Mr. Bill Frain reports

LIBERTY DEFENSE ANNOUNCES BETA TRIAL UPDATE

Liberty Defense Holdings Ltd. has finalized plans for the start of the upcoming beta trials of its Hexwave walkthrough security detection system, with the first beta unit on track to be delivered to its testing location by the end of August, 2022.

The company will deploy beta units in several settings, including a place of worship, an MLB stadium, a large state university and in major airports for airline employee screening. Liberty has also expanded the number of planned beta sites to include more locations given the increased level of interest in the Hexwave and its ability to screen people efficiently for concealed metallic and non-metallic threats. These testing sites will expand to include more target market verticals, including a cruise ship terminal, government buildings and more. Beta testing will continue over the coming 12 weeks.

Since the last product update, the company has continued to significantly improve the performance of the Hexwave system and has collected over 45,000 scenes incorporating a wide range of threat types, threat orientation and various body types to train its artificial intelligence (AI) software. This improved performance of the walkthrough system will allow for advanced detection of today's evolving threats that include 3-D printed guns, as well as liquid, plastic and powder explosives.

Hexwave uses millimetre-wave, advanced 3-D imaging and AI for enhanced detection capability, processing over 720 people per hour depending on the concept of operations. The system provides security operators with an automatic go/no-go decision, and a seamless experience for patrons and passengers.

"Liberty has continued to hire the best and the brightest to support building out an extremely robust software and hardware configuration as we prepare to launch the beta," says Liberty Defense chief executive officer Bill Frain. "We are thrilled with the progress and look forward to getting Hexwave into real-world testing locations next month starting at our first beta site."

In other news, Liberty Defense will be among a select group of companies presenting in person in Boston, Mass., at the Canaccord Genuity 42nd Annual Growth Conference on Aug. 10, 2022, at 3:30 p.m. ET. The presentation can be viewed following the conference.

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.

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