00:34:11 EDT Sun 22 Sep 2019
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Liberty Defense Holdings Ltd
Symbol C : SCAN
Shares Issued 66,549,721
Close 2019-05-13 C$ 0.85
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Liberty Defense gets acceptance into NVIDIA AI program

2019-05-13 09:37 ET - News Release

Mr. Bill Riker reports


Liberty Defense Holdings Ltd. has been accepted into the NVIDIA artificial intelligence (AI) inception program, designed to accelerate the growth of select start-ups that are advancing their industries using AI and deep learning (DL).

The AI team is utilizing the program's resources and expertise to advance the automatic detection technology in Liberty's signature Hexwave product. Hexwave utilizes graphics processing units (GPU) for its active three-dimensional imaging technology and uses AI and DL methods for the automatic detection of threats, such as weapons.

The virtual accelerator program provides tools, technology and expertise to help startups during the stages of product development, prototyping and deployment. It also offers training from the NVIDIA DL institute, hardware discounts and grants.

Recently, Liberty's AI team attended NVIDIA's 2019 GPU Technology Conference (GTC), a global conference series providing training, insights and direct access to experts on the major topics in computing.

"At the conference, our team gathered information on the available tools to accelerate computing, optimizing and deploying models efficiently, data preprocessing and labeling, and object and anomaly detection, among other information and activities," said Aman Bhardwaj, Liberty's chief operating officer and president of United States operations. "We were also able to interact with some of the best minds in AI and learn about real-world problems, research and advancements in the technology. We anticipate presenting the Hexwave product at next year's GTC."

Liberty also wishes to announce that it has engaged Clarkham Capital Ltd. to provide investor relations services to the company in the European market.

Clarkham, based in London, United Kingdom, is a consulting company that provides investor relations and marketing services, with a focus on the German stock market and the German-speaking investor community. Pursuant to the agreement with Clarkham, Clarkham has agreed to create and publish content regarding Liberty's business for a three-month period in exchange for an all-inclusive fee of 200,000 euros.

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 three-dimensional 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 three-dimensional imaging and AI-enhanced automatic detection are designed to detect metallic and non-metallic firearms, knives, explosives and other threats.

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