WILMINGTON, Mass. and MADISON, Wis., Jan. 11, 2022 /CNW/ - Liberty Defense Holdings Ltd. ("Liberty" or the "Company") (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2), a leading technology provider for concealed weapons and threat detection solutions, is pleased to announce that it has signed a collaboration agreement ("CoA") with the University of Wisconsin Police Department ("UWPD") to beta test Liberty's HEXWAVE™ security detection walkthrough portal on campus to screen students and faculty for improved campus safety.
UW-Madison (UW) is known as one of the top universities in the country and is the oldest and largest public university in the state of Wisconsin. The UW's academic and athletic success attracts tens of thousands to the campus each year. UWPD is looking to provide enhanced security and safety without sacrificing a positive and welcoming student experience.
HEXWAVE goes beyond today's metal detectors by using advanced threat detection with 3D radar imaging and artificial intelligence to detect and identify concealed threats of all types, including metallic and nonmetallic weapons. HEXWAVE is touchless and high throughput, responding to the needs of today's security detection market. The system can be used indoor and outdoor and enables the implementation of a layered defense strategy. This provides security teams with more time to manage threats by detecting them at the perimeter of a property in addition to security checkpoints.
"It is a privilege to work with the University of Wisconsin and its Police Department, such a well-established and respected educational institution that is looking for innovative ways to keep the campus community safe," said Bill Frain, CEO of Liberty Defense.
Universities are a major category in the public venues market vertical, making this partnership key for Liberty's continued development of HEXWAVE.
"The security of our campus is, of course, a top priority," said Kristen Roman, Chief of Police at UW-Madison. "We are excited to have the opportunity to be the first campus to test this new technology. We understand how important it is for organizations to keep innovating when it comes to security, and we look forward to kicking off the testing in 2022."
This beta testing phase is a key part of HEXWAVE's development process. Testing the system in operational and diverse facilities can help to ensure that it is aligned to market requirements. Beta testing is expected to begin in Q2 2022 and progress into Q3 2022. Liberty Defense has recently signed a collaboration agreement to beta test HEXWAVE at the Maryland Stadium Authority's Camden Yards Complex.
In other news, Liberty is announcing the termination of a project with the BIRD Foundation and Levitection, Ltd. The joint venture ended when Levitection declared bankruptcy and was no longer able to fulfill its contractual obligation and the requirements of the BIRD grant. Liberty has returned to the BIRD Foundation all $113,000 USD of the total awarded funds. Although Liberty will not be creating a joint product with an Israeli partner through the grant at this time, the Company is focusing efforts on its previously announced collaborations for technology development and testing with organizations such as the Transportation Security Administration and Micro X.
On Behalf of Liberty Defense
CEO & Director
About Liberty Defense
Liberty Defense (TSXV: SCAN, OTCQB: LDDFF, FRANKFURT: LD2) 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
About the University of Wisconsin (UW)
UW is a public research university in Madison, Wisconsin. Founded when Wisconsin achieved statehood in 1848, UW is the official state university of Wisconsin, and the flagship campus of the University of Wisconsin System. It was the first public university established in Wisconsin and remains the oldest and largest public university in the state.
When used in this press release, the words "estimate", "project", "belief", "anticipate", "intend", "expect", "plan", "predict", "may" or "should" and the negative of these words or such variations thereon or comparable terminology are intended to identify forward-looking statements and information. Although Liberty believes, in light of the experience of their respective officers and directors, current conditions and expected future developments and other factors that have been considered appropriate, that the expectations reflected in the forward-looking statements and information in this press release are reasonable, undue reliance should not be placed on them because the parties can give no assurance that such statements will prove to be correct. Such statements and information reflect the current view of Liberty. There are risks and uncertainties that may cause actual results to differ materially from those contemplated in those forward-looking statements and information.
By their nature, forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements, or other future events, to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. There are a number of important factors that could cause Liberty's actual results to differ materially from those indicated or implied by forward-looking statements and information. Such factors include, among others: currency fluctuations; limited business history of the parties; disruptions or changes in the credit or security markets; results of operation activities and development of projects; project cost overruns or unanticipated costs and expenses; and general development, market and industry conditions. The parties undertake no obligation to comment on analyses, expectations or statements made by third parties in respect of their securities or their respective financial or operating results (as applicable).
Liberty cautions that the foregoing list of material factors is not exhaustive. When relying on Liberty's forward-looking statements and information to make decisions, investors and others should carefully consider the foregoing factors and other uncertainties and potential events. Liberty has assumed that the material factors referred to in the previous paragraph will not cause such forward-looking statements and information to differ materially from actual results or events. However, the list of these factors is not exhaustive and is subject to change and there can be no assurance that such assumptions will reflect the actual outcome of such items or factors. The forward-looking information contained in this press release represents the expectations of Liberty as of the date of this press release and, accordingly, are subject to change after such date. Liberty does not undertake to update this information at any particular time except as required in accordance with applicable laws.
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SOURCE Liberty Defense Holdings Ltd.
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Jay Adelaar, Senior Vice President of Capital Markets, Liberty Defense, 604-809-2500, email@example.com