First systems manufactured in the Wilmington, MA facility will be delivered to
customer sites in the coming weeks.
WILMINGTON, Mass., Aug. 30,
2023 /CNW/ - August 30,
2023 – Liberty Defense Holdings
Ltd. ("Liberty" or the "Company") (TSXV: SCAN)
(OTCQB: LDDFF) (FRANKFURT: LD2A), a leading technology provider of
AI-based next generation detection solutions for protecting secure
locations against prohibited weapons and other threats, is
pleased to announce that it has completed production of the first
HEXWAVE systems, capable of detecting non-metallic and metallic
threats, including 3D printed ghost guns and liquid, powder, or
plastic explosives, without having to stop or remove common items
like cell phone, keys, and jackets while going through the HEXWAVE™
portals.
Over the past several months, the Company has seen significant
demand for the HEXWAVE technology and its backlog is growing,
receiving orders from high profile customers like Los Alamos
National Labs, Greater Toronto Airports Authority, Elkhart County
Courthouse, Smiths Detection, Linev US, and the first international
sale to GRASP, Amsterdam. The
demand is coming not only from the US aviation employee screening
initiative but also from prisons, museums, stadiums, warehouses,
government buildings, and other public venues.
"This is a significant milestone and accomplishment for the
Company," said Bill Frain, CEO of
Liberty Defense. "We've had great support over the years from MIT
Lincoln Labs and the Transportation Security Administration (TSA)
to finalize the design and define performance requirements, but it
would not have happened without the expertise and experience of our
engineering and operations team in Atlanta and Boston. Years of effort went into developing
this truly next generation screening technology, and it is great to
know it will be at customer sites soon to protect the public."
The Company has also signed distribution agreements with key
strategic partners for increased market penetration in the aviation
and urban security markets.
"Our mission is not done, and we will continue to enhance the
software algorithms and AI capability to stay ahead of new threats
like 3D printed guns, suicide vests, and other explosive materials
that can do harm in public spaces," added Frain. "We like to think
our system is future proof, as we can seamlessly send software
updates to our customers once the HEXWAVE is deployed in the
field."
In other news, Liberty Defense will participate in a live
investor webinar showcasing the future of the defense and security
industry on August 30 at 10 am Eastern Time/15:00 UK time. More
information can be found at:
https://www.lsegissuerservices.com/spark/IDG/events/1d868557-b091-49cd-8242-47c853e56e6f
For updates and news, please visit the Company website to
subscribe to email alerts or follow Liberty Defense on social
channels.
On Behalf of Liberty Defense
Bill Frain
CEO & Director
About Liberty Defense
Liberty Defense (TSXV: SCAN, OTCQB:
LDDFF, FRANKFURT: LD2A)
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
FORWARD-LOOKING STATEMENTS
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.
Neither the TSX Venture Exchange nor its Regulation Services
Provider (as that term is defined in the policies of the TSX
Venture Exchange) accepts responsibility for the adequacy or
accuracy of this press release.
View original content to download
multimedia:https://www.prnewswire.com/news-releases/liberty-defense-launches-hexwave-product-for-commercial-applications-301913410.html
SOURCE Liberty Defense Holdings Ltd.