STOCK TITAN

Liberty Defense Expands Aviation Footprint with New HEXWAVE™ Award at Major International Airport

(Neutral)
Tags

Liberty Defense (NASDAQ: DETX) announced that its AI-powered HEXWAVE system was selected for deployment at a major U.S. international airport for aviation worker screening. The airport serves over 30 million passengers annually and ranks among the top 20 busiest in the country.

HEXWAVE uses millimeter wave technology, 3D imaging, and AI to detect metallic and non-metallic threats, including liquid, plastic, and powder explosives and 3D-printed weapons. The deployment is intended to enhance security, throughput, and aviation worker screening. CEO Bill Frain will also join Maxim Group’s Defense Tech Virtual Conference on June 25, 2026.

Loading...
Loading translation...

Positive

  • HEXWAVE selected for deployment at a major U.S. international airport
  • Expands Liberty Defense’s footprint across U.S. aviation security sector
  • Airport handles over 30 million passengers and is top-20 by traffic
  • HEXWAVE addresses both metallic and non-metallic concealed threat detection
  • Deployment targets faster, contactless screening for aviation workers

Negative

  • None.

Market Context

This announcement adds another major U.S. airport using HEXWAVE for worker screening, reinforcing av...
Analysis

This announcement adds another major U.S. airport using HEXWAVE for worker screening, reinforcing aviation traction. Prior airport and IPO news often moved shares by double digits. Recurring losses and going-concern language remain important factors to monitor alongside contract execution.

Key Figures

Current price: $5.71 24h price change: 24.27% Airport passengers: over 30 million passengers annually +5 more
8 metrics
Current price $5.71 Pre-news market context for LDDFF
24h price change 24.27% Move prior to this news item
Airport passengers over 30 million passengers annually Traffic at the newly announced major U.S. airport deployment
IPO share count 3,333,333 common shares Registered in proposed U.S. IPO (F-1/A, 2026-03-06)
IPO price range US$4.00–US$5.00 per share Assumed range in F-1/A IPO filing
2024 revenue US$2.44 million Year ended December 31, 2024 (F-1 filing)
2024 net loss US$8.85 million Year ended December 31, 2024 (F-1 filing)
Cash balance US$0.64 million As of September 30, 2025 (F-1/A 2026-02-19)

Historical Context

5 past events · Latest: Feb 18 (Positive)
Pattern 5 events
Date Event Sentiment 24h Move Catalyst
Feb 18 Commercial contract Positive -1.4% HEXWAVE walkthrough sale to infectious disease lab after successful on-site trial.
Feb 11 Leadership hire Positive +2.6% Appointment of former TSA PreCheck leader to drive aviation strategy and sales.
Feb 06 IPO filing Neutral +24.0% Public Form F-1 filing for proposed U.S. IPO and planned Nasdaq listing.
Feb 05 Airport contract Positive +17.1% Major U.S. airport contract to deploy multiple HEXWAVE systems for worker screening.
Jan 20 IPO preparation Negative -7.7% Confidential draft Form F-1 submission for proposed U.S. IPO under market conditions.

24h Move is the share-price change in the day after each event; other market factors may also have contributed.

Pattern Detected

News tied to airport contracts and IPO milestones has often aligned with notable price moves, while some commercial wins have seen muted or contrary reactions.

Key Terms

millimeter wave technology, 3d imaging, form f-1, going concern, +1 more
5 terms
millimeter wave technology technical
"HEXWAVE™ leverages millimeter wave technology, advanced 3D imaging, and artificial intelligence"
Millimeter wave technology uses very high radio frequencies that carry large amounts of data over short distances, often enabling ultra-fast wireless links, radar sensing, and high-resolution imaging. For investors, it matters because it opens new markets and drives demand for specialized components, infrastructure upgrades and spectrum licensing—similar to adding extra fast lanes on a highway to handle more traffic and enable new services, which can boost revenues for equipment makers and network operators.
3d imaging technical
"HEXWAVE™ leverages millimeter wave technology, advanced 3D imaging, and artificial intelligence"
Three-dimensional imaging is a set of medical technologies that create a lifelike, volumetric view of organs or structures inside the body instead of a flat picture, like turning a paper map into a small model you can rotate. Investors care because these systems often command higher prices, open new markets for devices and software, and can change clinical adoption, regulatory review and reimbursement — all of which affect revenue and growth potential.
form f-1 regulatory
"filed a Form F-1 registration statement with the U.S. SEC for a proposed U.S. initial public offering"
A Form F-1 is the document a non-U.S. company files with U.S. regulators when it wants to sell stock or other securities to U.S. investors. It lays out the company’s business, finances, risks and how the offering will work, acting like a product manual and ingredient list so investors can judge what they’re buying. For investors, it’s a key source of verified information used to compare opportunities and assess potential reward and risk.
going concern financial
"its auditors raised substantial doubt about its ability to continue as a going concern"
Going concern is the accounting assumption that a company will keep operating and meeting its obligations for the foreseeable future. The phrase matters most when a company or its auditors disclose substantial doubt about it, a formal warning that the business may not have enough resources to continue without raising money, restructuring, or selling assets. That language in a filing or press release signals elevated financial risk.
reverse share split financial
"intends to effect a one-for-(1-for-) reverse share split prior to effectiveness"
A reverse share split is when a company reduces the number of its shares outstanding by combining multiple shares into one, effectively increasing the price of each share. For investors, this can help improve the company's image or meet stock exchange listing requirements, but it does not change the total value of their investment. It’s similar to turning many small pieces of a puzzle into fewer larger pieces—nothing new is added or lost, just rearranged.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google
Add on Google

Advanced AI- powered HEXWAVE™ technology enables detection of liquid, plastic, and powder explosives, 3D-printed weapons, and other evolving concealed threats

WILMINGTON, Mass., June 25, 2026 (GLOBE NEWSWIRE) -- Liberty Defense Holdings Ltd. (“Liberty,” “Liberty Defense” or the “Company”) (NASDAQ: DETX; TSXV: SCAN), a leading technology provider of AI-based next generation detection solutions for concealed weapons and threats, is pleased to announce that its HEXWAVE™ system has been selected for deployment at a major international airport in the United States for aviation worker screening operations. The award represents another significant milestone in Liberty Defense’s continued expansion across the aviation sector as airports enhance security programs to support evolving Transportation Security Administration (TSA) worker screening requirements.

The airport serves over 30 million domestic and international passengers annually and is one of the top 20 busiest airports in the United States.

The HEXWAVE™ systems will be utilized at designated aviation worker screening checkpoints to provide fast, contactless screening. HEXWAVE™ leverages millimeter wave technology, advanced 3D imaging, and artificial intelligence to identify concealed metallic and non-metallic weapons and threats, including liquid, plastic, and powder explosives as well as 3D-printed weapons and other prohibited items. The deployment is intended to enhance overall airport security operations while improving throughput efficiency and the screening experience for aviation personnel.

“Securing another major U.S. airport reflects the growing demand for next-generation screening technologies that improve both safety and operational efficiency,” said Bill Frain, CEO of Liberty Defense. “We now have installations at several of the nation's busiest airports and transportation hubs, and we are proud to support their commitment to deploying advanced, contactless security solutions that address evolving threat environments while enhancing the experience for aviation workers.”

In addition, CEO Bill Frain will participate in a webcast fireside chat at Maxim Group’s Defense Tech Virtual Conference, Thursday, June 25, 2026, at 10:30 am ET (Track 2). The conversation will be led by Maxim Group Equity Analyst Jack Vander Aarde, including Q&A.

Growing global tensions along with increasing incidents of military action are exposing a range of challenges to traditional strategies. In this virtual conference, Maxim Group Research Analysts sit down with company leaders racing to close the gaps and bring new capabilities to market. The event brings executive management from companies driving innovation and next-generation defense technology solutions to investors.

Register at: Maxim Digital

For updates and news, please visit the Company website to subscribe to email alerts or follow Liberty Defense on social channels.

About Liberty Defense
Liberty Defense (NASDAQ: DETX; TSXV: SCAN) 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 system uses millimeter wave, advanced 3D imaging, and AI technologies that have been secured under exclusive license and developed proprietarily to automatically detect all types of concealed metallic and non-metallic weapons and other prohibited items. Liberty is also developing the next generation of aviation passenger screening with the millimeter wave-based, High-Definition Advanced Imaging Technology (HD-AIT) body 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

For further information about Liberty, please contact:

Jay Adelaar
Senior Vice President of Capital Markets, Liberty Defense
604-809-2500
jay@libertydefense.com

For further sales information, please contact:

Ian McNaughton
Senior Director Business Development
613-292-3669
imcnaughton@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 its 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 Liberty can give no assurance that such statements will prove to be correct. Such statements and information reflect the current view of Liberty.

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, including those appearing in Liberty’s public filings. 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.


FAQ

What did Liberty Defense (NASDAQ: DETX) announce about HEXWAVE on June 25, 2026?

Liberty Defense announced that its HEXWAVE system was selected for deployment at a major U.S. international airport for aviation worker screening. According to Liberty Defense, this award marks another milestone in expanding its presence in the aviation security sector.

Which threats can Liberty Defense’s HEXWAVE detect in airport worker screening?

HEXWAVE is designed to detect metallic and non-metallic concealed threats, including liquid, plastic, and powder explosives and 3D-printed weapons. According to Liberty Defense, the system uses millimeter wave technology, advanced 3D imaging, and AI to enhance airport security operations.

How significant is the new airport deployment for Liberty Defense’s aviation footprint (DETX)?

The new deployment adds HEXWAVE to a major U.S. international airport serving over 30 million passengers annually. According to Liberty Defense, it already has installations at several of the nation’s busiest airports and transportation hubs, supporting wider adoption of its security technology.

How will HEXWAVE be used at the major U.S. international airport?

HEXWAVE will be used at designated aviation worker screening checkpoints to provide fast, contactless security screening. According to Liberty Defense, the deployment is intended to improve throughput efficiency, enhance overall airport security operations, and support evolving TSA worker screening requirements.

What role will Liberty Defense’s CEO play at Maxim Group’s Defense Tech Virtual Conference?

CEO Bill Frain will participate in a webcast fireside chat at Maxim Group’s Defense Tech Virtual Conference on June 25, 2026. According to Liberty Defense, the session, led by analyst Jack Vander Aarde, will include Q&A and focus on next-generation defense technologies.

How does Liberty Defense describe HEXWAVE’s benefits for aviation workers and airports?

HEXWAVE is described as enabling fast, contactless screening that enhances security while improving the screening experience for aviation personnel. According to Liberty Defense, the system helps airports address evolving threat environments and TSA worker screening requirements with advanced AI-based detection.