06:25:00 EDT Thu 02 May 2024
Enter Symbol
or Name
USA
CA



Liberty Defense Holdings Ltd (2)
Symbol SCAN
Shares Issued 127,100,467
Close 2023-08-23 C$ 0.205
Market Cap C$ 26,055,596
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Liberty develops threat detection algorithm version

2023-08-24 12:16 ET - News Release

Mr. Bill Frain reports

LIBERTY DEFENSE DEVELOPS WALKTHROUGH CONFIGURATION OF HEXWAVE WITH NEW AI ALGORITHM TO SUPPORT

Liberty Defense Holdings Ltd. has developed a new release of its AI-based (artificial intelligence) threat detection software algorithm, capable of detecting non-metallic and metallic threats, including 3-D (three-dimensional) printed ghost guns and liquid, powder, or plastic explosives, all while allowing for a continuous people flow through the Hexwave portals.

Over the past several months, the company has collected thousands of images of prohibited items and additional non-metallic and metallic threats as part of the development of the new algorithm. This software algorithm will support the first-generation production HEXWAVE units that feature an enhanced detection array allowing for a full walkthrough configuration.

"We are pleased to report that we have now built and produced our first HEXWAVE walkthrough portals on the production floor at our Wilmington, MA facility to support our growing backlog of orders," said Bill Frain, CEO of Liberty Defense. "We are also on track to deliver a system to the TSA as part of our Aviation Worker Screening contract to support US airports with their new employee screening requirements. We expect these first production systems to meet all the performance objectives we set out to achieve, specifically the detection of a broad range of threats. In the meantime, the team is already working to ramp the production rate as we head into the remainder of the year."

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On Behalf of Liberty Defense

Bill Frain

CEO & Director

About Liberty Defense

Liberty Defense ( TSXV: SCAN , OTCQB: LDDFF , FRANKFURT: LD2 A ) 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

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