22:44:00 EDT Wed 01 May 2024
Enter Symbol
or Name
USA
CA



Liberty Defense Holdings Ltd (2)
Symbol SCAN
Shares Issued 127,100,467
Close 2023-07-19 C$ 0.265
Market Cap C$ 33,681,624
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Liberty Defense to install Hexwave in Europe

2023-07-20 10:42 ET - News Release

Mr. Bill Frain reports

LIBERTY DEFENSE RECEIVES FIRST AWARD FOR EUROPEAN DEPLOYMENT

Liberty Defense Holdings Ltd. has received an order for the Hexwave system, which will be the first deployment in Europe. Further to the company's announcement of a distribution agreement and partnership, Grasp Innovations has purchased a Hexwave to begin integrating with its cutting-edge digital technology and developing a touchless, autonomous checkpoint screening solution. This is the company's first sale in Europe, and delivery is scheduled for October, 2023.

"Our initial focus has been on the various market verticals in the Americas," said Bill Frain, chief executive officer of Liberty Defense, "but we are seeing more demand on a global basis and will be looking to increase our footprint in the international community with partners like Grasp."

Hexwave technology uses millimetre-wave, advanced 3-D imaging and 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.

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 discreet, 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.

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