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Liberty Defense Enters Cruise Industry, Signs Agreement with Port Tampa Bay

Tampa, FL and Vancouver, BC – October 28, 2019 – Liberty Defense Holdings Ltd. (“Liberty”) (TSXV: SCAN; FRANKFURT: LD2; OTCQB:LDDFF), a leading concealed weapons detection solutions company, is announcing that it has signed a collaboration agreement (“CoA”) with Port Tampa Bay to beta test HEXWAVE.

The Tampa Bay/Orlando I-4 Corridor region is the fastest growing region of the state, home to more than eight million residents and welcoming over 60 million visitors per year.

Between the years 2007 and 2017, total cruise ship passenger capacity grew by 25 per cent in North America, with the following 10 years estimated to see a further 41 per cent increase, according to a 2017 report.

Beta testing involves testing HEXWAVE in a live environment such as Port Tampa Bay with the initial Alpha testing to occur at Liberty’s Center of Excellence laboratory in Atlanta.

HEXWAVE uses low-power, radar imaging and artificial intelligence, primarily to detect and identify weapons. The system is built to be modular and scalable and may be used both indoors and outdoors, providing security teams with a flexible and effective security solution. These characteristics also have the ability to enable a layered defense strategy for a venue, meaning the ability to detect threats at the perimeter of the property without obstructing the movement of large groups of people.

“Port Tampa Bay will be an excellent partner on this project. The port will be able to provide Liberty with new learning opportunities by opening up access to the unique aspects of security for cruise lines, which have frequent vacationers traveling in and out of Florida,” said Bill Riker, CEO of Liberty Defense. “The port environment will bring its own set of challenges from an operational perspective. Ultimately, the data’s integration into our product development efforts will be invaluable,” added Riker.

Port Tampa Bay President/CEO Paul Anderson said, “Having recently celebrated over one million cruise ship passengers in one fiscal year for the first time in our history, its imperative that we continue to seek opportunities to evaluate technologies like those developed by Liberty Defense. The potential of HEXWAVE’s high throughput is very appealing to us because it provides a new way to strengthen our security posture and ensure the safety of all passengers without slowing down the flow of visitor traffic. We are looking forward to working with Liberty Defense to test this new technology that will help us to stay ahead of potential threats.”

This beta testing phase is a key part of HEXWAVE’s development process. Testing the system in operational and diverse facilities can help to ensure that it is aligned to market requirements. Beta testing is expected to begin later in 2019 and progress into 2020. Liberty will also beta test HEXWAVE at FC Bayern Munich’s Allianz Arena in Germany, Rogers Arena in Vancouver, British Columbia, Maryland Stadium Authority’s Camden Yards Complex, in the state of Utah, with the Virginia Division of Capitol Police, in Sleiman shopping centers, in a Hindu temple, in the Metro Toronto Convention Centre, in Toronto Pearson International Airport, and with the University of Wisconsin Police Department.

On Behalf of Liberty Defense

Bill Riker
CEO & Director

About Liberty Defense

Liberty provides security solutions for concealed weapon detection in high volume foot traffic areas and 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 that are packaged into the HEXWAVE product. The system is designed to provide discrete, modular and scalable protection to provide layered, stand-off detection capability. This is intended to provide a means to proactively counter evolving urban threats. The sensors with active 3D radar imaging and Artificial Intelligence (AI)-enhanced automatic detection are designed to detect metallic and non-metallic firearms, knives, explosives and other threats. Liberty is committed to protecting communities and preserving peace of mind through superior security detection solutions. Learn more: libertydefense.com

About Port Tampa Bay

Port Tampa Bay is Florida’s largest port, supporting nearly 85,000 jobs and generating $18 billion in annual economic impact. In addition to being a top 10 U.S. cruise port, the port handles a wide array of bulk, break bulk, containers and roll-on/roll-off cargoes, and is a major shipbuilding and repair center. For more information, visit https://www.porttb.com/.

About the cruise industry

In North America
North American cruise capacity is set to grow by an estimated 41% over the next 10 years, compared to the previous 10 years which saw a 25% increase in passenger capacity, according to the 2017-2018 Cruise Industry News Annual Report. The fleet will grow from ~199 ships and a passenger capacity of 13.7 million in 2017 to 242 ships and a passenger capacity of 19.3 million in 2027.

Globally
Globally, 30 million passengers are expected to cruise in 2019, according to statistics from Cruise Lines International Association, compared to 28.5 million in 2018.

For further information contact:

Liberty investor relations:

Adam Ross
Telephone: 604-336-9820 x1
Toll-Free: 1-833-923-3334
Email: info@libertydefense.com

Liberty media relations:

Brittany Whitmore
Telephone: 778-238-6096
Email: brittany@exvera.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. The forward-looking statements and information in this press release include, amongst others, information relating to the expectation of future CoAs and validation of technology. 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. Such factors include, among others, the development of HEXWAVE and future Beta testing. These fluctuations may adversely affect the price of the Liberty’s securities, regardless of its operating performance. 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 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 caution 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 the parties 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.

All amounts referred to herein are in Canadian dollars unless otherwise indicated.

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.

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