Don jr
1 day ago
Voting is this week.
VANCOUVER, BC and WILMINGTON, Mass., Nov. 21, 2024 /CNW/ - Liberty Defense Holdings, Ltd. ("Liberty" or the "Company") (TSXV: SCAN) (OTCQB: LDDFF) (FRANKFURT: LD2), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, advises shareholders to vote online or by phone for the Company's upcoming annual general meeting scheduled for Friday, December 6, 2024, at 11:30 a.m. PST. Due to the ongoing postal strike in Canada and the proxy cut-off time being Wednesday, December 4, 2024, at 11:30 a.m. PST, we strongly recommend that shareholders vote by internet or submit their vote by phone.
Don jr
5 days ago
Liberty Announces Proposed Private Placement
CNW Group
Thu, November 28, 2024 at 8:30 AM EST 4 min read
In This Article:
LDDFD
-3.42%
/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/
VANCOUVER, BC and WILMINGTON, Mass., Nov. 28, 2024 /CNW/ - November 28, 2024 – 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 a proposed non-brokered private placement of up to 25,000,000 units of the Company (the "Units") at $0.32 per Unit for gross proceeds of up to $8,000,000 (the "Offering").
Liberty Defense logo (CNW Group/Liberty Defense Holdings, Ltd.)
Liberty Defense logo (CNW Group/Liberty Defense Holdings, Ltd.)
Each Unit will consist of one common shares (a "Share") and one-half of one common share purchase warrant (each whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one additional Share at a price of $0.55 for a period of 24 months from the closing of the Offering.
Bill Frain stated, "Nearly four years after going public and securing over $40 million to advance HEXWAVE technology - from patents to commercialization - we are now shifting our focus from engineering to scaling Liberty into a global leader in security. Our top priorities are to expand our customer base, accelerate deployments, and strengthen partnerships across key verticals. This latest offering empowers our team at Liberty to expedite our roll out of HEXWAVE and TSA funded High Definition Advance Imaging Technology, both AI empowered technologies which are designed to protect critical infrastructure from emerging threats."
The Warrants are subject to an accelerated expiry if, any time after the closing date of the Offering, the closing price of the Shares on the TSX Venture Exchange ("TSXV"), or such other market as the Shares may trade from time to time, is or exceeds $0.70 for any five (5) consecutive trading days, in which event the holders of the Warrant may, at the Company's election, be given notice and the Company will issue a press release announcing that the Warrants will expire 5 days following the date of such press release. The Warrants may be exercised by the holder of the Warrant during the 5-day period between the date of the press release announcing the accelerated expiry date and the expiration of the Warrants.
Finder's fees may be payable in connection with the completion of the Offering in accordance with TSXV policies. The net proceeds of the Offering are expected to be utilized by the Company for general corporate and working capital purposes.
Concurrent with the Offering, the Company also intends to settle a total of up to $500,000 of indebtedness with certain creditors (the "Shares for Debt Settlement") by issuing up to 1,562,500 Shares at a deemed price of $0.32 per Share.
All securities issued in connection with closing of each of the Offering and Shares for Debt Settlement will be subject to a statutory hold period of four months plus a day from the date of issuance of the Units or Shares, as applicable, in accordance with applicable securities legislation.
Closing of the Offering is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including that of the TSXV.
The securities offered have not been registered under the U.S. Securities Act of 1933, as amended, and may not be offered or sold in the United States absent registration or an applicable exemption from the registration requirements. This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any State in which such an offer, solicitation or sale would be unlawful.
The Company would like to confirm that there are 16,764,347 common shares outstanding as a result of the consolidation of its common shares prior to any issuances from the Offering or the Shares for Debt Settlement announced today.
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. The forward-looking statements and information in this press release include, amongst others, the closing of the Offering and use of proceeds of the Offering. 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.
Cision
KPIFF-LDDFF
4 weeks ago
Interesting find:
Russia suspected of sending incendiary devices on US- and Canada-bound planes, Wall Street Journal reports
https://www.cnn.com/2024/11/04/europe/russia-suspected-incendiary-devices-europe-intl-latam/index.html
https://www.reddit.com/r/LibertyDefense/s/a0XBYbyWf1
“
(CNN) — Incendiary devices that ignited in Germany and the United Kingdom in July were part of a covert Russian operation that aimed to start fires aboard cargo and passenger flights heading to the US and Canada, the Wall Street Journal (WSJ) reported Monday, citing Western security officials.
In July, device explosions at DHL logistics hubs in Leipzig, Germany, and Birmingham, UK, kickstarted a race to find the suspects, WSJ reported.
When asked about the incidents, a spokesperson at DHL Express told CNN the company is “aware of two recent incidents involving shipments in our network,” adding they are “cooperating with the relevant authorities.”
The devices, which were reportedly electric massagers implanted with a magnesium-based flammable substance, were sent to the UK from Lithuania and “appear to have been a test run to figure out how to get such incendiary devices aboard planes bound for North America,” the WSJ reported.
Speaking at a Tuesday news conference, Kremlin spokesperson Dmitry Peskov called the WSJ’s reporting “unintelligible hoaxes which are never supported by any credible information.”
Asked about the alleged Russian plot, a US government official told CNN that “at this time, there is no current active threat targeting U.S.-bound flights.”
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Courtesy of:
https://stocktwits.com/ethertwat/message/591267733
KPIFF-LDDFF
1 month ago
Post from Al Jazeera English (@AJEnglish)
Al Jazeera English (@AJEnglish) posted at 11:17 AM on Thu, Oct 24, 2024:
US President Joe Biden has rolled out new plans to harness Artificial Intelligence (AI) for national security, as the global race to innovate the technology accelerates ⤵️ https://t.co/qDL6DR7FN5
(https://x.com/AJEnglish/status/1849515605864419486?t=IkqNM21AwKXEBm62a2qhLA&s=03)
#LibDefense
https://www.reddit.com/r/LibertyDefense/s/YshrresY3r
“
United States President Joe Biden has rolled out new plans to harness Artificial Intelligence (AI) for national security, as the global race to innovate the technology accelerates.
Biden outlined the strategy in a first-ever AI-focused National Security Memorandum (NSM) Thursday, calling for the government to stay at the forefront of “safe, secure and trustworthy” AI development.
The memo directs US agencies to bolster their semiconductor chip supply chains, incorporate AI considerations into new government technology, and prioritise intelligence gathering on foreign efforts to undermine US AI leadership.
“We believe that we must out-compete our adversaries and mitigate the threats posed by adversary use of AI,” said a Biden administration official cited by AFP, the French news agency.
“
Don’t we know someone partnered to supply semiconductors for “national defense”…🤔🤔🤔🧐🧐🧐
Post from GlobalFoundries (@GlobalFoundries) GlobalFoundries (@GlobalFoundries) posted at 7:57 AM on Thu, Jun 20, 2024: Today we announced new strategic collaboration with @BAESystemsInc to strengthen the domestic supply of critical semiconductors for national security programs, with a focus on US chip manufacturing and joint R&D on for advanced chip technologies. More at: https://t.co/KNGiXBlm0l https://t.co/v5noivEFrk (https://x.com/GlobalFoundries/status/1803804292849025065?t=WDC7XBydwJMsynwtWtHslQ&s=03)
“
MALTA, N.Y., June 20, 2024 — BAE Systems (LON: BA) and GlobalFoundries (Nasdaq: GFS) (GF) today announced a new collaboration to strengthen the supply of critical semiconductors for national security programs. Under the strategic agreement, the companies will align technology roadmaps and collaborate on long-term strategies for increasing U.S. semiconductor innovation and manufacturing, with the joint goal of advancing the ecosystem for domestic fabrication and packaging of secure chips and solutions for use in aerospace and defense systems.
Together, the companies will engage in long-term planning for emerging technologies and collaborate on research and development in a range of areas, including advanced semiconductor packaging and integration, gallium nitride on silicon chips, silicon photonics and advanced technology process development. The new non-exclusive collaboration builds upon the longtime relationship between BAE Systems and GF, and further brings together BAE Systems’ expertise in microelectronics for critical defense systems with GF’s expertise as one of the world’s leading high-volume semiconductor manufacturers and the most advanced supplier of secure, essential chips to the U.S. Department of Defense (DoD).
Both BAE Systems and GF were recently named as recipients of planned direct funding from the U.S. government as part of the CHIPS and Science Act.
…
About BAE Systems
BAE Systems, Inc. and its nearly 41,000 people are part of a global defense, aerospace, and security company with approximately 100,000 employees worldwide. We deliver products and services for air, land, sea, and space, as well as advanced electronics, intelligence, security, and IT solutions and support services. Our dedication shows in everything we design, produce and deliver— to protect those who protect us in a high-performance, innovative culture. We push the limits of possibility to provide a critical advantage to our customers where it counts.
“
Can the two “coexist” …or rather complement each other…💡💡💡
https://www.reddit.com/r/EdgewaterWireless/s/VprTBbIlYD
#NextGenWiFi
KPIFF-LDDFF
2 months ago
Liberty Defense Receives Contract Modification from TSA for Continued Development of AIT Screening Kits
https://www.newswire.ca/news-releases/liberty-defense-receives-contract-modification-from-tsa-for-continued-development-of-ait-screening-kits-892300000.html
https://www.reddit.com/r/LibertyDefense/s/rqaNb7w1HV
“
is pleased to announce that it has received additional funding under its current contract with the Transportation Security Administration (TSA). The contract was awarded in 2023 with a total value of $3.86M. With this additional funding, $1.69M of the total contract value has been obligated. The funding will support additional design efficiencies into the development of a High-Definition Advanced Imaging Technology (HD-AIT) upgrade kit for testing on an Advanced Imaging Technology (AIT) passenger screening system.
The purpose of this Research and Development contract is to provide the TSA with Open Architecture (OA) software, end-to-end engineering development, and the maturation of the HD-AIT Wideband Upgrade Kit that is anticipated to offer enhanced detection and an improved passenger experience.
As a federal agency within the U.S. Department of Homeland Security, TSA is responsible for security screening conducted at about 430 federalized airports in the United States. The agency’s On-Person Screening program aims to detect a range of emerging threats, with fewer false alarms and less physical contact with passengers. According to the TSA Open Architecture Roadmap, the agency seeks a technology-design approach for software and hardware that uses widely accepted standards to ensure interoperability across tools and platforms, regardless of the technology designer, manufacturer, or supplier.
“We continue to work closely with TSA on this critical initiative to help develop the next generation of passenger screening,” says Liberty CEO Bill Frain. “We have made significant progress on the kit and this funding will support the targeted testing schedule in 2025. The HD-AIT Upgrade Kit will provide advanced threat detection and the opportunity for TSA to engage third-party providers for additional HD-AIT capabilities that could provide other operational proficiencies at the checkpoint.”
…
Liberty Defense to Host Live Corporate Update Webinar on September 26th at 2pm ET
Liberty Defense’s CEO, Bill Frain, will be hosting a webinar to provide important updates on the Company, including strategic partnerships, and discuss current operations and upcoming milestones, followed by live Q&A. You may submit your question(s) beforehand in the registration form linked below.
Investors and other interested parties invited to join and learn more about Liberty Defense’s HEXWAVE contactless security and threat detection technology. Date: Thursday, September 26th, 2024 Time: 2pm ET Register: Webinar Registration
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Renee
1 week ago
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