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Liberty Defense Holdings Ltd
Symbol C : SCAN
Shares Issued 66,549,721
Close 2019-05-07 C$ 0.93
Recent Sedar Documents

Liberty Defense appoints Morton as chairman, director

2019-05-07 10:52 ET - News Release

Mr. Bill Riker reports

LIBERTY DEFENSE APPOINTS INDUSTRY VETERAN AND CURRENT STANLEY BLACK & DECKER EXECUTIVE TO EXECUTIVE CHAIRMAN

Liberty Defense Holdings Ltd. has appointed Jeremy Morton to its board of directors in the roles of executive chairman and a director.

Mr. Morton is the president of Stanley Access Technologies, a subsidiary of Stanley Black & Decker, a $14-billion revenue, purpose-driven industrial organization that operates: the world's largest tools and storage business; the world's second-largest commercial electronic security services company; a leading engineered fastening business; as well as oil and gas and infrastructure businesses.

"Liberty's focus on creating an efficient, active weapons detection solution that can seamlessly integrate into existing security systems will help facilities such as stadiums, mass transit and other venues to enable a safer environment, while still offering a positive customer experience," commented Mr. Morton. "I'm excited to support this impressive team of industry leaders and professionals. I believe this innovative technology will help us shape a safer world by providing a new method of pro-actively combating threats, while creating value for both society and our shareholders."

Mr. Morton is a security industry veteran that has been in multiple executive leadership roles to drive innovation and growth. He was previously responsible for business development in North America, including strategic partnerships and acquisitions as president of Stanley Local Security. Prior to Stanley Black & Decker, Mr. Morton held senior roles at CNL Software, Ingersoll Rand and Schneider Electric.

"We are excited to welcome Jeremy to the board. His proven executive leadership and market innovation will significantly augment our ability to establish strategic partnerships, along with positioning Liberty for growth. Further, his expertise in the security systems sector will complement the already substantial market reach of Liberty's advisory team that includes expertise across the urban security verticals," commented Bill Riker, Liberty's chief executive officer.

As a result of Mr. Morton's appointment, John McCoach will step down from the chairman role and assume the role of lead independent director to continue to ensure a strong independent voice on the board of directors and help oversee the company's corporate governance activities.

About Liberty Defense Holdings Ltd.

Liberty Defense Holdings 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 artificial-intelligence-enhanced automatic detection are designed to detect metallic and non-metallic firearms, knives, explosives and other threats.

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