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Liberty Defense Holdings Ltd
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Shares Issued 66,549,721
Close 2019-04-15 C$ 0.90
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Liberty Defense talks up Hexwave MOU

2019-04-15 09:39 ET - News Release

Mr. Bill Riker reports


Liberty Defense Holdings Ltd. has provided a corporate update on its memorandum of understanding (MOU) strategy, which includes a signed MOU with Vancouver Arena LP to beta test Hexwave.

Bill Riker, chief executive officer of Liberty Defense, commented: "Liberty's MOU strategy and potential partners, which includes Vancouver Arena LP, will be a key element to the company's success, not only in distinguishing ourselves from other the competition, but also providing the company with valuable feedback in testing Hexwave in live indoor and outdoor environments. In the coming months, we expect to be able to announce a number of key partnerships through our MOU program that will not only help validate the opportunities for this type of technology, but also show the depth and reach of the company and its advisers."

The proposed testing with Vancouver Arena will occur at a site to be determined within or near Rogers Arena in Vancouver, B.C. Rogers Arena is one of the premier sports and entertainment facilities in North America and has hosted over 25 million fans with a proud legacy of success. Events include National Hockey League games as well as most of the largest concerts and shows in the city. It was also the site where the Canadian women's and men's hockey teams won gold medals during the Vancouver 2010 Olympic Winter Games.

"We are committed to our customer safety and looking for ways to improve their experiences while visiting Rogers Arena," commented Jim Day, Rogers Arena's director of event operations and security. "This includes exploring how using cutting-edge technologies can help keep our fans and visitors safe. We look forward to evaluating the capabilities of the Hexwave product."

"Stadiums welcome thousands of visitors daily -- including children and families. These are public spaces that face a security challenge with high volumes of foot traffic and multiple entry points," commented Mr. Riker. "By providing a security solution that is modular, scalable and capable of providing layered detection of potential threats, we believe that we can make these spaces safer for customers and employees."

The Vancouver Arena MOU was signed in November, 2018.

About Liberty Defense Holdings Ltd.

Liberty provides security solutions for concealed weapon detection in high-volume foot traffic areas and has secured an exclusive licence from MIT Lincoln Laboratory, as well as a technology transfer agreement, for patents related to active 3-D imaging technology that are packaged into the Hexwave product. The system is designed to provide discrete, modular and scalable protection to provide layered, stand-off detection capability. This is intended to provide a means to pro-actively counter evolving urban threats. The sensors with active 3-D imaging and AI-enhanced automatic detection are designed to detect metallic and non-metallic firearms, knives, explosives and other threats.

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