23:11:53 EDT Tue 28 Mar 2023
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Liberty Defense Holdings Ltd (2)
Symbol SCAN
Shares Issued 72,220,366
Close 2022-06-15 C$ 0.34
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Liberty Defense receives screening tech contract

2022-06-16 12:29 ET - News Release

Mr. Bill Frain reports


Liberty Defense Holdings Ltd. has been awarded a contract for next-generation airport checkpoint screening from Battelle to collaboratively develop, integrate and test HD-AIT upgrade kits.

Battelle, located in Columbus, Ohio, is the world's largest independent research and development organization.

Liberty Defense previously licensed the millimetre wave-based, high-definition advanced imaging technology (HD-AIT) body scanner and shoe screener technologies as part of its continuing relationship with Battelle in March of 2021. Both technologies were developed by researchers at the Pacific Northwest National Laboratory (PNNL), funded by U.S. Department of Homeland Security Science and Technology Directorate (DHS S&T) on behalf of the Transportation Security Administration mission. PNNL is one of eight U.S. Department of Energy national laboratories managed by Battelle. The HD-AIT next-generation people screening technology platform for threat detection is capable of high-definition imaging, resulting in greater detection, with an arms-down pose for a better passenger experience.

"Today's aviation security requires improved detection capability to meet evolving threats," says Liberty president and chief technology officer Michael Lanzaro. "We licensed the HD-AIT technology to support the development and commercialization of this leading-edge platform, and we look forward to working with the Battelle and PNNL teams towards this end."

Liberty's experienced engineering and product development team will assist PNNL in the design, integration, testing and delivery of the retrofit kit assembly for DHS S&T.

In addition, pursuant to the company's omnibus long-term incentive plan, the company granted on May 26, 2022, a total of 113,405 restricted share units (RSUs) to an officer of the company. All RSUs vest at 100 per cent after 12 months from the date of grant, expiring on May 26, 2027.

All RSUs are subject to the terms of the company's omnibus long-term incentive plan and applicable securities law hold periods. The purpose of the omnibus long-term incentive plan is to promote greater alignment of interests between employees and shareholders, and to support the achievement of the company's longer-term performance objectives, while providing a long-term retention element. Disclosure documents concerning the equity incentive plan are available on-line on SEDAR.

About Liberty Defense Holdings Ltd.

Liberty Defense provides multitechnology 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 licence from Massachusetts Institute of Technology (MIT), 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, stand-off detection capability of metallic and non-metallic weapons. Liberty has also recently licensed the millimetre-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.

We seek Safe Harbor.

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