01:12:23 EDT Thu 02 May 2024
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Liberty Defense Holdings Ltd (2)
Symbol SCAN
Shares Issued 127,100,467
Close 2023-07-31 C$ 0.21
Market Cap C$ 26,691,098
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Liberty Defense enters distribution deal with K2

2023-08-01 14:50 ET - News Release

Mr. Bill Frain reports

LIBERTY DEFENSE SELECTS K2 SECURITY SCREENING GROUP FOR STRATEGIC PARTNERSHIP AND INCREASED MARKET PENETRATION

Liberty Defense Holdings Ltd. has entered into a strategic non-exclusive distribution agreement with Bethesda, Maryland-based, K2 Security Screening Group, to introduce Hexwave to United States airports. K2 is a national leader in the planning, management, installation and integration of airport passenger and checked baggage security screening systems. It has successfully completed projects at 92 per cent of TSA-regulated airports in the United States, including Hartsfield-Jackson Atlanta International (ATL), LaGuardia (LGA) and Los Angeles International (LAX).

As part of the distribution agreement, K2 Security Screening Group will add the Hexwave walkthrough people screening system, which uses artificial intelligence and machine learning to seamlessly detect weapons and other threats in real time, to its security services portfolio.

"We are excited to partner with Liberty Defense to bring Hexwave to the airport employee screening market," said Kathy Yurkunas, president of K2 Security Screening Group. "The Hexwave system is a perfect complement to our best-in-class security services, and we believe that they are an exceptional option for our airport customers to counter against insider threats."

"We are thrilled to partner with K2 Security Screening Group, a recognized leader in the U.S. aviation security industry. We share a similar vision of deploying next-generation capability with a focus on detection while providing a better experience for security," said Bill Frain, chief executive officer of Liberty Defense. "We are extremely pleased that K2 chose Hexwave to enhance their aviation worker security offering with detection of the latest threats like non-metallic explosives and 3-D printed ghost guns. K2 has a significant existing aviation security portfolio, and we look forward to working with them to expand our reach to the market and the resulting revenue growth potential that this partnership brings."

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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