20:48:15 EDT Sat 22 Jun 2024
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Liberty Defense Holdings Ltd (2)
Symbol SCAN
Shares Issued 152,328,765
Close 2024-03-06 C$ 0.125
Market Cap C$ 19,041,096
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Liberty Defense receives FCC approval for Hexwave

2024-03-07 11:19 ET - News Release

Mr. Bill Frain reports


Liberty Defense Holdings Ltd.'s Hexwave product was granted a formal equipment authorization approval from the Federal Communications Commission (FCC), another important milestone for it's ultrawideband product technology. The company previously had an FCC waiver in place.

Liberty's Hexwave product, a next-generation, walkthrough, contactless threat detection system, uses low-power radar imaging, coupled with AI (artificial intelligence) and computing platform, to detect concealed metallic and non-metallic threats at speed, providing automated decisions to security operators. The company has sold the Hexwave to multiple market verticals, including aviation, courthouses, national labs, prisons and government facilities.

The Office of Engineering and Technology (OET) administers the equipment authorization program under the authority delegated to it by the FCC. This program is one of the principal ways the FCC ensures that radio frequency (RF) devices used in the United States operate effectively without causing harmful interference and otherwise comply with the FCC's rules. All RF devices subject to equipment authorization must comply with the FCC's technical requirements. This certainly can prove to be a barrier to entry in the securities market.

"This is an important milestone for the new production unit, allowing the company to deliver product to non-government/commercial customers," said Bill Frain, Liberty's chief executive officer. "We continue to receive orders in several market verticals in the commercial space given the Hexwave's ability to detect a broader range of threats, including non-metallic items."

In addition, the company is announcing the resignation of Mike Lanzaro, president/chief technology officer as he leaves the company due to personal reasons. The company would like to thank Mr. Lanzaro for his years with the company and helping shape the Hexwave technology into what it is today. Mr. Lanzaro will continue to support the company as needed through a consulting agreement.

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.

We seek Safe Harbor.

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