading technology provider of detection solutions for concealed weapons and threats, is pleased to announce that it has finalized plans for the start of the upcoming beta trials of its HEXWAVE™ walkthrough security detection system, with the first beta unit on track to be delivered to its testing location by the end of August 2022.
The Company will deploy beta units in several settings, including a place of worship, an MLB stadium, a large state university, and in major airports for airline employee screening. Liberty has also expanded the number of planned beta sites to include more locations given the increased level of interest in the HEXWAVE and its ability to screen people efficiently for concealed metallic and non-metallic threats. These testing sites will expand to include more target market verticals including a cruise ship terminal, government buildings, and more. Beta testing will continue over the coming 12 weeks.
Since the last product update, the Company has continued to significantly improve the performance of the HEXWAVE system and has collected over 45,000 scenes incorporating a wide range of threat types, threat orientation, and various body types to train its Artificial Intelligence (AI) software. This improved performance of the walkthrough system will allow for advanced detection of today’s evolving threats that include 3D printed guns, as well as liquid, plastic, and powder explosives.
HEXWAVE uses millimeter wave, advanced 3D imaging, and AI for enhanced detection capability, processing over 720 people per hour depending on the concept of operations. The system provides security operators with an automatic go/no-go decision, and a seamless experience for patrons and passengers.
“Liberty has continued to hire the best and the brightest to support building out an extremely robust software and hardware configuration as we prepare to launch the beta,” says Liberty Defense CEO Bill Frain. “We are thrilled with the progress and look forward to getting HEXWAVE into real-world testing locations next month starting at our first beta site.”
In other news, Liberty Defense will be among a select group of companies presenting in person in Boston, MA, at the Canaccord Genuity 42nd Annual Growth Conference on August 10, 2022, at 3:30 p.m. ET. The presentation can be viewed at the link following the conference: https://wsw.com/webcast/canaccord76/lddff/2613024.
For updates and news, please visit the Company website to subscribe to email alerts or follow Liberty Defense on social channels.
On Behalf of Liberty Defense
Bill Frain
CEO & Director
About Liberty Defense
Liberty Defense (TSXV: SCAN, OTCQB: LDDFF, FRANKFURT: LD2A) provides multi-technology security solutions for concealed weapons detection in high volume foot traffic areas and locations requiring enhanced security such as airports, stadiums, schools, and more. Liberty’s HEXWAVE product, for which the company has secured an exclusive license from Massachusetts Institute of Technology (MIT), as well as a technology transfer agreement for patents related to active 3D radar imaging technology, provides discrete, modular, and scalable protection to provide layered, stand-off detection capability of metallic and non-metallic weapons. Liberty has also recently licensed the millimeter wave-based, High-Definition Advanced Imaging Technology (HD-AIT) body scanner and shoe scanner technologies as part of its technology portfolio. Liberty is committed to protecting communities and preserving peace of mind through superior security detection solutions. Learn more: LibertyDefense.com
For further information about Liberty, please contact:
Jay Adelaar
Senior Vice President of Capital Markets, Liberty Defense
604-809-2500
jay@libertydefense.com
FORWARD-LOOKING STATEMENTS
When used in this press release, the words “estimate”, “project”, “belief”, “anticipate”, “intend”, “expect”, “plan”, “predict”, “may” or “should” and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although Liberty believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. Such statements and information reflect the current view of Liberty. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There are a number of important factors that could cause Liberty’s actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general development, market and industry conditions. The parties undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of their securities or their respective financial or operating results (as applicable).
Liberty cautions that the foregoing list of material factors is not exhaustive. When relying on Liberty’s forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Liberty has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Liberty as of the date of this press release and, accordingly, are subject to change after such date. Liberty does not undertake to update this information at any particular time except as required in accordance with applicable laws.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this press release.