ATLANTA, GA -- August 11, 2021 -- InvestorsHub NewsWire
-- Liberty Defense
Holdings Ltd. ("Liberty" or the
"Company") (TSXV: SCAN)
(OTCQB:
LDDFF) (FRANKFURT: LD2), a leading concealed weapons and
threat detection solutions company is pleased to announce that it
has signed a technical and marketing collaboration agreement with
Micro-X Inc, the US subsidiary of Micro-X Ltd. (ASX:MX1) to explore
a combined technology offering with Liberty's HEXWAVE walk-through
screening portal for enhanced people and passenger screening in
aviation or commercial security settings.
The combination of Micro X's advanced baggage screener and
Liberty's award winning HEXWAVE walk through portal will provide an
enhanced curb to gate security solution while increasing the flow
of people at checkpoints for aviation and commercial applications
globally.
HEXWAVE is a next generation, high throughput, contactless
threat detection system, for concealed metallic and nonmetallic
objects, using AI to provide automated decisions to the security
operators to process people at speed.
Micro-X Ltd is an award winning, Australian Securities Exchange
listed hi-tech company developing and commercializing a range of
innovative x-ray imaging products for global health and security
markets, based on proprietary cold cathode, carbon nanotube (CNT)
emitter technology. Micro-X has a design and production facility
in Adelaide, Australia and a technical and commercial
team based in Seattle supporting its rapidly expanding US
business.
In November 2020, Micro-X announced it had been selected
for funding by the Department of Homeland Security (DHS) to develop
a passenger self-service security screening portal and a
miniaturized x-ray computed tomography (CT) passenger baggage
screening system.
"Micro-X's technology could transform airport security across
America, enabling faster and more reliable x-ray baggage screening,
re-imagining airport checkpoints," said Michael Lanzaro,
President & CTO of Liberty Defense. "We are very excited to be
collaborating with Micro-X, a truly innovative x-ray technology
company that is uniquely positioned to change the concept of
operations for security screening at airports and commercial
settings. We see tremendous integration synergies for our HEXWAVE
people screening platform, working alongside the x-ray baggage
technology from Micro-X, forming a new commercial checkpoint
screening portal for our customers."
"Liberty Defense has an experienced team in the security market,
and we were very impressed by the innovative HEXWAVE product,"
said Brian Gonzales, CEO Micro-X Inc. "This partnership is a
natural fit, and I'm looking forward to bringing our teams together
to develop a revolutionary screening approach at checkpoints across
the globe."
Early collaborative work has been moving forward and will
include market research and collecting customer feedback.
On Behalf of Liberty Defense
Bill Frain
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
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.
SOURCE Liberty Defense Holdings Ltd.
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