Sep 12, 2024
Liberty Defense Receives Follow on Contract Award from Prestigious US Laboratory
Wilmington, MA USA – September 12, 2024 – Liberty Defense Holdings Ltd. (“Liberty” or the “Company”) (TSXV: SCAN, OTCQB: LDDFF, FRANKFURT: LD2A), a leading technology provider of Artificial Intelligence (AI)-based next generation detection solutions for protecting secure locations against prohibited weapons and other threats, is pleased to announce that it has received a follow on contract award to support a high profile security screening program for high throughput mass transit systems. As previously announced, the Company delivered a HEXWAVE™ system to be integrated into a larger layered security system implementation currently under development. Liberty will be integrating a multi sensor application from the HEXWAVE to this platform to enhance the performance of the layered security approach for this program.
HEXWAVE uses millimeter wave, advanced 3D imaging and AI to detect concealed metallic and non-metallic threats and other prohibited items. The system allows for rapid, automated screening using a high-throughput, contactless, walkthrough portal to detect liquid, powder and plastic explosives, 3D printed ghost guns and other contraband that enhanced metal detectors on the market do not detect.
“We continue to see demand for the HEXWAVE and it’s multi sensor capabilities across various market verticals,” says Liberty CEO Bill Frain. “This is a perfect implementation for the HEXWAVE as we can provide multiple forms of data to enhance the detection and overall performance of an integrated security screening platform.”
Liberty has deployed it’s HEXWAVE technology for aviation screening, correctional facilities, protection of national laboratories, and other critical infrastructure applications.
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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
For sales information, please contact:
Ian McNaughton
Senior Director Business development
613-292-3669
imcnaughton@libertydefense.com
FORWARD-LOOKING STATEMENTS
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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.
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