Liberty Defense Announces Award of HEXWAVE to Latin America

Technology
Wednesday, May 8th, 2024 4:38 pm EDT

WILMINGTON, Mass., May 8, 2024 /CNW/ – 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 to protect secure locations against prohibited weapons and other threats, is pleased to announce that its HEXWAVE™ system has been purchased by a Juvenile Correctional Facility in Santiago, Chile, with deployment scheduled for this summer.

The system was purchased by Setronix Chile S.A., a leading security company with over 30 years of experience deploying and maintaining cutting-edge technology solutions for security applications throughout Chile. The system will be operated by SENAME, the National Minors’ Service (Servicio Nacional de Menores), a government agency managed by the Ministry of Justice and Human Rights. The technology will use it to secure a juvenile correctional facility in Chile.

HEXWAVE is a next-generation, walkthrough, contactless threat detection system that uses low-power radar imaging, coupled with AI and an advanced computing platform, to rapidly detect concealed threats. It provides automated go/no-go decision support to security operators and can detect all types of concealed weapons, including metal and non-metal weapons, plastics, powders, and other prohibited items.

HEXWAVE is seeing growing adoption in multiple market verticals requiring high levels of security including courthouses, national labs, prisons, government facilities, and ports of entry in aviation and other sectors. HEXWAVE provides a safe and efficient screening solution for juveniles as an alternative to transmission X-rays.

“This is an important award for Liberty as we expand our customer base internationally and into Latin America,” said Bill Frain, CEO of Liberty Defense. We won this tender based on HEXWAVE’s mobility and its ability to safely and efficiently screen for a broad range of threats and prohibited items to secure the safety of all within the correctional facility. We are confident this will lead to more adoption throughout Chile.”

With facilities at Arturo Merino Benítez Airport, Setronix Chilie S.A. is strategically positioned to support security-based operations both in Santiago and in other parts of the country.

SENAME, Ministry of Justice and Human Rights, is a government agency in Chile focused on safety and security in juvenile justice and reintegration. It cares for adolescents and young people who have been in conflict with the law between the ages of 14 and 17.

In other news, Liberty Defense will Host Live Corporate Update Webinar on May 16^th at 2pm ET

• Liberty Defense’s CEO, Bill Frain, will be hosting a webinar to provide important updates on the Company, including strategic partnerships, and discuss current operations and upcoming milestones, followed by live Q&A. You may submit your question(s) beforehand in the registration form linked below.
  
• Investors and other interested parties invited to join and learn more about Liberty Defense’s HEXWAVE contactless security and threat detection technology.

Date: Thursday, May 16^th, 2024
Time: 2pm ET
Register: Webinar Registration

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: 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

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.

SOURCE Liberty Defense Holdings Ltd.

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Contact:

About Liberty Defense, 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, Liberty Defense, 613-292-3669, imcnaughton@libertydefense.com

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