WILMINGTON, Mass, July 2, 2024
/CNW/ - 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 concealed weapons and threats, is pleased
to announce that recognized record revenue and delivery of it's
HEXWAVE system in the month of June. The deliveries supported
customers for aviation employee screening as well as commercial
applications in the US, Canada and
internationally.
Unlike weapon detection technology, HEXWAVE uses millimeter
wave, advanced 3D imaging and AI to detect all types of concealed
metallic and non-metallic threats and other prohibited items –
without the passenger having to divest common items. The system
allows for rapid, automated screening using a high-throughput,
contactless, walkthrough portal to detect liquid, powder and
plastic explosives, 3D printed ghost guns and other threats of
concern today that enhanced metal detectors on the market cannot
detect.
The Company also recently hosted an international delegation as
part of the US Trade and Development Agency (USTDA) Worldwide TSA
Training Symposium Reverse Trade Mission. Senior aviation
executives from Bangladesh,
Brazil, Fiji, Maldives, Philippines, Samoa, Thailand and Ukraine witnessed successful demonstrations of
the Company's HEXWAVE technology and High-Definition AIT imaging
technology.
In separate news, the US Department of Homeland Security
Announced $160 Million First Tranche
of Additional Nonprofit Security Grant Program Funds to Protect
Faith-Based Institutions and Nonprofit Organizations Against
Targeted Attacks.
"Unfortunately, the threat for violent acts targeting religious
institutions remains a concern and this funding will go a long way
in providing added layers of security and protection," said
Bill Frain, CEO of Liberty Defense.
"The HEXWAVE provides a seamless screening process detecting a
broad range of threats including explosive materials made of
plastic, liquids, powders or gels that can prove beneficial at any
high-volume entrance or checkpoint."
For updates and news, please visit
www.libertydefense.com 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.
SOURCE Liberty Defense Holdings, Ltd.
