20:30:17 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Liberty Defense Holdings Ltd (2)
Symbol SCAN
Shares Issued 123,545,467
Close 2023-05-02 C$ 0.175
Market Cap C$ 21,620,457
Recent Sedar Documents

Liberty Defense receives order for 5 Hexwave units

2023-05-02 13:52 ET - News Release

Mr. Bill Frain reports

LIBERTY PROVIDES AN UPDATE ON ITS RECENT SALES ACTIVITY

Liberty Defense Holdings Ltd. has provided an update on its sales activities.

Liberty has recently received a purchase order for five Hexwave portals for use in the urban security market. The company is seeing an increased level of demand for the Hexwave given its flexibility in various security applications to detect metallic and non-metallic threats efficiently. In addition to recent sales orders, the company is actively quoting opportunities across all market verticals. As announced, Liberty has also secured letters of intent with the Greater Toronto Airports Authority and another major organization for employee screening.

Liberty has signed a distribution agreement with a leading global security company for the urban security market to drive additional sales in the Americas and secure market penetration in key markets, including high-security facilities, corporate and warehousing facilities, sporting venues, and others. The company is also in late-stage discussions for specific distribution to the corrections market as well as schools.

"We continue to see intensified interest from the aviation and urban security markets. Hexwave is truly a disruptive technology with the enhanced detection it provides for screening metallic and non-metallic items like explosives and 3-D-printed guns," said Bill Frain, chief executive officer of Liberty Defense. "We are currently involved in advanced sales discussions with leading organizations and airports and expect that this will transition to sales orders in the coming weeks."

Liberty Defense has just completed a successful evaluation with the Port of Oakland demonstrating multiple configurations for effective screening of aviation workers. As announced earlier this week, a trial has started at Los Angeles International Airport (LAX) for aviation worker screening, where given the number of access points at LAX, the mobility of the Hexwave will be extremely valuable for multiple screening locations.

About Liberty Defense Holdings Ltd.

Liberty Defense provides multitechnology 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 licence from Massachusetts Institute of Technology (MIT) as well as a technology transfer agreement for patents related to active 3-D radar imaging technology, provides discrete, modular and scalable protection to provide layered, standoff detection capability of metallic and non-metallic weapons. Liberty has also recently licensed the millimetre-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.

We seek Safe Harbor.

© 2024 Canjex Publishing Ltd. All rights reserved.