00:15:33 EDT Thu 02 May 2024
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Liberty Defense Holdings Ltd (2)
Symbol SCAN
Shares Issued 127,100,467
Close 2023-07-13 C$ 0.295
Market Cap C$ 37,494,638
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Liberty Defense signs distribution deal with Grasp

2023-07-13 10:20 ET - News Release

Mr. Bill Frain reports

LIBERTY DEFENSE ANNOUNCES DISTRIBUTION AGREEMENT AND PARTNERSHIP WITH GRASP INNOVATIONS, NETHERLANDS

Liberty Defense Holdings Ltd. has partnered with Grasp Innovations to expand the company's presence in Europe. Grasp will be a distributor of Hexwave for urban security markets, including critical infrastructure, checkpoints for correctional facilities, borders and customs, military police, as well as stadiums and rail applications. Liberty Defense and Grasp have also agreed to work together to utilize the Hexwave and Grasp's cutting-edge digital technology to develop a touchless, autonomous checkpoint screening solution.

Grasp Innovations is an Amsterdam-based solutions provider specialized in optimizing and automating processes in the aviation and security industry. Its goal is to optimize the use of resources and infrastructure in any given situation, enabling professionals to take immediate action, if necessary, to get control and solve problems before they arise. Grasp's solutions include data management and automation solutions for security checkpoints and access control automation, utilizing unique sensor technology. Its experts identify new growth opportunities for smart cities, corporations and airports by using data, analytics and artificial intelligence.

"The team at Grasp has over 10 years experience deploying innovative and state-of-the-art screening technologies for security checkpoints," said Bill Frain, chief executive officer of Liberty Defense. "CEO Robert Schuur is an ambitious thought leader and driver for innovation. We share Robert's vision for next-generation security applications, providing a comprehensive security screening solution using Hexwave for effective and efficient detection and ease of use."

The Hexwave technology uses millimetre-wave, advanced 3-D imaging and AI (artificial intelligence) to detect concealed metallic and non-metallic weapons such as liquid, plastic and powder explosives, 3-D printed guns, and other prohibited items -- without having to divest common items like cellphones or keys.

"I am very excited to be working with the Liberty team as they look to bring their next-generation Hexwave to the European market," said Mr. Schuur. "This partnership provides the customer unparalleled access to our experience in the security industry, and, with Liberty's expanded product portfolio and experienced team, together, we will be able to provide curb-to-gate screening for the urban security industry."

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.

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