21:55:40 EDT Wed 27 May 2026
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Liberty Defense Holdings Ltd (4)
Symbol SCAN
Shares Issued 5,657,941
Close 2026-05-27 C$ 6.50
Market Cap C$ 36,776,617
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Liberty Defense's Hexwave systems selected by LaGuardia

2026-05-27 18:24 ET - News Release

Mr. Bill Frain reports

LIBERTY DEFENSE DEPLOYS HEXWAVE AT LAGUARDIA TERMINAL B, EXPANDING FOOTPRINT IN HIGH-TRAFFIC U.S. AIRPORTS AND ANNOUNCES SHARES FOR DEBT SETTLEMENT

Liberty Defense Holdings Ltd. has deployed Hexwave systems at LaGuardia Airport's Terminal B, one of the most active air travel hubs in the United States. The deployment marks a meaningful step in Liberty's continued expansion across the aviation sector. The original contract was awarded in collaboration with K2 Security Screening Group, a national leader in aviation security, which was selected by LaGuardia Gateway Partners, the manager and developer of LaGuardia Terminal B, to install the new state-of-the-art security screening checkpoint at LGA's Terminal B. K2 placed Hexwave systems at the aviation worker screening checkpoints and provided operational support, enabling rapid responsiveness and long-term scalability.

LaGuardia Terminal B is a high-density, mission-critical environment where work force screening must balance speed, security and operational continuity. The terminal's move to modernize employee screening demonstrates a broader industry shift toward frictionless, high-throughput solutions. Liberty's deployment of multiple Hexwave units at access points enables continuous, contactless screening that reduces congestion, improves flow and maintains advanced detection -- highlighting the platform's ability to perform at scale in demanding aviation settings.

Hexwave integrates millimetre-wave sensing, 3-D imaging and artificial intelligence to detect both metallic and non-metallic threats -- including evolving and improvised weapons. Built for real-world, high-traffic environments, the system delivers continuous, reliable performance with minimal friction.

"This deployment at LaGuardia Terminal B is a clear validation of Hexwave in one of the most demanding, high-throughput environments in the country," said Bill Frain, chief executive officer of Liberty Defense. "Airports are under increasing pressure to modernize security without compromising flow, and we're seeing that translate into real adoption. We believe this is just the beginning of a broader shift toward frictionless, AI-driven screening at scale."

The company also announces that it has entered into a debt settlement agreement with a legal service provider to the company to settle the company's outstanding debt for past services performed by the creditor in the amount of $117,000 by issuing 23,306 common shares in the capital of the company at a deemed issue price of $5.02 per share in addition to the payment to the creditor of $350,000. The board of directors has determined that it is in the best interests of the company to settle the outstanding debt to the creditor partially through the issuance of the shares to preserve the company's cash for continuing operations.

The closing of the shares-for-debt transaction is subject to customary closing conditions, including approval of the TSX Venture Exchange. The shares will be subject to a four-month-and-one-day hold period under Canadian securities law.

About Liberty Defense Holdings Ltd.

Liberty Defense provides multitechnology security solutions for concealed weapon 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, 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 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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