Liberty Defense Selected by Viken Detection for Purchase of 30 HEXWAVE Units and Distribution Agreement for Increased Market Penetration

Wilmington, MA USA – February 6, 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 it has entered into a strategic agreement with Viken Detection (“Viken”), which includes the sale of 30 HEXWAVE units to be delivered in 2024. Payment for the first 15 units was made in advance to accelerate market penetration. Viken Detection is a global leader in threat detection and screening technologies and is entering into a partnership to sell HEXWAVE™ into an ever-growing security screening market in the Americas.

As part of the agreement, Viken will add the HEXWAVE walkthrough people screening system, which uses AI and machine learning to seamlessly detect weapons and other threats in real-time, to its vast detection product portfolio and established network in the US, Canada, and South America.

Viken Detection equips public safety organizations, including customs and border protection agencies, law enforcement and security professionals with effective, safe, and affordable technologies to detect and identify concealed threats. The company’s innovative suite of handheld x-ray imagers, chemical analyzers, vehicle scanners and elemental analyzers are proven and reliable in their respective markets with thousands of units operating in the field. Viken Detection is headquartered in Burlington, Massachusetts inside the region’s tech hub, the Boston Technology Corridor.

“We are excited to have reached an agreement to expand the customer outreach for the HEXWAVE technology in the Americas.  Establishing a distribution network is key to our overall strategy as the demand grows for enhanced security and the detection of non-metallic and metallic threats,” said Bill Frain, CEO of Liberty Defense.

“This is a perfect fit for Viken as Liberty’s next generation technologies complement our expanding portfolio of security solutions, which will deepen relationships with our existing customers and open up doors to new ones,” said Jim Ryan, CEO of Viken Detection.

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: SCANOTCQB: LDDFFFRANKFURT: 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 system uses millimeter wave, advanced 3D imaging, and AI technologies that have been secured under exclusive license and developed proprietarily to automatically detect all types of concealed metallic and non-metallic weapons and other prohibited items. Liberty is also developing the next generation of aviation passenger screening with the millimeter wave-based, High-Definition Advanced Imaging Technology (HD-AIT) body 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 further sales information, please contact:

Ian McNaughton
Senior Director Business development
613-292-3669
imcnaughton@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.

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