Oct 20, 2021

Liberty Receives $500,000 Contract Award from TSA for Improved Threat Detection Using HEXWAVE System

Atlanta, GA, USA – October 20, 2021 – Liberty Defense Holdings Ltd. (“Liberty” or the “Company”) (TSXV: SCAN, OTCQB: LDDFF, FRANKFURT: LD2), a leading technology provider for concealed weapons and threat detection solutions, is pleased to announce that it has received a contract award for $500,000 USD as part of the Transportation Security Administration’s (TSA) On-Person Screening Capability Program for demonstration and evaluation of the HEXWAVE™ and its expanded capabilities for screening Aviation Workers at a TSA designated location to enhance detection and throughput performance.

Liberty’s HEXWAVE product, a next generation, high throughput, contactless threat detection system for concealed metallic and non-metallic objects, uses Artificial Intelligence (AI) to provide automated decisions to security operators when screening Aviation Workers accessing secure areas at US airports. HEXWAVE is:

• capable of detecting both metal and non-metal threats, such as explosives and plastic weapons;
• trained to ignore common benign objects, such as phones, keys, belts, wallets, and watches; and
• able to provide enhanced screening detection with fewer false alarms at high throughput rates.

“We commend the TSA for expanding screening of aviation workers to reduce the threat potential at US airports,” said Bill Frain, CEO of Liberty Defense. “Liberty Defense will be working closely with the TSA to provide overall screening effectiveness with security being the number one priority, but also improving the throughput for a practical and effective process.”

The proposed HEXWAVE solution will detect TSA specific threats and will expand HEXWAVE’s existing capabilities to train its Automated Threat Recognition (ATR) system to the TSA’s criteria.

For more information about Liberty and to subscribe to company updates, visit: https://libertydefense.com

On Behalf of Liberty Defense

Bill Frain
CEO & Director

About Liberty Defense

Liberty Defense (TSXV: SCAN, OTCQB: LDDFF, FRANKFURT: LD2) 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.

For further information, 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.

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