Mar 22, 2021
Liberty Resumes Trading on the TSX Venture Exchange Under the Symbol “SCAN”
NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES NOR FOR DISSEMINATION IN THE UNITED STATES
Vancouver, BC and Atlanta, GA – March 22, 2021 – Liberty Defense Holdings Ltd. (“Liberty” or the “Company”) (TSXV: SCAN, OTCQB: LDDFF, FRANKFURT: LD2), a leading concealed weapons detection company, is pleased to announce that its common shares will resume trading on the TSX Venture Exchange (the “Exchange”) under the symbol “SCAN” at market open, today, March 22, 2021.
Liberty is developing contactless security solutions for concealed weapons detection in high volume foot traffic areas. The Company’s HEXWAVE product is designed for discreet, modular, and scalable protection to provide layered, stand-off detection capability. The HEXWAVE product offers a means to proactively counter evolving urban threats. The integrated active 3-D imaging sensor and Automatic Threat Detection (ATD) using AI is designed to detect metal and non-metal firearms, knives, explosives and other threats.
Liberty recently completed its previously announced business combination with DrawDown Detection Inc. (“DrawDown”), a gunpowder sensor detection company that commercializes intellectual property for use in the public safety market. Management expects that the combined businesses of Liberty and DrawDown will strengthen the Company’s ability to protect communities and preserve peace of mind through innovative security detection solutions. The goal of the Company is to bring a multi-product security systems portfolio to the global threat detection market, composed of cutting-edge technologies that are complementary to high-throughput, non-intrusive weapons detection that can be deployed across the full spectrum of urban security vertical markets.
“I want to thank everyone involved in making this transaction possible and welcome all shareholders to a newly strengthened Liberty. We were very humbled by the amount of interest that our latest financing has gathered,” Bill Frain, CEO and Director of Liberty, comments. “With the engineering and management team’s experience and my twenty-five year-plus career leading security technology companies (most recently NASDAQ: LHX), we believe that the new technologies Liberty plans to bring to market over the next 12-30 months will help shape the contactless security market for the foreseeable future.”
On Behalf of Liberty Defense
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 metal and non-metal 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
For further information about Liberty, please contact:
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 business objectives of Liberty. 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.
This press release does not constitute an offer to sell or a solicitation of an offer to buy any securities in the United States. The securities described herein have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws, and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available. This press release is not for distribution to U.S. newswire services nor for dissemination in the United States. Any failure to comply with this restriction may constitute a violation of U.S. securities laws.