Liberty Defense Launches HEXWAVE Product for Commercial Applications
First systems manufactured in the Wilmington, MA facility will be delivered to customer sites in the coming weeks.
WILMINGTON, Mass., Aug. 30, 2023 /PRNewswire/ - 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
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
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.
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SOURCE Liberty Defense Holdings Ltd.
