Technology
Tuesday, July 2nd, 2024 2:09 pm EDT
Key Points
- Record Revenue and HEXWAVE Deliveries: Liberty Defense Holdings Ltd. announced record revenue and delivery of its HEXWAVE system in June, supporting aviation employee screening and commercial applications in the US, Canada, and internationally.
- Advanced Detection Technology: The HEXWAVE system uses millimeter wave, advanced 3D imaging, and AI to detect concealed metallic and non-metallic threats without requiring passengers to divest common items, allowing for rapid, automated, high-throughput screening.
- International Demonstrations and Security Grant Announcement: Liberty Defense hosted an international delegation demonstrating its HEXWAVE technology as part of the USTDA Worldwide TSA Training Symposium, and the US Department of Homeland Security announced $160 million in additional Nonprofit Security Grant Program funds to protect faith-based institutions and nonprofits against targeted attacks.
WILMINGTON, Mass, July 2, 2024 /CNW/ – Liberty Defense Holdings Ltd. (“Liberty” or the “Company“) (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2A), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, is pleased to announce that recognized record revenue and delivery of it’s HEXWAVE system in the month of June. The deliveries supported customers for aviation employee screening as well as commercial applications in the US, Canada and internationally.
Unlike weapon detection technology, HEXWAVE uses millimeter wave, advanced 3D imaging and AI to detect all types of concealed metallic and non-metallic threats and other prohibited items – without the passenger having to divest common 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 threats of concern today that enhanced metal detectors on the market cannot detect.
The Company also recently hosted an international delegation as part of the US Trade and Development Agency (USTDA) Worldwide TSA Training Symposium Reverse Trade Mission. Senior aviation executives from Bangladesh, Brazil, Fiji, Maldives, Philippines, Samoa, Thailand and Ukraine witnessed successful demonstrations of the Company’s HEXWAVE technology and High-Definition AIT imaging technology.
In separate news, the US Department of Homeland Security Announced $160 Million First Tranche of Additional Nonprofit Security Grant Program Funds to Protect Faith-Based Institutions and Nonprofit Organizations Against Targeted Attacks.
“Unfortunately, the threat for violent acts targeting religious institutions remains a concern and this funding will go a long way in providing added layers of security and protection,” said Bill Frain, CEO of Liberty Defense. “The HEXWAVE provides a seamless screening process detecting a broad range of threats including explosive materials made of plastic, liquids, powders or gels that can prove beneficial at any high-volume entrance or checkpoint.”
For updates and news, please visit www.libertydefense.com 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.
